| Nigeria Oil Industry News |
The Nigerian Oil Industry is the mainstay of the country's economy,
producing over 90% of of all foreign exchange revenue. Crude reserve
estimates vary, but were estimated in 2005 to be about 35.3 billion
barrels. New discoveries continue to push these estimates up yearly.
Commercial discoveries made by oil majors such as Shell, Exxon-Mobil
and Texaco have also helped generate more interest in the region.
Most of Nigeria’s crude oil production, comprising 10 major
crude streams (including condensate), is light sweet crude, API grades
21-45, with a low sulphur content. Nigeria's marker crudes on the
International oil market are Bonny Light and Forcados.
Upstream Oil Industry Projects in Nigeria
Downstream
Oil Industry Projects in Nigeria |
| |
| Current Nigerian Oil Industry
News |
Updated :
SINGAPORE (Thomson Financial) - World oil traded below $126 on Monday after an inflow of investment funds helped push the price to another record high, analysts said. New York's main oil futures contract, light sweet crude for June delivery, was 31 ...
Publ.Date : Sun, 11 May 2008 00:50:00 GMT
LAGOS (Thomson Financial) - Unknown gunmen raided a police station in southern Nigeria's oil-rich state of Bayelsa and killed two police officers, a military spokesman said Tuesday. The gunmen also stole arms and ammunition during the attack at Okiki ...
Publ.Date : Tue, 13 May 2008 12:00:00 GMT
ABUJA (Thomson Financial) - The Nigerian government will investigate allegations that international oil companies operating in the upstream sector employ more foreigners than allowed by the law, an official statement said. Junior petroleum minister ...
Publ.Date : Tue, 13 May 2008 07:57:00 GMT
(GIN) -After a series of attacks on multinational oil companies in Nigeria's rich Delta region, an armed rebel group appears to be seeking a negotiated end to the conflict. In a letter purportedly addressed to U.S. President George W. Bush, the ...
Publ.Date : Tue, 13 May 2008 14:52:00 GMT
NEW YORK -(Dow Jones)- U.S. crude oil imports fell 9.3%, or 963,000 barrels a day, to 9.385 million barrels a day in March, preliminary data from the Energy Information Administration show Tuesday. March crude oil imports were the lowest in any month ...
Publ.Date : Tue, 13 May 2008 17:51:00 GMT
The question of what to do with the oil in Richland County has become more dominant in conversations in both the political realm and civilian realm. The point being, Richland County wants to "add value to our oil," as Mayor Bret Smelser said once ...
Publ.Date : Tue, 13 May 2008 20:07:00 GMT
Tehran: Iran crackdown on 'indecent' groups London: European stocks advance, Commodities: Oil price hits record high Alcohol: One third of pregnant women drink Indigenous: A-G launches rape sentence appeal Parliament: Lib, Nats merger to come under ...
Publ.Date : Mon, 12 May 2008 18:28:00 GMT
|
|
| Nigerian Oil & Gas
Industry Links |
|
United States Government
United States Department of Energy - Energy Information Administration
- Country Brief - Nigeria
CIA
World Factbook on Nigeria
U.S.
State Department's Consular Information Sheet - Nigeria
Associations and Institutions
Nigerian
National Petroleum Corporation
Governmental Agencies
Nigerian Goverment
Bureau of Public Enterprises
Nigerian Embassy in the US
|
