NIGERIA’S $16 BILLION OIL PROJECT
Nigeria will now produce 200000 extra barrels of oil per day within a few months. … READ MORE … source
Nigeria plans 60% local refining capacity before the end of the year
Nigeria: refining capacity Nigeria is a giant oil producing nation with four oil refineries yet largely depends on oil imports. pipeline vandalism has become a drain on the nation’s economy….…
Niger Delta Avengers call for ceasefire [The Morning Call]
The Niger Delta Avengers in Nigeria have agreed to a ceasefire, expected to bring an end to the multiple invasions and sabotaging of oil fields in the oil rich south…
Oil prices to remain low – IEA
The International Energy Agency, IEA, has warned oil prices could fall further in 2016. In its forecast report released on Tuesday, the IEA said “it is very hard to see…
Row over Kenyan oil revenues threatens to delay production
Residents of Turkana, Kenya say they expect to see at least a third of oil revenues injected into development projects of the county. But government has different ideas.* Oil was…
World Bank to stop financing oil and gas after 2019 [The Morning Call]
The World Bank Group, says it will stop financing oil and gas exploration after 2019, in a bid to help combat climate change. The world bank group which includes the…