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Oil & Gas: Opportune Time For Africa To Consider Change -PwC 

Chris Bredenhann

  The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue. Despite the bleak landscape, the African continent still offers significant opportunities in the oil & gas sector. “It is an opportune time for local governments that ...

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Is Abuja Disco Complying with NERC’s Regulation On Local Content?


What is missing in CEC’s strategy to take over Abuja Disco and sideline the Nigerian investors that invited them in the first place, is the failure to understand that Abuja Disco is a strategic national company, and Nigerians will loathe having this solely in foreign hand. The authorities know that if this happens, it will be complete licence for capital ...

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P H refinery gets ISO 9001:2008 certification


The Bureau Veritas of France on Thursday awarded a certificate of ISO 9001:2008 to the Port Harcourt Refining Company (PHRC) for its quality management systems of international standard. The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, speaking at the presentation ceremony in Eleme, Rivers, commended the management of the PHRC for the feat achieved. Kachikwu, who is also ...

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FG Loses $775.2m On Oil, Gas Cargoes Discharged In Undesignated Terminals


The Federal Government is losing a huge sum of 775.2 million dollars (N152.7 billion) annually on oil and gas cargoes discharged at undesignated terminals. A maritime expert, Mr Emma Ugoji, made the disclosure in a statement made available to newsmen on Tuesday in Lagos. Statistics released by the Nigerian Ports Authority (NPA) showed that Liquefied Natural Gas (LNG), Refined Petroleum; ...

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Forex: We Get Credit Facility From Outside Investors – IPMAN


The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it gets credit line from outside investors to access foreign exchange to import petroleum products in the country. Alhaji Danladi Pasali, IPMAN National Secretary, said this in an interview with journalists on Tuesday in Abuja. He said that IPMAN was willing to continue to work with government to ensure availability of ...

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Nigeria To End Fuel Importation In 2019, Says Kachikwu


Dr Ibe Kachikwu, Minister of State for Petroleum Resources, on Monday said the Federal Government was targeting 2019 to end fuel importation in the country. Kachikwu disclosed this when he was speaking at an interactive session on removal of fuel subsidy organised by Coalition of Civil Society Organisations (CSOs), in Lagos. “For the first time, I am putting so much ...

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