Oil & Gas (Page 60)

By Ella Anokam Security measures have been beefed up at the Maiduguri Emergency Power Plant (MEPP) project site in Borno ahead of its inauguration by President Muhammadu Buhari. The News Agency of Nigeria (NAN) reports that the president will on Thursday commission the 50-Megawatt gas-fired power plant built by theContinue Reading

By Ella Anokam Horatius Egua, Media Aide to the Minister of State, Petroleum Resources, Timpre Sylva, has tendered an apology to Nigerians and industry operators, over an erroneous media publication. Egua had on Monday, released a statement credited to Sylva, titled; “Theft, Pipeline Vandalism Responsible For Volumes Of Crude Losses’.Continue Reading

By Ella Anokam The Minister of State Petroleum Resources, Chief Timipre Sylva has attributed loss of revenue from crude production to theft, pipeline vandalism and decayed infrastructure. The minister, in a statement on Monday by his Senior Adviser, Media and Communications, Horatius Egua said in spite the challenges, the FederalContinue Reading

By Ella Anokam The Nigerian National Petroleum Company Ltd., (NNPC Ltd.) says it has 1.805 billion litres of petrol in stock. Its spokesman, Malam Garbadeen Muhammad, stated in Abuja on Monday that the volume of petrol in stock would last for 30 days. He explained that 805.35 million litres ofContinue Reading

By Emmanuella Anokam The Nigerian National Petroleum Company Ltd. (NNPCL) has disclosed that the amount being spent as subsidy on Premium Motor Spirit (PMS), popularly called petrol, had crossed N400 billion monthly. Malam Mele Kyari, NNPCL’s Group Chief Executive Officer, disclosed this on Friday in Abuja at the ongoing FinalContinue Reading