Podcasts about petroleum resources

The Department of Mineral and Petroleum Resources has announced adjustments to fuel prices that will take effect on Wednesday. Petrol will decrease by 52 cents a litre, while diesel will increase by between one-rand-23 and one-rand-38 cents a litre. Illuminating paraffin will rise by two-point-three cents a litre, while the maximum retail price of LP Gas will decrease. The department spokesperson, Robert Maake says lower crude oil prices has led to the reduction in petrol costs, but diesel prices have increased due to supply shortages linked to the Russia-Ukraine conflict. The Department of Mineral and Petroleum Resources the Director of the Fuel Pricing Mechanism, Robert Maake

Diezani's Acquittal Poses Uncertainty US, UK Ending Graft In Africa – ANEEJhttps://osazuwaakonedo.news/diezanis-acquittal-poses-uncertainty-us-uk-ending-graft-in-africa-aneej/#ANEEJ #cbn #David #Southwark #EFCC #Jonathan #NFIU #OPEC #Sanusi #SCUML #Ugolor #US Africa Network for Environment and Economic Justice, ANEEJ has expressed deep concern over the acquittal of former Nigerian Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, by a United Kingdom court, describing the verdict as a troubling moment for the global fight against corruption, illicit financial flows IFFs, and impunity, a statement that follows the June 17, 2026, ruling at the Southwark Crown Court in London, where a jury cleared Alison-Madueke of all six bribery charges brought against her by the UK's National Crime Agency, NCA after a five-month trial and 46 hours of deliberation, while her co-defendants, oil executive, Olatimbo Ayinde and her brother, Doye Agama, were also acquitted, bringing a dramatic end to a saga that began more than a decade ago, a development that prompted ANEEJ to take immediate action today, June 23, 2026, by launching a critical two-day capacity-building workshop in Abuja in collaboration with the Economic and Financial Crimes Commission, EFCC, Nigerian Financial Intelligence Unit, NFIU, a body domiciled within the Central Bank of Nigeria, CBN and Special Control Unit Against Money Laundering, SCUML, an arm of the EFCC to aggressively equip civil society organizations, CSOs with the necessary tools to track, combat, and dismantle these very same illicit financial flows across Nigeria. #OsazuwaAkonedoBecome a supporter of this podcast: https://www.spreaker.com/podcast/osazuwaakonedo--4980924/support.If you love how we break down the noise and deliver unfiltered news, we need your strength to stay completely independent. Keep our newsroom sharp and efficient by supporting us today—head over to our donation page at: DonateWant your updates even faster? Tap the link in our description to download our mobile app on the Google Play Store for news in text, video, and audio format: CLICK TO DOWNDLOAD ON GOOGLE PLAY STORE And for the developers and webmasters looking to supercharge their websites, and if you own a website but don't know anything about web design, don't worry, grab our premium, server-native scripts at Mu Plugins. Our premium plugins are built to work completely on autopilot—speeding up your website and protecting your earnings with a simple, code-free setup. Whether you are a beginner or a professional webmaster looking to supercharge your platform , let's build together!

On the sidelines of the opening of Exxaro’s new Matla Life of Mine Project, Clement Manyathela speaks to Ben Magara who is Exxaro’s CEO and Minister of Mineral and Petroleum Resources, Gwede Mantashe to discuss the mine expansion and how it can benefit energy and mineral supply in the country.See omnystudio.com/listener for privacy information.

Fuel prices will rise sharply across South Africa from Wednesday, adding pressure on struggling households. The Department of Mineral and Petroleum Resources announced petrol will go up by R3.27 per litre and diesel by R6.19, with paraffin and LPG also increasing. The Government cites global oil price volatility and supply constraints for the hike. Cosatu warns the increases will drive up transport, food and essential goods costs. The Federation is questioning if enough is being done to protect workers and the poor. COSATU Parliamentary Coordinator, Matthew Parks joins us to elaborate on their concerns.

