NNPC | Egypt Oil & Gas - Part 6
NNPC to Drill in Chad Basin
The Nigerian National Petroleum Corporation (NNPC) will begin drilling in Chad Basin in early 2017, after the acquisition and processing of more than 1,900 sq. km of new 3D seismic. Nigeria to Payoff Energy JV Arrears with Royalties, Taxes
The Nigerian National Petroleum Corporation will us oil and gas royalties and taxes in liquidating outstanding and future JV cash call arrears.
Miltants Attacked Nigeria’s Bonny Crude Pipeline
The Niger Delta Avengers (NDA) has claimed responsibility for bombing the Bonny 48-inche crude oil export line in Rivers State in Nigeria.
Nigeria Spends $7b on Fuel Subsidies
Nigeria spent an estimated $35b as subsidy on petroleum products out of the $300b earned from crude oil over the course of 5 years since 2010. This amounts to approximately $7b annual expenditure on subsidies.
Nigeria to Explore for New Oil, Gas Reservoirs
Nigeria is to offer incentives for oil and gas companies to explore the hydrocarbon potentials of green frontier basins in order to increase country's depleting reserves.
Nigerian Crude Production Declined by 700,00b/d
Pipeline vandals and oil thieves have lost Nigeria 560,000 barrels of crude to the refineries as feedstock and 109m litres of petroleum products between January and May 2016. The country's national budget was based o ...
Nigeria Discovers Oil Siphoning Well in Lagos
The Nigerian Army and officers of the Nigeria Security and Civil Defence Corps (NSCDC) uncovered an illegal oil well in Lagos State. The well was filled with Petroleum Motor Spirit (PMS). Nigeria Seeks Stable Petroleum Distribution
The Nigerian National Petroleum Corporation (NNPC) has requested the support of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to guarantee efficient distribution of petroleum products nationwide ...
