Kachikwu Hopeful Oil Supply Cut Deal Would Be Extended The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday said in Jeddah, Saudi Arabia, that he hoped the crude oil supply cut agreement between the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members...

Increasing Oil Price Pushes Petrol Landing Cost Above N180 The landing cost of Premium Motor Spirit (petrol) being imported into the country will rise further on the back of the recent increase in global oil prices. The Minister of State for Petroleum Resources, Dr Ibe Kachikwu,...

FG Wants S/Arabia To Invest In Refineries The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said the Federal Government is asking Saudi Aramco for some investment into the nation’s refineries. Kachikwu stated this on Wednesday while speaking with ‘Bloomberg Daybreak: Americas’ on the...

  Petrol Landing Cost Now N180 per Litre - Kachikwu The landing cost of Premium Motor Spirit, also known as petrol, is N35 higher than the pump price of N145 per litre, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said on Tuesday. Kachikwu said...

Poor Infrastructure Hindering Nigeria's Shift To LPG, Says Kachikwu   The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has given reasons why more Nigerians have not switched to using liquefied petroleum gas (LPG) for cooking and undertaking other domestic activities. Kachikwu, at a recent launch...

Kachikwu Laments Under-development Of Nigeria's Oil Industry   The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has decried the state of the nation’s oil and gas industry, which he described as under-developed. Kachikwu lamented that crude oil production in the country had been hovering around...