NNPC Monthly Oil and Gas Report September 2021 NNPC Monthly Oil and Gas Report September 2021 NNPC Monthly Oil and Gas Report September 2021
ADVERTISEMENT
  • LOGIN
  • WEBMAIL
  • CONTACT US
Tuesday, May 17, 2022
21st CENTURY CHRONICLE
No Result
View All Result
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • INSURGENCY
    • CRIME
  • BAZOOKA JOE
  • ON THE HOT BURNER
  • OUR STAND
  • OTHERS
    • BLAST FROM THE PAST
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • INSURGENCY
    • CRIME
  • BAZOOKA JOE
  • ON THE HOT BURNER
  • OUR STAND
  • OTHERS
    • BLAST FROM THE PAST
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
No Result
View All Result
21st Century Chronicle
No Result
View All Result
Your ads here Your ads here Your ads here
ADVERTISEMENT

Poor maintenance responsible for Nigeria’s low oil production- World Bank

Aliyu Suleiman by Aliyu Suleiman
May 14, 2022
in Lead of the Day, Oil and Gas
0
Nigerian businesses lose $29bn annually to poor electricity -World Bank
Share on FacebookShare on TwitterShare on TelegramShare on WhatsApp

Nigeria’s oil production declined in 2021 due to a lack of maintenance and the loss of infrastructure efficiency, the World Bank has said in a new report.

The bank said Nigeria was yet to benefit from increasing oil prices as a result of declining oil production and fuel subsidy.

READ ALSO

Abuja- Kaduna train resumes without early morning, evening services

BREAKING: N80bn fraud: Accountant General of the Federation arrested

The bank disclosed this in a new report titled ‘Migration and Development Brief titled ‘A War in a Pandemic: Implications of the Ukraine crisis and COVID-19 on the global governance of migration and remittance flows.

The report reads thus, “Nigeria has not been able to benefit from higher oil prices to date as: oil production declined in 2021 due to lack of maintenance and loss of infrastructure efficiency; and domestic petrol prices remain fixed—increasing the cost of the ‘Premium Motor Spirit’ subsidy, a large and growing fiscal burden.”

Earlier in April 2022, it was reported that the OPEC raised Nigeria’s oil production quota from the 1.735 million barrels per day target approved in April 2022 to a new target of 1.753 million barrels per day for May 2022.

OPEC’s increased oil production quota for Nigeria came as the Federal Government called for an inclusive energy transition that would be beneficial to not just Nigeria but to other countries in Africa.

In OPEC Monthly Oil Market Report for April 2022, the organisation outlined the oil production volumes of its member nations and allies, as it revealed that the output from Nigeria dropped in March.

Related Posts

PHOTOS: Train crushes trailer, tricycle in Kano

Abuja- Kaduna train resumes without early morning, evening services

May 16, 2022
BREAKING: N80bn fraud: Accountant General of the Federation arrested

BREAKING: N80bn fraud: Accountant General of the Federation arrested

May 16, 2022
Fresh troubles for Magu as PSC fails to process retirement benefits over graft cases

Police promotes Magu 10 days after reaching retirement age

May 16, 2022
Sylva inspects oil spill site in Nembe

Sylva quits presidential race ‘to support Buhari achieve robust oil sector’

May 16, 2022
How much tax has MTN paid to FIRS?, by Ezekiel Tauna

How much tax has MTN paid to FIRS?, by Ezekiel Tauna

May 16, 2022

Six killed, traditional ruler kidnapped in Kano

May 16, 2022

MOST POPULAR VIEWS

EXCLUSIVE: 40 years after his death, family of Shehu Kangiwa speaks: We sold part of ex-gov’s house to survive

6 months ago
IPOB kills 6 policemen in C/River

REVEALED: How IPOB raped soldier before fiancé, beheaded couple, posted video online

2 weeks ago
FEATURES: Mixing diesel with kerosene – many unorthodox ways Nigerians adopt as cooking gas price surges

FEATURES: Mixing diesel with kerosene – many unorthodox ways Nigerians adopt as cooking gas price surges

6 months ago
‘He can only return as Yobe governor, not APC chairman,’ El-Rufai says Buhari, 19 govs endorsed Buni’s sack

El -Rufai advises citizens on farming

2 weeks ago
Adam Zango was simply jealous – Ummi Rahab

Adam Zango was simply jealous – Ummi Rahab

8 months ago

EDITOR'S PICK

How can NDDC not be broke?

Akpabio joins presidential race

May 5, 2022

9 top bandits killed in rival gun battle in Kaduna

August 21, 2021
Moghalu picks N25m ADC presidential forms

Moghalu picks N25m ADC presidential forms

May 11, 2022
Speakers’ forum to Buhari: It’s time to declare bandits terrorists

Speakers’ forum to Buhari: It’s time to declare bandits terrorists

October 24, 2021

About

21st Century Chronicle

Follow us

Other Categories

  • OPINION
  • COLUMN
  • FEATURE
  • NEWS MEDIA
  • WOMEN
  • LIFESTYLE
  • PHOTOS OF THE DAY
  • QUOTE OF THE DAY
  • TECHNOLOGY

Columnists

  • VIEW FROM THE GALLERY
  • PEOPLE, POLITICS & POLICY
  • THE WAY I SEE IT
  • THIS IS YOUR BUSINESS
  • FRAGMENTS

Recent Posts

  • Abuja- Kaduna train resumes without early morning, evening services
  • BREAKING: N80bn fraud: Accountant General of the Federation arrested
  • Inflation hits 8-month high at 19.82%
  • Flights to be disrupted over fuel scarcity – Airline operators
  • PRIVACY POLICY
  • CONTACT US
  • ABOUT US

© 2020 21st Century Chronicle

No Result
View All Result
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • INSURGENCY
    • CRIME
  • BAZOOKA JOE
  • ON THE HOT BURNER
  • OUR STAND
  • OTHERS
    • BLAST FROM THE PAST
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY

© 2020 21st Century Chronicle

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.