Nigeria’s Oil Production Rises Despite Challenges
By DAYO ADESULU Year-on-Year Increase in Production Nigeria’s daily average oil production rose by 7.38% in December 2024, reaching 1.667 million barrels per day (bpd)...
Tag : OPEC
Nigeria Earns Only 5% Revenue From Crude Oil Exports, Expert Reveals
By DAYO ADESULU Despite being Africa’s largest crude oil producer, Nigeria captures only 5% of the total revenue generated from its crude oil exports, according...
OPEC commends Congo’s SNPC for progress in Natural Gas, CSR
BY LEVI JOHNSON During a meeting with the Republic of the Congo’s Société Nationale des Pétroles du Congo (SNPC) on Monday, Secretary-General of OPEC H.E....
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Nigeria’s Ministry of Petroleum Resources’ Delegation Holds Bilateral Meeting With Ministry Of Mines And Hydrocarbons Of Equatorial Guinea
H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea met with H.E. Timipre Sylva, Minister of Petroleum Resources of Nigeria at...
OPEC Fund Extends $50m For Poverty Reduction In Tanzania
The OPEC Fund for International Development (the OPEC Fund) has signed a US$50 million loan with Tanzania to finance the ‘Fourth Tanzania Poverty Reduction Project’....
African Energy Chamber Seeks African Producers To Extend Production Cuts
BY DAYO ADESULU As OPEC prepares to host the 179th Meeting of the OPEC Conference and 11th OPEC and non-OPEC Ministerial Meeting via videoconference next week,...
COVID-19: Time For Nigeria To Start Looking Beyond Oil- Expert
BY DAYO ADESULU NIGERIA- A development and governance expert, Dr Chiwuike Uba, has expressed satisfaction with the decision of the Organisation of Petroleum Exporting Countries...
African Energy Chamber Urges OPEC To End Oil Price War
BY DAYO ADESULU African Energy Chamber has urged Organization of the Petroleum Exporting Countries (OPEC) to reach a deal on ending Oil Prices War. The...
Top Producing OPEC Countries Will Stabilize Oil Price – Sylva
Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva related his conversation with Saudi Energy Minister, Prince Abdulaziz bin Salman. Sylva stated that the top...
Global Oil Price: Our Chinese Industrial Data Determines Rise And Fall
Oil prices fell on Monday after strong gains last week as data released in China reinforced signs that its economy is slowing, although progress in...