Nigerian Oil Woes Weigh on Budget

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
ss2044596542-Edo Nigeria-Petroleum Exploration Production

Nigeria’s senate has approved a budget for next year of 17.13 trillion naira ($41.37 billion), which is based upon an average oil price for the year of $62 per barrel for benchmark Brent crude and average production of 1.88 million barrels per day.

Opec/Opec-Plus, Policy and Regulation, Oil Supply
Wanda Ad #2 (article footer)
Egypt has launched a new upstream bid round for 23 blocks as it faces amid a looming gas supply crunch.
Mon, Sep 25, 2023
Project developers are still looking for guidance on how they can take advantage of the “bonus rates” for clean energy tax credits enacted by the US Inflation Reduction Act.
Mon, Sep 25, 2023
Crown Prince Mohammed bin Salman addressed oil market collaboration with Russia and ties with the US in a wide-ranging interview.
Thu, Sep 21, 2023