Sylva To Launch $50m Oil Industry Research, Development Fund Protocol       The Minister of State for Petroleum Resources, Chief Timipre Sylva, will next week launch the oil and gas Research and Development (R&D) Fund Utilisation Protocol put in place by the Nigerian Content Development and Monitoring...

We’ll Keep Promoting Gas As Alternative To Petrol, Says FG       The Federal Government will continue to promote the use of natural gas as an alternative to Premium Motor Spirit, popularly called petrol, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said. Sylva said...

Fuel Subsidy Still Remains For Now, Says Sylva       The signing of the Petroleum Industry Bill (PIB) into law by President Muhammadu Buhari does not translate into automatic removal of the Premium Motor Spirit (PMS) subsidy, Minister of State for Petroleum Resources Timipre Sylva has assured. Sylva,...

Petrol Subsidy Ends After Buhari Signs PIB, Says Sylva     The assent of the Petroleum Industry Bill by President Muhammadu Buhari will put an end to petrol subsidy in Nigeria, the Minister of State for Petroleum Resources, Chief Timipre Sylva, announced on Monday. Sylva announced this while...

Nigeria’ll Export Petrol In Two Years – NNPC       The Nigerian National Petroleum Corporation (NNPC) on Tuesday said refined petroleum products would be exported from Nigeria to other countries in the next two years. Nigeria currently imports refined petroleum products such as petrol, kerosene, diesel, etc, while...

FG, Shell In Talks Over Sale Of Nigerian Oil Assets       The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said the Federal Government is in talks with Shell over the planned sale of the company’s stakes in Nigeria’s onshore oil assets. The Nigerian oil...