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Crude Oil Discovered In Borno

Crude oil has been discovered in vast quantities in Borno state, according to Jamila Shua’ra, permanent secretary, ministry of petroleum resources.

Shua’ra made the disclosure on Thursday at the presentation of the 2016 petroleum sector scorecard in Abuja.

She listed the discovery of crude oil in Borno as one of the achievements of the ministry in 2016.

“Our doggedness culminated in the discovery of oil in new frontiers – Lagos and Borno”, NAN quoted her as saying.

The introduction of the petrol Price Modulation Matrix, she said, was another achievement of the ministry or petroleum resources.

Other achievements she listed are the “all-round availability of petrol in all outlets; eradication of payment on fuel subsidies; and location of foreign direct investment to finance midstream oil and gas infrastructure”.

“The adopted exit strategies on Joint Venture Cash Call, robust engagement of host communities to reduce agitations, and creation of more stable industrial relations are some of the accomplishments of the ministry,” she said.

With the new discovery, Borno is set to join Lagos, Bayelsa, Rivers, Delta, and Akwa Ibom in the league of crude oil producers.

By News Agency of Nigeria



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