… Act to boost oil reserves from 37bbpd to 40bbpd The Petroleum Industry Act (PIA) will assist Nigeria in increasing its oil production to 4 million barrels per day, the Minister of State for Petroleum Resources, Timipre Sylva, has said.…
By Uthman Salami The Minister of State for Petroleum Resources, Timipre Sylva has said that even though gas remain the focus of Nigeria in driving the energy transition agenda, the federal government would not neglect crude oil as it remains…
Nigeria is set to enhance its position as one of Africa’s top oil and gas producers at African Energy Week (AEW) 2021 in Cape Town. With a strong delegation led by H.E. Minister Chief Timipre Sylva, the country will not…
The Federal Government has officially written to the Organization of Petroleum Exporting Countries (OPEC) to seek for a higher production quota based on the OPEC+ agreement. The Federal Government hoped, with the request, that the OPEC+ and allies would grant…
Minister of State, Petroleum Resources, Chief Timipre Sylva, has called for urgent agreement that will lead to the setting up of an African energy bank to accelerate and sustain hydrocarbon business activities business activities in the continent. Sylva’s statement is…
…says no sack of oil workers …to finalize implementation in 12 months By Uthman Salami The Federal Government has concluded plans to unveil roadmap for removal of subsidy completely on Premium Motor Spirit (PMS) during the implementation Petroleum Industry Act…
President Muhammadu Buhari has approved a committee to immediately commence the implementation of the Petroleum Industry Act (PIA). The steering committee, which has 12 months duration for the assignment, is headed by the Minister of State for Petroleum Resources, Timipre…
The Nigerian National Petroleum Corporation (NNPC) will become a commercial company within six months, the Minister of State for Petroleum Resources, Timipre Sylva said on Tuesday. This follows the signing of the Petroleum Industry Bill into law by President Muhammadu…
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says promoting digital transformation in the nation’s oil and gas industry will boost profitability and efficiency. Sylva stated this while delivering the graduation lecture at the National Defence College Course…
The Federal Government has admitted that it is not in the best position to manage the nation’s refineries. Minister of State for Petroleum Resources, Timipre Sylva, stated this during his appearance on Thursday’s edition of Politics Today. “I will agree…
