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Tuesday November 24, 2009
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OPEC Nigeria News is an EIN News Service for energy industry professionals. Constantly updated news and information about energy.
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Latest OPEC Nigeria News

  • OPEC basket price up 95 cents to USD 76.73 pb 24 Nov 2009 19:14 GMT
    ... Nov 24 (KUNA) -- The price of OPEC basket of 12-crudes gained 95 cents on ... USD 75. 78 the previous day, the Organization of the Petroleum Exporting Countries (OPEC) announced. According to OPEC bulletin, the ... Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), ...

  • Oil prices mixed amid demand concerns 24 Nov 2009 13:34 GMT
    ... struggling to recover following the financial crisis. OPEC president Jose Maria Botelho de Vasconcelos has ... output levels on December 22. OPEC member Nigeria on Tuesday said its 2010 budget will be based on an oil price of 57 dollars ...

  • NLNG gets new DMD 23 Nov 2009 19:53 GMT
    ... THE Nigerian Liquefied Natural Gas Limited, (NLNG) Company has appointed Mr Basheer Koko as the ... assistant to the Honourable Minister of Petroleum Resources/OPEC president from may to November 1988 and ...

  • Base Chemicals And Non-Oil Sectors To Boost The Nigerian... 23 Nov 2009 12:55 GMT
    ... Chemicals And Non-Oil Sectors To Boost The Nigerian Chemicals Market, Notes Frost & Sullivan The ... and reduced production quotas imposed by the Organization of the Petroleum Exporting Countries (OPEC), has had a strong impact on the ...

  • Babalola advises states, LGs to upscale infrastructural development 22 Nov 2009 20:12 GMT
    ... spending, especially in these modern times. He said, “No doubt, with high expectations from Nigerians, the institutions of government are constantly under pressure to deliver increased, as well as, ...

  • Italy judge rejects block of Eni in Nigeria 22 Nov 2009 17:32 GMT
    ... Eni and its unit Saipem with the Nigerian National Petroleum Corporation (NNPC), an Eni lawyer and a judicial source said ... Also, the Organisation of Petroleum Exporting Countries, OPEC, has said it may raise oil output ...

  • Iran must be allowed to pursue its nuclear programme: Analyst 21 Nov 2009 21:32 GMT
    ... uranium enrichment activities but Iran, a leading OPEC oil producer, denies it is seeking nuclear ... served as Pakistan’s Ambassador to China, USA, Nigeria, the Philippines and later became the Secretary General for Foreign Affairs. Currently he is ...

  • Background Notes : Sudan (11/09) 20 Nov 2009 17:19 GMT
    ... Government of Sudan resumed negotiations in Abuja, Nigeria in early 2006. On May 5, 2006, the government and an SLM/A faction led by Minni ... and other Organization of Petroleum Exporting Countries (OPEC) have supplied most of Sudan's economic assistance. ...

  • Oil prices mixed as inventories stay high 20 Nov 2009 13:58 GMT
    ... world's second-largest economy in a row. Meanwhile, OPEC president Jose Maria Botelho de Vasconcelos has ... also this week followed events in oil-exporter Nigeria, where its main armed group has accused the military of staging a dawn raid on ...

  • Oil slips towards $77 as dollar gains 20 Nov 2009 10:42 GMT
    ... in a report. On the supply side, OPEC seaborne oil exports, excluding Angola and Ecuador, ... tracks future shipments, said on Thursday. And Nigeria's oil minister said on Thursday OPEC could decide to raise oil output marginally at ...

  • MCX crude inches up slightly on better global cues 20 Nov 2009 07:45 GMT
    ... demand will rebound at a slower pace. OPEC seaborne oil exports, excluding Angola and Ecuador, ... substantial rise in oil demand and prices, Nigeria's oil minister. ...

  • Oil Tumbles from its Prominent Technical Ceiling Despite an Upgrade to Growth 20 Nov 2009 00:31 GMT
    ... the wires through the day however offset positive demand forecasts with bearish supply readings. Nigerian Oil Minister Rilwanu Lukman suggested OPEC members generally wanted higher quotas and December’s meeting would not likely end in any ...

  • Crime wave overshadows amnesty deal 20 Nov 2009 00:17 GMT
    ... By Austin Ekeinde Port Harcourt, Nigeria - A crime wave in Nigeria's main oil city of Port Harcourt blamed on former militants ... natural wealth. The unrest has prevented the Opec member from pumping much above two thirds ...

  • Crime wave raises questions about Nigeria amnesty 19 Nov 2009 18:10 GMT
    ... Crime wave raises questions about Nigeria amnesty * Residents blame crime wave on former militants * Delays to retraining programmes fuelling ... natural wealth. The unrest has prevented the OPEC member from pumping much above two thirds ...

  • Opec may hike output if price, demand jump - Nigeria 19 Nov 2009 16:14 GMT
    ... Opec may hike output if price, demand jump - Nigeria 19th November 2009 Updated 30 minutes ago The Organisation of Petroleum Exporting Countries (Opec) could decide to raise oil output slightly ...


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