L-R: Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru and Assistant President and Board Member of the CNPC, Mr. Wang Shihong at the meeting. China National Petroleum Corporation (CNPC) has assured the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, of its unflinching commitment towards securing…
The English version of the book was launched in English in June 2017 at Africa Oil & Power 2017 in Cape Town, and has since become a huge hit in Africa and abroad LONDON, United Kingdom, August 9, 2018/ — A year after its release, the global momentum created by the bestseller on Africa’s oil…
Demand for Nigerian grades through various tenders this week has helped push diffs higher. A number of refiners have taken cargoes of Nigerian grades, largely Qua Iboe and Agbami, through tenders in the last week or so, after months of favouring U.S. or Middle East grades. Uruguay’s ANCAP, Indian refiners IOC and HPCL and Chevron…
The Department of Petroleum Resource (DPR) has explained the causes of adulteration of different petroleum products that are used as fuels. Speaking on the DPR Half Hour on Radio Nigeria, the Assistant Director, Safety and Environment, in charge of laboratory services and quality control, Agbada Jerome, confirmed that there is a marginal possibility of having…
Upcoming elections in oil producing states Nigeria and Libya may add a new twist to a familiar theme for OPEC. The oil exporting group’s strategy has repeatedly been adapted to suit the unpredictable political environment in these two African producers. Both were excluded from the 1.8 million barrels per day production cut deal agreed by…
The Governor of Edo State, Mr. Godwin Obaseki, is finalising investment decisions with partners in China for the development of the Edo Modular Refinery, Benin River Port and the Benin Industrial Park, on the sidelines of the 7th Summit of the Forum on China-Africa Cooperation. The governor is in China, with Nigeria’s President, Muhammadu Buhari,…
Nigeria’s peculiar challenges with inadequate electricity supplies to a good number of its citizens have led investors and operators to develop and adopt resourcefully tailored business models and renewable technologies to drive up access to electricity in the country, chief executive officer of All On, Dr. Wiebe Boer, has disclosed. Boer, said in the African…
Kainji and Jebba hydropower Generation Companies (GenCos), operated by Mainstream Energy Solutions Limited (MESL), have delivered an uninterrupted 24 hour electricity supply to seven firms labelled as ‘Eligible Customers’ with a cumulative 1,162.9 Megawatt Hour (MWH) energy capacity. A daily operational report for energy delivery obtained from the Independent System Operation (ISO) arm of the…
Nigeria is on the verge of a boom in mini power grids that could stimulate rural economies and bring jobs to frustrated youth thinking of leaving, researchers said on Wednesday. Less than half of all Nigerians and only about a third of those living in rural areas have access to electricity, according to the United…
The Off-Grid Energy Access Fund (OGEF) had its first close on Thursday, 2 August 2018 with committed capital of US$ 58 million from the African Development Bank, the Nordic Development Fund, the Global Environment Facility, Calvert Impact Capital and All On. The Fund is part of the Bank’s sponsored Facility for Energy Inclusion (FEI), a…