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Oil and Gas News

Subsidy: NNPC says FG owing it N170.6 billion in outstanding payments

OrientEnergyReview Feb 2, 2018 0

The Nigerian National Petroleum Corporation (NNPC) on Monday injected a fresh twist to the fuel subsidy controversy with a claim that the Federation Account was indebted to the corporation about N170.6 billion in unpaid arrears.…

OIL AND GAS

NNPC to build more depots nationwide

OrientEnergyReview Jan 23, 2018 0

The Nigerian National Petroleum Corporation on Monday announced that it would build more depots across the country. The Group Managing Director, NNPC, Maikanti Baru, disclosed the corporation’s plan to build more depots while…

OIL AND GAS

Against Skeptics’Expectation, a Balanced Oil Market Now In Sight, OPEC

OrientEnergyReview Dec 1, 2017 0

By Oge Obi The Organisation of Petroleum Exporting Countries (OPEC) Secretary General, HE Mohammad Sanusi Barkindo has said that against skeptics disbelief on its December 2016 Declaration of Cooperation agreement has not only yielded…

OIL AND GAS

Nigeria, not an oil economy-Adeosun

OrientEnergyReview Nov 7, 2017 0

Stories by Dirisu Yakubu with agency reports Nigeria’s Finance Minister, Kemi Adeosun has faulted the description of Nigeria as an oil economy as erroneous, saying the facts on ground contradict such claims. The minister stated this…