Nigerian Petroleum Development Co., the upstream arm of state oil company NNPC, Monday announced a $5.2 billion, four-year investment plan aimed at raising oil production to 300,000 b/d mainly from assets acquired from foreign oil companies ...
Tags: Oil Output, Metallurgy
Platts margins reflect the difference between a crude's netback and its spot price. Netbacks are based on crude yields, which are calculated by applying Platts product price assessments to yield formulas designed by Turner, Mason & Co. ...
Tags: Gas, Refining Margins
India and Nigeria need to have closer ties in the textiles sector, Nigeria’s Minister of Industry, Trade and Investment Olusegun Aganga said during a meeting with business delegates from India in Lagos recently. Mr. Aganga said ...
Tags: cooperat, import tariff structure
Africa's biggest oil producer seeks balance between its profits and benefits in emerging markets such as China As Nigeria's government prepares to implement the Petroleum Industry Bill that will provide "long-term" investment prospects, ...
Tags: oil producer, Mineral
On 10th December, closing ceremony of JAC vehicles' test drives was grandly held in Sheraton Hotel Club, Lagos, Consulate-General of China in Lagos Nigeria Mr.Guo and Mr.Xie, representatives of Lagos Transport and Communication Committee, ...
Tags: Vehicles, Transportation, Car, Truck, Auto
US-based food security company Blumberg Grain has been awarded a project by the Nigerian Federal Ministry of Agriculture and Rural Development to expand food security and storage in the African country. The new project will see deployment ...
Tags: Blumberg, Food Security
Senegal hopes to find shale gas in its onshore Paleozoic Basin in the next two years having awarded exploration licenses to international companies, the head of state-owned Petrosen said Thursday. The west African nation, already a small ...
Tags: Shale Gas, Metallurgy
OPEC crude production continued its downward trend in November as a new series of output disruptions took hold in Libya and lower volumes from other member countries outpaced an increase of 192,000 b/d in Iraq, monthly estimates from the ...
Tags: Crude Output, Metallurgy
Petrofac, the international oil and gas services provider, together with African independent oil and gas company Taleveras Energy Resources Limited (“Taleveras”), announce that they have signed a five year Memorandum of ...
Tags: mineral, cooperation
Offers for Chinese ADC12 aluminum alloys have dropped in the last two days ahead of the close of Toyota Motor's tender seeking 10,000 mt/month of molten aluminum alloy and ingot for January-March 2014 on Monday, Japanese traders said ...
Tags: Aluminum Alloy, Toyota
The National Directorate of Employment (NDE) in Nigeria has announced that over 150,000 persons have benefitted from its skill acquisition training program since its inception in the northeastern state of Adamawa. The skill acquisition ...
Tags: Garment, Apparel, Accessories
At the recently held China Commodities Expo (Nigeria) China Pavilion, Sinotruk together local distributors displays its HOWO truck, which is regarded as an important measure to explore Nigerian and West African market. Sinotruk HOWO light ...
With cement manufacturers in Nigeria rapidly ramping up cement production capacity, Nigeria is now the biggest Sub-Saharan Africa manufacturer of the commodity. According to a Renaissance Capital (Recap) report on the cement industry in ...
Tags: Nigeria, upstage, South Africa, Cement Production
The global oil market is currently well supplied but growing demand pressures and ongoing disruptions in some OPEC producing countries could soon reverse a recent spate of softer oil prices, the International Energy Agency said Thursday. ...
Tags: Oil Prices, oil market
West Africa is experiencing a surge in piracy, with well-organised hijackers targeting the region's growing oil and gas industries, writes national security expert Dr James Jay Carafano in World Review. Although efforts to combat crime at ...
Tags: pirate, plunder, West Africa, oil, gas