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IEA in the Oil 2018 envisaged that excess global refining capacity would grow. but Asian refiners need more crude.
Read More »IEA: OPEC Production Growth Depends on Stability in Nigeria. Libya. Iraq
Chinese Firms Build Sub-Sea Pipeline Installation in Nigeria
The 650.000-barrels-per-day refinery will come on stream by September 2019.
Read More »Nigeria takes $1 billion from oil savings to fight militants
Nigeria will take $1 billion from a special account for oil-revenue savings to boost its war against Boko Haram Islamist militants in the country’s northeast.
Read More »Libya. Nigeria Agree To Cap at Less Than 2.8 Million Bpd Total
OPEC was discussing ‘soft targets’ of around 1.8 million bpd for Nigeria and 1 million bpd for Libya.
Read More »OPEC Deal Calls on Libya. Nigeria to Produce below 2.8 mil b d Combined
Nigeria would support an output cap for itself at 1.8 million b d and would continue to be responsible with its production.
Read More »OPEC may Include Output Quotas for Nigeria. Libya
Libya and Nigeria. both OPEC member states are exempted from the obligation to cut production within the deal.
Read More »Russia Signs Nigeria to Build Nuclear Power Plant
Rosatom is seeking to build nuclear power plants in other countries on the continent including South Africa.
Read More »Iran Calls On OPEC to Sway Libya. Nigeria to Join Cut
Iran was also treated preferentially in the original negotiations.
Read More »OPEC Invites Libya. Nigeria to Committee Meeting Sep 22
Libyan output had also recovered to reach an average of 990.000 b d in July. its highest level in three years. up 180.000 b d in June. according to the latest S&.P Global Platts OPEC survey.
Read More »Pressure for Nigeria to Join OPEC Cuts to Rise as Oil Output Reaches Full Capacity
Nigeria'.s oil production. including crude oil and condensates. is currently at around 2.2 million to 2.3 million b d.
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