Emmanuel Ibe Kachikwu

All options are on the table. by Emmanuel Ibe Kachikwu

All options are on the table.

Emmanuel Ibe Kachikwu

Over the last two months, we have probably lost about 600,000 barrels from various attacks of militants in the area.

Emmanuel Ibe Kachikwu

For the first time in this country I have been able to convince the upstream companies to provide some FX buffer over the next one year for those who are bringing in products.

Emmanuel Ibe Kachikwu

I had to box my way through the CBN (central bank) to get a bit... by Emmanuel Ibe Kachikwu

I had to box my way through the CBN (central bank) to get a bit of (foreign exchange) allocation.

Emmanuel Ibe Kachikwu

We are likely to see Iran not signing on, but we have all decided that if they don't we will proceed because we do not believe that currently their entry into the market will create too much of a threat for the next year.

Emmanuel Ibe Kachikwu

I expect that we will reach a conclusion on stabilization, stabilize current production as of January.

Emmanuel Ibe Kachikwu

So basically price stability is our expectation. by Emmanuel Ibe Kachikwu

So basically price stability is our expectation.

Emmanuel Ibe Kachikwu

Whatever the extra (it) won't be in the market but go for our ref... by Emmanuel Ibe Kachikwu

Whatever the extra (it) won't be in the market but go for our refining.

Emmanuel Ibe Kachikwu

We did not unbundle NNPC, what we simply did was a reorganisation. NNPC has not been unbundled in the sense of breaking up NNPC into different institutions, we are going to have a meeting with them right now. I don't want the industry shut down - I am going now to resolve the issues very soon.

Emmanuel Ibe Kachikwu

In October we had zero performance (from refineries), we didn't produce anything, as of now the refineries are still not working. We are going to try and repair them.

Emmanuel Ibe Kachikwu

So it's no longer subsidy as in the air, it's not a static number, probably once in quarter we say what is the price of crude, how can we reflect (it) in the price of the product to make sure we don't pass the ceiling of 97 (naira).

Emmanuel Ibe Kachikwu

There is a need to look at the PIB as it was submitted to the sixth assembly and try and tinker with that a bit, there are all kinds of issues ... one of those is whether we need to yank out the fiscal terms and develop them into a different law relying on existing fiscal laws and amend those.

Emmanuel Ibe Kachikwu