The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, gave the assurance on Saturday at the 2018 Graduation of Petroleum Training Institute, Effurun, Delta.
Browsing: Idang Alibi
The minister made the clarification in a statement signed by the Director of Press in the Ministry of Petroleum Resources, Idang Alibi, in Abuja, on Thursday.
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.
A statement by Idang Alibi, the Director, Press and Public Relations in the ministry, said Kachikwu was chosen in the category of Business and Finance.
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.
Idang Alibi, the Director of Press in the ministry, in a statement on Thursday night clarified the minister’s submission made to the joint committee of the National Assembly on Petroleum Downstream
In a statement by the Director of Press in the Ministry of Petroleum Resources, Idang Alibi, the Minister said the message and its content are false.
A statement in Abuja on Wednesday by the Director of Press in the Ministry, Idang Alibi, said the policy articulated the vision of the Federal Government for improving the petroleum sector.