Tags: Ibe Kachikwu

Kachikwu commends DPR on COLT, other automation initiatives

Honourable Minister of State, Petroleum Resources, Dr. Emmanuel Ibe Kachikwu and Mr. Mordecai Danteni Ladan, Director of Petroleum Resources DPR at the Ministerial briefing on achievements of DPR and key policies of government in Lagos. Dr Ibe Kachikwu, the Minister of State, Petroleum Resources, has commended the Department of Petroleum Resources (DPR) on its newly…

Kachikwu preaches the gospel of Nigeria’s refining demand may stretch oil production

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has suggested that upcoming petroleum refining plants in Nigeria could place a lot of demand on the country’s oil production soon, such that it may find it difficult to meet the request of the soon-to-be completed refineries. Kachikwu, also said the imminent recovery of refining…

Absence of regulatory policy frightens petrol supply

The Minister of State for Pretroleum Resources Emmanuel Ibe Kachikwu PHOTO: TWITTER/NNPC • As Govt Strategises To Pay Oil Marketers, OthersLack of direction of the Federal Government’s Price Modulation Policy, is responsible for the present confusion rocking the downstream sub-sector of the country’s oil sector.Indeed, with the Nigerian National Petroleum Corporation (NNPC) being the sole…

Builds Modular Refineries: Only 2 making substantial process out of 40-50 licenses – FG

….Targets 100% local fabrication of modular refineries The federal government has revealed that only two out of 50 licensees granted authorisation to operate private refineries across the country in recent time are making what it described as meaningful progress. Minister of petroleum resources, Dr. Ibe Kachikwu, who expressed disappointment at the situation, stated that his…

Agip to build refinery in Nigeria – Kachikwu

Advertisement The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Tuesday disclosed that an agreement has been reached with Agip to build a refinery in Nigeria. According to him, the 150,000 barrels capacity refinery will be located in Port Harcourt, Rivers State. Speaking with State House correspondents after the meeting between Agip top…

Oil jumps to 18-month high on output deal

Global oil benchmark, Brent crude, jumped above $57 per barrel on Monday after 11 non-members of the Organisation of Petroleum Exporting Countries, including Russia, agreed to cut their production by 558,000 barrels per day. Brent, against which Nigeria’s oil is priced, soared to $57.89 a barrel, the highest since July 2015, before falling back to…