The import of Nigeria’s crude oil by the United States increased by 32.1 per cent to 52.36 million barrels in the first half of this year, compared to the same period in 2016, The Punch reports. The US Energy Information Administration, the statistical arm of the Energy Department, revealed in its latest data that the […]

The founder and Chief Executive, Dangote Group, Aliko Dangote, told attendees of the Financial Times Africa Summit in London that the refinery his company is building in Nigeria would save the country some $15 billion by cutting its need for imported fuel, The Nation reports. The refinery, which will have a nameplate capacity of 650,000 barrels per day […]

INTEGRATED energy group Aiteo, has proven itself as a significant player in the petroleum industry, taking bold steps in terms of investment and contributing meaningfully to the economy of the nation. The company, an indigenous player in the sector began from a humble beginning as an importer and exporter of petroleum products before it took […]

Efforts at creating a more conducive environment for Nigeria’s oil and gas sector will receive fresh impetus tomorrow as Vice President Yemi Osinbajo will lead an array dignitaries among whom are, Speaker of the House of Representatives, the Hon. Yakubu Dogara, industry experts and other dignitaries to a brainstorming session in Asaba, the Delta State […]