Shell Petroleum Development Company (SPDC) plans to spend $5 million (N1.8 billion) to finance some projects in the Nigerian Maritime University (NMU), Okerenkoko in Delta. Mr Osagie Okunbor, SPDC’s Managing Director, disclosed this on today in Port Harcourt at the formal signing of a Memorandum of Understanding (MoU) with the university’s Vice Chancellor, Prof. Ongoebi […]
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Propelled by the desire to encourage cross border economic development, Nigeria and the Republic of Niger recently signed a Memorandum of Understanding (MoU) for the construction of a hydrocarbon pipeline and a petroleum refinery. The pipeline is to be constructed from Niger to a border town in Katsina State, Nigeria. The new refinery would […]
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Close to two years after the Federal Government launched the $10b Infrastructure Fund to stimulate development in the Niger Delta, there is no trace of the fund anywhere.In October 2016, the Federal Government launched the $10b Infrastructure Fund to end insurgency and introduce sustainable development in the region. Minister of State for Petroleum, Ibe Kachikwu […]
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Minister of State, Petroleum Resources, and Chairman of the Nigerian National Petroleum Corporation (NNPC) board, Dr. Ibe Kachikwu, has said the federal government has surmounted challenges in the Niger Delta region to reach full production capability of crude oil in the country. Kachikwu made this known while speaking at the Nigeria International Petroleum Summit […]
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By Fred Latimore Oghenesivbe : An enlarged stakeholders meeting between representatives of oil bearing communities, Delta State Government and Minister of Petroleum Resources, Dr Ibe Kachikwu in conjunction with the office of the Vice President was held on Tuesday 21st November, 2017 at the Unity Hall, Government House Asaba. Delta State Governor Ifeanyi Arthur Okowa […]
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Delta State APC Leader, Olorogun O’tega Emerhor today(22/10/17) hosted the the State APC unity meeting at his Evwreni country home, Ughelli North local government area of Delta State, but three principle leaders of the party, namely Chief Great Ogboru, Senator Ovie Omo-Agege and Chief Frank Kokori and most of their followers were conspicuously absent, a […]
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Nigeria will attract over $10 billion to the Niger Delta between 2017 and 2019 through investments in infrastructure, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. Dr. Ibe Kachikwu, who made this statement at the graduation ceremony of the Petroleum Training Institute (PTI), Delta State, said that the use of equity […]
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The Minister of State for Petroleum, Dr. Ibe Kachikwu has written President Muhammadu Buhari over alleged acts of illegalities and insubordination by the Group Managing Director of the NNPC, Dr. Maikanti Baru. Kachikwu urged Buhari to be proactive enough in order to salvage the sensitive petroleum sector. The letter reads in part: “Parastatals in the […]
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The federal government has stated that two private Nigerian firms have been selected to build 217,000 barrels per day refineries in Port Harcourt and Warri under the co-location concept initiated by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu. Modalities are also being worked out by the federal government to offer financial support […]
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The Federal Government, yesterday, backpedalled on its modular refineries initiative, declaring that it would no longer allow the proliferation of such refineries across the Niger Delta. Ibe Kachikwu. The Federal Government had a few weeks ago, stated that it would encourage the setting up of modular crude oil refineries in oil-producing communities across the Niger […]
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