Buhari Rejoices With Petroleum Minister, Timipre Sylva, at 58   President Muhammadu Buhari has sent good wishes to the Minister of State, Petroleum Resources, Timipre Sylva, on his 58th birthday, which was marked on Thursday. The President in a statement by his spokesman, Femi Adesina, lauded Sylva...

Nigeria, others to Benefit from $13bn Trans Sahara Gas Project   The federal government has disclosed that the $13 billion Trans Sahara Gas Pipelines (TSGP) project will give Nigeria, Niger, and Algeria a huge opportunity to tap into European markets and boost economic growth on the...

FG Threatens To Sanction Depot Owners Selling PMS Above Approved Price The federal government says it will impose sanctions on depot owners selling petroleum products above the approved ex-depot price. Timipre Sylva, minister of state, petroleum resources, said this on Thursday in Abuja while briefing journalists...

Nigeria Signs MoU On Gas Supply To Equatorial Guinea   Nigeria and Equatorial Guinea on Tuesday signed a Memorandum of Understanding for the supply of gas from Nigerian offshore fields to Equatorial Guinea gas processing facility at Punta Europa. Speaking at the MoU signing ceremony in Abuja,...

Buhari Won't Fix Refineries, Passes Buck To Next Administration   The administration of President Muhammadu Buhari will not be able to complete the repairs of the comatose refineries and will be expecting the next government to continue with it. The Minister of State for Petroleum Resources, Timipre...

Nigeria’s Oil Reserves Dropped By 543m Barrels – OPEC           The 2021 Annual Statistical Bulletin of the Organisation of Petroleum Exporting Countries released on Wednesday showed a drop of 543 million barrels in the crude oil reserves of Nigeria. Figures on world proven oil reserves by country...