17 March 2017, Sweetcrude, Lagos — Eleven non-OPEC oil producers that joined a global deal to reduce output to boost…
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17 March 2017, Sweetcrude, Lagos Abuja — The Economic and Financial Crimes Commission (EFCC) on Thursday arraigned Mr. Andrew Yakubu,…
17 March 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $49.70 a barrel…
16 March 2017, Sweetcrude, Lagos – Nigeria’s crude oil production fell from 1.533 million barrels per day, mbd, to 1.526…
16 March 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $49.17 a barrel…
*Andrew Yakubu’s $9.7m saga *$3.5bn Egina FPSO project manipulation *$1.6bn NPDC scam; $20bn missing oil revenue Chuks Isiwu 16 March…
“There is therefore need for us to reassert our relevance in the oil and gas industry by engaging in a very practical manner with the industry. PTDF has to move near the centre stage of the oil and gas industry by becoming increasingly involved.”
He confirmed that in-country integration of the FPSO and fabrication of six modules of the vessel created 5000 direct jobs and 5000 indirect jobs. Increased domiciliation of future FPSO projects through the fabrication of more modules would create additional jobs, estimated to reach 30,000, he added.
The government promised to pay on this basis after receiving the report on the audit of debts owed to Discos by MDAs by the verification team which estimated the debts to be N59.3 billion. “The report stated that all verified bills will be recommended for payment on a first come, first served basis,” it said.
“Mr. Senate President, as I speak with you, those involved in Alison-Madueke’s clique are on the run and some are undergoing trial with her in the United Kingdom,” Magu revealed. He added, “They are on the run at the moment but we will get them.”
