The Nigerian National Petroleum Company (NNPC) Ltd has reiterated its commitment towards utilizing Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development. According to a statement, NNPC Ltd’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan, disclosed this during…
Senate disowns fraud report on refinery rehab, as Kyari reassures on delivery schedule
The Senate has dismissed media reports claiming that it will expose all “frauds associated with the contracts and management of the Turn Around Maintenance of the nation’s refineries”. A news report last week claimed that the Senate through its Ad-hoc…
NNPC Ltd woos South Korean investors for gas projects
Kyari has also congratulated Temile Development Company, an indigenous player in the gas sector, on the commissioning of its 23,000 cubic meters ultra-modern Liquefied Petroleum Gas (LPG) Carrier in Ulsan, South Korea, today.
The new NNPCL is professional, says Professor Bart Nnaji
The Nigerian National Petroleum Company Limited (NNPCL) is now run professionally like an efficient private sector organization, according to a former Minister of Power, Professor Bart Nnaji, who is also a major player in the energy industry. “When the Nigerian…
NNPC can’t justify N6.34tn petrol subsidy – Customs
The Comptroller-General of Nigeria Customs Service, Col. Hameed Ali (retd.), has stated that the Nigerian National Petroleum Company Limited (formerly Nigerian National Petroleum Corporation) cannot justify the volume of Premium Motor Spirit (petrol) being consumed in the country daily to…
NNPC seeks closer tie with independent oil producers on industry reforms
The group managing director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kolo Kyari, has told a delegation of the Independent Petroleum Producers Group (IPPG) that the industry is at a critical phase with the ongoing reforms and…
Two dead, 30 vehicles burnt in Lagos pipeline explosion – LASEMA (Punch)
The Lagos State Emergency Management Agency has said two people have been confirmed dead and 30 vehicles burnt in the Ijegun, Lagos pipeline explosion. The spokesperson for the agency said the total loss would be determined at the end of…
Nigerians won’t experience fuel scarcity this Yuletide – Reps (Punch)
December 6, 2018 The House of Representatives’ Committee on Petroleum (Downstream), has expressed confidence that the measures put in place by the Nigerian National Petroleum Corporation to avert fuel supply shortage would be successful this year. According to the committee,…
Nigeria to raise oil, condensate outputs in 2019 (Guardian)
Nigeria is to increase its daily oil production to 1.8 million in 2019. It would also raise its condensate output by 0.5 million bpd during the period. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti…
Documents show ‘broke’ NNPC stacked trillion naira debt, unable to meet commitments (PremiumTimes)
The Nigerian National Petroleum Corporation (NNPC) was unable to meet its debt obligations as due in January, as a result of inadequate finances, documents seen by PREMIUM TIMES have shown. The national oil company was also encumbered by huge outstanding…
