The Minister of Petroleum Resources, Timipre Sylva has said that the proposed Petroleum Industry Bill (PIB) should include the significant lowering on onshore taxes for new investments and for existing operations.
He said the…
The Managing Director (Downstream), Aiteo Group, Mr Ewariezi Useh has said that modular refineries sprouting in different parts of the country cannot be relied on to meet fuel demand in the country.
Useh who made disclosure during the…
Chibisi Ohakah, Abuja
The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari has pledged to ignite a new era of robust engagement with the National Assembly to ensure speedy…
Chibisi Ohakah, Abuja
The 9th National Assembly has pledged to give priority to the passage of the Petroleum Industry Governance Bill (PIGB) in order to consolidate and reposition the country’s oil and gas industry for the benefit of…
…denies rumours of NNPC, refinery sale
Chibisi Ohakah, Abuja
There are indications that the orchestrated Petroleum Industry Bill (PIB) may be assented to by President Muhammadu Buhari before the end of June 2019, when the 9th National…
The absence of fiscal policy will continue to retard investments flow in Nigeria’s oil and gas industry, such that attainment of 40 billion crude oil reserve will not be realised, the Nigerian Association of Petroleum Explorationists, NAPE,…
Poor legal framework or lack of it has been blamed as the major imbroglio mitigating Gas development in Nigeria despite its 9th position in the world. At a recent roundtable talk to fathom an elixir to the falling Gas production in Nigeria,…