Gugs Mhlungu chats to Warren Tucker, Resident motoring enthusiast on the Fuel levy extension. The Department of Mineral and Petroleum Resources and National Treasury have announced an extension of the fuel tax relief, including additional relief for diesel. This comes after the R3.00 per litre relief announced in March, which gave homeowners some short-term respite from soaring fuel prices in the wake of the Middle East crisis. Gugs Mhlungu gets you ready for the weekend each Saturday and Sunday morning on 702. She is your weekend wake-up companion, with all you need to know for your weekend. The topics Gugs covers range from lifestyle, family, health, and fitness to books, motoring, cooking, culture, and what is happening on the weekend in 702land. Thank you for listening to a podcast from 702 Weekend Breakfast with Gugs Mhlungu. Listen live on Primedia+ on Saturdays and Sundays from 06:00 and 10:00 (SA Time) to Weekend Breakfast with Gugs Mhlungu broadcast on 702 https://buff.ly/gk3y0Kj For more from the show go to https://buff.ly/u3Sf7Zy or find all the catch-up podcasts here https://buff.ly/BIXS7AL Subscribe to the 702 daily and weekly newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 See omnystudio.com/listener for privacy information.

Zain Johnson speaks to Tseliso Maqubela, Deputy Director General at the Department of Mineral and Petroleum Resources, unpacking government’s emergency R3 per litre fuel levy cut as South Africa faces steep petrol and record diesel price hikes driven by global oil shocks, a weaker rand and geopolitical tensions. Early Breakfast with Africa Melane is 702’s and CapeTalk’s early morning talk show. Experienced broadcaster Africa Melane brings you the early morning news, sports, business, and interviews politicians and analysts to help make sense of the world. He also enjoys chatting to guests in the lifestyle sphere and the Arts. All the interviews are podcasted for you to catch-up and listen. Thank you for listening to this podcast from Early Breakfast with Africa Melane For more about the show click https://buff.ly/XHry7eQ and find all the catch-up podcasts here https://buff.ly/XJ10LBU Listen live on weekdays between 04:00 and 06:00 (SA Time) to the Early Breakfast with Africa Melane broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3N Subscribe to the 702 and CapeTalk daily and weekly newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Alright, let's clear the air, because there's been a lot of panic around a possible fuel shortage. Here's what you actually need to know. Last week, Minister of Mineral and Petroleum Resources, Gwede Mantashe, has urged South Africans not to panic. Despite global tensions and conflict in the Middle East, he says fuel shipments to South Africa are still moving, especially through the Strait of Hormuz, without disruption. So myth number one: we are running out of fuel, not true, at least in the immediate term. Government says supply remains stable for now. However, here's where it gets real… while supply might be steady, prices are a different story. With global oil markets under pressure, South Africans could still face significant fuel price hikes in the coming days. If you missed it live and want to listen to the other myths we busted, listen in!

Clement Manyathela speaks to Avhapfani Tshifularo, Executive Director. Fuels Industry Association of South Africa and Jacob Mbele, Director General Department of Mineral & Petroleum Resources discussing the impact of the war on Iran on our fuel and energy supply. They also touch on the fuel available in reserves as the war continues on. The Clement Manyathela Show is broadcast on 702, a Johannesburg based talk radio station, weekdays from 09:00 to 12:00 (SA Time). Clement Manyathela starts his show each weekday on 702 at 9 am taking your calls and voice notes on his Open Line. In the second hour of his show, he unpacks, explains, and makes sense of the news of the day. Clement has several features in his third hour from 11 am that provide you with information to help and guide you through your daily life. As your morning friend, he tackles the serious as well as the light-hearted, on your behalf. Thank you for listening to a podcast from The Clement Manyathela Show. Listen live on Primedia+ weekdays from 09:00 and 12:00 (SA Time) to The Clement Manyathela Show broadcast on 702 https://buff.ly/gk3y0Kj For more from the show go to https://buff.ly/XijPLtJ or find all the catch-up podcasts here https://buff.ly/p0gWuPE Subscribe to the 702 Daily and Weekly Newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook https://www.facebook.com/TalkRadio702 702 on TikTok https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 See omnystudio.com/listener for privacy information.

