Nigerian National Petroleum Corporation | Egypt Oil & Gas - Part 2
Nigeria’s National Oil Company Announces $1.3b in Losses
NNPC, the state oil company in Nigeria, Africa’s biggest producer of crude, made a $1.34b loss for 2015, dragged down by its refining division.
Nigeria to End Oil Swaps from March
Nigeria will replace crude oil swap agreements in March with a system under which it will directly sell crude oil to refiners and purchase refined oil products from them.
Nigeria Directs Country-Wide Fuel Supply Intervention
Nigeria's Ministry of State for Petroleum Resources has issued a direction to agencies requesting a special supply intervention to ensure petroleum products will be delivered during the upcoming Christmas holiday.
Nigerian Pipeline Plundered for $250m Worth of Oil
The Nigerian National Petroleum Corporation said that nearly $250m worth of oil was stolen from a single Nigerian pipeline running north-east.
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’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.
Nigeria to Deal Directly With Refiners, Cancels Bids
Nigeria will start selling and buying oil and gasoline directly to cut out middlemen and curb graft, the new managers of the Nigerian National Petroleum Corporation announced on Tuesday.
