•Kyari speaks at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition NNPC Ltd. Group CEO Mele Kyari has reiterated the company’s commitment to resolving Nigeria’s energy trilemma by ensuring energy security,…
Hike in fuel price may worsen scarcity, IPMAN warns
The Independent Petroleum Marketers Association of Nigeria has raised the alarm over likely fuel scarcity despite the increasing costs of petroleum products. The association said that there appears to be disagreement between members of the association and the management of…
NNPC confirms payment but says it’s not for fuel subsidy
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has not paid fuel subsidies to anyone in the last nine months. The Chief Financial Officer of the company, Alhaji Umar Ajiya, made the clarifications on Monday in Abuja. Ajiya…
Tinubu directs NNPC to sell crude to Dangote Refinery in naira
President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, made this known in a…
‘NNPC Ltd’s gas strategy to trigger Nigeria’s industrialisation, economic devt’
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…