Home / Tag Archives: Dr Ibe Kachikwu

Tag Archives: Dr Ibe Kachikwu

Investment requests by IOCs now in excess of $15bn

Ibe K

Investment requests by multinational oil firms seeking to invest in Nigeria’s oil and gas sector are currently in excess of $15bn. This is the revelation of the Minister of State ...

Read More »

Over half of nation’s daily oil production lost to militancy—Minister

militants-and-buhari

Contrary to speculations that attacks on oil installations have waned, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has traced loss of more than 54 per cent of ...

Read More »

FG to further crash oil production cost from $23 to $15 per barrel –Minister

Ibe Kachikwu

…Says only 2 out of 40 refinery licencees serious Whereas stakeholders’ in Nigeria’s oil and gas sector have continued to have reservations on the authenticity of oil production statistics being ...

Read More »

NASS summons Minister over collapse of refurbished refineries 6 months after

Yakubu Dogara

Following the alleged discovery that all four national refineries refurbished during the last quarter of 2016 are flat in production, the House Representatives on Monday rose in anger to invite ...

Read More »

‘Stubbornly high cost of oil production forcing FG to rest exploration’ –Minister

Ibe K

“The country will have to halt oil production if the cost of producing the commodity remains stubbornly high. “For me, you rather leave the oil in the ground than produce ...

Read More »

Oil sector in dilemma as wait for Buhari hangs marginal fields licencing

Ibe Kachikwu

More business and economic development issues suffering the absence of the President and Commander in Chief, Muhammadu Buhari seem to be growing by the day. The latest in the row ...

Read More »

Kachukwu opens up, agrees falling oil price’ll hit 2017 budget bad

Ibe Kachikwu

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Thursday in Abuja, agreed that the combined forces of emerging crash in crude oil price to about $42.5 per barrel ...

Read More »

Minister silent on income from sales of N3.4tn products imported in 2016

OPEC Ibe kachukwu

Since the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has revealed that in the last one year, Nigeria spent about N3.4tn on the importation of petroleum products, but ...

Read More »

Nigeria’ll continue to import petrol in 2019 and Kachikwu’ll not resign, says analysts

Ibe Kachikwu

Recent pronouncement by the Minister of state for Petroleum that he would resign come 2019 if Nigeria failed to stop importing refined petroleum products has raised reactions from industry experts. ...

Read More »

Conversion of illegal refineries to modular may worsen environmental crisis in N/Delta if…

refinery Illegal

Petroleum products refining experts have warned the federal government to be very careful in setting out the guidelines for the conversion of hundreds of illegal refineries popularly called ‘Kpor-Fire’ in ...

Read More »