| Nigeria Oil Industry News |
The Nigerian Oil Industry is the mainstay of the country's economy,
producing over 90% of of all foreign exchange revenue. Crude reserve
estimates vary, but were estimated in 2005 to be about 35.3 billion
barrels. New discoveries continue to push these estimates up yearly.
Commercial discoveries made by oil majors such as Shell, Exxon-Mobil
and Texaco have also helped generate more interest in the region.
Most of Nigeria’s crude oil production, comprising 10 major
crude streams (including condensate), is light sweet crude, API grades
21-45, with a low sulphur content. Nigeria's marker crudes on the
International oil market are Bonny Light and Forcados.
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| Current Nigerian Oil Industry
News |
Updated :
Print [-] [+] Font Size E-Mail Alerts Tell a Friend Got a Question? You Report Click-2-Listen ABUJA, Nigeria | Nigeria, Algeria and Niger have signed an agreement to build a $10 billion pipeline that would ship gas across the Sahara Desert to Europe ...
Publ.Date : Sat, 04 Jul 2009 01:37:00 GMT
Oil prices rose to near $70 a barrel Monday on news that militants in Nigeria attacked an offshore oil platform belonging to Royal Dutch Shell PLC. Traders also were awaiting a fresh batch of economic indicators due later this week for signs of ...
Publ.Date : Mon, 29 Jun 2009 14:15:00 GMT
Oil steadied at above $69 a barrel on Monday, after falling over a dollar in the previous session, as the market eyed the release of several key economic indicators for directions. Oil fell 1.5 percent on Friday, pressured by weakness on Wall Street ...
Publ.Date : Sun, 28 Jun 2009 00:54:00 GMT
Abuja, July 04: Three African countries on Friday signed an accord to build a USD 10-billion trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe. The project will convey gas destined for the European market more than 4,000 ...
Publ.Date : Sat, 04 Jul 2009 03:32:00 GMT
The main militant group in Nigeria's Niger Delta says it has attacked an oil facility, the second attack since a government amnesty offer last Thursday. Royal Dutch Shell said it was stopping some production as a precaution after reports of an attack ...
Publ.Date : Mon, 29 Jun 2009 14:22:00 GMT
Nigeria's main oil militant group has claimed to have carried out a new attack in the Niger Delta, hours after the president offered an amnesty. Mend says it attacked an oil field run by Royal Dutch Shell, following a military raid on a village ...
Publ.Date : Fri, 26 Jun 2009 00:56:00 GMT
The plan comes as Europe seeks new sources of gas imports. It currently depends on Russia for much of its needs. The project was approved by energy ministers from all three governments, said Mohammed Barkindo, managing director of Nigeria's state ...
Publ.Date : Sat, 04 Jul 2009 01:37:00 GMT
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| Nigerian Oil & Gas
Industry Links |
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United States Government
United States Department of Energy - Energy Information Administration
- Country Brief - Nigeria
CIA
World Factbook on Nigeria
U.S.
State Department's Consular Information Sheet - Nigeria
Associations and Institutions
Nigerian
National Petroleum Corporation
Governmental Agencies
Nigerian Goverment
Bureau of Public Enterprises
Nigerian Embassy in the US
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