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 More Quotes by Emmanuel Ibe Kachikwu More Quotes From Emmanuel Ibe Kachikwu All options are on the table. Emmanuel Ibe Kachikwu top-news Over the last two months, we have probably lost about 600,000 barrels from various attacks of militants in the area. Emmanuel Ibe Kachikwu company-news I had to box my way through the CBN (central bank) to get a bit of (foreign exchange) allocation. Emmanuel Ibe Kachikwu company-news 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 business I expect that we will reach a conclusion on stabilization, stabilize current production as of January. Emmanuel Ibe Kachikwu business So basically price stability is our expectation. Emmanuel Ibe Kachikwu business Whatever the extra (it) won't be in the market but go for our refining. Emmanuel Ibe Kachikwu business 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 energy 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 energy 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 energy 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 energy
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