crude oil
Oil Theft: FG seals $21m deal to meter 187 flow stations
In a major bid to curb oil theft and boost revenue in the Niger Delta region, the Nigerian government has approved a $21 million contract to install meters in 187 flow stations across the region. The Minister of Petroleum … Continue Reading
Nigeria loses N636bn revenue as crude oil production drops
Nigeria’s oil production has been on a downward trend since January 2024, leading to a significant revenue loss of about N636.3 billion. According to data obtained from the Nigerian Upstream Petroleum Regulatory Commission, the country’s crude oil production dropped … Continue Reading
Nigerian Navy Apprehends Ghanaian Vessel with 2 Million Litres of Stolen Crude Oil
The Nigerian Navy has intercepted a Ghanaian vessel, the Motor Tanker SWEET MIRI, on suspicion of crude oil theft. The vessel, with a crew of 13 members comprising one Ghanaian and 12 Nigerians, was apprehended off the coast of Nigeria, … Continue Reading
Dangote Refinery Commences Production, Marks Milestone with Fifth Crude Oil Shipment
The Dangote Refinery and Petrochemical Company officially commenced production on Friday, following the reception of its fifth crude oil shipment.
The Nigerian National Petroleum Corporation Limited supplied one million barrels of Bonny Light for the state-of-the-art refinery.
The 650,000 barrels … Continue Reading