Thursday , September 20 2018
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Tag Archives: crude

Attacks on Eni & Aiteo pipelines reduces oil production by 140,000 barrels per day

Last week’s attacks by Niger Delta Avengers on oil pipelines belonging to Nigerian Agip Oil Company (NAOC) and Aiteo have reduced Nigeria’s daily crude oil production by 140,000 barrels The combined figure was revealed separately by spokespersons of the two companies on Sunday According to Eni, the parent company of Nigerian Agip Oil Company (NAOC),  the oil firm’s production had been cut …

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Kachikwu: Fuel shortage to gradually ease off

——--Says refineries operating at 60% but need $700m to upgrade to 90% Minister of State for Petroleum, Ibe Kachikwu, has said the lingering fuel shortages in major cities across the country would gradually ease off with coming on stream of refineries, which require about $700 million to upgrade and operate at 90 per cent capacity. Kachikwu, who noted this when …

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