Latest Oil & Gas News Roundup For May 29 - June 5, 2022

Welcome to the AllNews roundup of the latest Oil & Gas News that made the round last week.

Buhari, Kyari Showcase Oil, Gas Investment Opportunities In Spain

The Group Managing Director, NNPC Ltd., Malam Mele Kyari has reiterated the commitment to sustain the strategic energy partnership between Nigeria and Spain.

Kyari made this known while addressing Nigerian and Spanish business leaders on investment opportunities in the Nigerian Oil and Gas Industry in Madrid, Spain. Read more here.

Dangote Refinery Will Expose Nigeria’s Midstream, Downstream Sectors To International Markets – Dangote

The President, Dangote Group, Alhaji Aliko Dangote, has said the coming on stream of the Dangote Petroleum Refinery would expose Nigeria’s midstream and downstream sectors to the international markets.

Dangote said the refinery being constructed in Ibeju-Lekki, Lagos would guarantee the availability of high-quality environmentally compliant products in Nigeria, regional markets in West Africa, Southern Africa and inter-continental markets. Read more here.

Military Destroys 40 Illegal Refineries, Impounds Illegal Products

Troops of Operation Octopus Grip and those of Operation Delta Safe have discovered and destroyed 40 illegal refineries in the Niger Delta region in the last two weeks.

Director, Defence Media Operations, Maj.-Gen. Bernard Onyeuko, said this in Abuja on Thursday while briefing newsmen about military operations in different theatres between May 19 and June 2. Read more here.

Nigeria’s Crude Oil Production Increases By 70,000bpd – Reuters Survey

Nigerian crude oil production grew by 70,000 barrels per day in May, according to a Reuters survey issued on Tuesday.

According to the document obtained by the Nigerian News Agency (NAN) in Lagos, the country's crude oil production averaged 1.42 million barrels per day in May. Read more here.

Diesel Prices Continue To Rise In Nigeria As Oil Prices Soar Above $122 Per Barrel

The price of crude oil has surged to over $121 per barrel on Monday evening as the price of Automotive Gas Oil (AGO), known as diesel, continued to rise in Nigeria.

The rise in global crude oil prices comes as supplies of refined products such as diesel remain tight at a time when demand is expected to pick up in the United States and many other countries, owing to lower exports of the product from Russia, which has been sanctioned by Western countries as a result of its invasion of Ukraine. Read more here.

These are the latest Oil & Gas news that made trends during the week. Visit our website https://allnews.ng for more Oil & Gas news around the world.