On Nigerian PIB and balancing stakeholders’ interests

On Nigerian PIB and balancing stakeholders’ interests

There is a fundamental interdependence between host countries and the international oil companies (IOCs) in the development of natural resources. The interests of these two parties differ much but mainly converge on resource production-sharing. Two other major stakeholders are the National Oil Companies (NOC’s) and the host communities, and traditionally these two stakeholders’ interests have […]

Emerging Paradigm Shift in Fuels Markets and the Nigeran Economy

On Nigerian PIB and balancing stakeholders’ interests

For more than a century, fossil fuels have accounted for a larger proportion of global energy supply sources. However, with increasing global environmental challenges, arising from increasing concentration of greenhouse gases (GHGs) associated with fossil fuels combustion, there has been a renewed emphasis on low- carbon intensive and environmentally- friendly energy sources, e.g. natural gas, […]

Global energy transitions & implications for the Nigerian economy

By Prof chijioke Nwaozuzu   For more than a century, fossil fuels have accounted for a larger proportion of global energy supply sources. However, with increasing global environmental challenges, arising from increasing concentration of greenhouse gases (GHGs) associated with fossil fuel combustion, there has been a renewed emphasis on low carbon intensive and environmentally- friendly […]

Emerging hydrogen energy world: Implications for oil exporting countries

Hydrogen has long been used across several industries, including the process for converting heavy petroleum extracts into lighter, exploitable forms of fuel. But the objective of turning hydrogen itself into a viable and clean energy source to power vehicles and heat houses is the potential game-changing solution that could lead the way toward a full […]

The hurdles and solutions to crude oil refining in Africa

CSR,Fuel Pricing, Marginal Oil Fields, Technology,Alternative Fuel, oil revenue, Refining business

Most refineries in Africa tend to be medium to large-scale refineries, perhaps because of the state of technology at the time they were built. This article is about presenting a cost- effective and timely option, as represented by the modular refining format. Reviewing crude oil refining in Africa There are a total of 42 refineries […]

Fixing refining business in Nigeria

CSR,Fuel Pricing, Marginal Oil Fields, Technology,Alternative Fuel, oil revenue, Refining business

The issue of deregulation of petrol (PMS) price has been a contentious issue for over two decades, as well as the deregulation of the refining business in Nigeria. However, we need to be clear on what the challenges are and how we go about deregulating the entire downstream petroleum sector. Deregulating the price of petrol […]