Hot Topic Topic: Government calms supply fears as oil shocks hit prices Guest:Jacob Mbele: Director general, Department of Mineral and Petroleum Resources

Police have raided multiple properties linked to businessman Calvin Mathibeli in KwaZulu-Natal, Limpopo and Gauteng as part of a tender fraud investigation. The move follows a Durban High Court order for Mathibeli to retract statements alleging corruption by KZN Provincial Police Commissioner, Nhlanhla Mkhwanazi. Mathibeli was accused of making defamatory claims about Mkhwanazi. The police operation is ongoing. Elvis Presslin spoke to Specialist Investigator, Mike Bolhuis

John chats to Robert Maake, Director for Fuel Pricing Mechanism at the Department of Mineral and Petroleum Resources on no coordinating structure or plan in place to deal with the real possibility that South Africa could find itself facing fuel shortages. 702 Drive with John Perlman is a Johannesburg based talk radio show. John and his team keep you company on 702 each weekday afternoon. Catch up with the news and issues of the day with John who interviews the daily newsmakers and makes sense of what is going on. John and his team invite you to join their daily conversation, as you travel through the traffic. Thank you for listening to a podcast from 702 Drive with John Perlman. Listen live on Primedia+ weekdays from 15:00 to 18:00 (SA Time) to the Drive with John Perlman broadcast on 702 https://buff.ly/gk3y0Kj For more from the show go to https://buff.ly/G5olsbR or find all the catch-up podcasts here https://buff.ly/75M9Chd Subscribe to the 702 Daily and Weekly newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 See omnystudio.com/listener for privacy information.

The deployment of the army to assist police in gang and illegal mining riddled areas, will be in force from the 1st of this month but it does not mean soldiers will be flooding the streets. Members of Parliament's Police, Mineral and Petroleum Resources committees received a briefing on the details of this deployment - that was announced by President Cyril Ramaphosa in his State of the Nation Address. SAPS management says SANDF members will be deployed to support them as and where it is needed. Zalene Merrington reports...

Hot Topic Topic: Gold rush in Gauteng? Officials warn residents against illegal digging Guest: Adv Mmadikeledi Moloto DDG: Compliance Monitoring and Enforcement Department of Mineral and Petroleum Resources

The South African Communist Party, SACP has removed ANC National Chairperson Gwede Mantashe from its Central Committee, escalating tensions within the Tripartite Alliance. The decision follows the SACP's plan to contest the 2026 local elections independently, a move that has sparked sharp debate with the ANC. Mantashe, a long-time SACP member and current Minister of Mineral and Petroleum Resources, downplayed the dismissal, but the ANC has warned that the SACP's actions could fracture their decades-long partnership. Elvis Presslin spoke to SACP spokesperson, Mbulelo Mandlana and ANCYL Spokesperson, Zama Khanyase

The Green Connection has expressed shock and concern over the approval of Shell's Environmental Impact Assessment for the Northern Cape Ultra Deep oil and gas exploration project. The decision, made by the Department of Mineral and Petroleum Resources, comes despite strong objections from coastal communities and civil society groups, including The Green Connection and Natural Justice, who submitted detailed concerns in August and December last year. Elvis Presslin spoke to Lisa Makaula, Advocacy Officer at The Green Connection

As public consequences of the ANC's destructive economic policies ratchet higher, Cyril Ramaphosa and his lackeys follow its bat-eared playbook - double down. The President's economically incoherent ramblings in Parliament this week are mirrored in his party's Mineral Resources Bill proposal that reinforces the idiocy which has driven the country into the bottom run of global mining destinations. The DA's long-time specialist, Mineral and Petroleum Resources spokesman James Lorimer unpacks the ANC's latest derangement with BizNews editor Alec Hogg.

