This came as the Dangote Petroleum Refinery in Lekki, Lagos, has successfully purchased its first shipment of one million barrels of Algeria’s high-quality light sweet Saharan Blend crude

Firms Imported Gas From US, Algeria In August – PPPRA             Of the 85,264.8 Metric Tonnes of Liquefied Petroleum Gas consumed in the country in August, 38,040.46MT were imported. The Petroleum Products Pricing Regulatory Agency stated in a statement made available to our correspondent on Thursday. The statement...

Nigeria, Six Others Account For 65% Global Gas Flaring – W/Bank       The World Bank on Wednesday said Nigeria and six other countries were responsible for two-thirds of global gas flaring. It said this in a statement titled ‘Seven countries account for two-thirds of global gas flaring’. The...

Oil Exploration Activities Decline, Threaten 40bn Reserves Target           Nigeria has recorded a significant 19.3 per cent decline in the level of oil exploration in the first 10 months of this year, a development which may be threatening the Federal Government’s plan to restore growth in...

OPEC, Russia Deal Raises Hope For Crude Oil         A fresh hope for oil producing countries such as Nigeria, and Algeria was raised at the weekend as oil prices hit the highest level since early March after major producers agreed to a cautious increase in output...

OPEC Seeks Oil Recovery, Continues Production Cut Talks       The Organisation of the Petroleum Exporting Countries will, on Tuesday, continue its discussion on the extension oil production cuts as it set its sights on “oil market stability in the interest of producers, consumers and the global...