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Mallam Mele Kyari, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), says allocation of three per cent oil companies operating expense to host communities is higher than 30 per cent of profit oil and gas…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva says the modular refinery programme to boost local production of crude oil in the country is on course. Sylva disclosed this in Abuja, on Tuesday. He said that…
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Despite boasting of a 206 trillion standard cubic feet of gas reserves and topping major countries, Nigeria’s per capita consumption of gas is the lowest in the sub-Saharan African region, Ministers of State for Petroleum Resources,…
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The Niger Delta Congress, NDC, has vowed to take legal action against the Royal Dutch Shell, should her subsidiaries in Nigeria failed to fix the environmental carnage it has created in the Niger Delta region, before her planned…
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The Nigerian National Petroleum Corporation, NNPC, is working with investors for the establishment of new 250,000 barrels per stream day refineries. NNPC’s Group General Manager, Greenfield Refineries and Project Division, GRPD, and…
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*The Customs C-G had accused the DPR of giving licences to petrol stations around Nigeria's borders in violation of existing laws. DPR denies the accusation The Department of Petroleum Resources (DPR) has denied claims by the…
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The passage of the Petroleum Industry Bill, as well as Nigeria’s gas initiatives, will help transform Nigeria into a gas-based industrialized nation and also create a better-managed petroleum industry with more value addition for both…
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Nigerian Petroleum Development Company Limited (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has expressed readiness to start oil exploration in Ogoniland. The NPDC has also declared that it would…
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The federal government has set timeline for the implementation of the Petroleum Industry Act (PIA). This followed the inauguration of a nine-member steering committee headed by Timipre Sylva, minister of state on petroleum. Last…
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Oil prices rose more than 5% on Monday, recovering from a seven-day losing streak due to a weaker dollar and strength in global equities markets. "Although the oil complex has generally been able to shrug off strength in the stock…
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