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Crude oil prices could rise to $200 per barrel as international oil companies curb their investments in new exploration and production, the Nigerian National Oil Corporation said this week. The effect of investment decisions being made now will be felt in about five years, NNPC’s Group General Manager for National
Crude oil prices could rise to $200 per barrel as international oil companies curb their investments in new exploration and production, the Nigerian National Oil Corporation said this week
Buhari pays tribute to 1st NNPC GMD, Festus Marinho
On
By Johnbosco Agbakwuru
PRESIDENT Muhammadu Buhari has condoled with the family of the pioneer Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Chief Festus Marinho, who passed on recently, aged 87.
In a letter to the Marinho family, the President described the deceased as a “skilled and knowledgeable person,” whom he worked with twice in his days as Petroleum Minister.
In a condolence statement issued by the Special Adviser to the President on Media and Publicity, Chief Femi Adesina, Buhari in the letter said:
“I write to express my heartfelt condolence on the passage of a noted Oil and Gas Executive, Chief Festus Marinho, whom I worked with in the industry for many years.