Army Uncovers 3 Million Litres of Stolen Crude Oil Stored in Reservoirs in Rivers Forest
The Nigeria Army has uncovered 14 illegal crude oil reservoirs and 49 boilers in a dense forest in Odagwa Etche, Rivers State. The reservoirs contained about 3 million litres of…
Nigerian Air Force Destroy Illegal Oil Mining Sites in Imo
The Nigerian Air Force, NAF have intercepted and destroyed two illegal refining sites situated in Imo State. According to the NAF's Director, for Public Relations and Information, Edward Gabkwet, in…
Fuel Price May Drop Further As Crude Oil Prices Slide
The price of Premium Motor Spirit (petrol) may drop further due to the decline in crude oil prices. Oil prices fell about two per cent to a 12-week low, with…
Panic, As Militant Group Threatens Oil Production In Rivers
A group of militant have revealed plans to stop oil production in the state. This statement comes as a warning an ultimatum to the government, over unpaid salaries and other…
Dangote Refinery Suspends Sale of Petrol in Naira
Dangote refinery stops sales of petroleum products in Naira, reverts to dollars. The refinery says untill NNPCL starts crude oil supply in Naira, petrol sales would remain in Naira. Dangote…
Reps Panel Alleges Theft of $20b Crude oil in Seven Years
House of Representatives Adhoc Committee on Oil Theft, yesterday, alleged that 329,420,319 barrels valued at over $20 billion were not accounted for between 2005 and 2012. Chairman of the committee,…