Posts Tagged ‘crude oil supply’

Nigeria records highest oil theft rate in the world ~ NNRC Report

by Ikokwu Ikembaon October 19, 2019
The highest ever reported crude oil theft in the world has taken place in Nigeria with the country recording approximately 400,000 barrels per day (bpd) crude theft, a report showed. Mexico came second with approximately 5000 to 10000 bpd loss to oil theft. The report was the outcome of a study on oil theft carried […]

FG Enters Crude Oil Supply Agreement with India, receives $15Bn Upfront

by Breaking Timeson October 18, 2016
In the wake of continuing cash flow challenges facing the country, the Federal Government has agreed a deal with India for the supply of crude oil with the Asian country paying $15 billion upfront. The deal which was negotiated by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu in India yesterday is expected […]