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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Fed Govt Plans To Conclude Sale 0f Mobil Assets



President Tiinubu 

By Favour Ifeoluwa & Akinola Ajibade


The Federal Government is not leaving any stone unturned to conclude the sale of $1.3 billion ExxonMobil oil assets to Seplat Energy Plc in order to increase investment and Nigeria’s production capacity, the Minister of State for Petroleum Resources, Senator Heineiken Lokpobiri has said. 

He said President Bola Tinubu has already directed him to ensure that all issues bordering on investment and production including sale of Exxon Mobil Assets are addressed, as part of efforts to widen the country 's capacity to improve its output. 

He spoke on the issue during a dinner organised for industry's stakeholdersi in Abuja.

He said: "The President has directed that we resolve all issues hindering investment in the industry. There are many oil well that have been idle for years. I have been engaging stakeholders, including the International Oil Companies, IoCs and indigenous oil companies on how to keep the idle oil wells open".

Adding that:" The directive was part of the efforts of the efforts of theFederal Government to conclude the sale of $1.3 billion ExxonMobil oil assets to Seplat Energy Plc in order to increase the country's capacity to increase oil output greatly..

Continuing further, the Minister said  there are many oil well that have been idle for years. I have been engaging stakeholders, including the International Oil Companies, IoCs and indigenous oil companies on how to keep the idle oil wells open. 

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