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The idea of the trans-Saharan pipeline was first proposed in the 1970s. [1] On 14 January 2002, the Nigerian National Petroleum Corporation (NNPC) and Algerian national oil and gas company Sonatrach signed the Memorandum of Understanding for preparations of the project. [2]
HDPE pipe is a type of flexible plastic pipe used to transfer fluids and gases. It is often employed for replacing aging concrete or steel main pipelines . Constructed from the thermoplastic HDPE (high-density polyethylene ), it has low permeability and robust molecular bonding, making it suitable for high-pressure pipelines .
In July 2022, Dangote - Nigeria's richest resident - had to borrow 187 billion naira (about 442 million USD) at 12.75% resp. 13.5% p.a. to complete the refinery. [8] At the same time, all of the four refineries of the state-owned oil company NNPC (in Kaduna , Port Harcourt [ 9 ] and Warri ) are idle and expect to process crude oil again in 2023 ...
The consensus analyst estimate for this year's earnings per share is $1.80 (34% growth), and the estimated dividend per share is $0.54 (80% growth).
A look inside a victorious Chiefs Christmas Day locker room! Travis Kelce, Patrick Mahomes and even Andy Reid, as Santa Claus, are feeling the holiday spirit.
Despite oil's prominent role in national affairs, up to this time, the Nigerian federal government had only limited involvement in the oil industry, and the government confined its financial involvement in the oil industry to taxes and royalties on the oil companies. The companies were subsequently able to set their own price on the petroleum ...
Image source: Getty Images. 1. Lockheed Martin. After its stock price reached an all-time high earlier this year, Lockheed Martin and its defense contractor peers have sold off considerably over ...
Nigeria National Petroleum: Oil and gas 9,706 1,877 2 Nigeria Liquefied Natural Gas: Oil and gas 6,315 ... 3 MTN Nigeria: Telecommunications 3,514 536 4 Dangote Cement: Cement 2,699 721 5 Nigerian Petroleum Development: Oil and gas 2,686 219 6 Flour Mills of Nigeria: Agroindustry 2,014 67 7 Airtel Nigeria: Telecommunications 1,503 343 8 ...