Legit on MSN6d
Cost of producing crude oil in Nigeria increased to $40 per barrel - report
The cost of producing crude oil in Nigeria has risen to about $40 per barrel, according to a report by the Nigerian Upstream Petroleum Regulatory Commission.
The Punch Newspapers2d
Stakeholders worry as Nigeria spends N18tn on crude production annually
The PUNCH reports that Nigeria’s crude oil revenue rose to about N50.88tn in 2024 as data obtained from the NUPRC confirmed that Nigeria produced a total of 408,680,457 barrels of crude oil in 2024.
AllAfrica.com13d
Nigeria: Revitalising Nigeria's Energy Infrastructure
Nigeria's petroleum pipeline and depot system, crucial for crude oil and refined product distribution ... Another major landmark project is the most ambitious natural gas project in Nigeria's history, ...
Daily Journal9d
Nigeria moves to restart oil production in vulnerable region after Shell sells much of its business
ABUJA, Nigeria (AP) — The Nigerian government ... studies have found high levels of chemical compounds from crude oil, as well as heavy metals, in the delta, where the industry largely drives ...
LEADERSHIP Newspaper7d
Crude Price Instability Threatens Nigeria’s N36.35trn Revenue Projection
Nigeria’s economy faces significant challenges as crude oil prices remain volatile, jeopardising the federal government’s ambitious revenue target of N36.35 trillion for 2025. A report has ...