Energy & Power

Nigeria: NNPC Reduces Debts to IOCs to $1.58bn, Pays Off Mobil

[This Day] Out of about $4.6 billion negotiated joint venture (JV) oil production debt Nigeria was owing international oil companies (IOCs), about $3.02 billion has been paid by the Nigerian National Petroleum Corporation (NNPC), leaving about $1.58 billion as the outstanding, a report by the corporation has disclosed.Read More

Read More »

Zimbabwe: Vultures Looking for a Meal in the Oil

[Zimbabwe Standard] There are some things that people keep talking about, which don’t make sense. The often-repeated intention to construct a second oil pipeline from Beira in Mozambique to Harare and beyond is one of them.Read More

Read More »

Nigeria: NNPC Releases Second Audited Financial Report

[This Day] Abuja — The Nigerian National Petroleum Corporation (NNPC) says it has released its 2019 audited financial statement, about five months after publishing the corporation’s 2018 report, which was the first in its 43 years of existence.Read More

Read More »