Tag: crude oil
Troops recover 5m litres stolen crude oil from thieves
The troops of the Nigerian Army have seized about 5 million litres of stolen crude oil worth billions of naira from oil thieves in...
Oil theft: Navy arrests 23 ships, confiscates N105bn petroleum products
The Nigerian Navy (NN) said its operations against oil theft in 2023 led to the arrest of 23 ships, over 233 suspects, 690 wooden...
Dangote Refinery takes delivery of 1m barrels of crude from NNPCL
Ahead of the commencement of production of refined petroleum products, Dangote Refinery has received an additional one million barrels of bonny light.
The crude was...
NNPCL targets 2m barrels of crude oil daily production in 2024
The newly appointed Board and Management team for the Nigerian National Petroleum Company Ltd (NNPCL) on Monday pledged to produce two million barrels of...
NNPCL: Crude oil production, price benchmark for 2024 budget realistic
The Nigerian National Petroleum Company Limited (NNPCL) has assured that the projections on crude oil production and price benchmark for the 2024 budget were...
Shell supplies 1m barrels of crude oil to Dangote Refinery
Dangote Petroleum Refinery and Petrochemicals plant has purchased one million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO).
The...
NNPCL: Russia-Ukraine war affecting Nigeria’s crude oil inflow in markets
The Nigerian National Petroleum Company Limited (NNPCL) says the lingering Russia-Ukraine war has impacted Nigerian crude oil inflow in the international oil market.
The NNPCL...
NNPC/Aiteo launches Nembe crude oil, commences two 950,000 barrels cargoes export
The NNPC/Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade, into the international crude oil market.
The...
FG increases oil output to 2m bpd December
The Federal Government has announced plans to increase crude oil production to two million barrels per day (bdp) and beyond by December 2023.
The Minister...
Nigeria loses $4m crude oil daily – Ribadu
Despite efforts to end oil theft, Nigeria is still losing 400,000 barrels of crude oil daily to local and international thieves.
The government put the...
