Nigeria | Egypt Oil & Gas - Part 32
Nigeria Maintains Oil-Revenue Forecast Despite Decline
Nigeria maintained revenue forecast for this year’s budget based on daily oil production of 2.2m barrels despite output falling over the April, reaching a 22 year low currently.
Chevron Evacuates Staff in Nigeria Following More Attacks
Chevron Corporation has been jolted by another attack in Nigeria: an explosion hit the company's Marakaba pipeline that shook the company’s facility in Nigeria’s Delta State. The company commenced the evacuation of s ...
Nigeria Unions Call for General Strike Over Gas Price Hike
Nigeria's two main labour unions called for an indefinite general strike from Wednesday May 18th, unless the government reverses its plan to increase the price of petrol.
Nigeria Plans to Export Fuel by 2019
Nigeria's Minister of State for Petroleum, Ibe Kachikwu, disclosed federal government’s intention to export refined petroleum products by 2019, after building three new refineries in Kaduna, Port-harcout and Warri. Nigeria’s Oil Production Output Nears 22-Year Low
A series of attacks on Nigeria's oil infrastructure has pushed its output of crude close to a 22-year low, Reuters data shows, putting intense pressure on the country's finances.
Main Nigeria’s Oil Workers Unions Back Subsidy Removal
The main Nigerian oil workers unions, NUPENG and PENGASSAN, have declared their support for the government’s new price of petrol, after the removal of a controversial subsidy on gas, although the move is nearly doubl ...
Niger Delta Militants Give Oil Companies 2 Weeks to Shut Down
The Niger Delta Avengers (NDA), the new face of violent agitations in the region, issued a two-week ultimatum to owners and operators of oil blocs in the area to shut down their business operations and evacuate all t ...
Nigeria Lifts Gas Subsidy, Fuel Nearly Doubles Price
Nigeria's government announced it is lifting a controversial subsidy on gas, nearly doubling the price amid a massive fuel shortage and militant attacks on oil installations in Africa's biggest petroleum producer. 
