The Department of Petroleum Resources (DPR) on Friday defended itself against claims by the Nigeria Extractive Industries Transparency Initiative, NEITI, that no Nigerian knows the exact volume of crude oil produced in the country especially at deep offshore field. Mr Paul Osu, Head, Public Affairs, DPR, in a statement issued in Lagos, said every litre […]

The Department of Petroleum Resources (DPR) on Friday debunked claims that the exact volume of crude oil produced in the country was not known. Mr Paul Osu, Head, Public Affairs, DPR, in a statement issued in Lagos, said every litre of crude produced in the country was adequately captured during the process of extraction. Osu […]

…Seeks media support for reforms By Obas Esiedesa THE Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, Dr. Orji Ogbonnaya Orji has stated that no Nigerian knows the exact volume of crude oil produced in Nigeria especially at deep offshore fields. Dr. Orji explained that the absence of meters at wellheads and the […]

Nigeria is losing 200,000 barrels of oil valued at 13 million dollars daily to theft and vandalism, NNPC said on Thursday. Managing director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, was quoted as making the disclosure on Wednesday during a meeting with the country’s defence chief, Major-general Lucky Irabor in Abuja. “We have […]

By Obas Esiedesa – Abuja The Minister of State, Petroleum Resources, Chief Timipre Sylva has admonished Nigerians to be ready to bear the pains of increased petrol pump price as crude oil price climbs above $60 per barrel. Speaking at the official launch of Nigerian Upstream Cost Optimisation Program on Tuesday, Sylva said with no […]