The price of premium motor spirit (PMS) in Nigeria is likely to go further down in May 2020 with the 17.9 per cent reduction of ex-depot price from US$0.29 per litre to US$0.28 per litre by the Nigerian National Petroleum Corporation (NNPC)
Industry
Saipem and CDP sign energy transition deal
Cassa Depositi e Prestiti (CDP) and energy contractor Saipem have signed a Memorandum of Understanding to study the development of energy transition in Italy and abroad
‘Big oil remains committed to dividend payments as shareholders are prioritised’
Despite a depressed outlook for 2020, big oil remains committed to dividend payments as shareholders are prioritised, said data and analytics company GlobalData
Moody’s reaffirms APICORP Aa2 rating with stable outlook
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has announced that its ‘Aa2’ rating with a ‘stable’ outlook was reaffirmed by Moody’s Investor Service despite current economic and market shocks
May heralds even more disruption and uncertainty for petrochemicals
Nigel Davies, Insights Editor at ICIS, examines the potential for further disruption and uncertainty for the petrochemicals sector in May
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