John Maytham is joined by Dr Ross Harvey, mining analyst and Chief Research Officer at Good Governance Africa, to unpack the storm brewing over the draft amendments to the Minerals and Petroleum Resources Development Act (MPRDA). Speaking at the Junior Mining Indaba, critics slammed the bill as a throwback to the controversial 2017 “Zwane Bill”, accusing the Department of Minerals and Petroleum Resources of repeating past mistakes. Presenter John Maytham is an actor and author-turned-talk radio veteran and seasoned journalist. His show serves a round-up of local and international news coupled with the latest in business, sport, traffic and weather. The host’s eclectic interests mean the program often surprises the audience with intriguing book reviews and inspiring interviews profiling artists. A daily highlight is Rapid Fire, just after 5:30pm. CapeTalk fans call in, to stump the presenter with their general knowledge questions. Another firm favourite is the humorous Thursday crossing with award-winning journalist Rebecca Davis, called “Plan B”. Thank you for listening to a podcast from Afternoon Drive with John Maytham Listen live on Primedia+ weekdays from 15:00 and 18:00 (SA Time) to Afternoon Drive with John Maytham broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/BSFy4Cn or find all the catch-up podcasts here https://buff.ly/n8nWt4x Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

ActionSA has renewed its long-standing appeal to Minister of Mineral and Petroleum Resources, Gwede Mantashe, for the recovery of the bodies of three mineworkers - Solomon Nyirenda, Pretty Mkambule, and Yvonne Mnisi, who tragically lost their lives in the Lily Mine disaster in February 2016. Despite the passage of over nine years, the bodies remain trapped underground.ActionSA is urging government to take decisive action by retrieving the bodies. Elvis Presslin spoke to Herman Mashaba, Leader of ActionSA, to delve deeper into the party's appeal

The Portfolio Committee on Mineral and Petroleum Resources has raised concern about the insufficient strategic fuel reserves available to provide uninterrupted service in cases of emergency. The committee conducted a two-day oversight visit to the Strategic Fuel Fund (SFF) in Saldanha on Tuesday to ensure that the SFF has sufficient petroleum reserves to keep the supply uninterrupted during a crisis. Parliament's Portfolio Committee on Mineral and Petroleum Resources raised questions after it found much of that storage is empty. Sakina Kamwendo spoke to Committee Chairperson, Mikateko Mahlaule

A full report by the technical teams is yet to be given to the police and the Department of Mineral and Petroleum Resources & later today The Minister of Police, Mr Senzo Mchunu and the Deputy Minister of Police, Ms Polly Boshielo, will brief the media and the public following the completion of operations in Stilfontein. The National Commissioner of Police, General SF Masemola will also be in attendance. Clarence Ford speaks to Nokukhanya Mntambo EWN Reporter. See omnystudio.com/listener for privacy information.

The Democratic Alliance (DA) is urging President Cyril Ramaphosa to establish an independent Commission of Inquiry into the Buffelsfontein mine disaster, which has claimed over 70 lives and rescued 246 illegal miners. As the government-led rescue operation comes to a close, the DA emphasizes the need for accountability and a thorough investigation into the systemic failures that led to this tragedy. To elaborate further on the party's sentiments, Elvis Presslin spoke to James Lorimer MP and DA Spokesperson on Mineral and Petroleum Resources

John Maytham is joined by James Lorimer, DA Spokesperson on Mineral and Petroleum Resources, to unpack the reality of the Buffelsfontein saga, the government’s inaction, and what the DA proposes to bring this crisis to an endSee omnystudio.com/listener for privacy information.

Parliament's Trade, Industry and Competition Committee wants commercial banks to appear before it early next year, to iron out various issues. That's according to the chairperson of the committee, Mzwandile Masina. He spoke to the media during a briefing of the chairpersons of Parliament's economic cluster, which consists of among others Transport, Trade, Industry and Competition, Agriculture and Minerals and Petroleum Resources. Zalene Merrington reports...

