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April 30, 2019

Nigeria
Dangote’s Oil Refinery Central to Nigeria Meeting Its Production Goals

On April 25, the managing director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, said that Aliko Dangote's new Lagos oil refinery is central to the government meeting its ambi…

Nigeria-Dangote-Oil-Refinery-Construction

November 10, 2008

Fossil Fuels
Non-OPEC Oil Production

Non-OPEC oil producers, which turn out most of the world’s oil, are operating near capacity.

October 27, 2016

Sub-Saharan Africa
Recovery of Nigeria’s Oil Production Under Threat

According to the Nigeria National Petroleum Corporation (the state-owned oil company) Nigeria has the capacity to produce 2.5 million barrels of oil per day (bpd). At the beginning of the year, produ…

oil-militants

September 9, 2019

Saudi Arabia
Saudi Arabia’s Oil Vision and the Oil Price Cycle

Saudi Arabia’s oil industry is on the move with strategic changes in leadership, investments, and a broadening of its global businesses. The moves, which include larger investments in refining and pe…

Saudi Arabia's new Energy Minister, Prince Abdulaziz bin Salman takes a tour at the exhibition during the 24th World Energy Congress in Abu Dhabi, United Arab Emirates September 9, 2019. REUTERS/Satish Kumar

May 27, 2016

Sub-Saharan Africa
Nigeria’s Oil Production Down by 40 Percent

Oil is the property of the Nigerian state. Most of it is produced through partnerships between the Nigerian National Petroleum Corporation, which is owned by the state, and private oil companies. Oil…

Nigeria oil tankers

November 15, 2018

Saudi Arabia
Saudi Arabia Considers New Oil Production Cuts Amid Shrinking Budget Deficits

This is a guest post by Jareer Elass, an energy analyst who has covered the Gulf and OPEC for 25 years. He is a regular contributor to the Arab Weekly.  As the 2019 budget season approaches, Saudi…

 Saudi Energy Minister Khalid al-Falih addresses the gathering during India Energy Forum in New Delhi, India, October 15, 2018.

November 29, 2007

Fossil Fuels
Robertson: Prospects for Future Oil Production

Peter J. Robertson, the vice chairman of Chevron Corporation, discusses the likelihood of global oil production meeting demand in the decades to come.

July 26, 2018

NAFTA
Oil Production Has Moved North, and Auto Production South

Both Mexico and the U.S. are in a sense adjusting to (mild) oil shocks ...

Oil Production Has Moved North, and Auto Production South

February 13, 2019

Nigeria
Nigeria Is Oil Dependent, not Oil Rich

At a business breakfast on February 7, Doyin Salami pointed out the elephant in the living room of Nigeria’s economy. The country is not oil rich; rather it is oil dependent. He asked attendees to acknowledge this distinction.

Nigeria-Oil-Pollution-Rivers-State

August 21, 2019

Nigeria
Debt Servicing, Tax Revenue, and Oil in Nigeria

President Buhari is publicly asking the Federal Inland Revenue Service about its failure to meet tax-collecting targets since 2015. Nigerian Federal and state entities have borrowed so much money that debt service now consumes more than 70 percent of revenue, according to the Finance Ministry. 

Tunde Fowler sits and gestures in front of a FIRS logo during an interview.