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Nigeria’s Oil Reserves Drop By 543Mn Barrels In 5 Years

The Organisation of Petroleum Exporting Countries (OPEC) yesterday reported that Nigeria’s oil reserves dropped by 543 million barrels in five years as investments in the nation’s hydrocarbon resources continue to decline in recent years. The oil cartel gave this hint in its 2021 Annual Statistical Bulletin, which reflects proven oil reserves by country globally. Specifically, […]

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Waltersmith Modular Refinery Ready For Operations – DPR

The Department of Petroleum Resources (DPR) has disclosed that Waltersmith Modular Refinery located in Ibigwe, Imo State, with refining capacity of 5,000 barrels per day (bpd) is ready for operations. The Director of DPR, Engr. Sarki Auwalu, who gave this hint during a pre-commissioning visit to the project site recently, said the purpose of the […]