The Petroleum Technology Association of Nigeria (PETAN) has said the non-passage of the Petroleum Industry Bill (PIB) locked up services in oil and gas industry worth $40 billion.
Conoil has announced plans to invest N1.5 billion to reinvigorate the totally deregulated and high margin-yielding lubricant business over a four-year period with projected revenue of N33 billion over same period.
Written by Tunde Dodondawa, Lagos
Monday, 20 August 2012
Non payment of genuine subsidy claims is taking its toll on the economy as experts has said the credit squeeze within the domestic economy may continue unabated.