Nigeria | Egypt Oil & Gas - Part 26
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.
Lekoil to Produce 10,000b/d from Oil in Nigeria’s OML 11
Lekoil Limited has declared the successful well tests of C5 and C6 zones in the Otakikpo Marginal Field in Oil Mining Lease (OML) 11 in Nigeria.
Siemens Developed Oil, Gas Repair Facility in Nigeria
Siemens Limited Nigeria has inaugurated a new $3.35m facility in Port Harcourt to increase local capacity in the Nigerian oil and gas industry. The facility was equipped to repair and overhaul equipment that would ha ... Nigeria Lost 130,000b/d of Crude Output in August
Nigeria suffered the biggest decline among members of the Organization of Petroleum Exporting Countries (OPEC) with 1.468mb/d of crude oil in August.
Nigerian Renewed Crackdown on Oil Theft
The Nigerian Navy arrested 11 suspected oil thieves and destroyed 13 ‘Cotonou boats’ laden with suspected stolen crude oil.
LPG Vessel Stranded in Nigeria
MT Gaz Providence vessel carrying Liquefied Petroleum Gas (LPG) by the Nigeria LNG Limited was stranded at Apapa Jetty in Lagos due to lack of berthing space.
Shell Nigeria Resumed Bonny Light Exports
Royal Dutch Shell lifted its force majeure on Nigeria's Bonny Light crude exports. The Nembe Creek Trunk Line was repaired and reopened, allowing Shell to resume exports.
Chemex to Expand Nigerian Refinery
US’s Chemex Modular LLC reached an agreement with Niger Delta Petroleum Resources Ltd (NDPR) to expand NDPR's existing refining capacity from 1,000b/d of crude to 11,000b/d.
