Baru noted that the current JV payment structure requires urgent review, adding that the new model being proposed by the NNPC would enable the Corporation plough back profit and grow the oil and gas business in the upstream for the benefit of all stakeholders.
Orji said that clear unambiguous rules, predictable policy-making, and efficient regulations had been lacking in Nigeria’s petroleum sector since the process of enacting a law for the sector commenced.
29 September 2016, London — Oil prices settled up nearly 6 percent on Wednesday after OPEC sources said the group…
29 September 2016, Lagos – The Organisation of Petroleum Exporting Countries has agreed to cut production by 750,000 barrels a day,…
29 September 2016, Abuja – In a move certain to raise eyebrows reminiscent of the outcry over the proposal on the…
29 September 2015, Abuja – The Senate, yesterday, moved against last week’s recommendation of the National Economic Council, NEC, which asked…
28 September 2016, Lagos – Amid near conclusion of decision by the federal government to sell some national assets over fiscal stress,…
28 September 2016, Abuja – The Department Of Petroleum Resources, DPR, has refuted claims which indicted it of failed regulatory oversight…
28 September 2016, Abuja – The Nigerian National Petroleum Corporation says it has started working out modalities that will enable…
28 September 2016, Abuja – The Indian Government has promised to increase the volume of crude oil it buys from…
