Kachikwu - Modular Refineries Can’t Meet Petrol Supply Deficit   The proposed modular refineries in the Delta region cannot bridge the petrol supply deficit in the country, the Minister of State for Petroleum Resources, Ibe Kachikwu, has said. Kachikwu, who briefed State House correspondents at the end...

We’re Expecting Up To $40bn Oil Investments In Five Years – Kachikwu Nigeria would be expecting about $40bn worth of oil investments in the next five years, the Minister of State for Petroleum Resources, Ibe Kachikwu, announced on Monday. He also stated that the country’s refineries...

FG Tells NNPC To Ensure Emergency Fuel Supply The Federal Government on Thursday directed the Nigerian National Petroleum Corporation to source for emergency petrol supply in order to clear queues of motorists at filling stations across the country before the end of this week. According to...

…FG targets 2.2mbd oil output by 2017 …To strip states of 13% derivation proceeds; plans $10bn N-Delta infrastructure fund …Explains why refineries won’t be privatised; Says NNPC corruption allegations are overblown Despite the  crash in the prices of crude oil in the international market, President Muhammadu Buhari, yesterday, stated...