Scores of people from mining-affected communities are marching to the Department of Mineral and Petroleum Resources today, calling for the recognition of their rights. The march is part of a broader campaign by the Mining Affected Communities United in Action (MACUA) to demand mandatory consent from mining-affected communities before mining rights are granted. At the heart of the issue is the need for mining communities to have a say in decisions that affect their lands and livelihoods. To elaborate further on the community's concerns, Elvis Presslin spoke to Gift Radebe, National Secretary of the Mining Affected Communities United in Action, MACUA

Welcome to Episode 1 in Season 4 of our BC's Path to Universal Child Care Podcast. Today we welcome you back to our podcast for a new season with our special guest: Michelle Mungall, who has dedicated much of her career to advocating for the rights and well-being of children and families in her community. We are honoured and grateful to welcome Michelle Mungall to share insights, experiences, and her vision for the future of child care. Michelle Mungall served as British Columbia's Minister for Energy, Mines and Petroleum Resources from 2017-2020, and then as Minister of Jobs, Economic Development and Competitiveness in 2020. She was the first female MLA for Nelson-Creston from 2009 to 2020, and the youngest City Councillor for the City of Nelson from 2002-2005. She is now a senior advisor in the energy sector, monthly opinion writer for the Vancouver Sun and proud mom of two.As a lifelong feminist advocating for gender equality, Michelle's insights couldn't come at a more critical time. Learn more by listening to the episode now!

The Central Energy Fund (CEF) Group says it has noted with concern recent allegations in a Sunday publication that there is a battle between Minister Gwede Mantashe and Minister Kgosientsho Ramakgopa over the control of the Central Energy Fund. The CEF says its Mandate is to contribute to the security of energy supply of South Africa and reports to the Minister of Mineral and Petroleum Resources. It says any interactions between CEF and Minister of Electricity and Energy would be undertaken through the Department of Mineral and Petroleum Resources by following the relevant Shareholder protocols. For more on this Elvis Presslin spoke to Corporate Affairs Manager at the Central Energy Fund, Jacky Mashapu

Every year, the Commonwealth collects more revenue from HECS than it gets from the Petroleum Resource Rent Tax. The PRRT is so insufficient that gas companies love it! Mark Ogge explains the Government's proposed changes, and how we can fix it to tax our gas companies fairly. This was recorded on Tuesday 6th February 2024 and things may have changed since recording. australiainstitute.org.au // @theausinstitute Guest: Mark Ogge, Principal Advisor, the Australia Institute // @MarkOgge  Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett Producer: Jennifer Macey // @jennifermacey Edited by: Emily Perkins Theme Music: Pulse and Thrum; additional music by Blue Dot SessionsSupport Follow the Money: https://nb.australiainstitute.org.au/donateSee omnystudio.com/listener for privacy information.

The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of its mandate from the Federal Government as regards PMS subsidy. Sylva insisted that subsidy had been a burden, but stressed that it was a mandate on NNPC which had made the oil firm to continue selling PMS at a loss. He says the management of the supply situation under this subsidy regime is not easyThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4090160/advertisement

The Minister of State for Petroleum Resources, Timipre Sylva, says the Federal Government is not responsible for the increase in the price of petrol across the country. Sylva says the government is still subsidising petrol while adding that the marketers are most likely to blame. The Nigerian National Petroleum Corporation Limited says petrol subsidy claims reached N2.6 trillion in the first half of 2022, surpassing revenue generated from the sale of crude oil.

BC's unemployment rate has gone down to 4.5%. That is the lowest it has been in 3 years. Lots of jobs added. Strong recovery from COVID-19. Guest: Bruce Ralston, Minister of Energy, Mines and Petroleum Resources. See omnystudio.com/listener for privacy information.

