Organisation of the Petroleum Exporting Countries (OPEC) in Vienna on Monday re-elected Nigeria’s Mohammed Barkindo as Secretary-General for a three-year tenure. The oil bloc also approved a nine-month extension for the global oil cut. Barkindo, born 20 April 1959 in Yola, was first appointed August 1 2016. He previously served as OPEC Acting Secretary General […]
Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, Energy Minister Saad al-Kaabi announced on Monday. “Qatar has decided to withdraw its membership from OPEC effective January 2019,” Kaabi said at a Doha press conference. He added that Qatar would still continue to produce oil but would … Continue reading Qatar To Quit OPEC In 2019
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The New Delta Avengers are apparently named in a nod to the Niger Delta Avengers who last year crippled the OPEC member’s oil production. Crude oil sales account for two-thirds of government revenue.
The Federal Government on Wednesday said it would revoke licenses given to individuals and corporate organisations for private refineries but were yet to be utilised.
Oil and gas workers in southern Nigeria downed tools on Tuesday over the alleged non-payment of salaries, with the walk-out hitting production and threatening electricity supplies.
Russia’s energy ministry said Tuesday that OPEC and non-OPEC members would meet in Vienna Saturday following a decision to cut global oil output.
The police and Niger Delta Avengers (NDA) have made conflicting claims over the alleged blowing up, by the militants, of a pipeline owned by the Nigerian National Petroleum Corporation…
