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Petrobarometer
Mohammed Usman, head of the greenfield refineries division of the Nigerian National Petroleum Corporation (NNPC), says investor fatigue made Chinese companies pull out of agreements to build new refineries.Usman made this known during an interview published in the February edition of NNPC News, the monthly publication of the corporation.According to him, the federal government had terminated agreements previously held with [...]
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Nigeria’s crude oil revenue is set to take a hit as the country’s largest buyer, India, has struck a deal worth $1.5 billion, to buy oil from the US. [...]
The federal government has ordered six international oil companies (IOCs) developing petroleum resources in Nigeria’s deepwater offshore area to pay almost N20 billion in outstanding royalties and taxes for oil and gas production. [...]
Ibe Kachikwu, minister of state for petroleum resources, says the federal government has recovered N1.2 trillion in royalty arrears from oil companies operating in the country. [...]
INFOGRAPHIC: FAAC disbursements break four-year record, exceeds N2trn for three consecutive quarters
The Federation Allocation Account Committee (FAAC) disbursed a total of N8.52 trillion to the three tiers of government in 2018. [...]
Mahmud Tukur, managing director, Eterna Plc, says the company is expanding its downstream operations despite Nigeria's "challenging operating environment".Tukur was speaking during a press briefing to mark the company’s 30-year anniversary in Lagos on Tuesday.In the last three years, international oil companies (IOCs) and independent operators in Nigeria's oil industry have divested their assets either party or fully, but [...]
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