Non-passage of Petroleum Industry Bill scaring investors —Kyari
Kyari said international investors were losing confidence in the nation’s oil and gas industry and tasked the lawmakers to act fast and arrest the situation.
Tag: Federal Government
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Petroleum ministry vehicles to run on autogas, says Sylva
It was gathered on Tuesday that the Minister of State for Petroleum Resources, Chief Timipre Sylva, who gave the directive in Abuja, had already submitted all his vehicles to be converted to run on gas, as opposed to petrol.
Siemens deal ’ll provide 3,800 power, transformers —FG
The Office of the Minister of Power disclosed this in series of tweets on Tuesday, which were further affirmed by the Minister of Power, Sale Mamman, via his official Twitter handle.
Petrol may sell for N149 per litre
This means a litre of petrol may be increased from N143 to N149.
The new ex-depot price was contained in an internal memo by the Pipelines and Products Marketing Company seen by our reporter yesterday night.
Non-payment of compensation stalls 3,050MW Mambilla Hydropower project
It was gathered in Abuja on Monday that while the Federal Government had made payments for survey works and sensitisation of the affected communities, it had yet to make progress on the project due to the non-payment of compensation.
NNPC spends N10bn on comatose refineries in April
“We have a situation now of a refinery that has not functioned for three years, yet it’s paying salaries. Every staff is being paid. We have carried on paying salaries. Nobody can sack anybody.
No going back on petrol subsidy removal, says Sylva
According to him, deregulation means that the government will no longer continue to be the main supplier of petroleum products but will encourage the private sector to take over the role of supplier of the products.
$2bn power project: Fresh threats, as FG, Siemens take conflicting positions
But it is not yet clear if Siemens is willing to accept this responsibility as the firm rebuffed efforts to get them to confirm the development.
Why FG won’t allow marketers to determine price of petrol —Sylva …Says deregulation of downstream sector approved since March
Chief Timipre Marlin Sylva, on Thursday, explained that the need to protect the generality of the public from undue exploitation and prevent inordinate profiteering by oil marketers