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2016-06-28 18:00:00

NIGERIA'S OIL UP

NIGERIA'S OIL UP

 

NIGERIA OIL PRODUCTION 2015 - 2016

 

NIGERIA OIL GAS INFRASTRUCTURE

 

 

NIGERIA OIL GAS FIELDS

 

According to REUTERS, oil production in Nigeria has risen to about 1.9 million barrels per day (bpd), from 1.6 million bpd, due to repairs and more than a week having passed since a major pipeline attack in the Niger Delta, a state oil company spokesman said on Monday.

Militants who say they want a greater share of Nigeria's oil wealth to go to the impoverished Delta region have carried out a spate of attacks on pipelines in the last few months.

Nigeria, an OPEC member that was Africa's top oil producer until the attacks pushed it behind Angola, has seen production fall from 2.2 million bpd at the start of the year. Oil Minister Emmanuel Ibe Kachikwu said in early June that output had fallen to around 1.6 million bpd.

But on Monday, Garba Deen Muhammad, a spokesman for the Nigerian National Petroleum Corporation (NNPC), said oil production had risen to around 1.9 million bdp since last week.

"Production has increased because we are making repairs to damaged pipelines and installations. And we have not had any major attacks in recent times," he said.

The Niger Delta Avengers, the group that has claimed responsibility for most of the recent attacks on oil and gas installations last said it blew up a pipeline on June 16.

Last week, petroleum ministry officials said the government had agreed a one-month ceasefire with militants, but the Avengers said they had not agreed to a truce.

Muhammad also said Kachikwu was in China for a roadshow, which began on Sunday, aimed at raising around $50 billion of investment for Nigeria's oil industry.

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Earlier: 

NIGERIA WANT $50 BLN 

NIGERIAN OIL DOWN 50% 

SHELL LOWERS NIGERIA 

SHELL & NIGERIA CORRUPTION 

NIGERIA PAYS $2.1 BLN

 

 

Tags: NIGERIA, OIL, NNPC

Chronicle:

NIGERIA'S OIL UP
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

NIGERIA'S OIL UP
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

NIGERIA'S OIL UP
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

NIGERIA'S OIL UP
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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