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The Minister of State, Petroleum Resources, Dr Ibe Kachikwu, has officially flagged off the Department of Petroleum Resources (DPR) newly computerised Crude Oil and LNG Tracking (COLT), Automatic Downstream System (ADS) and other…
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The Federal Government has forced oil companies operating in Nigeria to cough out the princely sum of N1.2 trillion in royalty arrears. The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, stated this on Monday in Lagos at…
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Notwithstanding the volatility recorded by crude oil price since December last year, the federal government has reiterated that there was no cause for alarm about the benchmark price for crude oil in the 2019 Appropriation Bill The…
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Amidst fears that oil price benchmark for 2019 budget may fail the test of prudence following stalemate in commodity price rally since this year, the Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, has said that…
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Minister of State for Petroleum Resources Ibe Kachikwu says the Federal Government, through automation initiatives by the Department of Petroleum Resources (DPR), has realized over N1.66 trillion from royalties and renewal of oil…
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday unveiled computerised crude oil and Liquefied Natural Gas (LNG) tracking, automatic downstream system and other automation initiatives. Speaking in Lagos…
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Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu, disclosed that the Federal Government had recovered no less than N1.2 trillion in unpaid royalty from crude oil sales, following the Ministry’s automation…
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Nigeria produced less crude oil in January 2019 that it did in December 2018 by 82,644 barrels per day (bd), current production records obtained from the Ministry of Petroleum Resources yesterday disclosed. According to the…
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Interest rates on pre-funding loan and commercial pricing for Direct Sale-Direct Purchase of crude between the Nigerian National Petroleum Corporation and international oil companies, among few other concerns, are issues that stalled…
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The sleepy town of Ebedei community, Ukwuani local government area, Delta state came alive during the commissioning of Egbaoma gas processing plant by the Group Managing Director , Nigerian National Petroleum Corporation, NNPC, Dr…
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