Nigeria is seeking a consensus among members of the Organisation of Petroleum Exporting Countries as regards talks concerning crude oil production freeze. The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, who represented the...

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that the lingering fuel scarcity in the country will disappear in 48 hours beginning from Abuja and Lagos while long queues across the states will end by the weekend. Kachikwu said this yesterday as...

The minister of state for petroleum resources, Mr. Ibe Kachikwu, has revealed that between $300 million and $500 million will be required to fix the four refineries in Warri, Port Harcourt and Kaduna for effective service delivery. Kachikwu who doubles as the group managing director...

Workers of the Nigerian National Petroleum Corporation (NNPC) under the auspices of the two major unions, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG), have started a nationwide strike, protest against...

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Thursday disclosed that the federal government would next week announce the final outcome of its planned major overhaul of the Nigerian National Petroleum Corporation (NNPC). Kachikwu in Abuja said that the structural overhaul would...

There was renewed hope about the possibility of a rise in oil prices as the world’s top oil producers, Russia and Saudi Arabia, agreed to a production output freeze to tackle oil glut, as long as other countries are ready to do same. Other producers...