Global output was projected to grow at 3.1 per cent in 2013, the same rate as in 2012, owing to weak demand and growth in major emerging economies, persisting crisis in the Euro area, and weak expansion of the US economy. These factors, combined with improved supply of commodities, were […]
Tag: Crude Oil
Ministry, agency partner to fight oil theft, pipeline vandalization – Vows to curb crude oil theft in 2014
Press Release The increasing criminality in Nigeria’s territorial waters such as illegal bunkering, crude oil theft, smuggling, and piracy would will soon be a thing of the past as federal government and its agencies has vowed that it be effectively curbed in the next one year. Lt-Col. Abu Kefas (rtd), […]
Nigeria’s NNPC hasn’t accounted for $50 bln in oil sales – cbank
* Oil revenue accounts for 80 pct of gov’t revenues * Probes have found state-oil firm to lack transparency * Nigeria is Africa’s 2nd largest economy, top oil producer Nigeria’s state-energy company NNPC hasn’t accounted for nearly $50 billion in revenue from the sale of crude oil which should have […]
