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NNPC
The Minister announced approval for a partnership deal for the establishment of a petroleum depot by the NNPC.
The partnership was announced Tuesday morning by EITI and NNPC in a joint statement.
The project is expected to be operated on a public-private partnership basis.
The agreement is expected to help resolve disputes stemming from Oil Mining Lease (OML).
Mosimi-Ibadan pipeline axis accounted for 38% of the vandalized points.
Kerosene would be sold for N160 at depots and diesel is set at N160 per litre in Lagos.
*Acts as facility agent bank for Nigerian commercial banks in the $1.5 billion facility to boost Nigerian oil production and government revenue.
Dr Dawha was the 16th GMD of the state oil giant.
The deal, which is a first of its kind since the pandemic, was led by Standard Chartered Bank.
Kyari advised some time be allowed to achieve the full rehabilitation of the refineries before relocation.
Petrol subsidy gulped N101.65bn in the first three months of the year.
Nigeria’s excess crude account has now fallen by a whopping 98% in just 5 years.