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 Nigerian oil

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Sat. March 13, 2010

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... caused a free-fall in its quoted price. Dangote controls much of Nigeria's commodity trade, including rice, salt, cement, textiles, vegetable oil and sugar.
On February 18, oil traders mistaking Niger for Nigeria began buying up crude oil contracts on the expectation that political upheaval in oil-rich Nigeria ...
CNN
The move brings to $3 billion the total amount of Nigerian oil savings that Jonathan has approved for disbursal to the country's 36 states and government ...

The Organization of Petroleum Exporting Countries will uphold its target of 24.845 million barrels a day when it meets in Vienna on March 17, ...
Nigeria's 1969 Petroleum regulations require unitization if it is in the national interest for the grantee, Licensee, or lessee to secure the maximum ...
Union Bank of Nigeria rose 5 percent today to 6.51 naira, an 11 percent gain for the week. The exchange's Banking Index posted its largest five-day advance ...
Also present at the meeting were Minister of Petroleum, Rilwanu Lukman, Minister of State for Petroleum, Odein Ajumogobia, and Presidential Adviser on ...
Oil and gas giant, Shell Petroleum Development Company of Nigeria, SPDC, has shut down its gas plants at Sapele and Oben saying it was a temporary measure ...
He told the lawmakers that the only solution for improving petroleum supply in the country is for the nation to embrace deregulation of the oil sector. ...
The nation's bill for imported petroleum plunged 5.4% in January to $25.41 billion, despite a higher average price for a barrel of oil. ...
Lower charges on new smaller fields could unlock more potential from Nigeria's oil and gas reserves and the government hopes it will see the emergence of ...
The unit operates a joint venture in which the state oil company, Nigeria National Petroleum Corp., holds a 55 percent stake. ...
The judge had also ruled that the Federal Inland Revenue Service (FIRS), Federal Ministry of Petroleum Resources, ChevronTexaco In Nigeria, Petrobras in ...
Meanwhile, Nigeria may seek to increase its OPEC oil production quota if output remains free from militant disruption, an official from the Nigerian ...
Nigeria's production limit as a member of the Organization of Petroleum Exporting Countries is about 1.67 million barrels of crude oil a day. ...
Optimism about the economy, new tensions in oil-producing Nigeria and reports that China intends to build up its strategic reserves lifted crude prices to ...
A few days later, oil flow stations in Nigeria's Niger Delta were attacked by militants who called on international oil companies to leave the region ...
This action has the potential to liberate over 20 million Nigerian farmers from poverty. Before the discovery of crude oil in Nigeria, agriculture was the ...
The American ambassador to Nigeria, Robin R. Sander who spoke on the current leadership crisis in Nigeria's presidency at the Petroleum Club in Lagos ...
India has trailed China in the quest for oil. CNOOC bought a stake in a Nigerian oil field for $2.7 billion in 2006 after India's government blocked ONGC's ...
Removal of the petroleum subsidies might be good for the economic development of a true market economy. Nigeria can benefit by making sure that it does not ...
Nigeria's output fell by 85000 barrels per day to an average of 1.94 million bpd in ...
Nigerian media reported troops cordoned the airport as Mr Yar'Adua was bundled into an ambulance. This, although earlier Nigeria's ambassador to Saudi ...
The company was represented at the just concluded Nigerian oil and Gas (NOG) 2010 conference in Abuja. The company's Vice President Corporate Development Mr ...
Yemi Kosoko, a reporter with the independent Nigerian news network Channels, told The Associated Press on Sunday that most of the bodies appeared to be ...
In October 2009, a Nigerian oil and gas company, Oando Plc was selected to partner with the Ghana National Petroleum Corporation (GNPC) to develop the ...
Nigeria's petroleum ministry says the new law will recoup nearly $300 million a month in lost tax revenue. But oil firms say it will make future exploration ...
On Tuesday, industry group the American Petroleum Institute reported a rise of 2.7 million in crude oil inventories. On the corporate front, a Nigerian oil ...
kidnappings are relatively common in Nigeria's restive oil-rich south, where they originally targeted oil workers. However in recent months, ...
Nigeria: The central bank of Africa's biggest oil producer holds a foreign-exchange auction. The naira strengthened less than 0.1 percent o 150.35 against ...
The Niger and Nigerian crisis is oil generated and not a single Marshal to marshal corrupt oil companies who have left Nigeria in an "environmental ...
If this is allowed to gain unenviable foothold, certainly Ghana would be no different from Nigerian. This is an indirect but crucial contribution to ...
They demand that the federal government send more oil-industry funds to Nigeria's southern region, which remains poor despite five decades of oil production ...
Nigeria's Niger Delta region is a fertile business environment where multinational oil companies make millions of dollars yearly. ...
Jonathan is a Christian from the oil-producing Niger Delta and Nigeria's top leadership positions are shared in a delicate balancing act aimed at preserving ...
Nigeria's output fell by 85000 barrels per day to an average of 1.94 million bpd in ...
Oil has been a tremendous asset in helping Norway and its citizens become more affluent, more educated and more economically resourceful. Nigerian oil has ...
For sustainable democracy in the country, they called for full implementation by the Nigerian government of the report of the electoral reforms panel headed ...
Renewed uncertainty over Nigeria's leadership could again hold up decision making in Africa's most populous country and risk a return to attacks by ...


 


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