Nigeria | Egypt Oil & Gas - Part 49

Nigeria | Egypt Oil & Gas - Part 49

Nigeria’s Oil Company Kept Most of Oil Revenue

Nigeria's state oil company earned 8.1 trillion naira ($41 billion) from 2012 until the end of May, but only paid 4.3 trillion to the federal government, the country's National Economic Council (NEC) said on Monday.

Nigeria Relaxes Grip on Gas Prices to Increase Power-Plant Supply

Nigeria’s energy regulator said it’s prepared to approve higher prices for natural-gas supply to ensure increased deliveries to the nation’s ailing power plants.

Fuel Shortages to Hit Nigeria Says Seplat CEO

Nigeria will probably be hit by fuel shortages in three weeks as the government doesn’t have enough money to pay for gasoline subsidies, according to the head of Seplat Petroleum Development Co Plc.

Nigerian President Dissolves Board of NNPC

Nigeria's new President Muhammadu Buhari dissolved the board of the state-owned oil company on Friday as a first step in cleaning up the sector in Africa's biggest crude producer.

Nigeria Crude Differential Hits 10-year Low

Official prices for Nigerian crude have hit their lowest in at least a decade as a nagging oversupply of physical oil takes its toll.

Nigeria’s Buhari Advised to End Fuel Subsidy

Nigeria's new president, Muhammadu Buhari, has been advised by his transition committee to end a fuel subsidy program and privatize Nigeria's four refineries, senior sources in his party told Reuters on Sunday.

Nigeria Reconsiders Stakes in Joint Ventures

The Nigerian government should start selling off its stakes in oil joint ventures with foreign partners to ease the funding issues and leakage of cash due to corruption and waste which have impeded the country's bid ...

Nigeria Power Plans Require Fixed Gas-Pipeline

For Nigeria’s state-owned energy company, supplying gas to power plants around the country depends on fixing pipelines quicker than they get ruptured.

Nigeria Could Increase Oil Output With Funding Reforms

Nigeria can boost its oil and gas production by changing the way capital investments are funded in its joint ventures with energy companies, according to Seplat Petroleum Development Co.

Buhari Plans to Keep Oil Portfolio Away from New Nigeria Cabinet

President Muhammadu Buhari is likely to keep the oil portfolio for himself in the new Nigerian cabinet, rather than trust anyone else with the source of most of Nigeria's revenue and traditional fount of corruption, ...

Page 49 of 56

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