Truth Is Treasure
By John Onah, Abuja The Federal Government has concluded plans to provide alternative petrol -Compressed Natural Gas (CNG) – for the common man that will cost between N95 to N97 per litre. It also promised that the Petroleum Industry Bill(PIB) will be passed before May 29, 2020. The Minister of State for Petroleum
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Nig By Mathew Dadiya The Minister of State Petroleum Resources, Chief Timipre Sylva Thursday, said that the country required about $3.5 billion worth of inward investments to accomplish the gas flare commercialisation targets by 2020. According to the minister, the initiative is designed as the strategy to implement policy objective of the Federal
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The Department of Petroleum Resources (DPR), says plans are ongoing to grant Niger Delta Petroleum Resources Ltd. (NDPR) licence to operate its 1000 barrel per day Modular refinery that will be inaugurated soon. NDPR is a subsidiary of Niger Delta Exploration & Production Plc. (NDEP). This was made known in a
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By Tony Obiechina and Mathew Dadiya, Abuja The Federal Government has disclosed that it has increased crude oil output from 1.77 million to 2.2 million barrels per day. Recall that Nigeria had signed an agreement with members of the Organisation of Petroleum Exporting Countries (OPE) and some non-OPEC countries to curtail global crude oil output in
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The Department of Petroleum Resources (DPR) on Friday said a combine team of DPR, KEPA and other agencies have recovered mutilated bodies of three more victims of the Jan. 4 Kaduna gas explosion. The News Agency of Nigeria (NAN) reports that the recovery of the three bodies brings to
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From Ganiyu Solomon, Lagos Oil prices have extended losses after US President Donald Trump hinted at easing tensions over Iran, with New York prices sliding 4.6 per cent. West Texas Intermediate (WTI), already dropping before Trump spoke, sharply extended its losses to fall under $60 per barrel and Brent crude shed
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By Mathew Dadiya, Abuja The Minister of State, Petroleum Resources, Chief Timipre Sylva has said that the ongoing scuffles between the United States of America’s and Iran will not affect the oil prices saying that the oil prices have been on the increase even before the crisis. Sylva said this in
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By Mathew Dadiya, Abuja The Federal Government has begun fresh negotiations on the abandoned $16 billion Ogidigben Gas Project with a view to bringing it back on stream. Minister of State for Petroleum Resources, Chief Timipre Sylva, who disclosed this to DAILY ASSET at the weekend that the project had an initial security challenge, which got investors scared, but revealed that the process of getting investors
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The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019. This represented an increase of 54 per cent compared to ₦8.59 billion surplus posted in September 2019. The Corporation disclosed this in its Monthly Financial and Operation Report (MFOR) for the month of October released in Abuja, on
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By Mathew Dadiya, Abuja Crude oil prices booked their biggest rise in three years on the last day of 2019, supported by the combined force of OPEC+ production cuts and the improvement of trade relations between the United States and China. Brent crude has added 24 percent since the start of
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