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India looks to other markets for oil as Nigeria battles with production

India, the biggest buyer of Nigeria’s crude oil is currently scouring other markets for crude as its state-owned refineries look to meet annual output targets. According to an official who spoke to Bloomberg, most of India’s 23 refineries operated at above nameplate capacity in January, and many are buying cargoes on the spot market to

NNPC GMD reveals how adulterated fuel was imported, names 4 oil companies involved

The Nigerian National Petroleum Company (NNPC) Limited has explained how the adulterated Premium Motor Spirit (PMS), otherwise known as petrol was imported into Nigeria from Belgium undetected as well as the oil companies that brought it in. This is coming a few hours after the Minister of State for Petroleum Resources, Timipre Sylva, indicated that

New Progress in EA Crude Oil Pipeline Project.

ALL is now set for execution of the East African Crude Oil Pipeline (EACOP) project after France’s TotalEnergies and the China National Offshore Oil Corporation (CNOOC) announced signing of Final Investment Decision (FID) at a historic ceremony held at Kololo grounds in Kampala, Uganda on Tuesday. The colourful event was witnessed by President Yoweri Museveni

South Sudan’s oil sector needs to become more transparent

By Alan Boswell South Sudan’s fortunes have always been tied to its oil. The discovery of oil in the late 1970s deepened tensions between the South Sudanese and the regime in Khartoum and fueled violence after the outbreak of Africa’s longest-running civil war as both sides vied to control the region’s oil fields. Oil then laid