Post Tagged with: "crude oil"

Nigeria’s unfavourable environment and economic recession may keep $50 billion oil fund trapped in reserves

November 7, 2016 6:51 am
Nigeria’s unfavourable environment and economic recession may keep $50 billion oil fund trapped in reserves

Oil refinery Enablers needed to push ExxonMobil to monetise fund The Federal Government has been going cap-in-hand begging for loans around the world, without making much success because of the global financial crunch. Besides, Nigeria’s economic recession make such venture even less viable, even as the country needs to spend […]

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Japanese companies give fresh boost to Iran market bid

October 19, 2016 1:13 pm
Japanese companies give fresh boost to Iran market bid

Japanese companies have stepped up oil imports from Iran since the lifting of sanctions. More Japanese companies, which halted oil purchases from Iran under Western sanctions, are seeking to resume imports, a new report says.  Marubeni, Sumitomo, Itochu and Kanematsu are some of the Japanese firms which are looking to […]

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Reuters reports say Iran’s oil exports hit pre-sanctions high

October 3, 2016 8:00 pm
Reuters reports say Iran’s oil exports hit pre-sanctions high

Oil market sources say Iran’s total exports of heavy and ultra light oil have reached pre-sanctions peak of around 2.8 million barrels per day. Reports say Iran has already been able to increase its oil exports to levels that existed before sanctions were imposed on the country in 2011.  Reuters […]

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Projects shelved as oil slumps

July 31, 2015 1:30 am
Projects shelved as oil slumps

 The plunge in oil prices has seen the deferral of 46 big oil and gas projects. Photo / Bloomberg The world’s big energy groups have shelved US$200 billion ($298 billion) of spending on new projects in an urgent round of cost-cutting to protect dividends as the oil price slumps for […]

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12 billion worth of crude, India turns largest importer of Nigeria crude oil- Envoy

January 6, 2015 5:51 am
12 billion worth of crude, India turns largest importer of Nigeria crude oil- Envoy

India’s Acting High Commissioner in Nigeria Kaisar Alam on Sunday said the trade volume between Nigeria and India reached 17 billion dollars from April 2013 to March 2014. Speaking in Abuja, he said India imported 14 billion-dollar worth of goods from Nigeria during the year while Nigeria imported three billion-dollar […]

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