News

Oil Price Rises To $46.23

Oil prices edged up yesterday after two consecutive days of losses, with gains capped by returning supplies from Nigeria and Libya. There are unconfirmed expectations that Nigerian crude supplies could …

Azikel Refinery to Commence Operations in 2018

Dr. Eruani Azibapu, a Nigerian businessman who signed into existence Azikel Refinery with Ventech Engineering LLC in Houston Texas, has expressed optimism that the project would come on stream in …

Nigeria Oil Production Up to 2.1M Barrels Per Day

Nigeria’s oil production is nearly back to normal following a sharp drop earlier this year due to rebels attacking pipelines, the oil minister said Tuesday. “The reality is that as …