Nigeria | Egypt Oil & Gas - Part 40
Nigeria Expects US to Resume Crude Oil Purchase
The US is believed to soon resume its oil trade relations with Nigeria by purchasing 'very limited' quantities of Nigeria's crude, according to a statement by Nigeria's Minister of State for Petroleum, Ibe Kachikwu.
Nigeria To Boost Expenditure as Oil Deficit Widens
Nigerian President, Muhammadu Buhari announced plans to raise the government spending to $31b, up 20% in 2016 through extensive borrowing at home and abroad amid falling oil prices.
Nigerian Christmas Tragedy: 100 Burnt to Death in Gas Explosion
A huge explosion at a butane gas depot in south-eastern Nigeria on December 24th has left "tens" of people dead, mostly workers and customers who had come to the plant to fill up their gas bottles to cook meals on Ch ...
Nigeria to Reduce Petrol Price in 2016
Nigeria will reduce gasoline costs and scrap a fuel subsidy under a pricing mechanism to come into effect from January.
ENI Declares Force Majeure on Nigeria’s LNG Export Plant
ENI has declared force majeure on loadings from Nigeria's LNG export plant due to sabotage on the Ogoda-Brass transport line, planning to reschedule some shipments.
Shell May Be Held Liable for 2008 Nigeria Oil Spills
A Dutch appeals court ruled that Royal Dutch Shell may be held liable for 2008 oil spills at its subsidiary in Nigeria, potentially opening the way for other compensation claims against multinationals in the Niger Delta.
Nigeria Convicts Nine Asians of Oil Theft
Nigerian Federal High Court based in Lagos convicted five Filipinos and four Bangladeshis for stealing 3,423,097 metric tons of crude oil from Nigeria.
Nigeria to Cut Petrol Subsidies in 2016 amid Oil Production Drop
Nigeria plans to reintroduce the old petrol price of $0.49 (N97) per liter in 2016 in line with the country's policy to cut oil subsidies amid the global oil price slump.
