150,000bpd Oil Pipeline Closed For 61 Days - Aiteo   Aiteo Eastern Exploration and Development Company Limited has decried the attacks on its facilities, saying the Nembe Creek Trunk Line had been shut down for 61 days this year. The oil firm said in a statement that...

As Aiteo Shuts Pipeline, Nigeria's Oil Export Drop   The nation’s crude oil export has suffered a setback following the shutdown of the Nembe Creek Trunk Line, one of the major crude oil transportation channels used for export. The NCTL, which is 100 kilometres long and has...

The Nigerian National Petroleum Corporation (NNPC) has recovered $202 million outstanding obligations from AITEO Group.The Group General Manager (GGM), Group Public Affairs Division of the NNPC, Ndu Nghamadu, confirmed the payment in Abuja. Nghamadu explained that the revelation of the payment is in line with...