Crude Oil: Sylva Says 1bn Barrel Discovered In Northeast - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
February 13, 2020
The Minister of State for Petroleum Resources, Timipre Slyvasays about one billion Barrels of Crude oil have been discovered inNortheastern part of Nigeria.
Sylva made this known at a news Conference to end the 2020Nigeria International Petroleum Summit, NIPS in Abuja.
According to the minister, a lot of oil is yet to be foundin the country.  He added that there was need for more exploration in thecountry as more oil would be discovered.
Commenting on passing of the Petroleum Industry Bill, PIB byJune, he expressed confident that it would be passed based on cordialrelationship between the legislature and the executive.
He noted that investors could not invest in Nigeria if thefiscal framework was shaking or uncertain.
On revamping of the refinery, Sylva said rehabilitation ofPort Harcourt refinery would start in the first quarter of 2020.