The Director of the Department of Petroleum Resources (DPR), Engr. Sarki Auwalu, has disclosed that the department generated N2.24 trillion as at August this year, representing 70 percent of its earlier N3.2 trillion revenue target. Auwalu, who disclosed this when he led a team of DPR management on a courtesy visit to the Executive Secretary […]
The Senate on Tuesday flagged off debate on the proposed amendments of the provisions of the Production Sharing Contract (PSC) Act. The bill titled “Deep Offshore and Inland Basin Production Sharing Contract 2004 (amendment) Bill 2019” passed the second reading at plenary session and was subsequently referred to the Senate Committees on Petroleum (Upstream) and […]