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Warri, PH refineries now producing petroleum – Kachikwu

Posted by admin Headlines, Oil Politics Monday, April 25th, 2016

Okechukwu Nnodim, Abuja The Minister of State for Petroleum Resources and Group Managing Director, Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, has announced that the Port Harcourt Refining Company and the Warri Refining and Petrochemical Company are now producing a combined volume of seven million litres of petrol daily. According to him, the PHRC now […]

I never said petrol’ll sell for N40 per litre –Tam David-West

Posted by admin Headlines, Oil Politics Monday, April 11th, 2016

I never said petrol’ll sell for N40 per litre –Tam David-West — 11th April 2016 By Adewale Sanyaolu A former Minister of Petroleum Resources, Prof Tam David-West, has denied newspaper reports, Daily Sun not included, that Buhari will crash the price of petrol to N40 per litre. The Professor of Virology who spoke to Daily Sun in […]

SURVIVING THE TIMES: Bizarre ways Nigerians are going through fuel, electricity crises

Posted by admin Headlines, Oil Politics Saturday, April 9th, 2016

SURVIVING THE TIMES: Bizarre ways Nigerians are going through fuel, electricity crises — 9th April 2016 By VIVIAN ONYEBUKWA Vincent Kalu and TUNDE THOMAS THE past few weeks have been very tough and challenging for many Nigerians. The crippling fuel scarcity and epileptic power supply have added to the burdens of many Nigerians. Although the critical situation […]

Nigeria may sell 40% of future state oil company within 10 years

Posted by admin Headlines, Oil Politics Saturday, April 9th, 2016

Nigeria may sell 40% of future state oil company within 10 years — 8th April 2016 Nigeria’s government may sell 40 percent of a new national oil company within 10 years of its creation, according to a draft law. At least 10 percent of the company will be divested within five first years, according to […]

Fuel scarcity paralyses Lagos, other major cities

Posted by admin Headlines, Lagos, Oil Politics, State News Tuesday, April 5th, 2016

Fuel queues at the Berger end of the Lagos-Ibadan Expressway Akinpelu Dada and ’Femi Asu The scarcity of petrol got worse in many parts of the country on Monday despite assurances by the Nigerian National Petroleum Corporation that the situation would improve. Lagos, which traditionally receives more product than other parts of the country, was […]

We’ve little to show for 16 years of oil boom – Buhari (Very little, indeed)

Posted by admin Latest Politics, Oil Politics Tuesday, April 5th, 2016

lalekan Adetayo President Muhammadu Buhari on Monday regretted that Nigeria has little to show for the huge resources it made from oil in the past 16 years. He said despite the fact that oil sold above $100 per barrel for the greater part of the last 16 years, leaders of the country refused to plan […]

Opinion: Kachikwu and the sins of his fathers

Posted by admin Headlines, Oil Politics, Raw Politics Saturday, April 2nd, 2016

Kachikwu and the sins of his fathers — 29th March 2016 Emma Agu Guest columnist THAT frustration over the slow pace of the economy is beginning to boil over can be deduced from the variegated reactions of various stakeholders of the All Progressives Congress (APC) over a candid opinion expressed by the Minister of Petroleum […]

Minister strikes deal with marketers to end fuel scarcity

Posted by admin Latest Politics, Oil Politics Friday, April 1st, 2016

Minister strikes deal with marketers to end fuel scarcity — 1st April 2016 •IPMAN to flood stations with petrol From Dennis Mernyi, Abuja & Dennis Mernyi, Awka MINISTER of State for Petroleum Resources, Dr. Ibe Kachikwu, has moved to end the leadership tussle in the Independent Petroleum Marketers Association of Nigeria (IPMAN). His peace deal and intervention would get IPMAN […]

FUEL SCARCITY: Tinubu blasts Buhari’s minister

Posted by admin Headlines, Oil Politics, Raw Politics Sunday, March 27th, 2016

0 1 0 “Kachikwu’s flippancy was out-of-line. He was basically telling Nigerians that they should be lucky that they are getting the inadequate supply they now suffer…” Apparently appalled by his seeming lack of empathy and manifest arrogance, a former governor of Lagos State and national leader of the All Progressives Congress, APC, yesterday, lampooned Ibe […]

Oil swap deal: Reps invite Diezani

Posted by admin Headlines, House, Legislature, Oil Politics Tuesday, February 23rd, 2016

Oil swap deal: Reps invite Diezani From Kemi Yesufu, Abuja The House of Representatives adhoc Committee investigating the controversial crude oil swap deal yesterday formally invited former Minister of Petroleum Resources, Diezani Alison-Madueke to clarify her role in the agreement between the Federal Government and some oil companies. In a letter dated February 22 and […]