The importance, uses and overall benefits of petroleum otherwise known as rock oil can not be overemphasized. From factories, machineries and transportation to electricity generation, crude oil has become a major source of energy that affects all sectors of any nation and its economy.
The outcome of the ongoing probes of subsidy payments for petrol and kerosene in Nigeria may make or mar Federal Government’s deregulation policy. Indications are that government’s handling of the outcome of the probes would determine the kind of investments flow that will jump start the downstream petroleum sector.
Yenagoa – UNLESS urgent steps are taken to salvage the Goodluck Jonathan Bridge across the Ikoli River, a tributary of Nun River, the ailing structure may collapse in no distant time.
Yenagoa – While unrest in the Niger Delta has sharply declined since a 2009 amnesty deal, crude oil theft and illegal refining of petroleum products has increased in the region in spite of the clamp down on the illicit trade by the country’s security forces, the Joint Task Force codenamed Operation Pulo Shield.
