“Our aim is to stretch the limit to get more for Nigeria. Our aspiration is that come the next seven to eight years, full integration of an FPSO must happen in Nigeria.”
Browsing: Dr. Emmanuel Ibe Kachikwu
It stated that a mutually beneficial agreement was reached for the construction of a refinery in the border town between the Republic of Niger and Katsina State, Nigeria and a crude oil pipeline from the Republic of Niger to the new refinery.
OpeOluwani Akintayo 01 February 2018, Sweetcrude, Lagos – New deepwater projects in Nigeria must set new records beyond the in-country integration…
“I am happy to inform you that progress has been made, up to the level of an acceptable detailed engineering design and we are in the process of mobilising some of the refineries already identified for installation in Nigeria.”
Sen. Marafa lamented the amount paid by the Nigerian National Petroleum Corporation (NNPC) was not approved by the National Assembly as required by law.
He further explained that IPMAN has been infiltrated with non-members who diverts fuel to black markets, adding that they would also collaborate on surveillance of filling stations across the country.
Nigeria is among the world’s 10 cheapest places to buy petrol, which partly explains its recent fuel shortages. It also means that rising oil prices may be a double-edged sword for the country.
“It is the opinion of the Senate that instead of resorting to false claims and shifting blames in the mould of ‘Blame Someone Else’, both the executive and legislature should work together to solve this unnecessary fuel crisis which is making life more difficult for our people.”
“As part of this committee’s work, we are also reviewing that template to see whether there are things we need to do to help us ensure that we can accommodate sales at the N145/litre window. So, that is also going to be looked into. The PPPRA is working on that and is heading a special committee on it.”
“All studies conducted on the Nigeria petroleum sector since 1999 are settled on the issue that the role of Government in the oil and gas sector needs to be better clarified whilst the policy, regulatory and commercial institutions need to be given a refocused mandate to ensure better sector governance, transparency of regulations and operations, accountability of the institutions, and removal of opaqueness around the industry,” he said.
