Tag: IOCs
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No IOC is leaving Nigeria – Lokpobiri
Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil) has said International Oil Companies (IOCs) cannot find a better location for business than Nigeria and no IOC is leaving the country.
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IOCs plotting for our refinery to fail – Dangote
Mr Devakumar Edwin, the Vice President of Dangote Oil and Gas Industries, has accused International Oil Companies (IOCs) in Nigeria of trying to frustrate the survival of Dangote Oil Refinery and Petrochemicals. Edwin told the newsmen in Lagos on Sunday.
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Kyari explains why IOCs are withdrawing investments from Nigeria
Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said that major oil companies are leaving the country to places where they contribute to the journey towards carbon net-zero commitment. Kyari made this known on Monday while delivering his welcome speech at the 2022 Nigerian International Energy Summit (NIES2022) themed:…
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CSO Engages IOCs, FG: Demand Remediation of Degraded, Polluted N’Delta Environment
A Civil Society Organisation known
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IOCs owing NDDC $4bn – Minister
Senator Godswill Akpabio says oil firms operating in the Niger Delta have defaulted in their statutory remittances to the Niger Delta Development Commission (NDDC) to the tune of $4 billion. Akpabio, who is the Minister of Niger Delta Affairs, made the claim on Thursday at the weekly ministerial briefing held at the State House in…
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IOCs contribute $1bn to Ogoni clean-up project – Minister
International oil companies have so far contributed about one billion dollars for the implementation of Ogoni clean-up project. The Minister of Environment, Dr Mohammad Abubakar, made this known during a news briefing organised by the Ministry in Abuja on clean-up of Ogoniland. According to Abubakar, the remediation of 21 lots of phase one batch has…
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NDDC directs IOCs to pay into CBN offshore account
The Niger Delta Development Commission (NDDC) says it is only in its CBN Offshore Account that international oil companies (IOCs) can pay their monies into. The commission said this in a statement issued by Prof. Kemebradikumo Pondei, the Acting Managing, on Friday in Abuja. According to Pondei, the clarification has become necessary to guide members…
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CEPEJ charges Okowa, IOCs on education in Delta
A Non-govermental Organization, the Center for Peace and Environmental Justice (CEPEJ) yesterday charged the state government to pay more attention to the state’s educational sector. The group also appealed to multinational oil companies operating within the state to channel more of their Corporate Social Responsibility functions to eradicate illiteracy and reduce civil unrest in their…
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Nigeria owes IOCs $5.1b – NNPC
The Nigerian National Petroleum Corporation (NNPC) on Thursday confirmed to Senate that the nation’s indebtedness to International Oil Companies (IOCs) stood at $5.1 billion. The $5.1 billion, according to the Corporation, was accumulated from the Joint Venture Cash Call (JVC) business arrangement the country has with IOCs on oil exploration. But the NNPC denied allegation…