Oil & Gas
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Nigeria buys into new world energy order, set to play strategic role, says NNPC chief Kyari
“It will spur investment in power and gas-based industries, grow the economy and generate employment for millions of our young people,” Kyari said
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Reconciling PH Refinery Restoration, Atedo Peterside’s ‘Disbelief’
Beyond the issue of trust deficit and Peterside’s disbelief is also a strong sense that very powerful, shadowy vested interests want the refinery sold and have already positioned fronts or themselves directly, to buy up the national assets. Given Peterside’s progressive trajectory, it may be illogical to view him as a possible front for buyers or an intending buyer. But given the sad history of local corporate intrigues, nothing could be taken off the table.
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Subsidy: Nigerians should be prepared to buy petrol for more than N200 per litre soon, Kyari
says FG pays N120bn monthly as subsidy
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NNPC boss justifies FG’s $1.5bn for Port Harcourt refinery rehabilitation
….says African Export-Import Bank (Afreximbank), as a reliable lender, has agreed to raise $1billion towards the rehabilitation project.
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In Defense of Refineries’ Rehabilitation
The last time a TAM was conducted on the Refinery was 21 years ago (2000)! Isn’t it time the nation’s refineries are brought back to their optimal capacities?The last time a TAM was conducted on the Refinery was 21 years ago (2000)! Isn’t it time the nation’s refineries are brought back to their optimal capacities?
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Breaking News: FG approves $1.5bn for Port Harcourt Refinery repair
The second phase is to be completed in 24 months and all the final stage will be completed in 44 months and consultations are approved.
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Passage of Petroleum Industry Bill (PIB) critical to the sector, attract investments, says Kyari
….functional legislative framework would state in clear terms how investors can recoup their investment in the industry.
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Nigerians to pay more for petrol as crude oil price hits $60 per barrel, says Petroleum Minister
According to the Minister, while government revenue has improved by the rise in crude oil price, it cannot be fretted away in subsidy payment.
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NNPC makes $108.84m Crude Oil, Gas Export Sales, ₦8.71bn surplus in November 2020
shows a 70.33 per cent increase compared to October 2020
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NNPC enjoys autonomy under President Buhari, says GMD Kyari
…..calls for beneficial relationship with the academia and industry experts for productive research and innovation in the energy sector.
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