Diezani nominated as OPEC secretary-general

Iraqi Oil Minister, Abdelkarim al-Luaybi on Tuesday 10 June claimed that Nigeria had nominated Petroleum minister, Diezani Alison-Madueke, to succeed OPEC’s long-standing secretary-general Abdullah El-Badri.

Luaybi made the revelation in Vienna, home to Organization of Petroleum Exporting Countries (OPEC) headquarters.

Oil deals leave northern barons with billion, richer than their states

The murky oil dealings of Nigeria’s military and political elite have led to a handful of oil barons from northern Nigeria controlling billions of naira worth of oil assets, while states in the region battle with revenue shortfalls and a raging insurgency.

Borno State-born Ahmed Mai Deribe’s Cavendish Petroleum is the operator of OML 110 with the capacity to produce about 120,000 barrels of crude oil daily from its OBE 4 and OBE 5 wells.

‘How I got into the oil business’ – Billionaire, Mrs Folorunsho Alakija

 

One of the world’s richest black women, Mrs Folorunsho Alakija has opened up on how she got into the oil business that has made her a billionaire. Speaking during the Women Inspiration & Enterprise WIE event that held two weeks ago, the chairman of Famfa Oil & Gas, said she got into the business through perseverance and hard work

Five oil marketers bag 3 years imprisonment

 

A Federal High court, sitting in Lagos has sentenced five oil marketers to three years

imprisonment after they were arrested with two truck load of stolen Petrol from Nigerian National Petroleum Corporation (NNPC) pipeline, Ibafo area of Ogun state.

Nigeria’s Richest Oil Blocks Owners Exposed: Names & Details

The oil block business is so lucrative that Danjuma’s Sapetro divested of its investment in Akpo condensate for $1billion dollars. The business is second to none in Nigeria. That is why any attempt to investigate the activities in this sector will always be futile. The money is so much that they give bribes in millions of dollars. A birthday gift or child naming gift from an oil block owner to a government official could be as paltry as $2million dollars, and if the official’s father died, the condolence gift could reach mere $3 million dollars.

AGIP oil Workers Protest In Abuja,Shutdown Headquarters

 

 Via ckn

 Activities at the headquarters of Italian oil giant AGIP were this morning (Monday) brought to a standstill as the workers of the company shut down the Headquarters of the company located at Maitama Abuja. CKN Nigeria reporters at the scene saw the workers of the company protesting in front of their office. 

N1.5bn subsidy scam: How Anosyke Group Sold Import Permit to Dell Energy

The Economic and Financial Crimes Commission, EFCC, on Tuesday April 1, 2014, told an Ikeja High court how Emeka Chukwu sold an import permit granted to Ifeanyi Anosyke and his company, Anosyke Group of Company to Ngozi Ekeoma, owner of Dell Energy Limited.

Thugs Alert: PDP, APC Reps clash over N1.7tn spent on kerosene subsidy by the NNPC

The "agberos" are at it again.

Via Punch:

Peoples Democratic Party members  in  the House of Representatives and their All Progressives Congress colleagues nearly exchanged blows on Wednesday over the investigation   into the N1.7tn spent  on kerosene subsidy by the Nigerian National Petroleum Corporation.