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Energy

Kyari Assures AKK Gas Pipeline Project ‘ll Be Delivered on Schedule, Create Prosperity

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured that the ongoing 614 nkilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline project would be delivered on schedule, create prosperity through massive job opportunities and guarantee peace…

NCDMB, NNPC contend on either sides of cost balance

Sopuruchi Onwuka The two key agencies of government with mandates on value derivation from the petroleum industry are pulling industry players towards different and separate dividend propositions, creating position gaps that pose compliance puzzle for investors. Whereas the Nigerian National…

Downstream oligopoly strives against PIB

Sopuruchi Onwuka The ancient demon that causes scare in government’s failing attempts at commercial deregulation of the domestic fuel market appears to have crept in the Petroleum Industry Bill (PIB); the omniscient legislation conceived to resolve all fiscal, regulatory and…

OPEC+ maintains grip on global supply, records 113% compliance

Sopuruchi Onwuka Global petroleum market factors, the Organization of Petroleum Exporting Countries (OPEC) and its allies, have registered positive control of crude oil supplies towards the twin targets of adequately fuelling socio-economic activities while returning value for investors and resource…