Sunday, January 19, 2020
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Nigeria Needs $3.5bn Investment to Achieve 2020 Flare Commercialisation Target – Sylva

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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Malam Mele Kyari

NNPC Overshoots OPEC Quota, Increases Oil Output to 2.2mbd

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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FG Resumes Negotiation on $16bn Ogidigben Gas Project

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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