The Department of Petroleum Resources (DPR) says it is formulating a Maximum Economic Recovery (MER) strategy for Nigeria to attain maximum value delivery from its oil and gas resources.
Mr Sarki Auwalu, Director, DPR, made the announcement during a keynote address at the 2021 Society of Petroleum Engineers Nigeria Annual International Conference and Exhibition on Tuesday in Lagos.
He said: “Following an in-depth assessment of the status of the industry, the department identified the need to formulate the “Maximum Economic Recovery strategy for Nigeria. He said this was in preparation for an industry collaborative workshop to co-develop and enunciate this strategy for immediate execution.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Media, democracy and future of Nigeria | The Guardian Nigeria News - Nigeria and World NewsLet us start with a statement of gratitude and salutations to His Excellency, Gov. Abdulrahman Abdulrazak of the great and important state of Kwara.
Read more »
Seven African exchanges inch towards shared trading | The Guardian Nigeria News - Nigeria and World NewsCross-border trading is set for a lift as the African Securities Exchanges Association (ASEA) has signed a contract to roll out an African Exchanges Linkage Project (AELP) link technology platform for routing orders....
Read more »
Pentagon locked down after shooting at subway station | The Guardian Nigeria News - Nigeria and World NewsThe Pentagon went on lockdown Tuesday after a shooting at a bus and subway station just outside the highly secure US military headquarters.
Read more »
| The Guardian Nigeria News - Nigeria and World NewsThe Nigerian Communications Commission has refuted claims that it has renewed the unified access service license of MTN Nigeria. The refutal was made after a news report claimed that the mobile operating license of MTN has been renewed by the Commission for another period of ten years. The online publication which cited regulatory filings by […]
Read more »
EU sanctions Nicaraguan leader's wife, son over repression | The Guardian Nigeria News - Nigeria and World NewsThe EU imposed sanctions Monday on Nicaraguan President Daniel Ortega's wife Rosario Murillo, who is his vice president, as well as one of his sons and six more officials.
Read more »
Greek firefighters battle blazes as temperatures soar | The Guardian Nigeria News - Nigeria and World NewsFirefighters were battling two large wildfires in Greece on Monday, one in the Peloponnese and the other on the island of Rhodes, with temperatures due to hit a punishing 45 degrees Celsius (113 Fahrenheit).
Read more »