Nigeria Retains Africa’s Top Oil Producer Spot Amid OPEC Output Increase
Nigeria maintained its position as Africa’s leading oil producer in November 2024, with production increasing to 1.48 million barrels per…
Tag: Oil
Nigeria’s NNPC Unveils New Crude Oil Grade to Global Market
The Nigerian National Petroleum Corporation Limited (NNPCL) has introduced the Utapate crude oil blend to the international market, with plans…
Will Dangote’s Refinery End Nigeria’s Oil Crisis or Fuel New Tensions?
Aliko Dangote’s $20 billion refinery, Africa’s largest, aims to end Nigeria’s reliance on costly fuel imports. However, the venture faces…
Nigeria’s Oil Regulator Approves First Floating LNG Plant
Nigeria’s oil regulator has licensed UTM Offshore Limited to operate the country’s first floating liquefied natural gas (LNG) plant, designed…
Nigeria’s Dangote Oil Refinery Begins Gasoline Production
Nigeria’s Dangote Oil Refinery has begun processing gasoline, marking a significant development after delays caused by crude shortages. The $20…
South Sudan to Build New Oil Refinery with Chinese Firm
South Sudan has signed an agreement with China’s Shengli Oilfield Keer Engineering and Construction Company (Sokec) to construct a modern…
Nigeria Approves Crude Oil Sales to Dangote Refinery in Local Currency
Nigeria’s government has approved the sale of crude oil in the local naira currency to the Dangote refinery and other…
Three Sides to Nigeria’s Oil Story
Africa’s richest man Aliko Dangote is battling to get his $20 billion refinery in Nigeria fully functional and begin recouping…
Nigeria Produced 1.27 Million Barrels of Crude Oil Daily in June
Nigeria’s crude oil production in June 2024 rose to an average of 1.276 million barrels per day (bpd), up by…