Ch1: House investigators are making the case to the American public in a prime-time hearing that the violent insurrection by President Donald Trump's supporters should not be forgotten. Guest: Reggie Cecchini, Global News Washington Correspondent. Ch2: BC's unemployment rate has gone down to 4.5%. That is the lowest it has been in 3 years. Lots of jobs added. Strong recovery from COVID-19. Guest: Bruce Ralston, Minister of Energy, Mines and Petroleum Resources. Ch3: BC Green Party leader Sonia Furstenau announced on Thursday she is heading out on a provincial health-care tour to speak to providers, advocates and patients across British Columbia. Guest:  Sonia Fursteanau, Leader of BC Green Party. Ch4: Vancouver Whitecaps FC will look to continue their two-match winning streak in MLS play next Tuesday, June 14 as they face Cascadia rivals Seattle Sounders FC at Lumen Field in Seattle, Washington. Guest: Vanni Sartini, Head coach of the Vancouver Whitecaps. Ch5: As the province braces for heavy rain there is growing concern about localized flooding from rising rivers. Guest: Armel Castellan, Warning Preparedness Meteorologist for Environment and Climate Change Canada. Ch6: It is now time for our Keep it Local: BC Farming Series. Today we are speaking to a local farm in Ladner that has been around since 1994!  Westham Island Farm! Guest: Sharon Ellis, Owner & operator of Westham Island Herb Farm See omnystudio.com/listener for privacy information.

The federal government stated that Sub-Saharan Africa could require as much as $60 billion to access reliable electricity and clean cooking facilities between now and 2030. The Minister of State for Petroleum Resources, Timipre Sylva, noted that an annual investment of around $35 billion could bring electricity access to 759 million Africans who currently lack it. Sylva added that another $25 billion a year could help 2.6 billion people globally to access clean cooking by 2030. He stressed that the required investment represents only a small fraction of the multi-trillion-dollar global energy investment needed overall.

The federal government has insisted that it wasn't in breach of any part of the treaty setting up the West African Gas Pipeline Authority by the selection of a Nigerian to head the organisation. The francophone countries insist that Nigeria cannot have both the headquarters and the director-general simultaneously. Minister of State, Petroleum Resources, Mr Timipre Sylva, maintained that the Accra resolution of November 2021, to move ahead with the appointment of a Nigerian as the head of the body remains very critical. He called for the understanding of member nations, urging them to stick to the rules set up the body.

In this edition of #AduAndTheGuru, Oluwakayode and The Guru focus on the suggestion of the Minister of state for Petroleum Resources, Timipre Sylva, to smuggle PMS to neighboring country if the subsidy component can be taken out through deregulation. They also discussed some other topics making rounds in the news from the story of the police officers that rejected N300,000 bribe, and returned N600,000 paid into their account, to Federal Government stating they're unaware of the exact daily fuel consumption in the country, and more.

The federal government urged Julius Berger, the contractors handling the multi-billion-naira new office building belonging to the Nigerian Upstream Petroleum Regulatory Commission to speed up work on the project. The government explained that this should be done in time before President Muhammadu Buhari's exit from power next year as earlier agreed. Minister of State, Petroleum Resources, Chief Timipre Sylva stated that although the government was satisfied with the quality of work, the pace had been unnecessarily slow. Sylva noted that although some progress had been made, it was important for the project to be completed before May 29 next year, stressing that the 36 per cent work already carried out should have been higher by now.

The Nigerian Upstream Petroleum Regulatory Commission pledged to support the Nigerian Gas Expansion programme of the federal government to improve domestic utilisation of gas for power, industrialisation in order to deepen Liquefied Petroleum Gas penetration in the country. The federal government had said that the programme was envisioned to lift millions of Nigerians out of poverty through the establishment of gas-related outlets that would serve the public when fully realised. The Minister of State for Petroleum Resources, Mr Timipre Sylva, explained that natural gas presents an opportunity for the nation to use gas as a catalyst for its socio-economic renaissance. The Commission's Chief Executive Officer, Mr Gbenga Komolafe, stressed that the NUPRC being a product of the Petroleum Industry Act 2021 responsible for technical and commercial regulation of upstream petroleum business was fully prepared to ensure that Nigeria's gas resources are fully harnessed.

