Japan, the world’s biggest liquefied natural gas importer, bought the largest share of Nigeria’s LNG exports last year, data from the World Oil and Gas Review 2014 has shown. Between the 2011 Fukushima nuclear disaster and May 2012, Japan shifted heavily towards LNG as it shut down all of its nuclear reactors. Nuclear generation in […]
The Federal Government has said that investment in the downstream sector of the nation’s oil industry has hit over N60bn. Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Farouk Ahmed, who disclosed this at a forum in Lagos, said several thousands of employment opportunities are also being generated to march the level of […]
Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has called for the establishment of a Pipeline Protection Agency, PPA, to monitor and secure the nation’s pipelines from vandals, who have been inflicting economic damage on the nation. President of NUPENG, Comrade Achese Igwe, who spoke at the union’s National Education Seminar in Enugu, said […]
Abuja (AFP) – Africa’s largest oil producer Nigeria on Sunday announced a cut in petrol prices, a month before the country votes in presidential and parliamentary elections. Oil minister Diezani Alison-Madueke told an evening press conference that the price of a litre of petrol would drop from 97 naira to 87 naira (47 US cents) […]