*Says Nigeria ready to host $5bn Africa Energy Bank
Emmanuel Addeh in Abuja
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, yesterday said the federal government would deploy new technologies like drones and satellite surveillance to halt massive oil theft in the Niger Delta.
Lokpobiri also called for greater commitment from industry players to Nigeria’s ambitious plan to increase crude oil production by over one million barrels per day within the next 24 months, saying the federal government was ready to host the headquarters of the $5 billion Africa Energy Bank (AEB), following the country’s successful bid in July 2024.
Addressing a gathering of the Oil Producers Trade Section (OPTS), a group of oil firms operating in Nigeria, at the Cross Industry Group (CIG) meeting in Istanbul, Turkey, at the weekend, Lokpobiri also restated that oil field bid winners must explore or relinquish them.
The minister’s…
Source: Thisday Newspaper
