By Aluta News Dec 26, 2023 The Nigerian Air Force (NAF), says the Air Component of Operation Delta Safe, on Dec. 23, destroyed six illegal oil refining sites in Opu Arugbana in Degema Local Government Area of Rivers. This is contained in a statement by the Director, Public Relations andContinue Reading
By Aluta News Dec 10, 2023 The National Agency (NOA) has commended Dangote Refining Company and the Federal Government for restarting local production of petroleum products in the country. Its Director General, Malam Lanre Issa-Onilu, in a letter of congratulations to the Ministry of Petroleum Resources, celebrated the delivery ofContinue Reading
By Aluta News Nov. 22, 2023 The Speaker of the House of Representatives, Mr Tajudeen Abbas, has inaugurated Special Committee on Oil Theft to tackle one of the largest threats to Nigeria’s economy. Abbas said during the ceremony on Wednesday in Abuja, that Nigeria was losing estimated 300,000 barrels ofContinue Reading
By Aluta News Aug 19, 2023 The Iranian Government has expressed its readiness to collaborate in developing Nigeria’s oil and gas downstream division. The Iranian Ambassador to Nigeria, Muhammad Alibak, made this known when he hosted Rep. Ikenga Ugochinyere (PDP-Imo), Chairman, House Committee on Downstream Petroleum and Rep. Aliyu MustaphaContinue Reading
By Aluta News April 27, 2023 The Minister of Justice and Attorney General of the Federation (AGF) Abubakar Malami has dismissed claims that Nigeria lost over 2.4 billion dollars revenue from alleged illegal sale of 48 million barrels of crude oil exported in 2015 to China. Malami faulted the allegationsContinue Reading
By Aluta News Dec. 17, 2022 Gov. Muhammad Badaru of Jigawa on Friday urged electorate to vote for All Progressives Congress (APC) during the 2023 general elections for the crude oil deposit in the state to be explored. Badaru, while addressing party supporters during the APC governorship rally in MalammadoriContinue Reading
By Aluta News Nov. 22, 2022 Some experts in Bauchi and Gombe have applauded President Muhammadu Buhari over successful commencement of oil exploration at Kolmani River Oil Field in the North-East region. The experts also urged the Federal Government to ensure strict compliance to the Petroleum Industry Act (PIA) andContinue Reading
By Aluta News Aug 18, 2022 Oil prices rose on Thursday as robust U.S. fuel consumption data and expected falls in Russian supply, later in the year, offset concerns that a possible recession in developed economies could undercut demand. Brent crude futures climbed $1.27, or 1.4 per cent, to $94.92Continue Reading
By Aluta News Mar. 28, 2022 As European countries look to wean themselves off of Russian energy, Moscow is looking to fill at least part of the gap by increasing oil exports to Asia. There is a market “in South East-Asia, in the East,” Kremlin spokesman Dmitry Peskov said onContinue Reading
By Aluta News Feb. 23, 2022 Whatever the consequences for Russia of the new sanctions that President Joe Biden announced on Tuesday, the invasion of Ukraine and ensuing global stand-off will further darken the outlook for the U.S. economy. Russian President Vladimir Putin’s decision to employ a so-called salami militaryContinue Reading
