Browsing Tag

Kachikwu

Why there are queues at filling stations – Kachikwu

John Ogunsemore Apr 15, 2019 0

Dr Ibe Kachikwu, Minister of State, Petroleum Resources, says the queues at filling stations is as a result of logistics challenges and has nothing to do with petrol scarcity.Speaking with journalists on Monday in Lagos, Kachikwu urged…

ExxonMobil, other oil coys not exiting Nigeria – Kachikwu

Edith Ike-Eboh Apr 14, 2019 0

Dr Ibe Kachikwu, the Minister of State for Petroleum Resource says that no International Oil Company (ICO) is planning to exit Nigeria contrary to reports in some section of the media.Kachikwu made this known while briefing newsmen…

Dangote bags Brevity Anderson honorary patron’s award

Yunus Yusuf Jan 30, 2019 0

Alhaji Aliko Dangote, the President of Dangote Group, has received the Honorary Patron’s Award from Brevity Anderson for his contributions to the Global Hydrocarbon Industry and his investments in the Nigeria’s downstream sector.The…

Gas: FG will boost production by 3.4bn standard cubic feet in 2020 – Kachikwu

Edeki Igafe Oct 27, 2018 0

The Federal Government would deliver about 3.4 billion standard cubic feet of gas per day to bridge the medium-term supply gap by 2020.The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, gave the assurance on Saturday at the…

Kachikwu bags honorary citizenship, doctorate, other awards in U.S.

Prudence Arobani Oct 26, 2018 0

The Minister of State for Petroleum, Dr Ibe Kachikwu, was on Thursday conferred with multiple honours, including honorary citizenship of the State of Georgia in the U.S., the News Agency of Nigeria (NAN) reports.Kachikwu was…

NNPC records N85.5 billion loss on petrol importation, says Kachikwu

News Agency of Nigeria Jan 5, 2018 0

The Minister of State For Petroleum Resources, Dr Ibe Kachikwu on Thursday said the Nigerian National Petroleum Corporation, NNPC has incurred a cumulative loss of N85.5 billion in importing petrol and selling at the current retail price of…

Kachikwu Debunks Reports on Plans to Increase Fuel Price

News Agency of Nigeria Jan 5, 2018 0

Minister of State for Petroleum, Dr Emmanuel Ibe Kachikwu, has denied news reports that the Federal Government was planning to jack up the pump price of petrol, at present fixed at N145 per litre.Idang Alibi, the Director of Press in…

Photos: Osinbajo, Kachikwu Visit Filling Stations In Lagos On Christmas Day

John Ogunsemore Dec 25, 2017 0

To sympathise with Nigerians on their plight with fuel scarcity crisis in the country, Vice President Yemi Osinbajo and Minister of State for Petroleum Resources, Dr Ibe Kachikwu visited some filling stations in the Apapa area of Lagos on…

How Nigeria Lost $21 Billion In Oil Sharing In 20 Years – Kachikwu

John Ogunsemore Dec 14, 2017 0

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has revealed how a defect in regulations lost Nigeria $21 billion in oil production sharing contact (PSC) revenue.Addressing journalists after a Federal Executive Meeting…

Fuel Scarcity: No Cause For Alarm – Kachikwu

John Ogunsemore Dec 6, 2017 0

As the fuel scarcity bites harder across the country, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu has assured Nigerians that there was no cause for alarm, saying the issue would be resolved shortly.The Minister of…

Kachikwu – Oil exploration in North East is good for the country

News Agency of Nigeria Nov 14, 2017 0

The Minister of State for Petroleum, Dr Ibe Kachikwu, says oil exploration in the North East is for the good of the nation.He said this during “Overview of 2018 Budget Proposal” on Tuesday in Abuja.He added that “we have an…

Buhari a decent man, has Reconciled Baru and me – Kachikwu

Femi Famutimi Oct 14, 2017 2

Dr Ibe Kachickwu, the minister of State for Petroleum has finally broken his silence on the conversation between him and President Buhari over the controversial memo in which he made certain allegations against the Group Managing Director…

Kachikwu, Baru meet, discuss opportunities in petroleum industry

Uju Oct 11, 2017 0

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu and Group Managing Director of NNPC, Mr Maikanti Baru, met on Tuesday and discussed opportunities to further develop the nation’s oil and gas sector.They met in Abuja at the…

Kachikwu vs Baru: Foreign Investors Jittery As Spat Shines Spotlight On Graft

The Herald NG Oct 10, 2017 0

The public spat between the Minister of State for Petroleum, Ibe Kachikwu and the General Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru is making foreign investors nervous.This comes at a time when the…

