Nigeria
A variety of factors are discouraging LPG imports, which account for 65% of the market.
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A variety of factors are discouraging LPG imports, which account for 65% of the market.
The rising cost of gas will have several effects on an average Nigerian
This decision potentially increases Nigeria’s crude oil output to 1.829 million barrels per day by April 2022.
Some of the lease winners include: Matrix Energy, AA Rano, Andova Plc, Duport Midstream, Genesis Technical, Twin Summit, Bono Energy, Deep Offshore Integrated, Oodua...
Analysts had predicted a draw of 2.114 million barrels for the week.
The firm didn’t offer any information about how it plans to structure the deals or pay for the stakes.
Rising oil prices bodes well for the Nigerian budget, given its benchmark price for crude-oil for the 2021 fiscal year.
This was disclosed by CEO, Ben van Beurden on Tuesday, at the Company’s annual meeting.
The revenue to be earned by Nigeria has come under further threat due to India’s drop in crude oil importation.
According to the Central Bank of Nigeria’s annual report for 2018, Nigeria’s excess crude account fell from $2.45 billion in 2017 to $480 million...