French energy group Total (TOTF.PA) announced plans on Monday to step up cost cuts and suspend its share buyback program in order to deal with a slump in oil prices.
Following the drop in crude oil prices, the expected open market price of imported petrol has gone below the official pump price of N145 per litre.
Nigerian President Buhari, is currently shifting the country’s upstream operation towards NGLs and natural gas, in a bid to comply with its crude production quota under the OPEC+ agreement.
India is gradually becoming vital for the future of the global energy markets. In recent years, the government appears to be making impressive progress in increasing citizens’ access to electricity and clean cooking.
“Openness should cover all stages of the contracting process, namely the planning, allocation and award, as well as information about contract terms and their implementation,” the groups insist.
