By Adedapo Adesanya The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the nation’s oil reserves as of January 1, 2024, stood at 37.50 billion barrels, 1.2 per cent higher than the 37.046 billion barrels recorded as of May 2022. This was disclosed during a press conference in Abuja by Mr Gbenga Komolafe, the Chief… Continue reading Nigeria Grows Oil Reserves to 37.50bn Barrels in Six Months
Tag: oil reserves
NUPRC Woos Investors to Explore Nigeria’s Oil, Gas Reserves
By Adedapo Adesanya The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the country’s gas reserves currently stand at 208.83 trillion cubic feet, offering potential investors a huge potential. According to the Chief Executive of NUPRC, Mr Gbenga Komolafe, following the declaration of the year 2020-2030 as Nigeria’s decade of gas, the country became… Continue reading NUPRC Woos Investors to Explore Nigeria’s Oil, Gas Reserves
Atiku Urges FG to Build Strategic Oil Reserves
By Adedapo Adesanya Former Nigerian Vice President, Mr Atiku Abubakar, has called on the federal government to build strategic oil reserves so as to protect the nation from oil price fluctuations. Amid the coronavirus crisis, demand for oil has slumped, with oversupply leading to massive storage issues. Globally, oil prices have been hit by the… Continue reading Atiku Urges FG to Build Strategic Oil Reserves