March 8, 2016/Reuters Nigeria, Africa’s top oil producer, wants to remove the need for imported petroleum products within 18 months, Minister of State for Petroleum Emmanuel Ibe Kachikwu said on Tuesday. Nigeria’s four refineries have never reached full production because of sabotage and poor maintenance, causing the country to rely […]
Tag: Emmanuel Ibe Kachikwu
Nigeria in talks with oil majors to repay debt, invest in refineries
February 14, 2016/Reuters Nigeria is in talks with oil majors and banks to raise capital for new drilling and to repay up to $4 billion in debt that the state oil firm has accumulated over years of mismanagement, the firm’s head told Reuters. Emmanuel Ibe Kachikwu, who is also the […]
Oil Prices Will Not Go Below $20 Per Barrel-Kachikwu
(Being Excerpts of interview conducted by CNN’s John Defterios with Emmanuel Ibe Kachikwu, Nigerian Oil Minister and OPEC President at the 7th Gulf Intelligence UAE Energy Forum in Abu Dhabi on Wednesday January 13, 2016) Q: What are your thoughts on the continued slide in oil prices? A: I don’t […]
