Speaking after inspecting the pavilions of the various Nigerian oil and gas companies participating in the 2014 OTC, with the theme: “Asset Divestment in the Nigerian Oil and Gas Industry: Opportunities and Challenges,” Yakubu noted that the exposure offered by the OTC has made the companies better organized and more efficient
Browsing: Andrew Yakubu
Speaking after inspecting the pavilions of the various Nigerian oil and gas companies participating in the 2014 OTC, with the theme: “Asset Divestment in the Nigerian Oil and Gas Industry: Opportunities and Challenges,” Yakubu noted that the exposure offered by the OTC has made the companies better organized and more efficient
The Corporation noted that some hackers and internet scam artists had broken into the personal email account of the NNPC GMD early on Wednesday and have been using the account to send all manners of scam letters and phantom contract deals to some highly placed contacts within and outside the oil and gas industr
The NNPC Group Managing Director, Andrew Yakubu, gave the figures at the ongoing Nigeria Oil and Gas conference in Abuja
In his address entitled: “Nigeria’s Strategy to Maintain its Position as Africa’s Leading Producer,” Yakubu said that 397 Oil Licence Blocks were still open and active
The statement quoted the Group Managing Director of the corporation, Andrew Yakubu, as saying that the increase in the number of allocation was to reduce the noticeable queues in fuel stations
Yakubu made this known in Abuja on Wednesday during the budget defence by the NNPC before the Senator Emmanuel Paulker-led Senate Committee on Petroleum Resources (Upstream)
The other reasons for the high price of kerosene, according to Yakubu, include sharp practices by middlemen, usage for road construction and aviation fuel, among others
The statement said this was not the first time the CBN governor would be making wild allegations about the NNPC
HURIWA also asked the NNPC to blame itself squarely for the persistent pessimism and cynicism among the Nigerian populace regarding the lack of transparency and accountability in the administration of public fund by the corporation
It is preposterous for anyone to believe such a claim. To start with, we have to credit even thieves with some sense. Even the most daring or daftest of all leaders will not just corner more than two-third proportion of a national wealth and spirit it into hidden accounts
“The critical and most important point to note here is that when the artery conveying crude oil to the terminals is hit, this reduces our production volume by 150,000 barrels per day and for the period that the line is down and that accounts for the drop in crude oil production
Yakubu’s assurance was contained in a statement by the Group General Manager, Public Affairs of the Corporation, Tumini Green, on Wednesday in Abuja
Top on the reform agenda of the government, according to Yakubu, is the determined efforts of the Federal Government to ensure that the country’s three refineries – the Warri Refinery and Petrochemical Company, the Port Harcourt Refinery and Petrochemical Company and the Kaduna Refinery and Petrochemical Company – become fully operational
He said that it was unimaginable that the NNPC, which operated in a lucrative sector, could claim to be making losses and as such was not returning its operating surpluses
He said: “The corporation wishes to seek the consideration, appreciation and support of the committee to exempt the NNPC from the remittance of operating surplus to the consolidated revenue fund
The gunmen trailed the deceased from Kaduna in Kaduna State on his way to Zango Kataf, also in Kaduna State
Addressing journalists during the visit of the Group Managing Director of NNPC, Andrew Yakubu, who was in Ogun State on Tuesday to assess actions taken so far to secure the critical System 2B Pipeline at Arepo, Momoh said that the deployment of technology to make pipeline inaccessible to vandals would boost adequate supply of PMS all over the country