The NLNG General Manager Production, Tayo Ogini, said this on Saturday while making a presentation on the facility located at Bonny Island on Saturday.
Browsing: Ibe Kachikwu
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the approved private sector driven Refinery in Mashi, Katsina State will be completed in 2021.
The Senate on Wednesday mandated its Committee on Petroleum Resources (Upstream) to investigate issues relating to ongoing lease renewals in the oil and gas sector of the economy.
Kachikwu said this on Tuesday while declaring open 17th edition of the annual “Nigeria Oil and Gas Strategic Conference and International Exhibition’’ in Abuja on Tuesday.
Kachikwu made the country’s position known in an interview with journalists on Thursday ahead of the 174th Meetings of the OPEC Conference and the OPEC and non-OPEC Ministerial meeting scheduled for Friday and Saturday in Vienna, Austria.
Kachikwu said this in an interview with journalists on the sideline of the 7th OPEC International Seminar taking place in Vienna, Austria, with the theme: “Petroleum: Cooperation for a Sustainable Future”.
Adewale Tinubu, the Group Chief Executive of Oando Plc, will once again reinforce the growth and strength of oil independents at the ongoing 7th Organisation of Petroleum Exporting Countries International Seminar, with the theme: “Petroleum – Cooperation for a Sustainable Future,” in Vienna, Austria
The News Agency of Nigeria reports that OML is a lease granted by the Federal Government to oil companies for the exploration, prospecting or mining and disposal of petroleum products.
A statement in Abuja by the spokesman for the Ministry, Idang Alibi, said Kachikwu was at another investors meeting in the UK.
The was contained in a letter signed by Omar Ben Yedder, the Group Publisher and Managing Director of New African.
The News Agency of Nigeria reports that Under-recovery is the difference (subsidy) paid on products when purchased at a high price and sold below cost price.
According to him, it is time for Nigeria to harness alternative fuel sources like LPG as under-recovery from the importation and sale of petrol at the government-regulated price of N145 per litre has hit N1.4 trillion.
According to the minister, the new multi-billion naira office complex called “The Wings” in Victoria Island, Lagos, is a huge investment made by an indigenous company in the oil and gas industry.
Shortly after the keynote address, Kachikwu would lead a host of seasoned panellists into detailed discussions in order to allay concerns around the newly passed bill which awaits the president’s assent.
NANS President Chinonso Obasi said in a statement issued in Abuja that the hosting a summit of such magnitude for the first time was a good omen for the Nigerian economy.
Kachikwu said this in Abuja at a break-out session of the maiden Nigeria International Petroleum Summit titled: “Deepening collaboration in the African oil and gas industry, challenges and opportunities for investment”.
Kachikwu gave the commendation during his visit to the 3.3 billion dollar Floating Production Storage Offloading vessel at the LADOL yard in Lagos.
This new encouragement was a fallout from the stakeholders’ engagement on changing Nigeria’s crude oil affreightment trade term from FOI to CIF, which was organised by the Nigerian National Petroleum Corporation and the Nigerian Maritime Administration and Safety held on Tuesday at the NNPC towers in Abuja.
This was as one of the Electoral Officers of the Independent National Electoral Commission slumped and died as the election was in progress in Kachikwu’s ward.
Kachikwu, who restated this at a news conference, said President Muhammadu Buhari’s stand on the issue was clear, hence, the ministry was working hard to resolve future occurrence of fuel shortages.