Petroleum
As international tensions between Russia, Ukraine, and Western countries escalate, Indian Prime Minister Narendra Modi's meeting with Russian President Vladimir Putin has caught the attention of global capitals. In a conversation with Ukrainian President Volodymyr Zelensky, Modi conveyed a message that may shape the trajectory of the conflict.
Theft
Imo State Governor and Chairman of the Crude Oil Theft and Management Committee, Hope Uzodimma, announced that the committee is partnering with the Nigerian National Petroleum Company Limited (NNPCL) to enhance Nigeria's crude oil output. The goal is to achieve a production rate of three million barrels per
Exports
Mr. Abubakar Abba Bello, the Managing Director of the Nexim Bank, will speak to a gathering of young entrepreneurs and business owners, particularly in the agriculture and non-oil production value chain, as part of efforts to drive foreign exchange into the Nigerian economy. The event, organized by the youth wing
Navarro, Peter
The Trump administration has taken a tough stance against India, imposing a 50% tariff on Indian goods in response to New Delhi's continued purchase of Russian oil. Trade adviser Peter Navarro accused India of funding Russia's war in Ukraine and harming American taxpayers, claiming that India
Exports
Oman's non-oil exports are driving the country's foreign trade performance, with a 9.0% increase in the first half of 2025, according to official figures. Total merchandise exports reached RO 11.5 billion, with non-oil exports up to RO 3.26 billion, driven by mineral products,
Exports
Nigeria's economic engine, fuelled by crude exports since 1956, is at a crossroads. Growing climate concerns and volatile global oil prices necessitate a strategic shift toward sustainable and resilient economic models. One viable option is agro-industrialisation, leveraging the country's vast cocoa resources. With Nigeria ranking among
Exports
Russia has revised its crude oil export plans, increasing them by 200,000 barrels per day due to Ukrainian attacks on Russian energy facilities. The Ukraine strikes have resulted in the shutdown of 10 refineries, representing 17% of national processing capacity, or 1.1 million barrels per day. This has
Petroleum
India's purchases of discounted Russian crude oil show no signs of abating despite a 50% levy imposed by the US, highlighting the country's strategic priorities on energy security. While initial indications suggest a drop in imports from August, oil industry experts believe that Russian crude currently
Theft
The Nigerian National Petroleum Company Limited (NNPCL) has announced that the country's oil and gas pipelines are nearing 100% capacity utilisation, following a significant reduction in pipeline theft due to coordinated efforts between the country's defence and intelligence agencies. This achievement is a stark contrast to
Theft
African Defence Chiefs are gathering in Abuja to deliberate on strategies for addressing cross-border crimes, insurgency, and terrorism, with Nigerian National Petroleum Company Limited (NNPCL) warning that sophisticated international syndicates are driving crude oil theft in the country. The summit aims to develop new partnerships with the private sector to
Exports
The Ministry of Oil in Iraq has issued a statement confirming that all black oil marketing and export operations are subject to a precise and comprehensive regulatory system, under the direct supervision of the Oil Marketing Company. The statement comes in response to circulating inaccurate information related to export operations,
Theft
Nigerian oil production was in crisis just three years ago, with only 30% of crude pumped through pipelines making it to export terminals. However, thanks to intensified collaboration between defence and intelligence agencies, the situation has dramatically improved, with pipeline and terminal receipts now attaining near 100% capacity. This turnaround
