Gatekeepers News reports that Sylva said this after Brent, the global benchmark for crude, closed at $88.18 per barrel, a 5.01 percent drop on Wednesday.
Gatekeepers News reported that Vladimir Putin, Russian President, threatened to halt supplies of oil and gas from Russia if Price caps are imposed on Russia’s exports. Shortly after, the European Union proposed a price cap on Russian gas and this saw a drop in Brent Crude Price.
Sylva stated that security issues resulting from the war between Russia and Ukraine delayed the supply of gas to Europe, also considering Europe’s search for alternatives to the unstable supplies of Russian gas.
The minister, however, stated that Nigeria would need to build a pipeline for Nigerian gas through Algeria to Europe and the project would likely cost $10bn.
Sylva noted that The Nigerian National Petroleum Company Limited and the Algerian State Oil companies would be involved, and any other interested party is welcome.
Nigerian Army has dismissed a soldier, Abdullahi Ismail after he was found guilty of having…
PSV Eindhoven were crowned Dutch champions for the 25th time on Sunday, the club’s first…
Of Yahaya Bello, EFCC And Mob Mentality By Dotun Oladipo About two weeks ago, I…
Team Nigeria has earned two automatic tickets to the Paris Olympics at the ongoing World…
Former Senate president, Bukola Saraki, has remembered the former president, Umaru Musa Yar’adua, 14 years…
Economic and Financial Crimes Commission, EFCC, has denied that the list of former Governors under…