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  • Oil & Gas - News
  • Updated: March 13, 2022

Latest Oil & Gas News Roundup For march 6 - March 13, 2022

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Lawrence Agbo
Lawrence Agbo

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Welcome to the AllNews roundup of the latest Oil & Gas News that made the round last week.

IPMAN Urges FG To Focus On Increasing Domestic Refining

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised the Federal Government to remain focused on increasing Nigeria’s domestic refining capacity.

IPMAN’s President, Chinedu Okoronkwo, on Friday in Lagos that having functional refineries was in the best interest of the nation at this point in time. Read more here.

Nigeria Open To Onshore Investments — Sylva

The Federal Government on Monday said it was open to onshore and natural gas investments in Nigeria by the Turkish Government.

Chief Timipre Sylva, Minister of State, Petroleum Resources, spoke during a bilateral meeting with Turkish Deputy Minister of Energy and Natural Resources Alpersen Bayraktar, on the side-line of the ongoing Ceraweek, in Houston, Texas. Read more here.

Our Sale, Purchase Agreement With ExxonMobil Not Terminated – Seplat Energy

Seplat Energy has said that its Sale and Purchase Agreement (SPA) with ExxonMobil has not been terminated.

Chief Financial Officer, Seplat Energy, Emeka Onwuka made the clarification in a statement on Monday in Lagos. Read more here.

African Countries Engage DFIs To Fund Oil, Gas Projects

Nigeria and other petroleum-producing countries in Africa have begun engagements with Developmental Finance Institutions (DFIs) to fund critical oil and gas projects in the continent.

The Minister of State for Petroleum Resources, Chief Timipre Sylva, made this known while declaring open the first African Local Content Investment Forum (ALCIF) on Monday in Lagos. Read more here.

Oil, Gas Companies Owe Federation Accounts N1.32 Trillion In 2020 – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI), said oil and gas companies' liabilities to the Federation Accounts as of Dec. 31, 2020, was N1.32 trillion.

Executive Secretary, NEITI, Dr. Orji Ogbonnaya Orji made this known on Monday in Abuja at the public presentation of reports on Oil, Gas and Mining as well as Fiscal Allocation and Statutory Disbursement. Read more here.

These are the latest Oil & Gas news that made trends during the week. Visit our website https://allnews.ng for more Oil & Gas news around the world.

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Lawrence Agbo
Lawrence Agbo

Lawrence is a vibrant journalist that loves creating SEO-focused content that drives businesses. ...

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