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Wednesday, June 23, 2021
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CATEGORY

Energy

OPEC+ Discussing Gradual oil Output rise from August

OPEC+ is discussing a further gradual increase in oil output from August as oil prices rise on demand recovery, but no decision had been...

Oil Hits 3 Year High As Bank of America Now Sees Spike To $100

Oil prices are rallying, facilitated by the ongoing failure of the Iran nuclear talks to reach a deal (which is widely expected to boost...

NDDC has Failed, Not Living up to Responsibilities, Obaseki Insists

The Edo State Governor, Mr. Godwin Obaseki, has restated that the Niger Delta Development Commission (NDDC) is not living up to its responsibility of...

Egbin Power Seeks $1.8 billion to Expand Output

Nigeria’s Egbin Power Plc, the biggest in Africa’s largest economy, plans to raise $1.8 billion to more than double generation capacity as it seeks...

NLNG Train 7 $10bn-Investment Begins as Buhari Warns Against Delay

The President, Major General Muhammadu Buhari (retd.) has inaugurated the construction of the Nigeria Liquefied Natural Gas train 7 project and charged the company...

Barkindo Sees Upbeat Oil Outlook, With Oil Stocks Falling Further

OPEC and its allies expect oil inventories to fall further in the coming months, OPEC's secretary general said on Monday, suggesting efforts by the...

Russia & OPEC Ministers Blast IEA’s ‘Net Zero By 2050’ Plan

Russian Deputy Prime Minister Alexander Novak addressed the much anticipated decision-making at the upcoming OPEC+ conference set for August and the expectation that it...

Oil Hits Two-Year High as OPEC+ Bullish on Recovery

U.S. crude futures climbed to the highest in more than two-and-a-half years after the OPEC+ alliance forecast a tightening global market, while international efforts...

DPR Issues Award Letters to Successful Marginal Field Investors

The Department of Petroleum Resources (DPR) has issued award letters to successful investors in the 2020 marginal field bid round programme.The letters were issued...

NNPC To Acquire 20% Equity Share In Dangote Refinery

The Nigerian National Petroleum Corporation (NNPC) has said that it plans to acquire a 20% minority equity stake in Africa’s biggest oil refining facility,...

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