ibe kachikwu

The Minister of State for Petroleum, Ibe Kachikwu, has reported the Group Managing Director of the NNPC, Maikanti Baru, to President Muhammadu Buhari, urging him to take urgent actions on matters ranging from alleged illegal practices to insubordination. Mr. Kachikwu said he found it pertinent...

Nigeria's average oil production including condensates, increased to 2.06 million barrels per day (mb/d) last month, from 2.05 million b/d in June, as the country continued to ramp up production amidst retention of output concession from the Organisation of Petroleum Exporting Countries (OPEC)...

Minister of State for Petroleum Resources, Dr Ibe Kachikwu on Wednesday said that Nigeria's oil reserves will will dry up in 30years. Kachikwu made the remark while representing President Muihammadu Buhari at the 5th triennial delegates conference of the Petroleum & Natural Gas Senior Staff...

Ibe Kachikwu, Nigeria's minister of state for Petroleum Resources sure knows how to have a good time. Watch Video of Kachikwu dancing to Falvour's 'Ada Ada' :

The Minister of State for Petroleum Resources, Ibe Kachikwu has said bidding for refineries repair cannot be done in an openly. The Minister told Daily Trust in Vienna, Austria on Thursday at the 172nd OPEC meeting, that refineries concession “Is a highly technical area, what we have done is...

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says that President Muhammadu Buhari is still working from London where he is currently receiving medical treatment. Kachikwu, who put up a strong defence for Nigeria’s sick President during a BBC Hard Talk interview in London on...

Federal government is ready to re-visit the pricing modulation model introduced in 2016 and remove the multi-layer charges on importation of petroleum products to maintain the pump price of petrol at the current N145 per litre. The Minister of State for Petroleum, Dr. Ibe Kachikwu while...

The Federal Government on Wednesday said it would revoke the licenses given to individuals and corporate organisations for the establishment of private refineries but were not utilized. The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, while speaking on the sidelines of ongoing...

Ibe Kachikwu, Nigeria's Minister of Petroleum Resources is confident that President Muhammadu Buhari will win the 2019 presidential elections if he runs. Speaking with CNN anchor, Richard Quest, who is visiting Nigeria, Kachikwu talked about the Nigerian economy. On the progress of the...

The Federal Government has settled for May, 2017 for the commencement of a new licensing round for award of oil blocs and allocation of marginal fields to potential investors. New Telegraph sighted a memo from the Ministry of Petroleum Resources which revealed that the minister, Dr. Emmanuel...

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Wednesday disclosed that crude oil production in the country had risen to two million barrels per day. Kachikwu made the disclosure when he met with the House of Representatives Committee on Petroleum Resources (Upstream)...

Nigeria's Minister of State for Petroleum Resources, Ibe Kachikwu, on Thursday was received by Pope Francis in Rome this week.

Nigeria's Mohammed Barkindo and other ministers of the Organisation of Petroleum Exporting Countries (OPEC) are curenttly meeting in closed-door in Vienna to determine and reach a consensus to cut oil production and prop up global prices. The meeting is to resolve differences between OPEC’s...

The Senate on Tuesday asked the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu to appear before a joint committee to explain a multiple multi-billion oil deals with India and China. The invitation followed a motion moved by Senator Clifford Ordia (PDP, Edo) who noted that though...

President Muhammadu Buhari on Friday inaugurated the governing boards of three parastatals of the Ministry of Petroleum Resources. The parastatals include the Nigerian National Petroleum Corporation, Nigerian Content Development Monitoring Board and the Nigeria Nuclear Regulatory Authority...

The bill for establishment of Nigerian Maritime University at Okerenkoko in Delta State, on Wednesday scaled second reading at the Senate, months after Minister of Transport, Rotimi Amaechi, announced scrapping of the project. The bill sponsored by James Manager (PDP-Delta) was unanimously...

Group Managing Director of the NNPC, Maikanti Baru is receiving some heat for making some fresh appointments in top positions of Nigeria's state oil firm. According to The Sun, oil and gas stakeholders are faulting last weekend’s appointment and redeployments, among which is the appointment...

Nigeria's Minister of State for Petroleum Resources, Ibe Kachikwu, has expressed optimism that the security challenges in the Niger Delta will soon be over. He expressed sadness that in spite of months of intensive personal and collective efforts to engage all stakeholders in the region and...

The Nigerian National Petroleum Corporation (NNPC) On Monday said the recent price adjustment at its mega stations from N141 to N145 per litre is still within the price band of N135 and N145 per litre approved on May 11 by the federal government. It also denied reports of an imminent increase...

Nigeria's Minister of State for Petroleum Resources, Ibe Kachikwu, has condemned the NNPC over the recent increment of petrol pump price at its depots. The firm had increased the price of the commodity from N141 to N145 per litre days ago, prompting some oil marketers to hike theirs to N150 per...