Kachikwu Re-elected As APPO President The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has been re-elected the President of African Petroleum Producers’ Organisation (APPO), an association of oil producers within the continent. Kachikwu, according to a statement Wednesday from the Deputy Director, Press, in...

Nigeria Complied With OPEC Cut Deal In February, Says Kachikwu The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said Nigeria implemented its portion of the production deal by the Organisation of Petroleum Exporting Countries in February, a move that enhances the impact...

Africa’s Global Oil Exports To Grow By 15% In 2020 - Kachikwu   The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that hydrocarbon-rich African countries including Nigeria, would by 2020 see their oil production and net export to the world grow by...

It 'll Be Difficult For Nigeria To Cut Oil Production, Says Kachikwu As the Organisation of Petroleum Exporting Countries is keen to extend efforts to ward off oil supply glut and prop up prices, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has...

Nigeria Currently Facing Energy Dilemma Says Kachikwu   The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that the country is facing an energy dilemma that needs to be addressed to boost economic development. Kachikwu stated this on Tuesday at the on-going annual conference...

Petrol: Subsidy To Exceed $3.85bn Estimate A bi-monthly update report on the state of Nigeria’s economy prepared by Lagos-based economic research and analyses firm, Financial Derivatives Company (FDC), has disclosed that with the rising prices of crude oil at the international market, petrol subsidy will...