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2017-05-06 16:55:00

NIGERIAN OIL: 2 MBD

NIGERIAN OIL: 2 MBD

TOGYNigeria's oil production level has recovered to 2 million bopd, Nigerian National Petroleum Corporation (NNPC) Group Managing Director Maikanti Baru said late on Tuesday.

Speaking to reporters in Abuja following a meeting with President Muhammadu Buhari, Bari said the relative calm across the Niger Delta had facilitated the increase in output.

In related new on Wednesday, the NNPC official representing Bari at the the Offshore Technology Conference in Houston, Saidu Mohammed said that the company had courted Chevron and Total to construct power plants at Obite and Agura.

Also present in Houston, Minister of State for Petroleum Resources Emmanuel Kachikwu said the country had begun repaying IOCs its cash call debt over 2016, but stressed that this was a separate repayment scheme from the USD 5.1-billion settlement with Chevron, Eni, ExxonMobil, Shell and Total on exploration and production costs.

"We eventually agreed to pay several tranches; $400m out of that for the first tranche and then, the remaining $700m paid in monthly instalments for a period of one year. In other words, that will roughly be about $60m or $70m every month after the first $400m," the minister said.

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Earlier: 

WBG - AFRICA'S ECOMOMIC DIFFICULTIES 

IMF HAS NIGERIA 

INDIA - NIGERIA: MORE OIL 

NIGERIAN OIL CRISIS 

NIGERIA INTO RECESSION

 

 

Tags: NIGERIA, OIL, PRODUCTION

Chronicle:

NIGERIAN OIL: 2 MBD
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.

NIGERIAN OIL: 2 MBD
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.

NIGERIAN OIL: 2 MBD
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.

NIGERIAN OIL: 2 MBD
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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