Monthly Archives: February 2016

Nigerian crude oil grades languish on international market

Nigerian crude oil grades languish on international market
Nigeria’s Erha programme surfaced after weeks of delays that traders said related to a disagreement between state oil firm NNPC and the field operator, Reuters reports. Programmes for Erha were issued after several weeks of delay. Four cargoes will be loading in March and three in April, the programmes showed. NNPC also issued its official selling…
Read more

Petrol scarcity in the offing, as FG seeks to swap more oil

Petrol scarcity in the offing, as FG seeks to swap more oil
Nigeria is on the verge of another round of petrol shortages as the decline in oil prices have left one of Africa’s largest crude producers with fewer options for importing fuel, Reuters reports. Traders and local sources have warned that new petrol bookings have shrunk as importers cannot get the dollars needed to buy and…
Read more

Japan’s LNG imports from Nigeria drops

Japan’s LNG imports from Nigeria drops
Data released by Japan’s Ministry of Finance has shown that the Asian country’s imports of Liquefied Natural Gas from Nigeria fell sharply in January, The Punch reports. Japan’s LNG imports slid by 14.1 per cent year on year to 7.2 million metric tonnes in January, according to the data. Imports from Nigeria dropped 57.7 per cent…
Read more

LNG ABUJA 11 officially unveiled in South Korea

LNG ABUJA 11 officially unveiled in South Korea
The wife of the President, Mrs Aisha Muhammadu Buhari has unveiled a new vessel of the Nigeria Liquified Natural Gas company (NLNG) billed to add to the fleet of the organization, The Nationreports. While performing the “naming ceremony “in Seoul South Korea on Thursday, Mrs Buhari said the acquisition of the new vessel, named LNG…
Read more