Nigeria’s crude oil production took a hit in the first quarter of 2025, reflecting the impact of global price volatility and waning international demand as trade tensions intensify. According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), daily crude oil output averaged 1.40 million barrels per day (mbpd) in March — a decline…
The Management of Dangote Industries Limited has reiterated its stance that international oil companies (IOCs) continue to hinder the supply of crude oil to its 650,000-barrel-per-day refinery. Despite various interventions by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the management claims that challenges persist. In a statement released on Wednesday, Dangote Group expressed appreciation for…
Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources, has linked the reduction of crude oil production in the initial quarter of the year to challenges encountered with the Trans-Niger pipeline and maintenance operations conducted by certain oil companies. In a statement made by his media aide, Nnemaka Okafor, the Minister assured that these…
