• Says Nigeria, Niger To Sign MoU On New Refinery• No Going Back On Ending Gas Flaring By 2020Minister of State for Petroleum, Dr. Ibe Kachikwu, yesterday, said the much-awaited overhaul of the country’s refineries would become a reality next month, as plans have been concluded to complete necessary arrangement with financials. Speaking on the new refinery, he said: “The refinery talks are at advanced stages. According to him, continuous engagement with stakeholders and partnership with PANDEF added huge value towards improved figures of oil output. Meanwhile, OPEC witnessed 13-month low oil output with May figure standing at about 32 million barrels per day due to decrease from Nigeria. The biggest decrease in the supply came from Nigeria due to a force majeure declared last month by Shell.

Source: The Guardian June 02, 2018 04:30 UTC