The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has declared that the Ministry and its parastatals are focused on mitigating the effects of lower crude oil prices by directing efforts and investments towards the diversification of oil revenue base in 2015 and beyond.
Speaking at the 2014 budget performance and 2015 budget defence presentation before the House of Representatives Joint Committee on Petroleum Resources-Upstream, Downstream and Gas Resources, Mrs. Alison-Madueke stated that the ministry will expand its revenue frontiers by enhancing gas operations, expanding retail outlets and increasing refineries' capacity utilization while at the same time minimizing the losses.
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