"> Oil sector Archives - Sahel Standard
November 30, 2020
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The Department of Petroleum Resources has listed out some strategies that would guarantee the survival of Nigeria’s oil industry post COVID-19 pandemic. This was disclosed by DPR’s Director, Sarki Auwalu, while speaking during a webinar entitled ‘Nigeria Oil & Gas Sector: Surviving and Thriving Post COVID-19.’ “There is no better time for strategic repositioning and Continue Reading
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This blog is co-authored by the World Bank EGPS Multi-Donor Trust Fund and the EITI. The World Bank’s Extractives Global Programmatic Support (EGPS) Multi-Donor Trust Fund supports developing countries govern their oil, gas and mineral resources in a sustainable and transparent manner to reduce poverty and boost shared prosperity. Nigeria, Africa’s Continue Reading
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The Senate says that high cost of crude oil production will not favour the Economy. The Chairman Senate committee on Finance, Mr Solomon Adeola, stated this in Abuja while interacting with revenue generating agencies, led by the minister of finance, Zainab Ahmed, Senator Adeola, expressed concern that the gains from the nation’s crude oil production was […]Continue Reading
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The African Petroleum Producers’ Organization (APPO) has called on G20 nations to extens hands of support to Africa to cope with COVID-19 and oil price crisis. In a communique issued in Abuja,the APPO reiterated support for concerted efforts of #OPEC and non-OPEC countries in ensuring long term stability of the global oil market. The full […]Continue Reading
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 Crude oil’s sudden price collapse may offer temporary breathing space to oil-linked term LNG buyers, but it won’t drastically alter the scope of LNG term contract negotiations unless those low price levels are sustained over a longer period, analysts told S&P Global Platts. Although oil’s price fall has narrowed the gap between spot and term Continue Reading
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By Paul Cochrane Saudi Arabia’s move to slash prices, prompted by a row with Russia, could devastate its own revenues, derail its Vision 2030 plans and antagonise its allies. So why did Riyadh do it? In 1985, US Vice President George HW Bush visited Saudi Arabia to pressure the kingdom to flood the global market with […]Continue Reading