Divestment: IOCs not leaving Nigeria —Lokpobiri
The minister also assured that Nigeria will not lose out on royalties, taxes, or capital inflows.
The minister also assured that Nigeria will not lose out on royalties, taxes, or capital inflows.
Oil marketers in the country have confirmed that they will start lifting Premium Motor Spirit (petrol), from the refinery in few days.
Lokpobiri praised the company’s foresight in reshaping the industry’s narrative, where Nigerian companies were now competing with international oil companies, IOCs.
The reason why pipeline vandalism is very easy to do is because the pipelines have all expired they completely corroded and so, anybody can just go and tap it and the thing is busted.
For Area 5, the Engineering, Procurement, Construction, and Installation have all been completed. The mechanical completion signifies the closure of the Construction and Installation phases.
Lokpobiri noted that the shortest way to tackle the issues of short supply of PMS is ensuring effective refineries.
Gastech 2023 will provide a timely opportunity for the global energy community to deliver real progress towards energy affordability, security, and stability