Operators in the downstream oil sector urge the Federal Government to ensure crude oil supply to the Dangote refinery, criticizing high prices and lack of collaboration as reasons for preferring imported fuels. Eko Hot Blog reports that operators in the downstream oil sector have urged the Federal Government to ensure the provision of crude oil to the … Read more
Eko Hot Blog reports that the Nigerian Senate has voiced criticism against international oil companies (IOCs) for neglecting investments in the petrochemical industry. EDITOR’S PICK: Kano Hisbah Arrests 52 Keke Riders Over Alleged Immoral Haircuts And Unlawful Activities Femi Otedola Expresses Joy As He Makes Forbes’ Africa Billionaires List After Seven Years Naval Chief Faces … Read more
“All the international oil companies owe and efforts are ongoing to recoup the money,” Akpabio said at the briefing but he did not immediately provide further details. International Oil Companies (IOCs) operating in Nigeria owe the Niger Delta Development Commission (NDDC) more than $4 billion, Minister of Niger Delta Affairs, Senator Godswill Akpabio disclosed on … Read more