We want crude to be refined in Nigeria so that we can take advantage of the total value chain of crude oil conversion
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In 2009, Shell paid $15.5 million to victims’ families in the United States as settlements
Nigeria and Saudi Arabia are in partnership talks, which could lead to the construction of a new refinery and more investment
It had initially projected its output to be between 93,000 to 101,000 bpd and in the first three months of 2019
The sector’s potential for national development and wealth creation have not been harnessed.
An on-going case in Milan, alleges that roughly $1.1 billion was siphoned to agents and middlemen.
The agreement between OPEC and Russia on cutting supply to regulate prices could be relaxed in this period.
Nigeria still needs to break away from Oil and derive growth from other sustainable sources.
Gold continues to sparkle in the background amid the overall caution and Dollar weakness.
One of the major risks for the price of Oil in the second quarter is the increased probability that world economic forecasts for 2019 will be revised lower