Nigeria | Egypt Oil & Gas - Part 47
Nigeria Feels Squeeze of Oil Price Plunge, Africa Suffers Too
The halving of crude prices has struck at the heart of Nigeria’ state finances, reveals Bloomberg, with no facet of the country’s oil revenues left unscathed. This includes, it emerges, Nigeria’s sov...
Nigeria to Deploy Drones to Reduce Oil Theft
Nigeria’s state-run NNPC has started work on a plan to utilize drones to reduce oil theft, reported Bloomberg. “We are looking at the current logistical nightmares of changing staffing at the loading bay of crud...
Shell’s Global LNG Plans Hit Pipeline Snag in Nigeria
Royal Dutch Shell announced on Friday that gas supplies to Nigeria’s LNG export terminal on Bonny Island had suffered a reduction thanks to the shutdown of a major oil pipeline in the country, reported Reuters. ...
Nigeria Takes Deregulation Advice from Private Sector Reformer
Dr Emmanuel Kachikwu, the new Director of the Nigerian National Petroleum Corporation (NNPC), called for the full deregulation of Nigeria’s oil and gas sector, reported Daily Post Nigeria. “Subsidy creates distortion ...
Nigeria to Shift Gears to Agriculture in Fight Against Oil Corruption
Nigeria’s democratically elected President Muhammadu Buhari plans to split the Nigerian National Petroleum Corp. in two, creating a regulator and a vehicle for investments, said Femi Adesina, a presidential spokesman,...
Nigeria Unprecedented Cleanup Plans Awaiting More Guarantees
Nigeria announced that it would finally clean-up the oil-contaminated Ogoniland in the Niger delta, and at the cost of $1bn, according to the Guardian. This came four years after a damning UN report advised both the g...
Nigeria Losing Billions of Dollars Due to Oil Corruption
Nigeria, Africa’s largest oil producer, is losing billions of dollars a year due to corruption and inefficiency reported Forbes. The country has come under scrutiny as its president, Muhammadu Buhari has worked to red...
USTDA and Dangote Oil to Build a Greenfield Petroleum Refinery
The United States Trade and Development Agency has on Thursday signed a training grant agreement with Dangote Oil Refining Company to develop the critical human resources necessary to operate and maintain a Greenfield...
