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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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Aiteo Ready To Resume Production in Nembe Oil Field


By Favour Ifeoluwa & Akinola Ajibade

Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC / Aiteo Joint Venture on OML 29 will reopen it's facilities for production, while continuing other statutory spill  management protocols currently, the company has said. 
This follows the completion of the joint investigative visit to the spill site by all stakeholders, as required by regulations of Nigeria's oil and gas industry.  
In a statement made available to the media yesterday and signed by its media team, 
 AEEPCO’s Group Managing Director, Victor Okoronkwo, said that the company is happy to announce the resumption of production activities in the Niger Delta Oil region..
He said: " After a comprehensive evaluation of our operations and infrastructure at the Nembe Swamp Field, we are delighted to confirm the resumption of production activities. Our dedicated team has worked diligently to address the issues caused by the recent incident and implemented enhanced safety protocols to prevent future occurrences. We have engaged with regulatory bodies, local communities, and stakeholders to ensure transparency and accountability throughout this process."


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