He noted that the Fuel Plant which was commissioned in 1980 was functioning at 60 per cent capacity, "but shut down on January 15 due to unavailability of crude oil".
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29 January 2018, London — Oil eased below $70 a barrel on Monday as rising U.S. output undermined efforts led by OPEC and Russia to tighten supplies, but prices were still on track for their strongest start to the year in five years. Brent crude futures LCOc1 were down by 77 cents to $69.75 a …
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29 January 2018, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $67.94 a barrel on Friday, compared with $68.46 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Zafiro (Equatorial …
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*President wants African leaders to compile terrorist database *Boko Haram and other African jihadist groups collect ransoms 29 January 2018, Addis Ababa — Nigerian President Muhammadu Buhari urged his fellow African leaders to collaborate to stop ransom payments and all forms of financing for terrorist networks on the continent. The leader of Africa’s most populous …
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29 January 2018, Singapore — Oil prices held firm on Monday, supported by strong demand, a weak dollar and ongoing supply cuts lead by OPEC and Russia, although soaring U.S. output means many analysts expect crude prices to fall later in the year. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $66.34 a …
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29 January 2018, London — Royal Dutch Shell has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footprint. The scale of the buying spree pales in comparison …
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Mkpoikana Udoma 29 January 2018, Sweetcrude, Port Harcourt — The Federal Government has been urged to especially commence new projects in the oil and gas sector, while it consolidates on the gains achieved in the sector in 2017. Chairman, PENGASSAN and NUPENG Joint Committee on Petroleum Industry Bill, PIB, Mr. Chika Onuegbu, told our correspondent …
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