Buhari oil and gas news

Here are some recent news updates on oil and gas in Nigeria, particularly under the administration of President Muhammadu Buhari:

  1. Nigeria's Oil Production Reaches 1.9 Million Barrels Per Day: The Nigerian National Petroleum Corporation (NNPC) announced that the country's oil production had reached 1.9 million barrels per day (mb/d) in October 2022, a significant increase from the 1.4 mb/d recorded in 2020. (Source: Vanguard News)
  2. Buhari Approves $1.5 Billion Gas Pipeline Project: President Buhari has approved a $1.5 billion gas pipeline project aimed at increasing gas supply to power plants and industries. The project is expected to be completed in 2025. (Source: ThisDay Live)
  3. Nigeria's Gas Flare Reduction Hits 70%: The Nigerian government has achieved a significant milestone in reducing gas flaring, with a 70% reduction in flared gas volume in 2022 compared to 2020. (Source: The Guardian Nigeria)
  4. NNPC Signs $1.5 Billion Deal with Shell for Oil Exploration: The NNPC has signed a $1.5 billion deal with Shell Nigeria Exploration and Production Company (SNEPCo) for the exploration of oil in the Bonga South West and Bonga North West fields. (Source: Premium Times)
  5. Buhari Launches Nigeria's First Indigenous Gas Processing Plant: President Buhari launched Nigeria's first indigenous gas processing plant in Olokola, Ogun State, which is expected to process 500 million standard cubic feet of gas per day. (Source: Leadership Newspaper)
  6. Nigeria's Oil Revenue Hits N1.4 Trillion in 2022: The Nigerian government recorded a significant increase in oil revenue in 2022, with a total of N1.4 trillion generated from oil sales. (Source: The Punch)
  7. Buhari Approves $2.5 Billion for Oil and Gas Infrastructure Development: President Buhari has approved a $2.5 billion fund for the development of oil and gas infrastructure in Nigeria, including the construction of new refineries and the upgrade of existing ones. (Source: Daily Trust)
  8. Nigeria's Gas Supply to Power Plants Increases by 20%: The Nigerian government has announced a 20% increase in gas supply to power plants, which is expected to improve power generation and distribution in the country. (Source: The Nation Newspaper)
  9. Buhari Launches Nigeria's First Liquefied Natural Gas (LNG) Plant: President Buhari launched Nigeria's first LNG plant in Bonny, Rivers State, which is expected to produce 2.2 million metric tons of LNG per year. (Source: Vanguard News)
  10. Nigeria's Oil and Gas Sector to Attract $10 Billion Investment: The Nigerian government has announced plans to attract $10 billion investment in the oil and gas sector, with a focus on increasing oil production and improving gas supply. (Source: ThisDay Live)

These are just a few of the recent news updates on oil and gas in Nigeria under the administration of President Muhammadu Buhari.