News & Updates
The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva has partly disclosed...
Chairman/Managing Director of Nigeria Agip Oil Company, Lorenzo Fiorillo led a high powered team...
The mandate of the Ministry of Petroleum Resources is to transform the oil and gas industry for the increased benefit of Nigeria and its people through effective implementation of policies on hydrocarbon exploration, exploitation, production, distribution and utilization in accordance with international standards.
The Ministry of Petroleum Resources is responsible for the articulation, implementation and regulation of policies in the Oil and Gas Sector. It also exercises supervisory role over the operators and stakeholders, to ensure compliance with all applicable laws and regulations in the Oil and Gas Sector.
Determined to make far reaching changes and ensure the fundamental transformation of Nigerian oil and gas industry on exploration, exploitation, production and distribution of products to bring it in line with the 21st Century global industrial practices.
Committed to maximizing the net economic benefit from oil and gas resources and enhance the social and economic development of the people while meeting the nations needs for fuel at competitive cost, accomplishing all in an environmentally acceptable manner.