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Kano state governor, Mallam Ibrahim Shekarau, at the weekend, called on the Federal Government to create a special agency where the benefits of the subsidy removed from the petroleum sector as a resultof deregulation is used for delivery of democracy dividends to Nigerians like what happened during the military era.
MEMBERS of Parliament, a short while ago, queried the issue of different fuel prices at different pump stations. Sseguya Lubyayi, the vice-chairman of the tourism, trade and industry committee, said either stations selling fuel expensively are cheating the public or those selling cheaply, could be adulterating the fuel, tampering with pumps or smuggling fuel into the country.
A new state-owned firm is set to enter the lucrative Tanzanian oil marketing business which, since its liberalisation in 1999, has been in the hands of the private sector.
NAMCOR, the National Petroleum Corporation of Namibia, has entered the fuel distribution industry with the opening of its first fuel depot at Otjiwarongo.
AS controversy continues to trail government planned deregulation of the downstream sector of the nation's petroleum industry, Labour Writers Association of Nigeria (LAWAN) has called for a time frame to end importation of petroleum products into the country.
Shell Petroleum Development Company (SPDC), weekend, said its Gbaran-Ubie integrated oil and gas project in Bayelsa State has gulped over $1bn.
Governor Emmanuel Uduaghan of Delta State has called on members of the National Assembly to urgently pass the Petroleum Industry Bill (PIB) to law, so that real progress would begin in the oil industry.
THE Federal Government has been urged to relocate the headquarters of the Nigerian National Petroleum Corporation (NNPC) to any state in the Niger Delta region where the nation's oil economy is based.
A transformer oil thief has been jailed for 10 years for disturbing the smooth flow of electricity and burning a substation.
Investment in the downstream sector, particularly in refinery projects, is now the condition for issuance and renewal of concessions and oil licences to International Oil Companies (IOCs) in Nigeria.
PRESIDENT Rupiah Banda has accused some people with vested interests in the fuel procurement process of blowing the current fuel shortage Zambia is experiencing out of proportion.
In a bid to end the perennial artificial fuel scarcity in the country, the Nigerian National Petroleum Corporation, NNPC, said yesterday that it has concluded arrangements with some Independent Marketers to take over their filling stations in order to sustain steady fuel supply.
Nigerian Merchant Navy has called on President Umaru Yar'Adua to look more closely into the activities of the Nigerian Navy, particularly on issues of illegal importation of illegal arms, contraband and hard drugs into the country. Director-General of Nigerian Merchant Navy, Commodore Allen Edem, gave the charge in Abuja while reacting to a recent media report titled 'Navy uncovers plot to ...
The House of Representatives yesterday denied reports that it supported the deregulation of the petroleum sector policy, which is being canvasssed by the Federal Government.
In its efforts to find a lasting solution of rampant roadside fire accidents, Kano State government has banned the sale of petroleum products outside filling stations. This was disclosed by the Commissioner of Information, Barr. Haruna Isa Dederi, while speaking to newsmen after the State Executive Council meeting . He said the council has also banned the sale of petroleum products by the filling ...
The House of Representatives yesterday urged the Federal Government to direct the relevant authorities to resume the exploration and exploitation of oil and gas in the Lake Chad Basin, Benue and Adamawa Troughs as well as the Anambra River Basin.
The House of Representatives yesterday asked the government to resume the exploitation of oil and gas resources in the Lake Chad Basin, Benue, Anambra and Adamawa troughs.
The Federal government has raked in 312 billion as oil revenue between July and September, the Director of Department of Petroleum Resources (DPR) Billy Agah has said.
The Government is optimistic that oil could be discovered in the near future following intensive exploration activities in the country.
Major oil companies in the country's upstream industry operations refusing to integrate downstream operations now risk withdrawal of their operated assets as government comes out with a new policy directive on internal crude oil refining.
House of Representatives yesterday distanced itself from media reports credited to its committee chairman on petroleum down stream sector, Hon. Ikisikpo Clever saying the chamber was in support of the planned deregulation of the sector by the federal government.
The House of Representatives yesterday denied reports that it has supported the deregulation of the petroleum sector proposed by the Federal Government.
The Nigerian National Petroleum Corporation (NNPC) yesterday declared that the planned deregulation of the downstream sector of the petroleum industry would not necessarily lead to a hike in the prices of petroleum products as generally believed.
THE Federal Government, on the second day of its meeting with leaders of the Nigeria Labour Congress, NLC, yesterday, admitted that its planned deregulation of the downstream sub-sector of the petroleum industry will lead to an increase in the pump price of petrol.
One of the most significant dividends of the Amnesty Deal is the reported plan by the Federal Government of Nigeria (FG) to allocate 10 per cent of its equity stakeholding in the oil joint venture (JV) companies to the oil-producing communities in the Niger Delta region.
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