With less than $5 to produce a barrel of oil, price crash can’t hit S’Arabia as Nigeria
Recent sustained drop in global prices of crude oil have once again, resurrected the economics of cost of crude oil production in Nigeria and beyond. Recall that the former Minister of State, Petroleum Resources, Dr Ibe Kachukwu had assured Nigerians…
What can Kachukwu say he achieved in office as Minister of State for Petroleum?
Whereas several industry pundits have described the regime of former Minister of State for Petroleum Resources, Dr Ibe Kachukwu in the recently dissolved cabinet of President Muhammadu Buhari, as lacking in definite portfolio and executive functions, his recent removal and…
Fuel Imports in 2019: Kachukwu dumps resignation, votes subsidy, imports
During the BBC’s HardTalk TV Programme hosted by Stephen Sackur on May 23, 2017, the Minister of State for Petroleum, Dr Ibe Kachukwu sworn that “I will resign if Nigeria still imports petrol in 2019.” However, more than three months…
(Special Report) NGFCP on gas flaring: A timely drive for Nigeria’s win-win deal
No doubt, the crisis of gas flaring seems to have exited several oil producing nations but yet to leave Nigeria due to policy inconsistency and lack of political will to drive any good policy tailored towards the eradication. Gas flaring,…
FG dumps Saudi Arabia, Eni, set to seal refineries’ revamp deal with builders
Strong indications emerged Monday that all is set for the Nigerian National Petroleum Corporation (NNPC) to sign agreements on funding and contractual agreement with third-party financiers and contractors for the revamp of all moribund national refineries next week. The combined…
Dangote Refinery won’t sell fuel at government regulated price—Minister
Minister of State for Petroleum Resources, Dr Ibe Kachukwu has revealed that the emerging 650,000bpd oil refinery in Lagos, is not coming to sell Premium Motor Spirit (PMS) popularly called petrol or any of its products at government regulated prices….
Hope fades for assured arrival of 20 new coaches to activate Kaduna Dry Port
Just like the shocking postponement of the revival of all four national oil refineries from this year to 2020 by the Minister of State for Petroleum, Dr Ibe Kachukwu, strong indications have emerged suggesting that the publicized arrival of not…
FG ambushes Dangote refinery, shifts revival of all 4 refineries to 2020
Twist has again, occurred in the federal government’s plan to revive all four national oil refineries as the Minister of State for Petroleum, Dr Ibe Kachukwu, yesterday in Cape Town, South Africa, gave a rather new date of 2020 as…
‘Extending crude-for-product swaps to 2019 means refineries won’t work again’
Leading industry pundits have started reading strong meanings to the recent announcement by the Nigerian National Petroleum Corporation (NNPC) that it has extended its crude-for-product swap contracts until June 2019. Over a long time now, the swap deal had been…
After 4 failures, FG again gives another promise on working refineries by end of 2019
…Flags off construction of 5,000bpd modular refinery in Imo For the fifth time, the Minister of State for Petroleum Resources, Dr Ibe Kachukwu has for the fifth time in the life of this administration, promised Nigerians that all four national…