The Nigerian Upstream Petroleum Regulatory Commission pledged to support the Nigerian Gas Expansion programme of the federal government to improve domestic utilisation of gas for power, industrialisation in order to deepen Liquefied Petroleum Gas penetration in the country. The federal government had said that the programme was envisioned to lift millions of Nigerians out of poverty through the establishment of gas-related outlets that would serve the public when fully realised. The Minister of State for Petroleum Resources, Mr Timipre Sylva, explained that natural gas presents an opportunity for the nation to use gas as a catalyst for its socio-economic renaissance. The Commission's Chief Executive Officer, Mr Gbenga Komolafe, stressed that the NUPRC being a product of the Petroleum Industry Act 2021 responsible for technical and commercial regulation of upstream petroleum business was fully prepared to ensure that Nigeria's gas resources are fully harnessed.

The Nigerian Upstream Petroleum Regulatory Commission pledged to support the Nigerian Gas Expansion programme of the federal government to improve domestic utilisation of gas for power, industrialisation in order to deepen Liquefied Petroleum Gas penetration in the country. The federal government had said that the programme was envisioned to lift millions of Nigerians out of poverty through the establishment of gas-related outlets that would serve the public when fully realised. The Minister of State for Petroleum Resources, Mr Timipre Sylva, explained that natural gas presents an opportunity for the nation to use gas as a catalyst for its socio-economic renaissance. The Commission's Chief Executive Officer, Mr Gbenga Komolafe, stressed that the NUPRC being a product of the Petroleum Industry Act 2021 responsible for technical and commercial regulation of upstream petroleum business was fully prepared to ensure that Nigeria's gas resources are fully harnessed.

Minister of State for Petroleum Resources, Chief Timipre Sylva, has assured that Nigeria would meet the three million barrels per day quota allocated to the country by the Organisation of Petroleum Exporting Countries.Sylva says though the country currently produced about 1.3 million barrels per day, concerted efforts were being made to increase production to meet the OPEC quota.The minister says the Federal Executive Council had mandated the ministry to meet the three million barrels per day production within the shortest time possible.Sylva also disclosed that the rehabilitation of Port-Harcourt Refinery and Petrochemical Company was on course, adding that soon, that of Warri and Kaduna would commence as well.

Minister of State for Petroleum Resources, Chief Timipre Sylva, has assured that Nigeria would meet the three million barrels per day quota allocated to the country by the Organisation of Petroleum Exporting Countries.Sylva says though the country currently produced about 1.3 million barrels per day, concerted efforts were being made to increase production to meet the OPEC quota.The minister says the Federal Executive Council had mandated the ministry to meet the three million barrels per day production within the shortest time possible.Sylva also disclosed that the rehabilitation of Port-Harcourt Refinery and Petrochemical Company was on course, adding that soon, that of Warri and Kaduna would commence as well.

Minister of State for Petroleum Resources, Chief Timipre Sylva, has assured that Nigeria would meet the three million barrels per day quota allocated to the country by the Organisation of Petroleum Exporting Countries.Sylva says though the country currently produced about 1.3 million barrels per day, concerted efforts were being made to increase production to meet the OPEC quota.The minister says the Federal Executive Council had mandated the ministry to meet the three million barrels per day production within the shortest time possible.Sylva also disclosed that the rehabilitation of Port-Harcourt Refinery and Petrochemical Company was on course, adding that soon, that of Warri and Kaduna would commence as well.

Nigeria has written the Organisation of Petroleum Exporting Countries requesting a higher production quota under the OPEC+ accord.The Minister of State, Petroleum Resources, Chief Timipre Sylva, says the technical problems that had hampered the country's output would soon be resolved.Sylva says the country's full production capacity was closer to 2.2 million bpd, which should be reflected in a revised quota, even though Nigeria has struggled to produce at its current allocation.He says that the country deserves a higher quota, noting that aside its efforts to fix the technical difficulties, the basis for the current production quota, which was mainly because of the problems in the Niger Delta at the time, no longer exists.

President Muhammadu Buhari has asked the Senate to amend the Petroleum Industry Act 2021.President Buhari explained that his proposal became necessary having carefully reviewed the administrative structure of both the Nigerian Midstream and Downstream Petroleum Regulatory Authority, and the Nigerian Upstream Regulatory Commission.He listed the three areas of the Act he sought to be amended to include the appointment of non-executive board members, removal of the Ministries of Petroleum Resources and Finance from the boards of the two institutions, as well as the appointment of executive directors.

