Nigeria Federal Government has said it will reduce its stakes in Joint Venture oil assets, refineries and other downstream subsidiaries such as pipelines and depots. The Economic Recovery and Growth Plan, a Medium Term Plan for 2017 to 2020, which was released on Tuesday by the Ministry of Budget and National Planning, stated that the government’s […]
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A former Acting Governor of Kogi State and member of the Board of Trustees (BoT) of the All Progressives Congress (APC), Chief Clarence Olafemi, has called on the Federal Government to liberalize crude oil refining licence. This he said will encourage more private participation in crude oil refining in Nigeria. Olafemi in a position paper issued […]
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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 produces five million […]
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The Federal Government has said that it would need the sum of $700 million to upgrade the nation’s refineries to be able to perform up to 90 per cent capacity. The Minister of State for Petroleum, Dr. Ibe Kachikwu, disclosed this on Saturday when he visited Eleme Local Government Area of River State for the […]
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