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FG targets $2bn from oil, gas lease licence renewal

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, yesterday said the Federal Government was targeting about two billion dollars from oil and...

No irregularities in oil block licence renewal, say DPR, MPR

The Department of Petroleum Resources and the Ministry of Petroleum Resources have said there are no irregularities in the ongoing renewal of oil and...

We generated over $2bn from oil block licences to fund 2019...

Nigeria’s Minister of State for Petroleum Resources, Mr Ibe Kachikwu, has said the Federal Government generated over $2 billion from the renewal of oil...

FG, Financiers to resume negotiations on repair of refineries

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed that he would lead teams from the Nigerian National Petroleum Corporation (NNPC)...

Why OPEC did not grant Nigeria further exemption in output cut...

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has clarified that the Organisation of Petroleum Exporting Countries (OPEC) did not grant Nigeria...

Nigeria grew forex reserves by $20bn from OPEC’s exemption – Ibe...

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Wednesday disclosed that the crude oil production exemption granted to Nigeria in 2016 by...

Kachikwu, Baru push for gas to drive Nigeria’s economy

Dr Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporate (NNPC) and Minister of State for Petroleum Resources, Dr Ibe Kachikwu said the huge...

Court okays suit seeking Buhari’s Minister, Kachikwu’s suspension, probe

The Federal High Court in Abuja has giving a go ahead to a suit seeking the suspension and probe of Minister of State on...

Nation’s refineries to be fully functional next year – Kachikwu

Minster of State for Petroleum Ibe kachukwu said yesterday it will be sad if the nation’s refineries are not functional by the end of...

FG may revoke oil firms’ licences over gas flaring by 2019...

Oil companies that fail to stop gas flaring by 2019 would have their licenses revoked, the Minister of State for Petroleum Resources, Dr. Ibe...
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