Energy

Nnpc

NNPC, KDSG, Sign MoU on Gas Utilisation, Expansion, As Kyari Assures Gas Supply Will Revamp Industries

Nigeria’s domestic gas penetration aspirations have received a major boost as the Nigerian National Petroleum Corporation (NNPC) and the Kaduna State Government have signed a Memorandum of Understanding (MoU) for utilisation and expansion of gas supply in the state. Speaking at the MoU Execution Ceremony which held Thursday at the Sir Kashim Ibrahim House in […]

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Mele Kyari

House of Reps Commends NNPC GMD Kyari, Says You Have Made Our Day, As Kyari Clarifies Revenue Projection for 2022-2024 Revenue

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday received accolades from the House of Representatives Committee on Finance for providing detailed explanations on some burning Oil Industry issues at an interactive session on the 2022-2024 Medium Term Expenditure and Revenue Framework (MTERF) and Fiscal Strategy Paper (FSP). […]

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Nnpc

NNPC Fixes Projected Oil Price for 2022 At $57, $61 for 2023

The Nigerian National Petroleum Corporation (NNPC), has projected a medium term base crude oil price scenario of $57 to a barrel for 2022; $61 for 2023 and $62 for 2024. The Group Managing Director of the corporation, Mallam Mele Kyari, made the disclosure in his presentation to the House of Representatives, according to a statement […]

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Nnpc Ogon

NPDC, Ogoni People Pledge Cooperation on Oil Production

The leaders of Ogoniland in Rivers State under the auspices of the Ogoni Liberation Initiative have pledged to cooperate with the Nigerian Petroleum Development Company (NPDC) in the exploration and production of oil and gas resources in its territory. The Ogoni leaders made the pledge Tuesday at the Ogoni Liberation Day which held in Bori […]

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Crude Oil

NNPC SetsTo Resume Oil Exploration In Ogoni

The Nigerian National Petroleum Corporation, NNPC, has disclosed its  intentions to return to Ogoniland and commence oil exploration. The indication was given by its subsidiary, the Nigerian Petroleum Development Company (NPDC) Limited, on Monday when its Managing Director, Mr Ali Zara, spoke at an event organised by the Ogoni Liberation Initiative (OLI) in Bori, headquarters […]

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Dangote Ferterlzer

NARTO, Dangote Refinery Collaborate on Efficient Products Distribution

Road Transport owners across Nigeria have expressed optimism that the 650,000 barrels-per-day Dangote Petroleum Refinery would deepen the downstream sector and positively impact their businesses. The transporters, under the aegis of Nigerian Association of Road Transport Owners (NARTO) after a guided tour of the refinery Plant in Ibeju-Lekki area of Lagos, said they had no […]

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Nnpc

After Court Judgement Victory NPDC To Resume Operations In OML 11

The Nigeria National Petroleum Corporation (NNPC), has hailed the recent Appeal Court judgment affirming its operatorship of the Oil Mining License 11 (OML 11), describing it as a huge victory for Nigeria and the beginning of addressing decades of host community restiveness. The Appeal Court sitting in Abuja on Monday upturned the August 23, 2019 […]

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Kyari

Kyari Tasks NNPC Greenfield Refinery Ltd Board on Fuel Importation

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged members of the Board of the NNPC Greenfield Refinery Limited (NGRL), to explore all available options to bring an end to the current challenge of petroleum products importation. Mallam Kyari gave the charge Thursday while inaugurating the Board of […]

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Nnpc

NNPC’s New Subsidiary Emerges To Oversee Refineries

The Nigerian National Petroleum Corporation (NNPC) yesterday inaugurated the board of Greenfield Refinery Limited (NGRL), a subsidiary of NNPC, to oversee the establishment and operation of new refineries. Group Managing Director of the corporation, Mallam Mele Kyari, while swearing in the new board members in Abuja, charged them to explore all options to bring an […]

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Nnpc

NNPC, CMEC, GE Sign Contract for 50MW Maiduguri Emergency Power Project

A significant step towards redeeming the pledge by the Nigerian National Petroleum Corporation (NNPC) to intervene in the perennial electric power supply challenge in Maiduguri, Borno State, was taken Tuesday with the execution of the Engineering, Procurement, and Construction (EPC) and Equipment Procurement contracts for a 50Megawatts (MW) Emergency Power Project in Maiduguri. The project […]

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Nnpc

NNPC Commits to Supporting NLNG

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated the Corporation’s commitment to supporting the Nigeria Liquefied Natural Gas (NLNG) Limited towards achieving its goal of becoming a global LNG company of choice. Speaking as a Guest of Honour at the 2021 NLNG Health Safety and Environment (HSE) […]

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Nnpc

FG’s Funding For Oil Industry’s Priority Projects in June Hits $1.54trn Deficit

  The federal government through the Nigerian National Petroleum Corporation (NNPC) may have been unable to fund its priority projects in the oil and gas industry to the tune of $1.54 trillion, according to a document presented by the corporation to the Federation Account Allocation Committee (FAAC) in July. In the document sub-headlined “Statement of […]

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