The Minister of State for Petroleum Resources, Dr. lbe Kachikwu, has been conferred with the Petroleum Training lnstitute’s (PTI) Life Recognition Award, in recognition of his exemplary leadership, uncommon feats in nation building and developmental initiatives toward the sustained growth of the nation’s oil and gas sector. The award was also in appreciation of the […]
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The Federal Government on Thursday unveiled 60 indigenous oil and gas companies which had been approved to get institutional support from the Federal Ministry of Petroleum Resources, agencies under the FMPR, as well as from other players in the oil sector. According to the Minister of State for Petroleum Resources, Ibe Kachikwu, the government has […]
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has clarified that the Organisation of Petroleum Exporting Countries (OPEC) did not grant Nigeria further exemption in the cartel’s output cut deal because the country did not request for further exemption. Kachikwu told THISDAY on the sidelines of the recent OPEC meeting in Vienna, Austria, […]
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The Minister of State for Petroleum, Dr. Ibe Kachikwu; the Executive Secretary of the Nigerian Content Developing and Managing Board, NCDMB, Engr Simbi Wabote and Oando Plc’s Group Chief Executive, Wale Tinubu, have stressed the need for increased investments in Nigeria’s oil and gas sector. They all spoke at the recently concluded 25th edition of […]
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Dr Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporate (NNPC) and Minister of State for Petroleum Resources, Dr Ibe Kachikwu said the huge gas deposit in the country was a veritable tool for economic diversification. They both made the assertion on Monday at the Nigerian Gas Association 11th International Conference and Exhibition holding in […]
Read More The Minster of State for Petroleum, Dr Ibe Kachikwu, has said that it would be sad if the nation’s refineries are not functional by the end of 2019. According to him, the present administration is committed to ensuring that the importation of petroleum products is curtailed. Kachikwu stated this on Thursday in Ibigwe-Ohaji in Ohaji\Egbema […]
Read More The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has tasked the board and management of Nigeria LNG Limited to expand the production volumes beyond what Train 7 will bring. Kachikwu said that the expansion is necessary to catch up with other countries, secure a significant share in the global LNG market and help […]
Read More The Federal Executive Council on Wednesday approved the sum of ₦17 billion for the installation of mechanism under the Petroleum Equalisation Fund to monitor fuel distribution and eliminate subsidy fraud. The Minister of State for Petroleum Resources, Ibe Kachikwu, disclosed this to State House correspondents at the end of the council’s meeting presided over by […]
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The House of Representatives adhoc committee probing $21 billion debts owed indigenous companies by International Oil Companies, IOCs, revenue leakage on Thursday invited Ibe Kachikwu, Minister of State for Petroleum Resources and Chief Executive Officers of all oil companies operating in Nigeria. Rep Daniel Reyenieju, PDP, Warri Federal Constituency in Delta State,chairman of the Ad-hoc […]
Read More Speaking at the just concluded 2018 edition of the Nigeria Oil and Gas (NOG) Strategic Conference and Exhibition in Abuja, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said Nigeria aspired to reduce unit cost of production of crude oil to $15. He stated that there was every need to begin to look […]
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The Oil and Gas Industry is creating an enabling environment that would enable investors to contribute their quota towards making Nigeria’s abundant natural gas resources serve as launching pad for the nation’s industrialization take off. Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. […]
Read More Minister of State for Petroleum Resources Dr. Ibe Kachikwu said yesterday that the oil and gas sector had witnessed positive transformation since the “Declaration of Cooperation” by the Organisation of Oil Exporting Countries (OPEC) and non-OPEC members. Dr. Kachikwu spoke to reporters on the sideline of the seventh OPEC International Seminar in Vienna, Austria, with […]
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