The Director said Nigeria’s last bid round for the marginal fields was in 2003.
The energy sector, and in particular, upstream oil and gas, remains a critical sector for Nigeria.
Over 300 companies have applied to be prequalified for the Nigerian Marginal Field Bid Round.
FAAC disbursed a sum of N650.83 billion to the three tiers of government in December 2019 from the revenue generated in November 2019.
President Muhammadu Buhari has appointed Sarki Auwalu as a substantive Director for the Department of Petroleum Resources (DPR). #DPR #FUEL-SCARCITY
The attempt by Rivers State Government to acquire a stake in a mining lease located in the oil mining concession OML 11 operated by Shell.
The closure of the border petrol stations by FG has cut down the consumption of Premium Motor Spirit (PMS), known as Petrol to 30%.
In order to sanitise the lubricant subsector, the Department of Petroleum Resources (DPR) has announced a partnership with security operatives.
The DPR has cautioned the Independent Petroleum Marketers Association of Nigeria (IPMAN) in Osun State against diversion of petrol.
The Department of Petroleum Resources (DPR) has decided to stop the loading and distribution of over 33,000 litres of fuel by road tankers.