North East oil exploration will not stop activities in producing states


Dr Ibe Kachikwu, Minister of State for Petroleum Resources

The Minister of State for Petroleum, Dr Ibe Kachikwu, says oil exploration in the North East is for the good of the nation and it won’t stop the massive exploration activities in oil producing areas..

He said this during “Overview of 2018 Budget Proposal” on Tuesday in Abuja.

He added that “we have an obligation as a nation to continue to ensure that we follow through any part of the country with visible sign of oil at all.

“This does not stop the fact that massive exploration activities will continue in oil producing areas.

“We discover oil everyday and we explore it and if we calculate the overall oil revenue projection for 2018, it is almost 60 per cent, so we need to expand the frontiers of oil anywhere we find it in the country.’’

He, however, said his philosophy was that it should not be only the…

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