Petroleum

By IndepthAfrica
In Article
Mar 28th, 2014
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349 Views
Obinna Akukwe There is a financial mathematical inclination to believe that about $90 billion dollars have been missing under NNPC since the inception of Jonathan administration than the $ 20 billion dollars as revealed by the sacked Central Bank Governor, Sanusi Lamido. According to Sanusi Lamido wh...
By IndepthAfrica
In Nigeria
Sep 17th, 2013
0 Comments
15 Views
By Jaye Gaskia As we approached the 2011 general elections, and given the circumstances under which the preparations were made, and under which the elections were eventually held; corruption, treasury looting took a steep upward spike! Of course since crude oil is our major export and in the absence ...
By IndepthAfrica
In Article
Feb 25th, 2013
0 Comments
21 Views
Leadership (Abuja) editorial At a recent oil and gas conference, the managing director of Shell Petroleum Development Company stated that Nigeria’s economy loses $6billion annually to crude oil theft. Consequently, President Goodluck Jonathan has been seeking the assistance of the western world...
By IndepthAfrica
In Nigeria
Jan 17th, 2013
0 Comments
37 Views
The illegal practice of ‘oil bunkering’ diverts a fifth of Nigeria’s oil output to makeshift refineries, where workers labour ankle deep in crude, surrounded by dead mangroves and blackened rivers. For most, it’s the only job they can find....
By IndepthAfrica
In East Africa
Sep 5th, 2012
0 Comments
4 Views
Anyiam-Osigwe: we didn’t participate in any oil transaction DID Zambia pay a Nigerian businessman $5million commission for crude oil that was never delivered? “Not a single drop” was transported to Zambia, Mines, Energy and Water Development Permanent Secretary George Zulu said at a media briefing at...
By IndepthAfrica
In Article
Aug 15th, 2012
0 Comments
9 Views
By Ogaga Ifowodo, Vanguard opinion Two weeks ago, a faction of the Movement for the Survival of the Ogoni People led by Goodluck Diigbo proclaimed political autonomy. The action appears to be the outcome of internal wrangling over the implementation of the report of the United Nations Environmental P...
By IndepthAfrica
In News
Jan 17th, 2012
0 Comments
17 Views
Lagos – An offshore rig exploring possible oil and gas fields off Nigeria’s coast for Chevron Corporation caught fire on Monday, and the oil company said officials were still trying to account for all those working there. Chevron said two workers were missing and 152 others found, but gav...
By IndepthAfrica
In News
Jan 15th, 2012
0 Comments
6 Views
Abuja – Nigerian President Goodluck Jonathan and labour unions failed to reach a compromise over government-subsidised fuel prices, but the unions said oil workers would not shut down crude output while the two sides kept talking. “The meeting is not deadlocked but we have not reached a c...