Page 2 - Reserve Position News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Rise in reserves due to foreign currency assets soaring by $7.362 billion

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Proven gas deposits in Nigeria has moved 206.53 trillion cubic feet, the Department of Petroleum Resources (DPR) said yesterday in Abuja. Speaking at the Nigeria International Petroleum Summit, Director of DPR, Auwalu Sarki disclosed that indigenous oil and gas companies are now contributing as much as 33 per cent to the nation’s crude oil reserves […]

Director/CEO DPR, Engr. Sarki Auwalu Proven gas deposits in Nigeria has moved 206.53 trillion cubic feet, the Department of Petroleum Resources (DPR) said yesterday in Abuja. Speaking at the Nigeria International Petroleum Summit, Director of DPR, Auwalu Sarki disclosed that indigenous oil and gas companies are now contributing as much as 33 per cent to the nation’s crude oil reserves and about 30 per cent of gas reserves.  While the companies contribution to the reserves was less than 10 million barrels in 2005, it has grown significantly to about 62 million barrels in 2020. Speakin...