Oil Archives - PRNigeria News https://prnigeria.com/tag/oil/ Reliable Platform for Press Release Syndication Wed, 12 Aug 2026 16:54:12 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://i0.wp.com/prnigeria.com/wp-content/uploads/2021/05/PRNigeria-Icon.jpg?fit=32%2C23&ssl=1 Oil Archives - PRNigeria News https://prnigeria.com/tag/oil/ 32 32 42672738 Nigeria’s Oil Production Drops by 4% to 1.505m bpd in July – NUPRC https://prnigeria.com/2026/08/12/nigeria-oil-production-drops/ Wed, 12 Aug 2026 16:54:12 +0000 https://prnigeria.com/?p=199082 Nigeria’s Oil Production Drops by 4% to 1.505m bpd in July – NUPRC Nigeria’s crude oil production declined by about four per cent month-on-month in July 2026, although the country exceeded its Organisation of Petroleum Exporting Countries quota for the third consecutive month. Latest figures released by the Nigerian Upstream Petroleum Regulatory Commission showed that […]

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]]> 199082 Iran Closes Strait of Hormuz Over Continuous US Blockade https://prnigeria.com/2026/04/18/iran-closes-strait-hormuz-over/ Sat, 18 Apr 2026 16:29:14 +0000 https://prnigeria.com/?p=188461 Iran Closes Strait of Hormuz Over Continuous US Blockade Iran has once again shut down the strategically critical Strait of Hormuz, citing ongoing United States restrictions on its ports as the primary trigger for the move. In a statement issued on Saturday, Iranian military authorities declared that control of the waterway—through which roughly one-fifth of […]

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]]> 188461 Fact-check: Is Oil Magnet, A.A. Rano Married to a Lebanese woman? https://prnigeria.com/2025/11/11/oil-magnet-rano-woman/ Tue, 11 Nov 2025 18:16:59 +0000 https://prnigeria.com/?p=173576 Fact-check: Is Oil Magnet, A.A. Rano Married to a Lebanese woman? Claim: A video shows a Lebanese woman crying for help and accusing her husband of abandoning her; the post identifies the husband as “A.A. Rano (AA Rano Oil)” implying the well-known Kano businessman Auwalu Abdullahi Rano and/or his company A A Rano Nigeria Limited.  […]

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]]> 173576 Arewa Economic Forum Calls for VAT Replacement with Sales Tax, Urges Revival of Kolmani Oilfield https://prnigeria.com/2024/11/01/arewa-economic-forum-calls-vat/ Fri, 01 Nov 2024 18:51:20 +0000 https://prnigeria.com/?p=148638 Arewa Economic Forum Calls for VAT Replacement with Sales Tax, Urges Revival of Kolmani Oilfield The Arewa Economic Forum (AEF), a leading socio-economic organization in Northern Nigeria, has advocated for the replacement of the Value-Added Tax (VAT) system with a Sales Tax. This shift, according to the forum, would simplify tax processes, ease the financial […]

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]]> 148638 NAF Jet Destroys Boats, Illegal Refining Sites In Rivers https://prnigeria.com/2023/12/03/naf-jet-destroys-boats-illegal/ Sun, 03 Dec 2023 13:05:22 +0000 https://prnigeria.com/?p=112664 NAF Jet Destroys Boats, Illegal Refining Sites In Rivers Air strikes against economic saboteurs and oil thieves continued unabated in South-south Nigeria as Nigerian Air Force airstrikes under Operation Delta Safe, on 28 November 2023, destroyed 2 Cotonou boats sighted at Arugbana near Okrika in Rivers State. On the same day, the aircraft also destroyed […]

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]]> 112664 Navy hands over arrested ship loaded with oil to EFCC in Delta https://prnigeria.com/2023/11/22/navy-hands-over-arrested-ship/ Wed, 22 Nov 2023 07:40:44 +0000 https://prnigeria.com/?p=111501 Navy hands over arrested ship loaded with oil to EFCC in Delta An oil-laden vessel with no documentation and approvals, arrested on the creeks of Delta by operatives of the Nigerian Navy Ship Delta, was on Tuesday in Warri, handed over by the Commander, NNS Delta, Commodore Chindo Yahaya, to the Economic and Financial Crimes […]

