The realization of the Nigerian Gas Flare Commercialisation Programme (NGFCP) will be very advantageous to the country.
Timipre Sylva has announced that repair works would commence on Warri and Kaduna refineries in the first half of next year.
The closure of the land borders by the Federal Government has cut down the consumption of Petrol (Premium Motor Spirit) by 8 million litres.
Timipre Sylva stated yesterday that the government knows that the full amount expected from the IOCs might never be recovered.
The sum of N5.4 billion has been approved for the development of oil and gas parks and indoor shooting range for aviation security.
The newly-sworn-in Minister of State for Petroleum Resources, Timipre Sylva has said that FG should reduce the production cost of crude oil.
President Buhari has retained his portfolio as Petroleum Minister, as he announced Timipre Sylva as Minister of State for Petroleum.