Tag: million
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25 million barrels of Nigerian oil are looking for buyers…and these are the most prominent alternatives
Nigerian oil sales fell in March, due to strikes at French refineries, as well as seasonal maintenance elsewhere in Europe. Between 20 and 25 shipments of Nigerian oil for loading in April are still looking for buyers, and each shipment amounts to about 1 million barrels of crude oil, according to information seen by the…
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The salary of the former Shell president in 2022 will exceed $ 11 million
The former Shell boss’s salary in 2022 once again highlighted record oil companies’ profits in 2022, benefiting from higher energy prices in the wake of Russia’s invasion of Ukraine. And the company revealed – in its annual report, which was reviewed by the specialized energy platform – that former CEO Ben van Burden received a…
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Oil production in Nigeria is threatened with a loss of 4 million barrels
Oil production in Nigeria is set to drop dramatically in March 2023 and beyond, due to the recent bombings of a major pipeline in the Niger Delta region. A major export pipeline exploded in the oil-rich Niger Delta region, Thursday evening, March 2, 2023, killing 12 people and injuring others, according to the specialized energy…
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Launching a plan to develop the Libyan oil sector to increase production to two million barrels per day (video and photos)
The head of the Libyan Oil Corporation, Farhat bin Qadara, announced the start of developing the strategic plan for the oil and gas sector in the country. Today, Wednesday, the KPC, in cooperation with the American Kearney Company, launched the development of the strategic plan for the sector, which includes the KPC and its subsidiaries.…
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ADNOC Distribution’s profits will rise to $750 million in 2022
ADNOC Distribution achieved strong business results during the past year (2022), supported by the high demand for fuel and its new projects. Today, Thursday, February 9, the Emirati company announced that it recorded strong profits during 2022; Its earnings before interest, tax, depreciation and amortization increased by 15% on an annual basis, recording 3.52 billion…
