NNPC and NOSL commence oil production at OML 13, marking a significant increase in Nigeria’s oil production capacity and offering economic growth prospects.
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Nigerian Oil Industry
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NNPCL’s latest financials highlight a major shift towards trading, despite record profits, and challenges in upstream oil operations.
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Nigeria’s Port Harcourt refinery is on the brink of a historic restart, promising to reshape the nation’s oil industry and reduce dependency on imported fuels.
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Equinor’s strategic divestiture of its Nigerian oil fields, particularly the Agbami field, to Chappal Energies marks a significant realignment of its global operations.
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Oando Plc, Nigeria’s leading indigenous energy firm, has recently partnered with Afreximbank to facilitate a major acquisition. They signed an $800 million loan agreement to fully acquire the Nigerian Agip …