Petroleum ministry to spend N610m for ‘7 big wins’ implementation


By Michael Eboh

THE Ministry of Petroleum Resources has earmarked N610 million for the implementation of the ‘Seven Big Wins’, a programme designed by the Ministry to reform the petroleum industry.

THE average price
of Organisation of Petroleum Exporting countries, OPEC’s basket of fourteen crudes in the past one week averaged $60.29 compared with $61.66 recorded the previous week. According to OPEC’s calculation, the highest price of crude was recorded on November 13, 2017, which averaged $61.27 per barrel, while the lowest price for the period under review averaged $59.79
The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria),…

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