Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri has said the twin problem of petrol smuggling and vandalism is caused by the products subsidy and corroded pipelines. Lokpobiri made this known at the just-concluded Energy and Labour Summit 2024 organised by Petroleum and Natural Gas Senior Staff Association of Nigeria in Abuja. According to […]
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The Minister of State for Petroleum Resources, Ibe Kachikwu has disclosed that the Federal Government of Nigeria now spends N1.4 trillion on subsidising Premium Motor Spirit, popularly called petrol. Mr. Kachikwu disclosed this while speaking at a Liquefied Petroleum Gas workshop organised by the Federal Ministry of Petroleum Resources in Abuja on Thursday. The Nigerian […]
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 […]
Continue ReadingNigeria’s minister of state for petroleum resources, Ibe Kachikwu, has disclosed that Nigerian National Petroleum Corporation’s refineries will soon be producing aviation fuel. Dr. Kachikwu, who met with Hadi Sirika, his counterpart in the aviation ministry, said that although the refineries are not producing aviation fuel for now, efforts will be made in due course […]
Continue ReadingIn the face of the current fuel scarcity, the Minister of State for Petroleum, Ibe Kachikwu, few days back commented that he could not do magic to end the crisis. His comment has angered some groups, including the South South APC, NANS and some Civil Society Organisations, who have called for the minister’s resignation. The Minister, […]
Continue ReadingNigeria’s minister of state for petroleum resources, Ibe Kachikwu, yesterday (Monday) spoke at the sixth African Petroleum Congress in Abuja, where he gave a fine rendition of a poem on oil, expressing assurance that its prices would rise again. Kachikwu said the prices may not rise too high, but they would also not stay too low. […]
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