“Nigeria is an important country for Shell. We see good opportunities there for potential investment,” referencing its Bonga offshore oil field and the expansion of liquefied natural gas as examples of this. Both projects are subject to a future final investment decision and we continue to work with our partners and the government towards that in each case.”
Mallam. Rabiu said for the first time since the establishment of NETCO, the company was declaring the highest dividend in any given year of N750 million to its shareholders at the AGM.
Baru said that he was looking forward to seeing that all domestic cooking in Nigeria was carried out with LPG.
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.
“While waiting for normalcy to return to the Chad Basin, we have stepped up efforts in the Lower Benue trough. So far, we have acquired 20km of 2D data out of the planned 455km 2d seismic data,” he added.
A paperless going concern represents a work environment wherein the use of paper is eliminated or greatly reduced. This is usually achievable through conversion of documents and other papers into digital form.
“We are hoping if enough funding is made available to us to perfect what we have on ground; we shall be willing to build other ones that can be stationed in the Niger Delta. This is where most of the Nigerian crude oil is produced. When new ones are built, we are going to train operators that will manage them.”
OpeOluwani Akintayo 15 March 2018, Sweetcrude, Lagos – The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Wednesday urged the Nigerian National…
He said it was imperative to intensify and support the Federal government’s economic diversification program to free the economy from the “vagaries of oil price volatility, which during a period of glut, could spell doom for the nation”.
“We actually import one million tonnes of PMS every month into a country that produces oil and gas and has refinery. It is a shameful thing, it doesn’t make sense and that is what we are trying to address,” he said.
