FEC Approves Continuation Of Naira-for-crude Initiative
The Federal Executive Council has formally ordered the full implementation of the previously suspended Naira-for-Crude agreement with local refiners. The Minister of Finance Wale Edun at a meeting with representatives of the Dangote Refinery yesterday said the naira-for-crude initiative is still in effect and will continue for as long as it aligns with the public […]
FG adopts a virtual means of evacuating crude oil
The Federal Government has adopted a virtual means of evacuation of crude oil that involves the utilization of barges and trucks for the transportation of crude from the point of production to injection/storage points for eventual transportation to export terminals. It said the Alternative Crude Oil Evacuation Systems was implemented to avoid production deferment, losses […]
