Saturday, July 2, 2022
  • Login
No Result
View All Result
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
No Result
View All Result
The News Beam
Home News Business & Economy

FG To Increase Nigeria’s Oil Reserves from 36.91 billion Barrels to 50 billion barrels – DPR

August 10, 2021
in Business & Economy, Economy, News
Reading Time: 1 min read
0
A A
0
FG To Increase Nigeria’s Oil Reserves from 36.91 billion Barrels to 50 billion barrels – DPR
Share on FacebookShare on Twitter

The target of the Federal Government is to increase Nigeria’s oil reserves from 36.91 billion barrels to 50 billion barrels in the short to medium term, the Department of Petroleum Resources announced on Monday.

Director/Chief Executive, DPR, Sarki Auwalu, announced this during a workshop with industry partners on Monday.

He also announced that the regulator would inaugurate annual awards for companies, projects or individuals who add value to the Nigerian oil sector through enhanced recovery of the country’s oil and gas resources.

Auwalu in a statement issued by the Head of Public Affairs, DPR, Paul OSU, said the Improved Oil Recovery/Enhanced Oil Recovery Awards were part of deliberate engagements with industry partners to achieve maximum economic recovery strategies for Nigeria.

Auwalu noted that the Federal Government, through the MER strategies, was also targeting to increase Nigeria’s proven gas reserves from 206.53 trillion cubic feet to 250TCF.

According to him, companies, individuals, fields, research institutions and technologies were eligible for the IOR/EOR awards.

He said the industry initiative was one of the outcomes of the work of the National Oil and Gas Excellence Centre, Lagos inaugurated in January by the President, Major General Muhammadu Buhari (retd.).

Read Also: Subsidy Removal: DPR Clarifies News of Fuel Price Rising To N1000/litre

Tags: FGIncrease barrelNigeria's oil reserveOil
ShareTweetSend
Previous Post

ENDSARS: UNIBEN’s Final Year Student Makes Statue of Aisha Yesufu

Next Post

Messi Agrees to Sign a Two-year Deal Worth £25m With PSG

Related Posts

Banks suffer 11% reduction in new loans as customers resist interest rate hike
Finance

Banks suffer 11% reduction in new loans as customers resist interest rate hike

June 30, 2022
12
naira
News

Naira sinks to N615/$ as foreign investors worry over dollar scarcity

June 27, 2022
35
Senate President
News

Senate probes Shell over Joint Venture breach, seeks $200m refund to FG

June 22, 2022
11
2.7m Nigerians pay N5.7bn for rail transport in 2021-NBS
Business & Economy

2.7m Nigerians pay N5.7bn for rail transport in 2021-NBS

June 22, 2022
8
Naira CBN
Finance

How to earn 10% interest on your Small Savings

June 20, 2022
38
SERAP
News

Breaking! Court stops INEC from ending voter registration

June 20, 2022
34
Next Post
Messi Agrees to Sign a Two-year Deal Worth £25m With PSG

Messi Agrees to Sign a Two-year Deal Worth £25m With PSG

24-year-old Olympic cyclist, Olivia Podmore is dead

24-year-old Olympic cyclist, Olivia Podmore is dead

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

  • Trending
  • Comments
  • Latest
How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

October 16, 2020
Covid-19: See List of Vaccination Centers in Lagos State

Covid-19: See List of Vaccination Centers in Lagos State

August 19, 2021
Banks suffer 11% reduction in new loans as customers resist interest rate hike

CBN reveals 9 Business Categories that recorded Increased Activity This Month

9
BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from 'Anonymous' hack

BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from ‘Anonymous’ hack

7
Banks suffer 11% reduction in new loans as customers resist interest rate hike

Banks suffer 11% reduction in new loans as customers resist interest rate hike

June 30, 2022
naira

Naira sinks to N615/$ as foreign investors worry over dollar scarcity

June 27, 2022

Categories

  • Agriprenuers (12)
  • Books & Arts (6)
  • Business & Economy (421)
  • Capacity Building (21)
  • CDAs (2)
  • Community Champions (1)
  • Crime (195)
  • DEVELOPMENT (73)
  • Development Agencies (109)
  • Economy (314)
  • Education (192)
  • Entertainment (405)
  • Faith (55)
  • Finance (331)
  • Global (103)
  • Guest Columnists (17)
  • Health (242)
  • Health (56)
  • Industry (149)
  • LGAs (1)
  • Lifestyle (97)
  • MGDs (10)
  • News (2,280)
  • Politics (371)
  • Projects (2)
  • Relationships (68)
  • Security (164)
  • SMEs (15)
  • SPECIALS (80)
  • Sports (311)
  • Street Money (9)
  • Tech (138)
  • Teens World (3)
  • The Entrepreneur (23)
  • Uncategorized (64)
  • Your Community (33)
  • Youthprenuers (14)
No Result
View All Result
News
Politics
Business & Economy
Sports
Entertainment
Global

Development

Health
Education
MGDs
Development Agencies

Your Community

CDAs
LGAs
Projects
Community Champions

The Entrepreneur

Street Money
SMEs
Youthprenuers
Agriprenuers
Capacity Building

Specials

Lifestyle
Relationships
Books & Arts
Faith
Teens World
Guest Columnists

Follow Us

  • About Us
  • Contact Us
  • Terms of Usage
  • Privacy Policy
  • Advert Rates
  • Newsletters
  • Resources
  • Submit a Story
No Result
View All Result
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
  • Login

© 2020 The News Beam is the highest circulated and most read newspaper in Nigeria. The online portal of The News Beam is the most visited website in the world.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe With The News Beam