Crude Oil News in Nigeria

West Africa Oil Floods to Asia in Latest Sign of OPEC Impact
1/31/2017 - West African oil producers this month will send the most crude to Asia in at least five years, the latest sign of how refineries in the world’s biggest demand region are scouring the world to replace ...
Nigeria Considers Importing Crude Oil from Niger Due to Militant Attacks
11/26/2016 - Nigeria, typically Africa's biggest crude oil producer, is considering importing crude from neighbouring Niger due to militant attacks on pipelines in the Niger Delta that feed its refineries, a state...
Nigeria's Sahara Pumps 1st Oil, Expands Trade East
6/9/2012 - Sahara Group has started pumping its first crude oil and plans to expand trading activities in the Middle East and Asia, the chief executive of its trading division said, as the centre of world oil de...
Nigeria Extends Term Crude Deadline
4/30/2012 - Nigerian National Petroleum Corp (NNPC) has extended the deadline for companies to submit applications for 2012-2013 crude oil term contracts to May 11 from April 5. ...
Nexen Provides Usan Field Operations Update,Offshore Nigeria
4/26/2007 - The Usan field development, located in Nigeria on offshore Block OPL-222, continues to progress toward project sanction. The project will have the ability to process an average of 180,000 bbls/d of oi...
Iran Oil Min: Global Oil Stocks Not Balanced Enough
12/15/2006 - Though there has been a drop in global oil inventories in the industrialized world, the oil market isn't fully balanced yet, Saudi Oil Minister Ali Naimi said Thursday. Iran's oil minister, who expres...
Iran OPEC Gov: OPEC Leaning to Cut Output at Dec Meeting
11/22/2006 - Members of the Organization of Petroleum Exporting Countries are leaning towards a further output cut when the group next meets Dec. 14 in Nigeria, Iran's OPEC governor said Wednesday. Hossein Kazempo...
OPEC Pres Admits Lack Of Output Cut Compliance
11/21/2006 - OPEC President Edmund Daukoru conceded in a newspaper interview Tuesday that some members of the oil producer group weren't complying with a 4% cut in its crude production, reinforcing the skepticism ...
Nigeria to Offer 56 Oil Blocks in Next Bidding Round
11/6/2006 - Nigeria will offer 56 crude oil blocks in its next round of bidding.The country will make an announcement on the blocks very soon , Nigerian Oil Minister Edmund Daukoru said during his visit to Seou.<...
China Set for Nigeria Oil When Output Restored
11/6/2006 - China will head the queue for more crude oil imports from Nigeria if output from Africa's biggest producer swells in line with hopes to 4 million barrels a day within two years, said Nigerian oil mini...
Shell Restarts 18,000 B/D Eastern Niger Delta Oil Output
10/9/2006 - Royal Dutch Shell PLC's Nigeria unit has restarted an 18,000 barrel-a-day crude oil flow station in the Niger Delta, a company spokeswoman said Monday. "The 18,000 b/d from the Cawthorne Channel in th...

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