The Minister of State, Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has expressed grave concern and disappointment on the recent pipeline attacks by militants in the Niger Delta region, noting that three attacks have taken place over the last two weeks even whilst efforts were...
The federal government has reached an outline settlement to resolve a protracted dispute with five international oil companies (IOCs), under which the oil firms will be paid $5 billion as arrears of cash calls to cover exploration and production costs.
Financial Times reported that Shell,...
The Nigerian National Petroleum Corporation has defended the recent N4 increase in the pump price of Premium Motor Spirit at its filling stations across the country despite the statement made by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, that the hike...
...Explains some elements in pricing template will be reviewed
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the federal government is not about to increase the price of petrol in the country, at least not in the near future.
Kachikwu, instead, said...
Nigeria will consider the sale of the country’s four refineries only after they have been rehabilitated to work efficiently, minister of Petroleum Resources, Ibe Kachikwu, has said.
Kachikwu said yesterday at a public presentation of short and medium term priorities to grow Nigeria’s oil and...
...Says Nigeria’s survival still depends on oil Industry
...Kachikwu predicts Nigeria’s JV review will lead to oil investment boom
The federal government under the watch of President Muhammadu Buhari plans a $10 billion infrastructure development fund for the oil-rich but restive Niger Delta, the Minister of...
