The Minister of State for Petroleum, Senator Heineken Lokpobiri, has said that the full deregulation of the downstream industry, particularly prices through the removal of fuel subsidies, prevented fuel scarcity during the festive season.
The Abigail Joseph Floating Production Storage and Offloading (FPSO) facility, operated by the NNPCL-First E&P Joint Venture offshore Bayelsa has announced plans to add about 100,000 barrel per day (bpd) to Nigeria’s crude oil production output.
Senator Heineken Lokpobiri, the Minister of State for Petroleum (Oil), has observed that the Nigerian National Petroleum Corporation (NNPC) Limited need to sell imported fuel above landing cost to combat smuggling.
