The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mr Mohammad Barkindo, has congratulated Mr Timipre Sylva on his appointment as Nigeria’s Minister of State for Petroleum Resources. Barkindo disclosed this in a statement issued on Wednesday. He described the newly-appointed minister is a veteran of the oil industry in Nigeria, where he…
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that 692 million barrels of crude oil was produced in the country in 2017. NEITI disclosed this in its report, entitled, “pilot study on commodity trading for 2017” and released in Abuja, on Thursday. “The total crude oil production for 2017 was 692 million barrels. Out of…
President of Shipowners Association of Nigeria (SOAN), Dr Mkgeorge Onyung, says the Shipping Expo exhibition will create more employment and investment opportunities toward boosting the nation’s economy. Onyung, who made the disclosure at a news briefing in Lagos on Thursday, said that the theme of the expo: “The Ocean Blue Economy and National Development”, was…
The Nigerian Electricity Regulatory Commission (NERC) said the planned increase in tariff was done through consultation with Electricity Distribution Companies (DisCos) and stakeholders in the sector. Prof. John Momoh, Chairman of NERC, said this to newsmen on Thursday in Abuja during the assumption of office of the new Minister of Power, Mr Sale Mamman. NERC on…
A major player in the oil and gas industry, Exxon Mobil, has attributed its landmark achievements in the Nigerian oil and gas sector to the Nigerian National Petroleum Corporation (NNPC), noting that the result-oriented leadership provided by the corporation has helped a great deal in growing the energy sector in Nigeria. The Chairman and Managing…
The newly inaugurated Minister of State, Petroleum, Mr Timipre Silva, has pledged his readiness to work with all to ensure a viable oil and gas sector. Silva made this known when he was received by the Permanent Secretary, Directors and heads of all the Parastatal agencies under the ministry, in Abuja, on Wednesday. “Thank you…
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has said that the plan of the corporation is to make Nigeria a net exporter of petroleum products by 2023. Speaking in Lagos on Thursday at the National Association of Energy Correspondents (NAEC) annual conference, Kyari said in a bid to achieve…
Oil marketers on Wednesday urged the newly appointed Minster of State for Petroleum Resources, Mr Timipire Sylva, to push for the passage of the Petroleum Industry and Governance Bill (PIGB) in order to put the industry on a sound footing. The marketers, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Independent…
The Transmission Company of Nigeria (TCN), says that the Federal Government has approved N600 billon for electricity market to boost power supply. Mr Edmund Ejie, the Market Operator of TCN said this on Wednesday in Abuja, at the 3rd quarter Participants and Stakeholders Interactive forum for 2019. The forum has as its theme: “Rules Compliance for…
Mr Sam Amadi, former Executive Chairman of the Nigerian Electricity Regulatory Commission (NERC) has called for strong regulations to drive the power sector for effective service delivery. Amadi spoke on Wednesday in Abuja at the 3rd quarter Participants and Stakeholders Interactive forum for 2019. The forum has as its theme “Rules Compliance for Nigerian Electricity Market…
