Dr. Ibe Kachikwu | Doowe Gas

FG to release new gas pricing template May 29

The Federal Government will release a new gas pricing template before May 29, to address what it describes as ‘unreasonable tariffs’ imposed by gas distributors on natural gas used by commercial consumers in the manufacturing sector. The Minister of State...

May 7, 2019

Green Post

Kachikwu: Nigeria to Earn $2bn in the Short-term from Proposed Fiscal Policies for Oil Industry

Nigeria is eyeing at least $2 billion in the short-term, and $9 billion in the long-term from the rollout of a new fiscal policy it has initiated for her oil and gas industry, the Minister of State for Petroleum Resources,...

November 5, 2017

Green Post

$25b: Nnpc’s Probe Likely As Buhari Meets Kachikwu

The President will today meet Minister of State for Petroleum Resources Dr. Emmanuel Ibe Kachikwu, The Nation learnt last night. The minister has alleged that $25billion contracts have been wrongly awarded by Nigerian National Petroleum Corporation (NNPC) Group Managing Director...

October 5, 2017

Green Post

Nigeria: Kachikwu – $100 Oil Impossible in 2018

Abuja — The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said it would not be possible for the price of crude oil to rise to $100 per barrel in 2018 as the current market conditions did not...

September 19, 2017

Green Post

Despite Cap Agreement Exemption, Nigeria Still Under OPEC Pressure

After voluntarily agreeing to participate in the decision of OPEC and its non-members to cap oil production levels to stabilise price, Nigeria reaffirms commitment to the agreement in the face of fresh pressure. Chineme Okafor writes After a December 2016...

September 17, 2017

Green Post

Nigeria talks tough, may force oil firms to lower production cost

The Minister of State for Petroleum Resources, Ibe Kachikwu, on Monday said Nigeria may force oil companies to lower production costs if negotiations fail. According to Mr. Kachikwu, countries like the United Arab Emirates had cut costs significantly, saying they...

August 2, 2017

Green Post

Nigerian Government Approves National Gas Policy

Nigeria’s government has approved a national gas policy that aims to reduce the country’s dependence on crude oil by increasing gas exploration and facilities, the oil ministry said in a statement. The policy was passed in last week’s cabinet session...

July 19, 2017