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Gov. Willie Obiano says Anambra will begin to earn 13 per cent derivation in line with its status as an oil producing state from March. Obiano disclosed this at a parley with journalists in Aguleri, Anambra East Local Government Area after a tour of the Awka International Convention Centre and Anambra Cargo and passenger airport on Saturday. He said he was notified by the Nigeria Midstream and Downstream Pricing and Regulatory Agency (NMDPRA) who had confirmed lifting of crude oil in commercial quantity in Anambra. READ ALSO : Anambra State Gubernatorial Election Petitions Tribunal relocated from Awka to Ilorin He said Anambra had 15 oil wells with ENIYE 10940 Oil field operated by SEEPCO fully operational and wholly owned by the state. Obiano also said the rice production of the state had hit 530,000 metric tonnes yearly from the 85,000 metric tonnes capacity of 2014. He said the revolution his administration brought into the agricultural sector made the state become not only self-sufficient in production but a net exporter of the commodity.

Governor Willie Obiano says Anambra will begin to earn 13 per cent derivation in line with its status as an oil producing state starting from March. Mr Obiano disclosed this at a media parley with journalists in Aguleri, Anambra, after a tour of the Awka International Convention Centre and Anambra Cargo and passenger airport on [] The post Anambra to begin earning 13% oil derivation earning from March: Obiano appeared first on SPY NIGERIA .

Managing Director (MD) of National Engineering and Technical Company Limited (NETCO), Johnson Awoyomi has launched three new books on the Nigerian oil and gas industry, aimed at deepening knowledge on the challenges of the industry. The out-going MD of one of the subsidiaries of Nigerian National Petroleum Corporation (NNPC) Limited also used the occasion to mark his 60th birthday anniversary and retirement in Lagos. The books are: The Cost of Fuel Scarcity in Nigeria; Cost Engineering and Cost Control of Medium to Major Capital Projects, and Maximizing Government Net Revenue in the Oil and Gas Industry Cost Engineering Perspectives. The book on The Cost of Fuel Scarcity in Nigeria was reviewed by Adeyemi Adetunji, Group Executive Director, Downstream of NNPC. According to him, the Cost of Fuel Scarcity in Nigeria is a lucid narrative of the concept of War Rooms in the evolution of fuel scarcity in Nigeria as well as the cost the users of the product bear anytime there is fuel scarcity.

Liberia: NOCAL CEO Becomes First Liberian to Join Advisory Board for the Africa Oil Week AllAfrica.com

Concerns over high oil prices, Ukraine-Russia conflict keep investors on sidelines

The Cost Of Living In The US Is Rising To Absolutely Absurd Levels Authored by Michael Snyder via The Economic Collapse blog, Most of the time, the vast majority of Americans simply do not care about economics. And it pains me to say that, because I have been running a website about economics for more than a decade. But it is true. Under normal circumstances, most hard working Americans dont have the time or the energy to debate the finer points of economic policy. But now things have changed. Here in 2022, our leaders have messed things up so badly that suddenly just about everyone is feeling the pain. Most people just want economic conditions to return to normal, but that isnt going to be so easy. Over the past couple of years, the Federal Reserve has pumped trillions of fresh dollars into the financial system. You just cant undo that. And our politicians in Washington have been on the biggest borrowing spree in all of human history. I think that many of them truly believed that there would never be any serious consequences, but as Forbes has aptly noted , we are now paying a heavy price for this magical thinking Unfortunately, Americans are now paying a heavy price for this magical thinking.

Chinese Foreign Minister Wang Yi firmly rejected international concerns and accusations about Beijings repressive treatment of its Uygur minority in comments made to the Munich Security Conference on Saturday. China has come under fire from Western nations for the way it has treated the largely Muslim ethnic group in the province of Xinjiang. Wang said there had never been systematic forced labour or re-education camps in Xinjiang. The past, present and future of oil in Chinas Xinjiang

Chinese Foreign Minister Wang Yi firmly rejected international concerns and accusations about Beijings repressive treatment of its Uygur minority in comments made to the Munich Security Conference on Saturday.China has come under fire from Western nations for the way it has treated the largely Muslim ethnic group in the province of Xinjiang.Wang said there had never been systematic forced labour or re-education camps in Xinjiang.The past, present and future of oil in Chinas XinjiangThese

Democratic Republic of Congos government announced it is nearing a deal with Dan Gertlers Fleurette Group to take back billions of dollars worth of its mining and oil assets in the country.

The oil company''s dividend framework has it on track to pay a massive amount of dividends in the coming quarters.

Two stocks from the agriculture sector are suitable replacements for energy stocks if oil prices fall in 2022. The post 2 Commodities Stocks to Hold if Oil Prices Fall appeared first on The Motley Fool Canada .

New Delhi: High Crude oil prices along with a wider monthly trade deficit is expected to subdue the Indian rupee in the coming week. Accordingly, the rupee is expected to seesaw between 74.50 to 75.59 to a greenback. Lately, the Brent-indexed Crude oils price has hovered over $91 per barrel. The latest official data showed Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .

Russia is the world''s second-largest oil producer.

Fears over possible supply disruptions resulting from the Russian military presence at Ukraine''s borders have limited losses in oil price this week.

Udaya Gammanpila said the loss-making Ceylon Petroleum Corporation (CPC) continued to haemorrhage cash and could no longer afford to procure supplies from abroad.