Tag: Oil and Gas
NNPC Signs Mou With Chinese Firms To Support Port Harcourt, Warri Refineries
Abuja, Nigeria — May 4, 2026 The Nigerian National Petroleum Company Limited (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with two Chinese firms, Sanjiang Chemical Company Limited and Xinganchen Fuzhou Industrial Park Operation and Management Co Ltd. The agreement is aimed at fostering collaboration through a potential Technical Equity Partnership to support the…
Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment
In a significant move aimed at reviving Nigeria’s oil and gas industry and bolstering its contribution to the economy, Wale Edun, OFR, Minister of Finance and Coordinating Minister of the Economy, presided over a signing ceremony endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector. The ceremony took…