Kachikwu/Baru feud: Minister’s allegations baseless – NNPC

Uju Oct 9, 2017 0

The Nigeria National Petroleum Corporation (NNPC) on Monday said Dr Ibe Kachikwu’s allegations against its Group Managing Director, Dr Maikanti Baru, were baseless and untrue.Kachikwu had, in a letter to President Muhammadu Buhari dated…

“Both Baru and Kachikwu Should be Suspended”- Senator

Femi Famutimi Oct 9, 2017 0

A Senator representing Ondo Central Senatorial District, Tayo Alasoadura, has asked for the suspension of the State Minister for Petroleum Dr. Ibe Kachikwu and the Group Managing Director, Nigerian National Petroleum Corporation, Dr.…

Kachikwu intervenes in Shell/Bayelsa Govt dispute over development levy on oil facility

Uju Oct 4, 2017 0

The Minister of State for Petroleum, Dr Ibe Kachikwu, has intervened in the dispute between Bayelsa government and Shell Petroleum Development Company (SPDC) over nonpayment of development levy by the oil company.The News Agency of…

Kachikwu Expresses Anger At Leakage Of Official Memo To Buhari

Jide Olusola Oct 4, 2017 0

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Tuesday deplored the leakage to the public of a memo to President Muhammadu Buhari by the ministry.Kachikwu expressed the displeasure in a statement in Abuja by Mr Idang…

Buratai, Kachikwu, others for Peace Achievers Awards

Uju Sep 19, 2017 0

The Chief of Army Staff, Lt.-Gen Tukur Buratai and the Minister of State for Petroleum, Dr Ibe Kachikwu have been nominated for the 2017 edition of the Peace Achievers Awards.Mr Kingsley Amafibe, the Project Director of Peace Ambassadors…

Buhari’s mandate to shift dependence from oil yields results – Kachikwu

Uju Aug 30, 2017 0

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Tuesday in Abuja said the mandate of President Muhammadu Buhari’s administration to shift focus from oil-dependence to gas was yielding results.Kachikwu said this while…

Kachikwu advocates more funds for local content development

Uju Aug 25, 2017 0

The Minster of State for Petroleum Resources, Dr Ibe Kachikwu, on Thursday called on financial institutions , oil companies and other stakeholders to support the expansion of Nigerian Content Intervention Fund.Kachikwu made the call at…

Kachikwu decries high cost of oil production at $32 per barrel

Uju Aug 17, 2017 0

The Minister of Petroleum Resources, Dr Ibe Kachikwu, has decried the high cost of oil production at 32 dollars per barrel, saying it makes cost of Foreign Direct Investment (FDI) very expensive.Kachikwu made the assertion at the 2017…

Over $300bn losses in oil investments in 3 yrs, says Kachikwu

Uju Jul 31, 2017 1

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday lamented the loss of 300 billion dollars in oil investments globally in three years, due to the decline in oil price.Kachikwu, who stated this at the 2017 Society…

National petroleum policy will increase investments in oil, gas sector – Kachikwu

Uju Jul 27, 2017 0

The Ministry of Petroleum Resources says the new National Petroleum Policy will ultimately remove barriers affecting investment and development of the oil and gas sector in Nigeria.A statement in Abuja on Wednesday by the Director of…

Kachikwu calls for globalisation of Nigeria’s economy to attract foreign investors

Uju Jul 19, 2017 0

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Wednesday called for the globalisation of the nation’s economy to attract more foreign investors in the country.The minister made the call in Abuja while addressing the…

Oil market uncertainties will affect 2017 budget — Kachikwu

Uju Jul 13, 2017 1

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the 2017 budget implementation will be affected by growing uncertainties in the global oil market.Kachikwu made the statement at a news conference on Wednesday in…

Kachikwu says refineries need $1.2bn for repairs

Uju Jun 9, 2017

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Thursday in Abuja explained that reports of concession of Port Harcourt to Oando and Agip companies were untrue .Kachikwu said at a news briefing that ”a technical…

FG to reduce petroleum import to 60% by 2018– Kachikwu

Uju May 17, 2017

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has reiterated Federal Government’s resolve to reduce importation of petroleum products from the present 95 per cent to 60 per cent by 2018.Kachikwu stated this at the…

Osinbajo Orders Oil Companies to Relocate Head Offices To Niger Delta

Tosin Mar 5, 2017

Nigeria’s acting president, Yemi Osinbajo, on Thursday directed the Minister of State for Petroleum, Ibe Kachikwu, “to engage” with International Oil Companies “on the way forward” over repeated calls for the relocation of their head…

Kachikwu Charges Newly-Inaugurated Hydrocarbon Council On Speed, Efficiency

Ayo Nov 22, 2016

The Minister of State for Petroleum, Dr Ibe Kachikwu, has advised the newly-inaugurated council on hydrocarbons to speedily formulate policies that will address challenges in the oil and gas sector.Kachikwu gave the advice in Abuja on…