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Petrol imports must be tied to genuine gap, says CPPE

By Admin A group, Center for the Promotion of Private Enterprise (CPPE), has said any consideration for petrol importation must be to close a genuine and independently verified shortfall. Its Chief Executive Officer, Dr. Muda Yusuf, said while imports remains a legitimate contingency tool for refinery outages, seasonal demand spikes, quality gaps and strategic-stock replenishment,…

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Tinubu’s oil reforms deliver 28 field development plans worth $18.2b cash

The Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, has said the country’s competitive reform agenda has delivered 28 Field Development Plans worth $18.2billion in investment commitments, underscoring the attractiveness of the upstream sector to investors. These commitments are also expected to unlock 1.4 billion barrels of oil (bbo) and 5.4 trillion cubic…

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