marketers

Marketers, Not FG Responsible For Abuja Fuel Queues - Sylva

Marketers, Not FG Responsible For Abuja Fuel Queues – Sylva

The Minister of state for petroleum, Timipre Sylva on Wednesday asserted that marketers are to blame for the long queues for fuel in the nation’s capital while also absolving the Federal Government of any guilt.

Speaking to reporters after the weekly Federal Executive Council (FEC) meeting on Wednesday, Sylva asserted that the NNPC has a very good supply of the product at the moment hence the queues and scarcity were unexplainable.

‘Frankly, it is not a supply issue, as you can also confirm. So it’s not from us. But you know When you have an arbitrage opportunity, people will tend

US imposes sanctions on Iranian oil marketers

The Trump administration has announced it will no longer exempt any countries from US sanctions if they continue to buy Iranian oil, increasing economic pressure on the Middle Eastern country.

The White House is stepping up pressure on Iran in a move that primarily affects the five remaining major importers – China and India, and the US treaty allies Japan, South Korea and Turkey.

President Donald Trump made the decision as part of the “maximum pressure” campaign on Iran, although Turkey and China have already criticised the administration.

The move aims to eliminate all of Iran’s revenue from oil exports, …