Nigeria's crude oil production dropped in January, data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. Oil production from the 12 members of the organisation averaged 26.34mn barrels per day (bpd) in January 2024, lower by 350,000 bpd, month-on-month, OPEC said in its Monthly Oil Market Re...
Oil was discovered in Nigeria in 1956, with production starting in the late 1950s. In the following decade, oil exploration would open to foreign companies, and with some exceptions due to economic circumstances, the oil industry would grow constantly to become a global giant. In 1977, the ...
Nigeria Crude Oil: Production was reported at 1,495.000 Barrel/Day th in Jan 2025. This records a decrease from the previous number of 1,525.000 Barrel/Day th for Dec 2024.
Nigeria Oil and Gas Market Analysis The Nigeria Oil And Gas Market size in terms of production volume is expected to grow from 4.66 billion cubic feet per day in 2025 to 5.00 billion cubic feet per day by 2030, at a CAGR of 1.39% during the forecast period (2025-2030). Over the mediu...
oil and gas market. The enormous development potential of the Nigerian oil and gas industry also creates excellent opportunities for Chinese oil, natural gas, and petrochemical equipment production enterprises to export to the Nigerian market; This professional exhibition is the best platform for ...
The country is a leader in various types of agricultural production, such as palm oil, cocoa beans, pineapple, and sorghum. It is the largest producer of sorghum in the world just after the United States, and ranks fifth in the production of palm oil and cocoa beans. Nigeria is also a ...
Essential oils are a tricky bunch. Each oil has a very specific intended use, and even oils of the same scent can have different uses depending on a few qualities (more on that in a bit). Here’s a quick look:Market shareis spread across different uses, including spa and relaxation, ...
"Improved oil production and an expected better harvest in the second half of the year are positive for 2024 GDP growth, which is projected to reach 3.2 percent, although high inflation, naira weakness, and policy tightening will provide headwinds," the Washington, D.C.-based organizat...
4.2 Crude Oil Refining Capacity Forecast in thousand barrels per day, till 2027 4.3 Refined Products Production Forecast in billion liters, till 2027 4.4 Premium Motor Spirit (PMS) or Petrol Production Forecast in million liters, till 2027 ...
“Today, we are no longer spectators; we have developed capacity. We are operating at the epicentre of the oil industry.” Chief Timipre Marlin Sylva, Minister of State for Petroleum Resources The Oil & Gas Year Nigeria 2020 also features a pull-out map with updated ownership and operatorshi...