Daily Archives: January 11, 2019

40bn barrels not likely soon as investors remain sceptical over PIGB

  A report by the Department of Petroleum Resources, DPR, obtained by Vanguard showed that Nigeria’s oil reserves remain low at 37 billion barrels, despite efforts made by the government and others to achieve 40 billion barrel by 2020.   In an interview with journalists in Lagos, a Ministry of Petroleum Resources official, who preferred […]

NNPC says it is working to crash the price of cooking gas

  The Nigerian National Petroleum Corporation (NNPC), says it is working to crash the price of cooking gas in the country.   It said this would be done through the implementation of effective commercial framework that would halt the export of propane and butane from the country.   The group general manager, Crude Oil Marketing […]