Gas Content Development News Today

In compliance with the Nigerian Oil and Gas Content Development Act, Green Energy International Limited (GEIL), the operator of Otakikpo marginal field

The executive secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned that Nigeria might resort to

This, he noted, could happen if immediate measures were not taken to address current low production levels.

According to Mr Wabote, “it will be a sad outcome if we stop the importation of refined petroleum products only to replace it with the importation of crude oil for use in our local refineries.”

Punch Newspapers Sections Sunday Aborisade, Abuja The Senate commenced consideration of the Petroleum Industry Bill on Monday with the Women in Energy Network rejecting the 2.5 per cent the host communities are demanding from the investors in the oil and gas sector as annual levies. The host communities started their demand when they asked for 10 per cent net profit in PIB 2012. They reduced it to five per cent of actual expenditure in 2018 before they further cut it to the 2.5 per cent of actu...