The Federal Government has ordered foreign oil and gas companies operating in the nation’s hydro-carbon resources industry to offset all forms of tax arrears, estimated to be over $20 billion immediately. A news report by Reuters linked the directive to a letter sent to the companies earlier this year by the Nigerian National Petroleum Corporation […]
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday said that the Federal Government was committed to ensuring that at least three modular refineries become operational as from next year. Kachikwu, who gave this hint at the 18th Biennial International Conference for Health, Safety and Environment (HSE) in Lagos, noted that the […]
The Federal Government at the weekend hinted that it was targeting the delivery of about 3.4 billion standard cubic feet of gas(scft) per day to meet the medium-term supply demand in the domestic market by 2020. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who made the disclosure at the 2018 convocation of […]
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday said that Federal Government was committed to timely completion of the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project to ensure that economic challenges being witnessed in the Northern region due to shortage of gas supply were addressed. Kachikwu, who gave this hint at a breakout […]
Determined to cut the huge amount the country is spending daily to import refined petroleum products and bridge the supply gap in the domestic market, the Federal Government has unveiled plans to reel out a new policy that will require operating companies to refine locally at least 20 percent of the crude oil they produce […]
The Federal Government has ordered Exploration and Production (E & P) companies operating in the upstream sub-sector of the nation’s hydro-carbon resources industry to end gas flaring by 2019 or risk stoppage of operations completely. The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, gave the hint on government’s position during the 2018 Buyers’ […]