Nigeria | Egypt Oil & Gas - Part 42
Nigeria’s Crude Exports Record a High
Nigeria exported 64.86 million barrels, or 2.09 million b/d, of oil including condensates in July, down from the 1.98 million b/d in June.
Nigerian Oil Workers to Resist Mass Sack
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) vows to resist any mass sack of its members.
Pipeline Vandalism in the Niger Delta Costs $14b
Pipeline vandalism in the Niger delta costs the state and oil companies $14b a year and devastated up to 52,000 hectares of land in 2014.
Nigeria Loses $2.5b Yearly Due to Gas Flaring
President of Nigerian Liquefied Petroleum Gas Association (NLPGA) has decried the huge loss of possible earnings due to gas flaring.
Nigeria Closer to Oil find in Lake Chad Basin
Group Managing Director of NNPC has said it "may well be on the verge of a significant oil find" in the Lake Chad area, which has been blighted by Boko Haram-related violence.
Angola Seeks Collaboration on Oil, Gas with Nigeria
The government of Angola has called on the Nigerian business community to take advantage of investment opportunities that abound in their country.
Nigeria’s NNPC to Invest $20b in its Operations Next Year
Nigerian National Petroleum Corporation announced planned investments of around $20b in its operations next year, with the aim of ensuring that Nigeria’s crude oil production capacity hits 3m bpd by the end of 2016.
Nigeria Approves $2.1b Payment to Oil Marketers
Nigeria's government has approved the payment of $2.1b to oil marketers as outstanding payment for fuel subsidy claims, the state-run Nigerian National Petroleum Corporation has announced.
