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FG, Dangote set October 1 for naira crude sales

The Federal Government has finalized an agreement with Dangote Petroleum Refinery for the rollout of petrol in September 2024, with crude oil sales to...
International

India, UAE make landmark move to settle crude oil transactions in local currencies

India and the United Arab Emirates have started settling bilateral trade in their local currencies with India's top refiner making payment in rupees for...
Cover Stories

Nigeria’s elite stole N16.25 trillion crude oil in 12 years —NEITI

About 619.7 million barrels of crude oil, valued at $46.16 billion or N16.25 trillion, have been stolen in the last 12 years, Nigerian Extractive...
Education

Nigeria loses 700,000 barrels of crude oil to thieves daily – Minister

Nigeria loses at least 700,000 barrels of crude oil to thieves daily, Minister of State for Petroleum Resources, Chief Timipre Sylva said in Effurun,...
Local News

Stakeholders chart policies for midstream, downstream sector

Stakeholders in the oil and gas sector have advised the CBN to create a unique window of forex access to facilitate seamless operations of modular...
International

2022: Oil price hits $85/barrel

Oil price surpassed $85 a barrel for the first time in three months. On Wednesday, Brent crude futures, the global benchmark, rose 1.66% to $85.11...
International

Oil prices near $80, as Buhari sign 2022 budget with $60 per barrel

Oil prices posted the first gain in 2022, edging towards $80 a barrel ahead of the meeting of the Organisation of the Petroleum Exporting...

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