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The Federal Government has said that the Ministry of Petroleum Resources is expected to generate $600 million from its new marginal oil fields.
This follows the completion of the process for the acquisition of the marginal fields and the subsequent notification of 161 winners.
According to a report from the News Agency of Nigeria (NAN), this disclosure was made by the Minister of State for Petroleum Resources, Timipre Sylva, at the fifth edition of the Special Ministerial Briefings coordinated by the Presidential Communication Team, held at the Presidential Villa, Abuja, on Thursday.
What the Minister of State for Petroleum Resources is saying