FG Set to Boost oil Production to 2 million bpd

SENATOR Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), says Oando’s acquisition of Eni’s Subsidiary, Nigerian Agip Oil Company (NAOC) will ramp up crude oil production to two million barrels per day (bpd). The Minister said the Oando company has already increased production to more than 30,000 bpd sequel to …

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Reps Committee Demand Reversal of New Fuel Price

THE House of Representatives Committee on Petroleum Resources (Upstream) has demanded the reversal of fuel to old price, urging the Federal Government and the Nigerian National Petroleum Company Ltd. (NNPCL) to comply. Rep. Alhassan Ado-Doguwa, the Chairman of the committee in a statement in Abuja, described the hike in petrol …

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Fuel Scarcity: Why We Cannot Determine Petrol Price – Dangote

DANGOTE Petroleum Refinery has given reasons the company could not determine its petrol price. Anthony Chiejina, Group Chief Branding and Communications Officer, in a statement on Thursday, noted that PMS market was strictly regulated. This fact, he said, was known to all oil marketers and stakeholders in the sector, hence …

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BREAKING: Bandits Attack Kaduna Communities, Abduct 22

Unidentified gunmen, suspected to be bandits, have abducted 19 people in separate attacks in the Mani community near a factory in Rido Ward, Chikun Local Government Area of Kaduna State, and at Danhonu II, Millennium City, Kaduna. In the Mani community, the criminals reportedly kidnapped a woman and her three …

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EPL: Why I Left Chelsea – Gallagher reveals

FORMER Chelsea midfielder, Conor Gallagher, has said that the Blues’ inability to guarantee him a long-term future led him to leave Stamford Bridge for Atletico Madrid this summer. The England international also hit back at a suggestion that Chelsea new manager Enzo Maresca didn’t feel his profile suited his possession-heavy …

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Ghana Offers Bondholders Debt Swap in $13bn Restructuring

GHANA has officially invited holders of nearly $13bn in international bonds to participate in a debt swap as part of its ongoing restructuring efforts. The announcement, made on Thursday, follows months of negotiations and comes after a preliminary agreement with two bondholder groups. Bondholders have until September 30 to accept …

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