The Nigerian National Petroleum Corporation has reduced its importation of Premium Motor Spirit, popularly known as petrol, from about 95 per cent to 50 per cent, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. According to Kachikwu, the reduction has paved...

The four refineries belonging to the Federal Government may end up as scrap once the Dangote Group begins processing crude oil at its refinery in Lagos by 2019, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. According to him, if the...

The large scale air pollution by international oil companies (IOCs) through gas flaring will officially continue in Nigeria until 2020, putting up $3.4 billion worth of gas up in flames during the period, New Telegraph has learnt. The Federal Government, which had since late 1970s...

The Nigerian National Petroleum Corporation said that there was a need to expand the country’s gas exploration efforts in its sedimentary oil and gas basins in order to increase the product’s reserve. According to the corporation, out of a total of 209 oil and gas...

The Federal Government may have renamed the Petroleum Industry Bill (PIB) as Petroleum Reform Bill (PRB). The draft bill is expected to be submitted to the National Assembly in the next few weeks. Speaking yesterday in Abuja at the Nigeria Gas Association (NGA) 10th international...

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that the reforms embarked upon by the government are targeted at cutting petroleum products’ importation by at least 60 per cent by 2018 and thereafter position the country for net export by...