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HEINEKEN LOKPOBIRI
The Federal Government has issued a strong warning to firms and individuals with oil block licenses who have failed to secure investment or undertake exploration activities, stating that their licenses will be revoked if they do not comply.
The Federal Executive Council (FEC) has approved a $21 million contract for the metering of 187 crude oil flow stations in the Niger Delta region.
Nigeria has successfully secured the bid to host the headquarters of the newly established $5 billion African Energy Bank (AEB) in its capital city, Abuja.
The Nigerian National Petroleum Corporation (NNPC) Limited has called for the creation of more local institutions aimed at funding energy projects in Nigeria and throughout Africa.
The federal government through its petroleum ministry is bidding to host the headquarters of the newly established $5 billion Africa Energy Bank (AEB) in Abuja, the federal capital territory.
The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has announced the Federal Government's ambitious plan to solidify a groundbreaking deal valued at a staggering $20 billion.
The Minister of State for Petroleum Resources, Heineken Lokpobiri, has stated that the federal government is expecting a substantial investment of $10 billion from an international oil company in deep offshore projects “in the next few weeks.”
The Minister for State Petroleum Resources, Heineken Lokpobiri, stated that the majority of Nigeria’s oil pipeline infrastructure was constructed around 70 years ago when the country first discovered oil.
The Minister of state for Petroleum Resources, Sen. Heineken Lokpobiri has attributed the low crude oil production in the first quarter of the year to issues with the Trans-Niger pipeline and maintenance activities by some oil companies.
The Minister of state for Petroleum Resources, Heineken Lokpobiri has stated that Shell’s exit from Nigeria’s shallow water fields presents an opportunity for local players who unlike IOC’s will keep their funds in Nigeria.
The Minister of State for Petroleum Resources, Heineken Lokpobiri has said that he anticipates a crude oil production of 2 million barrels per day in 2024.
Heineken Lokpobiri, has reaffirmed the nation’s commitment to the membership of the OPEC after Angola, Africa’s second-largest oil producer exited the cartel.