Nigeria's petroleum minister Timipre Sylva gets international appointment

Nigeria's petroleum minister Timipre Sylva gets international appointment

- Timipre Sylva, Nigeria's petroleum chief, is playing big at the international stage regarding the global energy sector

- Sylva, a former governor of oil-rich Bayelsa state has given a major task by the Organization of Petroleum Exporting Countries

- The minister has been appointed a special envoy for the international organisation to help resolve a major issue concerning member-states

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The minister of state for petroleum resources, Timipre Sylva has been appointed by the Organization of Petroleum Exporting Countries (OPEC) as its special envoy for further consultations with ‘Declaration of Cooperation’ (DoC) participating countries.

The DoC is a charter that provides a platform to facilitate dialogue and exchange views regarding conditions and developments in the global oil and energy markets.

Nigeria's petroleum minister Timipre Sylva gets international appointment
Mr. Sylva adds to his growing portfolio, an international appointment to resolve a knotty issue within OPEC. Photo credit: @FMPRng
Source: Twitter

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Nigerian government hints at likely petrol price increase

At the 26th meeting of the Joint Ministerial Monitoring Committee (JMMC) in Vienna, held on Wednesday, February 3, the committee commended the positive efforts of all countries participating in the DoC for the monumental strides taken toward attaining full conformity with their voluntary adjustments in output.

The chair of the committee is Prince Abdul Aziz bin Salman, Saudi Arabia’s minister of energy, and the co-chair is Alexander Novak, deputy prime minister of Russia.

In particular, Sylva is expected to discuss matters pertaining to conformity levels with the voluntary production adjustments and explore how participating countries can collectively support and assist each other in achieving full conformity with their supply adjustments.

Meanwhile, Sylva continues to face the challenge of ensuring an adequate supply of petroleum to Nigeria's ever-growing population.

Recently, the minister raised an alarm over the possibility of the Premium Motor Spirit (PMS) getting scarce in the country.

He made the comment while speaking during a meeting with leaders of the organised labour on Monday, February 1.

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Petroleum minister gives update on oil discovered in northeast, says exploration will begin soon

In a related development, Minister Sylva has revealed that the federal government is planning to begin oil exploration in the northeastern part of the country.

Sylva had earlier announced that crude oil had been discovered in the northeast, adding that drilling activities have already started in the Lake Chad Basin.

Source: Legit

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