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]]> 111501 NSCDC Inaugurates Taskforce to Tackle Crude Oil Theft in Delta https://prnigeria.com/2022/11/28/nscdc-inaugurates-taskforce/ Mon, 28 Nov 2022 12:23:19 +0000 https://prnigeria.com/?p=84767 NSCDC Inaugurates Taskforce to Tackle Crude Oil Theft in Delta The Nigeria Security and Civil Defence Corps NSCDC, says the agency has matched it words with action in the fight against crude oil theft, pipeline vandalism among other mandates of the organisation. The State Commandant Akinsanya Iskilu Abiodun, posited that before now, illegal dealing on […]

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]]> 84767 Supreme Court Resolves 17 oil wells ownership tussle in favour of Rivers https://prnigeria.com/2022/05/06/supreme-court-resolves-oil/ Fri, 06 May 2022 17:52:43 +0000 https://prnigeria.com/?p=72011 Supreme Court Resolves 17 oil wells ownership tussle in favour of Rivers The Supreme Court on Friday in Abuja in a landmark judgment resolved the ownership dispute of 17 oil rich wells in favour of Rivers State. In the judgment prepared by Justice Heleen Ogunwumiju but delivered by Justice Emmanuel Agim, the apex court dismissed […]

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]]> 72011 EFCC Arraigns Indian Illegal Oil Dealer in Nigeria https://prnigeria.com/2020/06/23/efcc-arraigns-indian-oil-dealer/ Tue, 23 Jun 2020 18:31:52 +0000 https://prnigeria.com/?p=33679 EFCC Arraigns Indian Illegal Oil Dealer in Nigeria The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Tuesday, June 23, 2020, arraigned one Rahul Pathania, an Indian, and a vessel, M.V. Bount, before Justice Rilwan .M. Aikawa of the Federal High Court sitting in Ikoyi, Lagos on three-count charges bordering on illegal dealing […]

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]]> 33679 COVID-19: Time for Nigeria to start looking beyond oil- expert https://prnigeria.com/2020/04/14/covid-nigeria-beyond-oil/ Tue, 14 Apr 2020 16:18:57 +0000 https://prnigeria.com/?p=31440 COVID-19: Time for Nigeria to start looking beyond oil- expert A development and governance expert, Dr Chiwuike Uba, has expressed satisfaction with the decision of the Organisation of Petroleum Exporting Countries (OPEC) under the OPEC+ platform to cut down on oil production by about 9.7m barrels per day from 1st May 2020, reduce to 7.7 […]

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]]> 31440 NNPC Discovers Oil Deposits in North-East https://prnigeria.com/2019/10/12/nnpc-discovers-oil-north/ Sat, 12 Oct 2019 14:06:50 +0000 https://prnigeria.com/?p=25719 NNPC Discovers Oil Deposits in North-East The Nigerian National Petroleum Corporation (NNPC) has announced the discovery of hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the North-Eastern part of the country. It would be recalled that drilling of the Kolmani River II Well was flagged-off in a […]

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]]> 25719 Oil Thieves Convicted in Rivers as EFCC Nab Yahoo Boys Attempting to Flush Phones https://prnigeria.com/2019/07/30/oil-thieves-convicted-rivers/ https://prnigeria.com/2019/07/30/oil-thieves-convicted-rivers/#respond Tue, 30 Jul 2019 17:43:26 +0000 https://prnigeria.com/?p=23762 Oil Thieves Convicted in Rivers as EFCC Nab Yahoo Boys Attempting to Flush Phones Court Sentences Four Oil Thieves for Illegal Oil Bunkering Justice A. T Mohammed of the Federal High Court, sitting in Port Harcourt, Rivers State has convicted and sentenced the trio of Abdullahi Yahaya, Suleiman Hassan and Salisu Abubakar to two years […]

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