President Muhammadu Buhari, Thursday, appointed Mr. Mele Kyari, the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), with effect from July 8, 2019. In a statement in Abuja, Group General Manager, Group Public Affairs Division of the…
NNPC pays $1.5bn cash call debt to IOCs (Punch)
The Nigerian National Petroleum Corporation says it has reduced cash call arrears owed to international oil companies, its Joint Venture partners, by $1.5bn. The corporation has cash call arrears of $5.1bn. Group Managing Director of NNPC, Dr Maikanti Baru, said…
There is no impending fuel scarcity, NNPC debunks rumours (Punch)
The Nigerian National Petroleum Corporation, on Thursday, debunked the rumours that the nation was going to experience fuel scarcity due to the alleged refusal of some oil marketers to lift products from the depots. In a statement released on its verified Twitter…
NLNG, NCDMB sign Nigerian Content Plan for Train 7
Nigeria LNG Limited (NLNG) and Nigerian Content Development Monitoring Board (NCDMB) on Friday signed off the approved plan for Nigeria Content (NC) for NLNG’s Train 7 project, which will ensure the delivery of value and benefits to the Nigerian economy.…
NNPC recovers N771m forfeited assets from oil marketers (Independent)
The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it has recovered assets worth over N771million from some marketers, who had under-paid for petroleum products supplied to them from Petroleum Products Marketing Company (PPMC) Kaduna Depot. Mr. Mike Balami, the…
NNPC partners police to fight pipeline vandalism (Daily Trust)
The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Police have pledged to work together in a renewed drive to combat the perennial menace of oil theft and pipeline vandalism across the country. NNPC’s spokesman Mr. Ndu Ughamadu, stated in…
MT Africa Gas, MT Sahara Gas boost LPG supply by 437,170 MT in two years
Two years ago in Ulsan, South Korea, a special event that would positively impact accessibility to clean energy in Africa and beyond elicited excited cheers from leading stakeholders, environmentalists and energy experts. It signaled a new dawn and a huge…
NEITI’s audit report puts NNPC on the spot (Nation)
Nigeria Extractive Industries Transparency Initiative (NEITI) Executive Secretary Adio Waziri touched raw nerves when he said more than 50 per cent of the problems in the oil and gas industry were traceable to the Nigerian National Petroleum Corporation (NNPC) because…
Paradox of an oil producer (New Telegraph)
Recently, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, was full of excitement as he rolled out what he called the achievements of the Corporation in 2018. Noting that the three refineries in Nigeria have suffered…