Nigeria | Egypt Oil & Gas - Part 25

Nigerian Workers Opposed the Sale of Oil, Gas Assets

Nigeria's Trade Union Congress (TUC) and Petroleum and Natural Gas Senior Staff Association oppose the sale of national oil and gas assets

Nigeria Earned $1.7b from Oil, Gas Exports in Q2 2016

Nigeria’s Federal Government earned $1.7b from oil and gas export during the second quarter of 2016, a 19.4% from the first quarter of the year.

Nigeria to Consider Shutting Its Biggest Power Station

Nigeria might shutdown the nation’s largest power station amid liquidity and gas supply issues threatening operations at the facility.

Nigeria Sues Big Oil for $12.7b

Nigeria is suing several leading oil companies for $12.7b of crude oil that allegedly was exported illegally to the US between 2011 and 2014.

Nigeria to Focus on Gas Developments

The Nigerian National Petroleum Corporation will support the Nigerian Gas Association to achieve its objectives of ensuring that the country derives maximum benefit from its huge gas resource base.

Helios Investments Buys Stake in Oando Gas and Power

Oil and gas group Oando has sold 49% of its midstream business subsidiary, Oando Gas and Power (OGP), for $115.8m, to Helios Investment Partners LLP.

Dangote Refinery Eyes Lagos Crude

Dangote Industries said that the recent discovery of oil in Lagos State in commercial quantity is a good sign for the development of the oil and gas industry in the country.

Militants Attacked a Crude Delivery Line in Nigeria

The Niger Delta Greenland Justice Mandate blew up the Afiesere – Ekiugbo delivery line, a major crude oil shoreline belonging to the Nigerian Petroleum Development Company (NPDC) in Ughelli, Delta State.

Nigeria Seeks $10b is Petroleum Assets Sale

Nigeria will sell off 15% of the Nigerian National Petroleum Corporation's (NNPC) and Nigeria LNG Limited's (NLNG) oil and gas assets to help revive the country's economy, with an expected yield of $10b.

Nigeria Spends $7b on Fuel Subsidies

Nigeria spent an estimated $35b as subsidy on petroleum products out of the $300b earned from crude oil over the course of 5 years since 2010. This amounts to approximately $7b annual expenditure on subsidies.

Page 25 of 55

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