Energy articles

NNPC Vows To Revive Nigeria’s Refineries

NNPC Vows To Revive Nigeria’s Refineries

The Nigerian National Petroleum Corporation (NNPC) has vowed to get the nation’s four refineries back to their optimal, working capacities. Group Managing Director of the corporation, Dr. Maikanti Baru made the promise at the weekend, shortly after receiving the Man of the Year Award from a Lagos-based daily. According to a statement signed on Monday

Kachikwu to lead discussions at Energie Platform Lecture Series today

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, will today at the Energie Platform Lecture Series share his thoughts on the progress made so far on the Joint Venture (JV) cash call the country exited last year.   The Minister will be speaking on the theme titled, “The Role of PIGB in Sustaining

Newly Appointed OVH Energy CEO, Huub Stokman Hosts Akinlaja, NARTO Stakeholders in Lagos

By Emmanuel Ajibulu Mr. Huub Stokman the CEO of leading downstream company in Nigeria, OVH Energy on Thursday (March 8, 2018) hosted Chairman House of Representatives Committee on Petroleum Resources Downstream, Hon Joseph Akinlaja and other key stakeholders of the National Road Transport Owners (NARTO). This is the first time Mr Stokman would be holding such high

PIGB: We won’t sack DPR, PPPRA workers, says Kachikwu

The establishment of a new regulatory agency, the Nigeria Petroleum Regulatory Commission, as captured in the Petroleum Industry Governance Bill, will not lead to the mass retrenchment of workers in three agencies that are currently under the Federal Ministry of Petroleum Resources.   According to the Minister of State for Petroleum Resources, Ibe Kachikwu, fears

‘PIB won’t address Niger Delta crisis’  

The Executive Director, Environmental Right Action, (ERA), Dr. Godwin Ojo, says the Petroleum Industry Bill (PIB) would not address the lingering crisis in the oil-rich Niger Delta, noting that halt of oil spills and gas flaring, the root causes of the agitation in the zone, were not captured in the piece of legislation. He argued that there

We subsidise petrol with N774 million daily – NNPC

Nigerian National Petroleum Corporation (NNPC) has said that it loses N774 million daily on under-recovery due to the increase in petrol consumption in the country. The corporation has refused to use the term subsidy in reference to how much it spends in keeping the official price of petrol at N145 at filling stations, although it