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The Independent Petroleum Producers Group, IPPG, has lamented rising crude oil theft from its assets which is significantly threatening its huge investments currently put at over $10 billion.Chairman of the Group, Abdulrasaq Isa,…
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Queues resurfaced at fuel stations in parts of Abuja on Friday, prompting the Federal Government to warn depot owners to desist from raising the price of Premium Motor Spirit (petrol) above the approved rate.The queues reappeared…
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The Borno and Yobe state chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) at the weekend lamented on the inability of the Federal Government to pay the N6 billion outstanding bridging claims by the…
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“The CEO therefore, cautions marketers against hoarding and engaging in unwholesome practices that are inimical to the smooth supply of Petroleum” •Warns Marketers against price hike, hoardingThe Nigerian Midstream and…
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By Teddy Nwanunobi The House of Representatives has commenced a probe of the Nigerian National Petroleum Corporation’s (NNPC) $163 billion Joint Venture (JV) operations with oil companies.Saddled with the investigation, the…
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“Today the decision was reiterated to maintain current parameters which were decided on earlier" By Teddy NwanunobiThe Organisation of Petroleum Exporting Countries (OPEC) and its oil-producing allies have agreed to continue…
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By Teddy NwanunobiThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved an agreement reached between international oil companies (IOCs) operating in Nigeria, with the Nigerian National Petroleum Corporation…
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By Teddy Nwanunobi There are strong indications that the Upstream Petroleum Regulatory Commission (NUPRC), may not likely take further excuses from oil majors operating in Nigeria for not meeting the 2030 gas flare out deadline.…
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By Teddy NwanunobiGlobal energy company, Shell, has announced a new business line in Nigeria to expand natural gas marketing and sales to meet the rapidly growing energy needs of wholesale customers and provide more and cleaner…
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"This is as oil prices rose over $2, as the Brent crude sold for $84.14 a barrel, after it had dropped to $81/b on Wednesday" By Teddy NwanunobiThe Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) have…
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