US PLEDGES SUPPORT FOR NIGERIA'S OIL SECTOR

The United States Government has pledged its readiness to work with the new management of the Nigerian National Petroleum Corporation in achieving the Federal Government’s reforms in the country’s oil and gas industry.

Speaking during a courtesy call on the NNPC’s Group Managing Director, Dr. Ibe Kachikwu, at the corporation’s headquarters in Abuja, the US Ambassador to Nigeria, Amb. James Entwistle, said his country was willing to provide all necessary support to the new NNPC management to realise its set goals and objectives.

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REPORT DAMPENS BUHARI’S ENERGY REFORM AMBITIONS

The Nigerian government’s ambitions for improving electricity supplies are “not remotely realistic”, a report by experts advising the presidency says, an early blow to one of President Muhammadu Buhari’s most important reform promises.

Chronic power shortages are one of the biggest constraints on investment and growth in the country. Fixing the problem was one of the key battlegrounds during campaigning ahead of a presidential election Buhari won in March.

Read more @ SweetCrude Report

PRESIDENT PROMISES REFORMS, NEW POLICIES IN OIL AND GAS SECTOR

Determined to boost the nation’s income from the sector, President Muhammadu Buhari on Tuesday said his administration will undertake appropriate reforms and implement fresh policies in the oil and gas production.

The president spoke at separate meetings with delegations from Exxon- Mobil and the Nigeria Liquefied Natural Gas Company (NLNG).

 

Read more @ Thisdaylive