Ibe Kachikwu

  • Nigeria to Disclose New Investors for NNPC’s Refineries

    Nigeria to Disclose New Investors for NNPC’s Refineries

    Tuesday, 9th May 2017
    The Nigerian Minister of State for Petroleum announced that the federal government will disclose the new investors that will be managing the country's state-owned refineries.
  • Nigeria Mulls Extending Exemption from OPEC Deal

    Nigeria Mulls Extending Exemption from OPEC Deal

    Sunday, 7th May 2017
    Nigeria’s exclusion was due to the production challenges that the country was facing after the militant attacks on the country's oil facilities.
  • Nigeria to Stop Importing Fuel by 2019

    Nigeria to Stop Importing Fuel by 2019

    Tuesday, 7th February 2017
    Nigeria will stop importing refined petroleum products by 2019.
  • Nigeria Plans to Export Fuel by 2019

    Nigeria Plans to Export Fuel by 2019

    Monday, 16th May 2016
    Nigeria's Minister of State for Petroleum, Ibe Kachikwu, disclosed federal government’s intention to export refined petroleum products by 2019, after building three new refineries in Kaduna, Port-harcout and Warri.
  • Nigeria to Increase Petrol Price, Considering Privatisation

    Nigeria to Increase Petrol Price, Considering Privatisation

    Wednesday, 6th April 2016
    Nigeria would review the price of Premium Motor Spirit –PMS, also known as petrol– in May, while Minister of State for Petroleum Resources hinted on a possible privatisation of the sector as lasting solution to its funding crisis
  • Nigeria Breaks Up National Oil Company Into 7 Units

    Nigeria Breaks Up National Oil Company Into 7 Units

    Wednesday, 9th March 2016
    The Nigerian National Petroleum Corporation, NNPC, has been unbundled into seven independent operational units by President Muhammadu Buhari, in attempt to restructure the company trying to recover its financial losses recorded over the last decade.
  • Nigeria to Restructure State Oil Giant to Make it Profitable

    Nigeria to Restructure State Oil Giant to Make it Profitable

    Sunday, 6th March 2016
    Nigeria is set to split its giant state-run National Oil Company into 7 independent units -before it was said the split would be into 30 units– in an effort to improve efficiency in the wake of the oil price crash.