The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has expressed concerns that the 2017 budget implementation will be affected by uncertainties in the global oil market. Kachikwu told journalists on Wednesday in Abuja the Ministry of Finance and the Federal Executive Council were, however, working on measures to cushion the impacts of the […]
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The Nigerian Agip Oil Company (NAOC) has accepted to build a 150,000 barrels per day refinery in either Port Harcourt or Brass worth 15 billion US dollars, the Minister of State, Petroleum, Dr Ibe Kachikwu said on Tuesday. Kachikwu briefed State House Correspondents on the deal after a meeting with acting President Yemi Osinbajo with […]
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Ibe Kachikwu, minister of state for petroleum, says every year, Nigeria loses at least $80 billion to vandalism of oil facilities in the Niger Delta region. Militants are responsible for attacks on oil assets. Kachikwu made this known at the resumed dialogue with Niger Delta stakeholders in Yenagoa, Bayelsa state capital. Acting President Yemi Osinbajo […]
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Some workers coordinated by the Nigeria Labour Congress (NLC) took to the streets on Thursday in Lagos and Abuja to protest what they described as the worsening human condition. They called on the Federal Government to formulate policies that would reduce hardships and improve the lives of workers. The Acting Nigerian President, Prof. Yemi Osinbajo, […]
Continue ReadingThe Federal Government and the ExxonMobil branch of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have reached an agreement to end the union’s strike. This is according to a communique signed by Mr Francis Johnson, PENGASSAN; Falonipe Amos, Ministry of Petroleum; Isa Inuwa, NNPC; and Udom Inoyo, Mobil. Aggrieved oil workers […]
Continue ReadingSpeaking to Richard Quest on CNN’s Quest Means Business on Monday night, Ibe Kachikwu, minister of state for petroleum resources, responded to a question suggesting that the military was leaving the northeast for the Niger Delta to guide pipelines, which means “the oil is better than the human”. Kachikwu in his answer, says the recovery […]
Continue ReadingBy: Yushau A. Shuaib While Crisis Management and Reputation Management are Public Relations functions, Conflict Management is another process of limiting the negative aspects of conflicts while increasing the positive aspects. An interesting feature of President Muhammadu Buhari’s cabinet and in fact his ruling party, All Progressives Congress (APC) is the amalgamation of good fighters […]
Continue ReadingNigeria’s Minister of state for Petroleum Resources, Ibe Kachikwu, has disclosed that President Muhammadu Buhari is yet to allocate oil bloc, but when he eventually starts allocating, south-south skilled indigenes will have their share. Speaking at a town hall meeting in Uyo, capital of Akwa-Ibom state, organised by the ministry of information and culture, the minister […]
Continue ReadingNigeria’s crude oil production has declined massively from an average of 2.2 million barrels per day last year to about 1.4 million barrels per day due to increased vandalism of crude oil pipelines by vandals. The Minister of State for Petroleum Resources, Ibe Kachikwu, said on Monday while appearing before a special session of the […]
Continue ReadingWe have just finished a meeting of various stakeholders presided over by His Excellency, the Vice President of the Federal Republic of Nigeria. The meeting had in attendance the Leadership of the Senate, House of Representatives, Governors Forum, and Labour Unions (NLC, TUC, NUPENG, and PENGASSAN). The meeting reviewed: 1. The current fuel scarcity and […]
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