Other expected benefits include improved revenue generated from hydrocarbon production and export, accurate hydrocarbon data (Production and Export) monitoring, and consistent high-quality data publication.
Browsing: Department of Petroleum Resources
Dr. Baru said the major complaint by operators in the industry was that of multiple taxation which include statutory contributions to the Niger Delta Development Commission (NDDC) and Nigerian Content Development and Monitoring Board (NCDMB) as well as sundry expenses on security.
OpeOluwani Akintayo 28 March 2018, Sweetcrude, Lagos – Lekoil Limited has commenced legal proceedings against the Ministry of Petroleum Resources over…
The presentation said that the first shift to cleaner gasoline would cost $11.7 million per month, and the second $15.7 million per month. The diesel reduction would cost $2.8 million per month.
“The chairmen of the harmonisation committee from both the House of Representatives and that of the Senate, and members of the committee have already been named. So, I do not think there would be any issue arising from the internal efforts of the National Assembly,” he stated.
The report further showed that from January to December, 2017, NNPC remitted a total of N857.36bn into the Federation Account, N644.05bn for Joint Venture financing, and N19 billion to the Federal Government for debt repayment.
On the recent fuel supply issues witnessed in some cities across the country, Baru said NNPC had, over the last few months, been engaging with relevant stakeholders to ensure the challenge remains “a thing of the past.”
“The prevailing price of petrol was also ascertained and results revealed that an overwhelming proportion, 86 per cent, of Nigerians disclosed that they buy petrol above the official price of N145.”
“The workshop will acquaint participants on the functionality of the new template for annual questionnaire introduced by OPEC Secretariat for member countries in relation to their crude oil production, proven reserves, export and refining capacity profiles.”
He said, “Delta state already has three modular refineries waiting to take off now. One in Sapele, one in Kwale axis, one in Ukpai. They are 10,000 barrels each.”
