According to the direct communication data in the April 2023 monthly oil market report (MOMR) of the Organization of Petroleum Exporting Countries (OPEC), Angola recorded 1.06 million barrels per day (mbpd) crude production in April 2023.
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Mr. Mele Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company Ltd. (NNPCL), has called on African countries to take advantage of the implementation of the African Continental Free Trade Agreement (AfCFTA).
Held under the theme, “Unlocking Africa’s Just Energy Potential”, the Green Energy Africa Summit (GEA) will provide unrivalled opportunities throughout its two-day programme for stakeholders across the energy value chain to collaborate, offer solutions and build partnerships to help unlock Africa’s true socioeconomic potential.
The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says it will recommend the establishment of an ‘African forum of regulators’, to benchmark and standardise regulatory framework in the upstream oil and gas sector across the states of the African nations.
The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas resources.
The Organized Labour says that the Federal Government’s decision to suspend the removal of fuel subsidy as the “best option”.
The Minister of Justice and Attorney General of the Federation (AGF) Abubakar Malami has dismissed claims that Nigeria lost over $2.4 billion revenue from alleged illegal sale of 48 million barrels of crude oil exported in 2015 to China.
The Nigeria’s National Economic Council (NEC) at its meeting on Thursday, resolved that the federal government has suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration.
The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency (IEA) not to further undermine the oil industry investments.
Over 1.1 billion dollars have been spent on the ongoing construction of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and Station project from its cash-flow, the Nigerian National Petroleum Company Limited (NNPC Ltd) has said.