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  Shell Shortlists Bidders for OML Sale

Whilst the oil and gas world has been transfixed by the kick off of the 2013 marginal fields licensing round, Shell has quietly been shortlisting bidders for its Eastern Niger Delta asset sale.
 
  Petrol Stations Selling Kerosene Above N50 Per Litre Will be Shut: IPMAN

The Independent Petroleum Marketers’ Association of Nigeria (IPMAN) has given a stern warning that any fuel station found to be selling kerosene above N50 per litre will be shut. The Association’s National President, Mr. Aminu Abdulkadir, warned that any station infringing this directive would be shut for 6 months with the possibility of further sanctions.
 
  Chevron Asset Sale – One Winner or Three?

As the first tranche of Chevron assets sell-off draws to a close, it is still unclear who the winner is. Speculation has heightened over whether one overall winner has emerged or whether the assets have been broken up and sold singly. Whilst Britannia-U is said to have put in the highest bid for all three assets in one lot, there are conflicting reports that the winners are of the assets, said to have been sold in separate lots are Seplat, Amni and Belema Oil.
 
  OPEC daily basket price stood at $109.40 a barrel Wednesday, 11 September 2013

The price of OPEC basket of twelve crudes stood at $109.40 dollars a barrel on Wednesday, compared with $109.26 the previous day as the downward price trend since 06 September continues. There is increased market confidence as the international community mull over Russia’s diplomatic solution to the Syrian crisis and the chances of military intervention continues to recede.
 
Africa's Richest Man Bets Big on Oil Refinery

Aliko Dangote Set to Spend $9 Billion on Refinery Project as Wave of Consumerism Sweeps the Continent
 
 
 
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