Ibe Kachikwu, minister of state for petroleum resources, says China has an edge over the US and UK in Africa because it is providing what Africa needs.Kachikwu made this comment on the sidelines of the ongoing 2018 Forum on China–Africa Cooperation (FOCAC)."They are active in Liberia, Ghana, Angola. They are throwing money where their mouth is and in very many [...]
Tag "Emmanuel Ibe Kachikwu"

Emmanuel Kachikwu, minister of state for petroleum resources, says Nigeria will again get exempted from production cuts agreed on by the Organisation of Petroleum Exporting Countries (OPEC).Nigeria was first exempted for six months and the second time, for nine months, in OPEC’s decision to cut crude production to reduce supply glut and increase oil prices.NAN reports that the minister made [...]

Ibe Kachikwu, minister of state for petroleum, says aging pipelines are responsible for the reduced crude oil output recorded in July.The minister made this known on Thursday while speaking on the sidelines of the launch of the $200 million Nigerian content intervention fund and memorandum of understanding signing between Nigerian Content Development and Monitoring Board (NCDMB) and Bank of Industry (BOI).Kachikwu [...]

Emmanuel Ibe Kachikwu, minister of state for petroleum resources, says it is better for Nigeria to stop crude oil production than to produce it at a high cost.The minister said this while speaking at the Nigeria annual international conference and exhibition organised by the Society of Petroleum Engineers in Lagos on Monday.He said unlike other countries that have managed to [...]