The Minister of State for Petroleum Resources, Ibe Kachikwu has said it will be difficult for Nigeria to cut down oil production. Concise News had reported that the Organisation of Petroleum Exporting Countries (OPEC) is keen to extend to ward off oil supply glut and prop up prices. The global oil benchmark, Brent crude rose to […]

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said there are strong indications that three out of the 40 planned modular refineries would come on stream by end of 2019. Kachikwu disclosed this at the three-day Biennial International Conference for Health, Safety and Environment organised by Department of Petroleum Resources in Lagos […]

Tweet Emmanuel Kachikwu, Minister of State for Petroleum, has declared that Nigeria has the strongest economy in Africa and the most profitable investment destination in the world. Kachikwu said this in Atlanta at ‘The Nigerian Oil and Gas Core Strategic Investors’ Meeting’, aimed at presenting the investment opportunities in Nigeria’s oil and gas industry to […]

A group, Buhari Movement for Change (BMC) has alleged that Dr. Ibe Kachikwu, Minister of State for Petroleum Resources, is working hand-in-hand with the leadership of the Peoples Democratic Party (PDP) to ensure that the All Progressives Congress (APC) will not take over the reins of government in the state in 2019. In a petition […]

Minister of State, Petroleum Resources, Ibe Kachikwu, on Thursday, said he never claimed to have bagged a First Class degree in Law from the University of Nigeria, Nsukka in 1978, contrary to claims by an online medium, Premium Times. Kachikwu, in a statement signed by the Director, Press of the Ministry, Idang Alibi, also claimed […]

The Nigerian National Petroleum Corporation (NNPC) plans to get fund from the capital market to bankroll oil projects in the country. Group Managing Director of NNPC, Maikanti Baru, revealed this on Tuesday at the current 2018 Nigeria Oil and Gas Conference in Abuja. According to him, “To spur the much needed investment, the government has […]

Minister of Petroleum (State) Ibe Kachikwu has explained that there are only a few persons using electric cars and as such demand for crude oil will not subside. Kachikwu noted this on Tuesday at the ongoing 2018 Nigeria Oil and Gas Conference in Abuja. “The oil industry is at a very critical stage in its […]

Minister of State for Petroleum Resources Ibe Kachikwu has noted that the positive transformation in the oil and gas sector is due to “Declaration of Cooperation” by the Organisation of Oil Exporting Countries (OPEC) and non-OPEC members. Kachikwu said this during the seventh OPEC International Seminar in Vienna, Austria, captioned “Petroleum: Cooperation for a Sustainable […]

Minister of State for Petroleum Resources Dr. Ibe Kachikwu said yesterday has highlighted positive developments that the Organisation of Oil Exporting Countries (OPEC) and non-OPEC members has achieved. Dr. Kachikwu who spoke to news men as the seventh OPEC International Seminar in Vienna, Austria, held with the theme “Petroleum: Cooperation for a Sustainable Future.” OPEC […]

The Minister of State for Petroleum Resources, Ibe Kachikwu, said the Oil and Gas sector in Nigeria had witnessed positive transformation since the “Declaration of Cooperation” by OPEC and non-OPEC members. Kachikwu said this in an interview with journalists on the sideline of the 7th OPEC International Seminar taking place in Vienna, Austria, with the […]