The Minister of State for Petroleum Resources Chief Timipre Sylva has called on the U.S, Government to provide funding support for Nigeria to develop its natural gas resources. According to Sylva, this is to enable the sector serve as alternative…
The Minister of State for Petroleum Resources, Mr Timipre Sylva, on Wednesday, said Nigeria now has 1.9 billion litres of petrol in stock, capable of lasting the country for 32 days. He made this known in Abuja while updating the…
By Uthman Salami Withdrawal of investment by International Oil Company (IOCs) and investors in hydrocarbon exploitation are responsible for Nigeria’s inability to meet up with the target set by the Organization of Petroleum Exporting Country (OPEC), Timipre Sylva has said.…
Nigeria and other petroleum producing countries in Africa have begun engagements with Developmental Finance Institutions (DFIs) to fund critical oil and gas projects in the continent. The Minister of State for Petroleum Resources, Chief Timipre Sylva, made this known while…
By Uthman Salami The Minister of State for Petroleum Resources, Chief Timipre Sylva has said Nigeria’s gas endowment is enough to make the West African sub-region become energy self-sufficient. He explained that the Nigerian government is working on a Roadmap…
…Lost $50bn worth of investment By Uthman Salami The Minister of state for Petroleum Resources, Chief Timipre Sylva has said that Nigeria received only 4 per cent of investment inflow into Africa oil and gas before the Petroleum Industry Act…
…Vows to make corporation most capitalised company in Africa By Abimbola Abatta and Uthman Salami The Federal Government has announced plans of $105billion capital base target for the Nigerian National Petroleum Company (NNPC) Limited. This, according to the Government, is…
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government is deepening effort to spur oil production to take advantage of global crude oil price. Sylva said this in Abuja while briefing newsmen on the forthcoming…
The Federal Government says outcomes from the past edition of the Nigerian International Energy Summit (NIES) have been embraced and utilised by government, policy makers and oil and gas industry to effect development. Minister of State Petroleum Resources, Chief Timipre…
…As experts fault NNPC over compromise of quality assurance test By Our Correspondents The Federal Government has assured Nigerians of indepth investigation into the supply of off-spec Premium Motor Spirit ( PMS) by the supplier of Nigerian National Petroleum Corporation (NNPC)…
