As a move to achieve $10 per barrel crude oil production cost, the Nigerian National Petroleum Corporation, NNPC, has insisted on stakeholders' collaboration in the oil and gas industry.
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South-South Governors, on Tuesday, demanded the upward review from 2.5 per cent to 10 per cent, appropriated to the Trust Fund for host oil Communities in the Petroleum Industry Bill (PIB). Chairman of the South-South Forum and Governor of Delta, Dr Ifeanyi Okowa, stated this at the end of the South-South Governors’ meeting in Port
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Oil prices surged Monday and stock markets traded mixed as investors weighed worries over high inflation against the reopening of virus-hit economies. After Asian indices closed mostly lower, with sharp losses in Hong Kong and Shanghai, Europe pushed higher approaching the mid-way point. Benchmark oil contract Brent North Sea crude, which has been rising strongly
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