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2015-11-05 19:00:00

NIGERIA PAYS $2.1 BLN

NIGERIA PAYS $2.1 BLN

Nigeria's government has approved the payment of 413 billion naira ($2.1 billion) to oil marketers as outstanding payment for fuel subsidy claims, the state-run Nigerian National Petroleum Corporation (NNPC) said on Wednesday.

The government had not announced a payment to oil marketers in Africa's biggest crude producer since July. NNPC said it hoped the payment meant marketers would help to ensure the country "remains wet with petroleum products all year round".

Nigeria imports the bulk of the 40 million litres a day of gasoline and fuels that it consumes owing to a neglected refining system and operates a costly subsidy system to reimburse oil product importers.

An acute fuel shortage crippled Africa's most populace nation in April and May as fuel importers shut their depots to press their case for the payment of subsidy-related debts they said were owed by the then government.

That administration was run by Goodluck Jonathan, the predecessor of President Muhammadu Buhari who took office in late May.

Buhari, who has said he will keep the petroleum portfolio for himself in his cabinet, has been expected to review closely the subsidy scheme, which was revealed to have paid out over $6 billion in fraudulent claims in 2012.

reuters.com

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More: 

NIGERIA'S BIG OIL 

NIGERIA'S OIL CRISIS 

NIGERIA'S OIL CRASHING 

NIGERIA SELLS ASSETS

TOTAL SOLD NIGERIA: $ 1 BLN

 

Tags: NIGERIA, OIL, NNPC

Chronicle:

NIGERIA PAYS $2.1 BLN
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

NIGERIA PAYS $2.1 BLN
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

NIGERIA PAYS $2.1 BLN
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

NIGERIA PAYS $2.1 BLN
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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