Oil production has commenced at Oil Mining Lease (OML) 13 in Akwa Ibom, with the Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P) and...
Libya has displaced Nigeria to become Africa’s top oil producer, according to a new report by the Organisation of the Petroleum Exporting Countries (OPEC). After a...
According to the Organisation of Petroleum Exporting Countries, Nigeria is said to have generated $206.06bn in revenue from crude oil exports in the last five years....
Minister of State for Petroleum Resources Ibe Kachikwu said yesterday that Nigeria has lost $21 billion to oil Production Sharing Contact (PSC) in the 20 years....