ibe kachikwu

Labour unions in Nigeria’s oil sector, the National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have called off their strike with immediate effect. Here is likely reason why the strike was called off Read...

Labour unions in Nigeria’s oil sector, the National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have called off their strike with immediate effect. The unions, yeserday shut offices of Nigerian National Petroleum...

Oil prices rose yesterday with benchmark Brent prices hitting a three-month high on hopes for a coordinated approach by major producers to support prices. Brent crude futures were trading at $41.43 a barrel at their highest since Dec. 9, up 59 cents on the day. On Monday, the contract had...

The Minister of State for Petroleum and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe. Kachikwu, yesterday said the Federal Government did not pay any subsidy on petroleum products in January 2016. He also stated that the country would save $1 billion...

The Nigerian government is set to eliminate middle men in crude oil swap agreements. Starting from March the agreement will be replaced with a system under which it will directly sell crude oil to refiners and purchase refined oil products from them, NNPC said on Tuesday. "The...

NNPC GMD Emmanuel Ibe Kachikwu on Tuesday gave some comforting news concerning the operation of Nigeria's refineries. A recent bomb attack on pipelines by militants had forced the shutdown of two of the nation’s refineries, resulting to a power cut of about 1,000 megawatts. The country was also...

Nigeria's Minister of State for Petroleum Resources, Ibe Kachikwu on Monday made a shocking discovery about crude oil theft when he visited the pipeline network in Robert village around the Atlas cove in Lagos State. The wanton act of sabotage in the area was clearly evident as the village has...

Nigeria's Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has stated that Nigeria will not be hopeless even if oil prices fall to $20 per barrel. Lower outputs from Nigeria, Iraq and Saudi Arabia may have slashed the crude oil export of the Organisation of Petroleum Exporting...

Following the depreciation of several oil dependent nations' economy, Group Managing Director of Nigeria's state oil company, Ibe Kachikwu, has joined other concerned nations to call for an emergency OPEC meeting. "There is a lot of energy around trying to meet earlier. Obviously, some of that...