This followed the approval of a new National Oil Policy by the Federal Executive Council.
The Minister of State for Petroleum, IBE KACHIKWU, briefed State House Correspondents on the development after the FEC meeting yesterday.
KACHIKWU said the objective of the National Oil Policy is re-organising the Nigerian National Petroleum Corporation for greater efficiency and accountability.
The National Gas Policy was first considered three weeks ago, and it is designed to move Nigeria from oil to gas-production.
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