ENERGY FOCUS REPORT JULY 2020

ENERGY FOCUS REPORT JULY 2020


A. INDUSTRY HIGHLIGHTS AND GLOBAL TRENDS
NIGERIA
Oil and Gas
OPEC oil quota breach may precipitate price war
Nigerian Govt misses revenue target on low oil prices and output
DPR states that over 600 oil companies bid for Nigerias 57 marginal oilfields
NNRC seeks total overhaul of Nigeria’s oil & gas sector
World Bank estimates Nigerias oil revenue to shrink by 70% in 2020
NEITI seeks abolition of Nigeria’s Excess Crude Account
Ecobank, Sahara Energy opt for amicable settlement over $14m lawsuit
NCDMB signs $25m pact on energy park, blending plant in Edo, Bayelsa states
IPMAN threatens strike over hike in petrol price
Sinosure to fund the $2.6bn Ajaokuta- Kaduna Pipeline
NCDMB discloses that –Nigeria is developing strategies to realize gas commercialization objectives
Power
PHED unveils easy payment system
NERC issues guidelines on distribution franchising in the Nigerian Electricity Supply Industry
National Assembly halts planned hike in electricity tariffs
DisCos urge FG to fund planned meter rollout before 2024 deadline…continue reading



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