Thursday, September 20, 2018
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Petrobarometer

    Italian court jails middlemen involved in Malabu deal

Italian court jails middlemen involved in Malabu deal

A Milan court has sentenced Emeka Obi, a Nigerian and Gianluca Di Nardo, an Italian, to a four-year jail term for their complicity in a bribery scandal linked to the sale of OPL 245 in 2011.Quoting a legal source, Reuters reported that Obi and Di Nardo were sentenced on Thursday.Both men were said to be closely linked to Dan Etete, [...]

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    NLNG to sign agreement on guaranteed feedstock supply for Train 7 project

NLNG to sign agreement on guaranteed feedstock supply for Train 7 project

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    NNPC: Funding plan for AKK gas pipeline project near conclusion

NNPC: Funding plan for AKK gas pipeline project near conclusion

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    OPL 245: Italian court to decide Shell, Eni’s fate on Thursday

OPL 245: Italian court to decide Shell, Eni’s fate on Thursday

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    Handling of petroleum products to take centre stage at Lagos petroleum safety conference

Handling of petroleum products to take centre stage at Lagos petroleum safety conference

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    Oil nears $80 amid US hurricane threat, Iran sanctions

Oil nears $80 amid US hurricane threat, Iran sanctions

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    Enang: PIGB a masquerade, Buhari was right to withhold assent

Enang: PIGB a masquerade, Buhari was right to withhold assent

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    Nigeria’s oil output at risk as ex-workers continue blockade of Mobil’s Qua Iboe terminal

Nigeria’s oil output at risk as ex-workers continue blockade of Mobil’s Qua Iboe terminal

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    Kachikwu: OPEC supply cuts may extend into 2019

Kachikwu: OPEC supply cuts may extend into 2019

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    Group urges FG to act on ‘grand conspiracy’ in oil and gas sector

Group urges FG to act on ‘grand conspiracy’ in oil and gas sector

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    NNPC to expand operations with bunkering company

NNPC to expand operations with bunkering company

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    Buhari rejected PIGB ‘for constitutional reasons’

Buhari rejected PIGB ‘for constitutional reasons’

President Muhammadu Buhari withheld his assent from the Petroleum Industry Governance Bill (PIGB) because of ''legal and constitutional reasons'', his legislative aide has said.Ita Enang described as blackmail reports that Buhari rejected the bill because it whittled down his power as minister of petroleum resources.In press release on Wednesday, Enang said the three major reasons are:"That the provision of the [...]

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    FG withdraws pipeline security contract granted private firm over oil theft

FG withdraws pipeline security contract granted private firm over oil theft

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    NNPC to establish two gas condensate refineries

NNPC to establish two gas condensate refineries

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    EXCLUSIVE: Buhari rejects PIGB, says it whittles down his power

EXCLUSIVE: Buhari rejects PIGB, says it whittles down his power

President Muhammadu Buhari has rejected the historic Petroleum Industry Governance Bill (PIGB) as passed by the national assembly, TheCable Petrobarometer understands.The proposed law, which is conceived to liberalise the governance structure of Nigeria's oil industry, is one of the four bills in which the omnibous Petroleum Industry Bill (PIB) was broken into by the legislature after over a decade of [...]

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    ‘NNPC selling products at a discount’ — Wale Tinubu on why refineries under-perform

‘NNPC selling products at a discount’ — Wale Tinubu on why refineries under-perform

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Exchange Rates

September 20, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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