As one of Africa’s top emerging natural gas producing markets, the Senegalese government has taken a proactive approach to ensure an attractive and enabling environment for investors, promoting energy diversification and expansion, and driving significant levels of investment into the sector. Due to demonstrated political will, Senegal has seen accelerated progress in recent years across
The Department of Petroleum Resources (DPR) will soon cease to exist once the board members of the Nigerian Upstream Regulatory Commission (NURC) swings into action. Senate President Ahmad Lawan stated this on Wednesday after the Senate confirmed the appointment of board members of the commission. NURC is one of the creations of the Petroleum Industry
The controversy surrounding the sale of OML 29 by Shell Petroleum Development Company of Nigeria to Aiteo Eastern Exploration and Production Company Limited in 2014 may be far from being over as Aiteo has again dragged Shell to court over what it alleged as “fraud, deceit and misrepresentation” in the sale. In a suit, FHC/ABJ/C8/738/2021,
The Federal Government’s recent move to borrow an additional $4.179 billion has been greeted with a massive outcry across the country, as economists and financial analysts warn against Nigeria’s rising debt profile and its repercussions for the economy. The most recent statistics published by the Debt Management Office revealed that as of March 2021, Nigeria’s
The amount spent on the importation of petroleum products into Nigeria in 2020 is $43.46bn higher than the revenue which the country earned from the export of petroleum products in the same year. In its 2021 report on the latest values of cs and imports of member nations of the Organisation of Petroleum Exporting Countries
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