President Muhammadu Buhari has asked the Senate to amend the Petroleum Industry Act 2021.President Buhari explained that his proposal became necessary having carefully reviewed the administrative structure of both the Nigerian Midstream and Downstream Petroleum Regulatory Authority, and the Nigerian Upstream Regulatory Commission.He listed the three areas of the Act he sought to be amended to include the appointment of non-executive board members, removal of the Ministries of Petroleum Resources and Finance from the boards of the two institutions, as well as the appointment of executive directors.

Nigeria has written the Organisation of Petroleum Exporting Countries requesting a higher production quota under the OPEC+ accord.The Minister of State, Petroleum Resources, Chief Timipre Sylva, says the technical problems that had hampered the country's output would soon be resolved.Sylva says the country's full production capacity was closer to 2.2 million bpd, which should be reflected in a revised quota, even though Nigeria has struggled to produce at its current allocation.He says that the country deserves a higher quota, noting that aside its efforts to fix the technical difficulties, the basis for the current production quota, which was mainly because of the problems in the Niger Delta at the time, no longer exists.

President Muhammadu Buhari has asked the Senate to amend the Petroleum Industry Act 2021.President Buhari explained that his proposal became necessary having carefully reviewed the administrative structure of both the Nigerian Midstream and Downstream Petroleum Regulatory Authority, and the Nigerian Upstream Regulatory Commission.He listed the three areas of the Act he sought to be amended to include the appointment of non-executive board members, removal of the Ministries of Petroleum Resources and Finance from the boards of the two institutions, as well as the appointment of executive directors.

Nigeria has written the Organisation of Petroleum Exporting Countries requesting a higher production quota under the OPEC+ accord.The Minister of State, Petroleum Resources, Chief Timipre Sylva, says the technical problems that had hampered the country's output would soon be resolved.Sylva says the country's full production capacity was closer to 2.2 million bpd, which should be reflected in a revised quota, even though Nigeria has struggled to produce at its current allocation.He says that the country deserves a higher quota, noting that aside its efforts to fix the technical difficulties, the basis for the current production quota, which was mainly because of the problems in the Niger Delta at the time, no longer exists.

The Minister of State for Petroleum Resources, Timipre Sylva says the Nigerian National Petroleum Corporation will become a commercial company within six months.Mr Sylva says a transitional committee is already in place to incorporate NNPC Limited.Mr Sylva noted that although the new petroleum act has deregulated the oil sector, subsidy policies will remain in place till further notice.He says an implementation framework for actual deregulation will be established to mitigate the impact on ordinary Nigerians.

President Muhammadu Buhari will unveil an implementation committee for the Petroleum Industry Act.THISDAY reports that the committee may be chaired by the Minister of State for Petroleum Resources, Mr Timipre Sylva.The committee which has 12 months to carry out its tasks, would be saddled with the responsibility of establishment of Nigeria Upstream Regulatory Commission, Nigeria Midstream and Downstream Regulatory Authority as well as the corporatisation of the Nigerian National Petroleum Corporation to a Limited Liability Company, which will now be called Nigerian National Petroleum Company Limited.The committee would also be tasked with the responsibility of determining the assets and liabilities of the NNPC, which would be transferred to NNPC Limited.

The Department of Petroleum Resources says Investors have proposed to spend over $500m in building gas pipelines and other facilities in Nigeria following the implementation of the Nigerian Gas Transportation Network Code that was launched last year.The Director and Chief Executive Officer, DPR, Mr Sarki Auwalu, says through the implementation of the network code, the DPR was able to improve the much-needed market alignment between critical demand points for gas and available supply opportunities.He says the agency had so far issued 12 shipper licences, with three licences under processing; one transporter licence; and three agent licences.He says the network code had improved investors' confidence in the evolving domestic gas market.