Tag: crude oil
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...
NNPCL intercepts vessel with 800,000 litres stolen crude oil
A vessel conveying 800,000 litres of suspected stolen crude oil has been intercepted by a private security contractor engaged by the Nigerian National Petroleum...
Kyari: NNPCL ending crude oil swap contracts
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says the NNPCL is winding down crude oil swap contracts...
NNPCL nabs 6 oil thieves, destroys barge
The Nigerian National Petroleum Company Limited (NNPCL) says it has intercepted an illegal crude oil barge and arrested six suspected thieves in Warri, Delta...
Malami: Claim of $2.4bn oil loss baseless
The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, has dismissed claims that Nigeria lost over $2.4 billion revenue from...
Osinbajo: Those in charge of crude oil must be accountable for...
Vice President Yemi Osinbajo says tackling crude oil theft and sabotage remains a major concern of the Federal Government, stressing that those in charge...
NSA: Crude oil theft, biggest threat to Nigeria’s economy
The National Security Adviser (NSA), Maj.-Gen. Babagana Monguno (Retd), says crude oil theft is arguably the biggest threat to Nigeria’s economy currently.
Monguno said this...
NUPRC opens bid round for seven offshore oil blocs
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the Mini Bid Round 2022 for new crude oil exploration and drilling activities in the...
Minister: Nigeria loses 700,000 barrels of crude oil to thieves daily
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria loses at least 700,000 barrels of crude oil to thieves daily.
Sylva said this...
