FG Okays NNPC Oil, Gas Logistics Centre In A’Ibom — Sylva       Chief Timipre Sylva, the Minister of State for Petroleum Resources, said the Federal Government had approved the establishment of Nigeria National Petroleum Corporation (NNPC), oil and gas logistic Centre in Akwa Ibom. Sylva gave the...

PIB Ready For National Assembly - Sylva     The Minister of State, Petroleum Resources, Chief Timipre Sylva, on Thursday assured that the Petroleum Industry Bill (PIB) will be presented to the National Assembly in the next few weeks. Sylva said the executive arm would be requesting the...

Buhari’ll End Fuel Importation In Nigeria, says Sylva     President Muhammadu Buhari is committed to putting an end to the importation of refined petroleum products into Nigeria, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said. Sylva said the government was working to reverse...

FG Moves To Reduce Oil Production Cost To $10     The Federal Government is working towards attaining a $10 per barrel production cost sealing in the oil and gas sector, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said. Sylva, who stated this yesterday...

No Going Back on Petrol Subsidy Removal, Says FG   The Minister of State for Petroleum Resources, Timipre Sylva, said on Thursday that the Federal Government had reached a conclusion that it could no longer bear the burden of petrol subsidy. Sylva said this in a statement...

NCI Fund Receives Additional $150m   The Nigerian Content Intervention Fund (NCI Fund) has received additional $150million, following the expansion of the Fund from $200 million to $350 million. The upward review of the Fund was part of the resolutions reached at June 16, 2020 meeting of...