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Tag "crude oil production"

FG targets crude oil production of 2m bpd by December

    FG targets crude oil production of 2m bpd by December

The federal government says it aims to increase crude oil production to at least two million barrels per day (bpd) by December.   Heineken Lokpobiri, minister of state for petroleum resources

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Crude oil production has increased to 1.6m bpd, says Kyari

    Crude oil production has increased to 1.6m bpd, says Kyari

The Nigerian National Petroleum Company (NNPC) Limited says Nigeria’s crude oil production level (including condensate) is currently at 1.67 million barrels per day (bpd). Mele Kyari, group chief executive officer

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Five African presidents to attend inauguration of Dangote Refinery on Monday

    Five African presidents to attend inauguration of Dangote Refinery on Monday

Five African presidents are expected to attend the inauguration of the Dangote Refinery alongside President Muhammadu Buhari on Monday, May 22, 2023. The dignitaries are President Gnassingbé Eyadéma of Togo,

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Oil price may rise as OPEC+ cuts output by 1.15m bpd from May

    Oil price may rise as OPEC+ cuts output by 1.15m bpd from May

The kingdom of Saudi Arabia and other oil-producing countries have announced plans to cut production by 1.15 million barrels per day (bpd) from May till the end of the year. 

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NUPRC: Nigeria’s oil production rose by 3% to 1.30m bpd in February

  NUPRC: Nigeria’s oil production rose by 3% to 1.30m bpd in February

Nigeria’s oil production increased to 1,306,304 barrels per day (bpd) in February 2023. The production figure is 3.83 percent or

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Nigeria to meet OPEC output quota by May 2023, says Sylva

  Nigeria to meet OPEC output quota by May 2023, says Sylva

Timipre Sylva, minister of petroleum resources, says Nigeria should meet the production quota set by the Organisation of Petroleum Exporting

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OPEC: Nigeria contributed highest to global oil output in October

  OPEC: Nigeria contributed highest to global oil output in October

Nigeria contributed mainly to the increase in global crude oil production in October, according to the Organisation of the Petroleum

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Shell completes maintenance of 225,000bpd Bonga floating production storage

  Shell completes maintenance of 225,000bpd Bonga floating production storage

Shell Nigeria Exploration and Production Company Limited (SNEPCo) says the 2022 Turnaround Maintenance (TAM) of the Bonga Floating Production Storage

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Nigeria fintech conference, eNaira anniversary… 7 top business stories to track this week

  Nigeria fintech conference, eNaira anniversary… 7 top business stories to track this week

Here are the seven top business news you need to track this week — October 24 to October 28 2022

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NNPC sets up new contract deal as crude volumes fall short of DSDP arrangement

  NNPC sets up new contract deal as crude volumes fall short of DSDP arrangement

Dwindling crude production has forced the Nigerian National Petroleum Company (NNPC) Limited to set up a new contract deal with

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