APRNEWS - With increased global competition in the crude oil production space, and the need to find a solution to the rising subsidy payments, the Nigerian National Petroleum Corporation (NNPC), has said the country needs a refining capacity of about 1.52 million barrels per stream day (MBPSD), to meet its premium motor spirit (PMS) requirement by 2025. 
  

REUTERS - Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the oil sector if he becomes president next year, according to a draft copy of his manifesto.

He plans to re-consider introducing bidding rounds for marginal fields and oil blocks, privatizing government-owned crude refineries and issuing new licenses for greenfield investments in refineries, the draft said.