• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

FG committed to increasing hydrocarbon export base to boost employment – Minister

William Ukpe by William Ukpe
November 9, 2020
in Business
FG committed to increasing hydrocarbon export base to boost employment – Minister
Share on FacebookShare on TwitterShare on Linkedin

The Minister of State for Environment, Mrs. Sharon Ikeazor, announced that the Nigerian government remains committed to increasing its hydrocarbon export base, which she says will increase employment opportunities for Nigerians.

The Minister disclosed this on Sunday in Abuja in a meeting with stakeholders on the Environmental Impact Assessment of the proposed Ameshi and Enyi Field Development Project, by Sterling Exploration and Production Company Ltd (SEEPCO). She also added that increasing clean Hydrocarbon exports is one of the main economic priorities of the administration.

The Minister said that Hydrocarbon exploration must be done in an ecofriendly and clean way to prevent negative effects like environmental degradation.

RelatedStories

Sterling Oil and PENGASSAN resolve dispute with government support 

Sterling Oil and PENGASSAN resolve dispute with government support 

June 12, 2025
NNPC, SEEPCO sign gas development agreement for domestic market

NNPC, SEEPCO sign gas development agreement for domestic market

April 22, 2021

She added that the FG is serious about environmental permits on hydrocarbon drilling sites, citing the Environmental Impact Assessment Act which gives the power for a stop-work order to oil drilling companies.

“Towards this end, and in exercise of its regulatory responsibilities, the ministry of environment has observed that SEEPCO did not obtain all the required regulatory permits before embarking on drilling at a site, in clear violation of section 62 of the Environmental Impact Assessment Act.

“Consequently, a stop-work order of July 6, 2020 was issued to SEEPCO,” she said.

What you should know

Nairametrics reported in September that NNPC signed a gas development deal with Sterling Exploration and Energy Production Company (SEEPCO), for the development and commercialization of gas from Oil Mining Lease (OML) 143.

Also reported in September was that crude oil exports accounted for 70% (N1.55 trillion) of the total value of exports in Q2 2020. However, crude oil exports decreased in value by 47.2% in Q2 2020 compared to Q1 2020 and 60.5% year-on-year.

Nigeria’s total foreign trade (import and export) dropped by 27.46% year on year in Q2 2020, when compared to N8.61 trillion recorded in the corresponding quarter (Q2) of 2019.

Spain took over from India as Nigeria’s top export destination in the second quarter (Q2) of 2020. The European nation got 14% (N310.7 billion) of the total export trade of Nigeria in Q2 as against the 9.87% (N402.93 billion) recorded in Q1 2020.


Follow us for Breaking News and Market Intelligence.
Tags: SEEPCOSterling Exploration and Production Company Ltd
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

Sterling Oil and PENGASSAN resolve dispute with government support 
Companies

Sterling Oil and PENGASSAN resolve dispute with government support 

June 12, 2025
NNPC, SEEPCO sign gas development agreement for domestic market
Business News

NNPC, SEEPCO sign gas development agreement for domestic market

April 22, 2021
FG to give up majority stakes in its 4 refineries, to be privately managed, NNPC, Pipeline Vandalism: Stakeholder collaboration, critical to tame menace - Kyari, Nigeria explains when it will fully comply with OPEC+ output cut
Energy

NNPC signs gas development and commercialization deal with SEEPCO

September 26, 2020
Next Post
Unilever Nigeria

Unilever Nigeria Plc: Change in management has had mixed impact

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Why many Nigerian MSMEs may be locked out of access to credit – Expert 
  • CBN opens application for Knowledge Acceleration Programme to shape future research priorities 
  • CBN to decide Nigeria’s interest rate policy on July 22 MPC meeting 

Follow us on social media:

Recent News

MSMEs, stock market

Why many Nigerian MSMEs may be locked out of access to credit – Expert 

July 13, 2025
CBN, MPC

CBN opens application for Knowledge Acceleration Programme to shape future research priorities 

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics