crude oil

The scramble to stop crude oil theft, save indigenous producers

The scramble to stop crude oil theft, save indigenous producers

By Bisis Daniels A few years before the Minister of State for Petroleum Resources, Timipre Sylva challenged indigenous oil and gas companies to significantly increase their investments in oil and gas assets in the country, many of them had taken the plunge on their own. Speaking recently as chairman and special guest at the Nigerian […]
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Mudiaga-Odje asks FG to abrogate excess crude oil account

Mudiaga-Odje asks FG to abrogate excess crude oil account

A constitu-tional lawyer and human rights activist, Dr. Akpo Mudiaga-Odje, has called on the Federal Government to abrogate the illegal Excess Crude Oil Account and pay all revenues accruing from the sale of crude oil and gas into the Federation Account in line with Section 162 (10) of the 1999 constitution.

Crude Oil: A blessing or a curse?

Crude Oil: A blessing or a curse?

It is one of the natural endowments that occupy the crust in the southeast of the country. Well sought after by governments and individuals from around the world, it has over the years been nicknamed the black gold by many a people who deem it logical to compare its popularity with the precious metal. Shortly […]