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The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, has received in audience, the Director-General of the Infrastructure Concession Regulatory Commission, Engr. Chidi Izuwah and the top management of the…
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The Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC), yesterday disclosed that, Nigeria has attained 2.8 million barrel per day, despite the spate of oil theft ravaging the industry. Kyari who disclosed…
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To curb petroleum products’ diversion and aid effective distribution of PMS, otherwise known as petrol, the Minister of State, Petroleum Resources, Timipre Sylva, has unveiled ‘Operation White’ project geared towards ensuring transparency…
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*As senate passes Production Sharing amendment Bill Future Managing Director of the Nigerian National Petroleum Corporation( NNPC) faces a possible five-year jail term with an option of N500 million where it fails to call on the…
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Nigerian National Assembly has expressed the zeal to pass the Production Sharing Contract bill into law even as a precursor to the determination of the Petroleum Industry Bill (PIB). Chairman of the National Assembly, Senator Ahmad…
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Security operatives seize N1.4bn items, arrest 317 smugglersCustoms: We’ve saved 10m litres of PMS from being smuggled out The Federal Government has banned all importation of goods, whether contraband or not, through land borders until…
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* N1.4bn goods confiscated, says Customs boss The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, yesterday clarified that the closure of all land borders manned by the Nigeria Customs Service (NCS) and other…
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*The Federal Government has said that a target of three million barrels per day of oil production has been set and steps are being taken to realise it before the end of 2023. This is according to the Group Managing Director of the…
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*as lawan assures passage of PIGB next year*insists review of PSC Act a done deal Minister of Petroleum Resources, Timpre Sylva has said reviewing the deep offshore and Inland Basin Production Sharing Contract Act 2004 to meet current…
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The Minister of State for Petroleum, Timpre Sylva, Monday blamed the dwindling oil reserves on none passage of Petroleum Industry Bill (PIB). He disclosed that in 12 years, between 2007-2019, only 500million barrels of oil were added to…
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