The Department of Petroleum Resources (DPR) has called on businessmen to invest in the oil and gas industry instead of indulging in illegal refineries. Director/Chief Executive Officer (CEO) of DPR, Sarki Auwalu, made the call at the weekend, when he visited the Niger Delta Petroleum Resources (NDPR) located in Ogbele community in Ahoada East Local Government Area of Rivers State. ...

Mr Auwal Sarki, the Director, Department of Petroleum Resource (DPR), has urged Nigerians to invest in the downstream oil and gas sector to boost the country’s crude oil production capacity. He made the remark in Ogbele community, Ahoada East Local Government Area of Rivers, at a meeting with the management of ND Petroleum Resources, a private sector investor in oil and gas in the are...

The Department of Petroleum Resources has said it is willing to license more modular refineries to come on stream, saying it would put an end to the problem of product scarcity in the country. The Director, Chief Executive Officer of DPR, Mr Sarki Auwalu, stated this while speaking to journalists after a tour of facilities at the Niger Delta Petroleum Resources, an indigenous oil and ...

The Director/CEO, DPR Engr Sarki Auwalu led members of the Top Management of the Department on a working visit to NDPR. The visit is in line with the Director/CEO's strategic initiative to engage stakeholders and investors in the oil and gas industry for creation of value, cost efficiency and safety. The Managing Director, NDPR, Dr. Lai fatona led the team on a guided tour to the pro...

The Department of Petroleum Resources (DPR) has warned fuel depot owners against hoarding petroleum products in their facilities, saying it would sanction erring operators. The Director, DPR, Mr. Sarki Auwalu, issued the warning yesterday, according to a statement by the agency’s Head of Public Affairs, Mr. Paul Osu. Auwalu said the warning was necessitated by reports received by t...

Crude oil provides more than 70 per cent of the revenue of Nigeria’s government at all levels and more than 90 percent of its foreign exchange. At a time when oil prices appear to be stabilising due to cuts by producers over demand uncertainty, ensuring an optimal take of government revenue from its hydrocarbon resources remains imperative. To address perennial issues bordering on accoun...

The Department of Petroleum Resources (DPR) is set to begin the implementation of Regulatory Guidelines of Naturally Occurring Radioactive Materials in the Petroleum industry. Director/CEO DPR, Sarki Auwalu stated this when he received the report on the training workshop on NORM organised for staff of the Department in conjunction with Quantized Solutions limited. He said that the ...

Crude oil, which accounts for over 80 per cent of the country’s revenue and contributes about nine per cent of the country’s Gross Domestic Product (GDP), suffered a setback between July and September 2020 when it contributed 8.73 percent of the total real GDP. The development is not unconnected to the low oil price regime in the global market occasioned by the dreaded COVID-19 pandem...