Freedom Square TV

The United Arab Emirates has announced its decision to exit OPEC and the wider OPEC+ framework, a move that could deal a major blow to the oil alliance and its leading member, Saudi Arabia, especially amid heightened global energy tensions linked to the ongoing Iran conflict.   As one of…

The Nigerian National Petroleum Company Limited has dismissed claims that it is disposing of refinery equipment or scrap materials, describing such reports as inaccurate and deceptive.   In a statement issued by its Chief Corporate Communications Officer, Andy Odeh, the company clarified that it has not initiated any bidding process,…

Bayo Ojulari has revealed that Nigeria’s state-owned refineries were being run at an enormous financial loss, a situation that compelled his leadership team to shut them down to stop further damage to the economy.   Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), made…

Senator Heineken Lokpobiri, Nigeria's Minister of State for Petroleum Resources, recently announced that the country's oil production has increased to 1.8 million barrels per day (bpd), up from 1 million bpd. He emphasized that the target is to reach 2.5 million bpd, noting that American companies are showing a growing…

The management of Dangote Petroleum Refinery and Petrochemicals has taken a drastic step by terminating the employment of all its staff as part of a major internal restructuring. This bold move comes in response to what the company describes as persistent sabotage that has posed serious threats to the safety…

The Federal Government of Nigeria has introduced 37 new crude oil evacuation routes in a bold move to combat oil theft and enhance production efficiency in the upstream sector. This was revealed by Mr. Gbenga Komolafe, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), during the…