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Wumi Iledare

(LtoR) Russian Minister of Energy of Russia Alexander Novak, Organization of the Petroleum Exporting Countries’ (OPEC) President UAE Energy Minister Suhail al-Mazrouei and OPEC Secretary General Mohammed Sanusi Barkindo of Nigeria speak during a ministerial level meeting during with OPEC members and non members during the 175th OPEC Conference on December 7, 2018 in Vienna, Austria. (Photo by JOE KLAMAR / AFP)

OPEC cuts oil production by 1.2 million barrels to offset price

The Organisation of Petroleum Exporting Countries (OPEC) and other major oil producers yesterday agreed to cut about 1.2 million barrels of oil to address falling oil price, which is currently facing a record low of $63 a barrel.

President Buhari urged to sign PIGB Bill

Prof. Wumi Iledare of the University of Port Harcourt, has urged President Muhammadu Buhari to assent to the Petroleum Industry Governance Bill (PIGB) passed by the National Assembly.

Petroleum Industry Bill lacks value creation – PTDF

The Executive Secretary, Petroleum Technology Development Fund (PTDF), Dr Aliyu Gusua, says the Petroleum Industry Bill (PIB) awaiting presidential assent has no value creation needed in the oil and Gas sector.

PIGB: No plans to sack DPR, PPPRA workers – Ibe Kachikwu

Indications emerged on Sunday that workers of the Department of Petroleum Resources (DPR), and the Petroleum Products Pricing Regulatory Agency (PPPRA) would be absorbed into the new petroleum industry regulator to be set up by the Petroleum Industry Governance Bill (PIGB).

NNPC, FAAC to parley on Monday over discrepancies

The Nigerian National Petroleum Corporation (NNPC) and the Federation Accounts Allocation Committee (FAAC) will tomorrow meet to reconcile the discrepancies in data submitted at its last meeting.

NAEE urges fed govt to suspend tariff review till after customers enumeration

Iledare was represented by the immediate past president of the association, Mr. Adeola Adenikinju. NAEE is an affiliate of the International Association of Energy Economics, IAEE.

Nigeria needs $15.6 billion in three years to tackle energy deficiency – NAEE chief Wumi...

The President of the Nigerian Association for Energy Economics (NAEE), Prof. Wumi Iledare, has disclosed that about $15.6billion would be required to provide stable electricity in the country.

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Fabinho warns against mistakes as Liverpool prepare for another ‘final’

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