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The Nigerian National Petroleum Corporation (NNPC) has urged Nigerians to disregard rumours of an impending scarcity of petrol in the country. In a statement issued by Ndu Ughamadu, NNPC spokesman on Thursday, the corporation said such…
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The Minister of Finance, Mrs. Zainab Ahmed, has said the Federal Government will look into gradual removal of fuel subsidy as part of strategies to boost revenue. Ahmed said this on Thursday on the sideline of the IMF/World Bank…
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Group Managing Director of the Nigeria National Petroleum Company (NNPC), Dr. Maikanti Baru, yesterday expressed the hope that completion of the ongoing rehabilitation of the nation’s refineries in Port-Harcourt, Kaduna and Warri would…
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The Nigerian government has approved the request to revoke the licences of six Oil Mining Leases (OMLs) and one oil prospecting lease (OPL), in the onshore, shallow water and deepwater Niger Delta basin. The request was made by the…
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The Federal Government has entered into negotiations with Pan Ocean Oil Corporation to resolve the issues surrounding Oil Mining Lease, OML, 98 in the Niger Delta. The source noted that Pan Ocean had agreed to work with the government…
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Worried by the consistent flouting of enabling legislation aimed at curbing gas flaring, stakeholders in the oil and gas sector have called for strict enforcement of the recently enacted Flared Gas ( Prevention and Waste) Regulation, 2018.…
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Petrocam Nigeria Limited has said it would build a refinery in-country only when the Federal Government fully deregulates the downstream subsector of the oil industry. The Chief Executive officer of the firm, Mr. Patrick Ilo, stated…
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Petroleum Minister, Dr. Ibe Kachikwu has challenged crude oil exploration and production companies operating within Nigeria to seek to raise output from the current 2.1m barrels a day to a whopping 7 million barrels within the foreseeable…
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The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said on Thursday that the Federal Government was working assiduously to ensure installation of gas filling plants in each of the 774 Local Government Areas in the country. …
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*Hints on signing PGIB in June The Minister of States for Petroleum Resources, Ibe Kachikwu, has dispelled reports that the federal government is willing to sell off its stake in the refineries, including the Nigerian National…
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