Hopes of reviving refineries fade as FG begins fuel import from China
Contrary to claims by the Nigerian National Petroleum Corporation (NNPC) that fuel imports will end by early 2021, the country has resumed importation of petrol from China, the world’s top crude oil importer. According to data from the General Administration…
Rick Kennedy replaces Ewing as Chairman, MD of Chevron Nigeria Limited
Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV), has announced the appointment of Mr. Richard (Rick) Kennedy to the position of Chairman and Managing Director, effective November…
Chevron Nigeria gives reasons for reviews of workforce
Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the “NNPC/CNL JV”) together with its affiliates, confirms that it is reviewing its manpower requirements in the light of the changing business…
Ajaokuta-Kaduna-Kano pipeline: NNPC denies inflation of contract
The Nigerian National Petroleum Corporation on Monday dismissed the allegation that the Ajaokuta-Kaduna-Kano gas pipeline project was inflated by the sum of of $1.53bn. NNPC’s Group General Manager, Group Public Affairs, Kennie Obateru, said NNPC brought the accusation that the…
Crude Affreightment: NIMASA Revives Move to Change Terms of Trade
…Seeks new maritime security strategy The Nigerian Maritime Administration and Safety Agency (NIMASA) has revived efforts to change the Terms of Trade for the affreightment of Nigerian crude oil from Free on Board (FOB) to Cost Insurance and Freight (CIF)….
United Bank for Africa Provides $200 Million for Nigeria’s Petroleum
…Acts as Facility Agent Bank for Nigerian Commercial Banks in the $1.5 Billion Facility to Boost Nigerian Oil Production and Government Revenue The United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as Facility Agent…
