Dr. Emmanuel Ibe Kachikwu, Minister of State for Petroleum Resources will be present at Africa Oil Week to drive forward transformative projects across the continent. The Africa infrastructure deficit sits at $90 Billion which poses a huge challenge to investors and operators alike. “The infrastructure bottleneck is a challenge that faces every country and sector […]
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Indications emerged at the weekend as to why Finance Minister, Mrs. Kemi Adeosun and her counterparts in the ministries of Petroleum Resources and Budget & National Planning jettisoned the probe panel set up by the House of Representatives to investigate the secret payment of fuel subsidy. The Nation investigation revealed that Adeosun along with Ibe […]
Read More The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and the Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC), Dr. Maikanti Baru, are expected to speak at the 2018 Sub-Saharan Africa Upstream Oil and Gas Summit and Exhibition in April The summit with the theme, “Gearing up for Growth: Sub Saharan Oil, […]
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The Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability. Since assuming duty, Dr. Baru has secured about $2 billion discounts from renegotiated upstream contracts as well as focus on utilizing local content in […]
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The Minister of State, Petroleum Resources, Dr Ibe Kachikwu, yesterday disclosed that a major restructuring exercise that will affect all the parastatals under his Ministry was underway. The Minister, who stated this on Monday in a podcast message where he reeled out government’s future plans for the petroleum sector, emphasised the need to heal some […]
Read More Nigeria and the United States of America are planning fresh investments in newer technology to further grow the nation’s oil and gas potential. This came as the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, on Tuesday met with the Secretary of Energy of the United States of America, Mr. Rick Perry, on […]
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Nigeria Minister for Petroleum Resources, Ibe Kachikwu, has charged the Nigerian Content Development and Monitoring Board (NCDMB) to ensure that the Nigerian oil and gas industry is able to produce all its needs by the year 2027. The Minister set the target in Owerri, Imo State at the just-concluded Nigerian Content Workshop, organised by New […]
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Following the publication of alleged lack of adherence to due process in the award of NNPC contracts, the President ordered the Group Managing Director (GMD) and Management of the Nigerian National Petroleum Corporation (NNPC) to consider and respond expeditiously to the allegations. The substance of the allegations made by the Minister of State for Petroleum […]
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LAGOS (Reuters) – Nigeria’s state oil company on Monday said allegations by the oil minister that the conduct of its group managing director lacked transparency were baseless. Emmanuel Ibe Kachikwu, in a letter to the president dated Aug. 30 and confirmed by the oil ministry, said Maikanti Baru had bypassed the board on key decisions […]
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Sources close to the Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, have revealed the reasons the NNPC boss ignored the Minister of State for Petroleum Resources, Ibe Kachikwu in the running of the corporation. The sources told Punchng that the Act establishing the NNPC stipulates that the chairman of the corporation’s board is […]
Read More Barely 48 hours after the Minister of State, Petroleum Resources, Dr Ibe Kachikwu alleged several under-hand dealings of the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, the national oil company is in the news again over alleged unremitted $793.2 million belonging to the Federal Government. According to reports, the […]
Read More Nigeria is very unlikely to join OPEC’s cuts in oil production before March, its oil minister said on Wednesday. Emmanuel Ibe Kachikwu also told reporters that an extension to the cartel’s cuts, which are an attempt to stabilise oil prices, was possible since volumes of oil stocks were still a challenge. “I will not be […]
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