Posts Tagged ‘Monthly Oil and Gas Report’

Chinese Investment in Nigerian Oil at $16 Billion

C hinese investments in the oil and gas industry of Nigeria have reached $16 billion, according to a senior official at the Nigerian National Petroleum Corporation, but the industry needs even more to advance its production growth agenda. Vanguard quotes NNPC’s Group Managing Director Malla Mele Kyari as saying “To have investment of $16b in […]

NNPC Lost N241bn in 10 Months

The Nigerian National Petroleum Corporation, NNPC has announced a loss of N240.987 billion in its operations for 10 months, between January and October 2015. The NNPC, in its Monthly Oil and Gas Report for October 2015, also revealed that all its total sales proceeds from the export of crude oil and gas in October, amounting to $445.786 […]