President Bola Tinubu has appointed the board and management team of the Nigerian National Petroleum Company Limited.
This was disclosed by the Special Adviser to the President, Media and Publicity, Ajuri Ngelale, via a tweet by the Special Assistant to the President on Social Media, Dada Olusegun, on Monday.
The statement read, “In compliance with Section 59 (2) of the Petroleum Industry Act, 2021, President Bola Tinubu has approved the appointment of a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL) with effect from December 1, 2023.”… Read the rest
The Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, says the construction of the Nigeria-Morocco Gas Pipeline Project which aims to link European market is expected to begin in 2024.
Under this project, Gas is expected to be transported through the participating countries, including Nigeria, Benin, Togo, Ghana, Côte d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, The Gambia, Senegal, Mauritania, and Morocco.… Read the rest
The price of crude oil fell on Monday as investors awaited the Organization of the Petroleum Exporting Countries (OPEC) meeting later in the week for an agreement to curb supplies into next year.
Brent crude futures fell 39 cents, or 0.5 percent, to $80.19 a barrel by 0728 GMT, while U.S. West Texas Intermediate crude futures were at $75.10 a barrel, down 44 cents, or 0.6 percent.… Read the rest