Ibe Kachikwu | Egypt Oil & Gas

Nigeria to Disclose New Investors for NNPC’s Refineries

The Nigerian Minister of State for Petroleum, Ibe Kachikwu, announced that the federal government will disclose the new investors that will be managing the state-owned refineries Port Harcourt Refining Company (PHRC),...

Nigeria Mulls Extending Exemption from OPEC Deal

Nigeria is aiming to extend another six months of exclusion from the oil production reduction plan set by the Organization of Petroleum Exporting Countries (OPEC),  All Africa reported. The Minister of State for Petro...

Nigeria to Stop Importing Fuel by 2019

Nigerian Minister of State for Petroleum Resources, Ibe Kachikwu, stated that the country will stop importing refined petroleum products by 2019, reported All Africa News. Kachikwu explained that the Federal Governmen...

Nigeria Plans to Export Fuel by 2019

Nigeria’s Minister of State for Petroleum, Ibe Kachikwu, disclosed federal government’s intention to export refined petroleum products by 2019, The Nation Online reported. During a meeting organized in Kaduna by...

Nigeria to Increase Petrol Price, Considering Privatisation

The Nigerian Federal Government disclosed that it would review the price of Premium Motor Spirit –PMS, also known as petrol– in May, to encourage local refining and discourage importation of petroleum products in the ...

Nigeria Breaks Up National Oil Company Into 7 Units

Nigeria’s national oil company (NNPC) is undergoing a major shake-up as President Muhammadu Buhari has unbundled it into seven independent operational units, DailyPostNg reported. Oil Minister, Emmanuel Ibe Kachikwu, ...

Nigeria to Restructure State Oil Giant to Make it Profitable

Nigeria is set to split its giant state-run National Oil Company into 7 independent units in an effort to improve efficiency in the wake of the oil price crash, The Wall Street Journal reported. Before it was said tha...

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