Browsing: crude oil

The NNPC in a release by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that petroleum receipts for the month reflected crude oil earnings of $230.65 million, with gas and miscellaneous proceeds standing at $75.97 million and $71.80 million respectively.

A God-fearing person, he had gone for a programme in Arabic Studies in Egypt upon retirement to know Allah more and to serve Him by preaching His marvellous works. This writer got close to him, when without any previous contact, he responded to his message to share some information within five minutes. The communication continued, getting more and more personal until his words, which were filled with wisdom, were silenced by circumstances that led to his death.

Nigeria recorded crude oil and gas export sale of $434.85 million in January 2020, an increase of 94.30 per cent pitched against the December 2019 figures, the Nigerian National Petroleum Corporation’s Monthly Financial and Operations Report released on Wednesday in Abuja has stated.

Ministers of the OPEC+ countries agreed in a video conference on Sunday to boost oil prices by cutting production by 9.7 million barrels a day for May and June, Mexico’s Energy Minister Rocio Nahle tweeted.

It is a sad commentary that the Niger Delta people face the paradox of having an amazing wealth in crude oil but are buffeted by a whirlwind that has choked genuine efforts to turn around the situation in a region that is bare in human capital and infrastructural development.