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Nigeria’ll Resist Oil Output Cuts- Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that the government will resist crude oil output cuts until it meets with the Organisation of Petroleum Exporting Countries (OPEC) and Russia later this month. The Minister of State for Petroleum Resources, Dr....

FG Pledges Support for Dangote Refinery

The Federal Government has promised to support Dangote refinery to fast track its completion and fulfill promise of ending fuel importation by December 2019. The Minister of State Petroleum, Ibe Kachikwu, made the disclosure during a visit to the Dangote Oil Refinery site at the...

FEC Approves New Policies For Oil, Labour

The Federal Executive Council (FEC) has approved new policies for oil and labour sectors of the economy. The Minister of State for Petroleum Resources Dr. Ibe Kachikwu and Minister of Labour Chris Ngige spoke to State House correspondents at the end of the council meeting...

Uncertainties in Oil Market Threaten 2017 Budget

Implementation of 2017 Budget is under threat by uncertainties in the global oil market, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said. Kachikwu told journalists on Wednesday in Abuja that the Ministry of Finance and the Federal Executive Council were, however,...

NNPC Secures $2Billion Discounts on Renegotiated Upstream Contracts

…As NNPC GMD Marks a Year Anniversary The Nigerian National Petroleum Corporation, NNPC, has secured $2billion discounts in the last one year from renegotiated Upstream contracts being executed by its various service providers. The Corporation said the feat was achieved in the quest to continually drive...

FG Applauds PENGASSAN for Cordial Industrial Harmony

The Federal Government has commended the leadership and membership of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) for their relentless collaborative effort in ensuring stability in the Nigeria Oil and Gas Industry. President Muhammadu Buhari gave this commendation in his keynote address...