IOCs Lament Escalating Oil Losses, Say Threat Has Reached Existential Level Warn new marginal field licensees may face evacuation issues FG pays $100m for Nigeria, Siemens power project NUPRC insists on 40bn barrels reserves, 3m bpd drilling target NLNG's output drops by 35% on rising oil theft, vandalism Emmanuel Addeh and Peter Uzoho in Abuja International oil companies (IOCs)
operating in Nigeria including Shell, Chevron, TotalEnergies, and ExxonMobil have again expressed their frustration over the escalating
oil losses in the Niger Delta due to the activities of oil thieves. Speaking at the industry leaders’ panel on the topic: "The Future of
Nigeria's Energy Sector in the PIA Era," Managing Director of Shell Nigeria Limited, Mr. Osagie Okunbor, said the high oil losses
caused by crude theft had resulted to Nigeria's daily oil production declining from 1.8 million barrels per day in the last three years to
just a little over 1 million bpd. This was just as despite current Continued on page 49
Boris Johnson Digs in Amid Growing Cabinet Resignations... Page 49 Thursday 7 July, 2022 Vol 27. No 9949. Price: N250
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President Swears in New Ministers
Deji Elumoye, Ndubuisi Francis in Abuja, Fidelis David in Akure and Sylvester Idowu in Warri
L-R: Arise News anchor, Ngozi Alaegbu; Governor Gboyega Oyetola of Osun State and candidate of the All Progressives Congress; Labour Party candidate, Hon. Yusuf Lasun; Social Democratic Party candidate; Mr Goke Omigbodun; Accord Party candidate, Dr Akin Ogunbiyi; Arise News anchor, Dr Reuben Abati; and Executive Director of Enough is Enough, Yemi Adamolekun, at the Osun State governorship debate hosted by Arise News Channel in Osogbo… yesterday
President Muhammadu Buhari has charged the seven newly appointed Ministers to serve Nigeria with all Continued on page 49
Buhari Visits Kuje, Queries Intelligence, Response as ISWAP Claims Responsibility President questions why prison defences failed to work Demands comprehensive report on incident DSS warned correctional facility of planned attack Presidency: Activities of criminals won’t discourage our govt Security cordon in Abuja after Kuje Prison bombing Atiku, Akeredolu, Afenifere, others speak on development Deji Elumoye, Chuks Okocha, Kingsley Nwezeh, Olawale Ajimotokan, Michael Olugbode in Abuja, James Sowole in Abeokuta and Fidelis David in Akure President Muhammadu Buhari, yesterday, visited the Kuje Medium
Security Custodial Centre, Abuja, which was attacked Tuesday night by scores of armed terrorists, and queried the intelligence gathering system of the authorities at the centre. Continued on page 5
Dwindling Revenue: We'll Not Be Able to Pay Salaries in Coming Months, Govs Cry Out...Page 10
NIGERIA AT WAR...
President Muhammadu Buhari inspecting Kuje Correctional facility in Abuja after the terrorists attack ..... yesterday
PHOTO: GODWIN OMOIGUI