The Nigerian National Petroleum Corporation (NNPC) is finding it difficult to access funds from private investors to undertake most of its oil and gas operations because it is unable to show that it is transparent, efficient in corporate governance and can make good returns on its investments, the Nigeria Natural Resource Charter (NNRC) has alleged. […]
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Mr Mordecai Ladan, Executive Director, Department of Petroleum Resources (DPR) says the organisation generated ₦1.3 trillion as revenue and additional 200 million dollars from legacy indebtedness in 2018. Ladan made this known at the opening of a workshop on Revenue Generation, Accounting and Reporting Process to the Federation Allocation Accounting Committee (FAAC) in Abuja, on […]
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has urged Nigerians to report any filling station selling petrol above the official pump price of ₦145 per litre. Baru gave the charge in a statement signed by the NNPC Spokesman, Mr Ndi Ughamadu, in Abuja, on Monday. He said reports […]
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The Department of Petroleum Resources has sealed up two illegal gas facilities in Uyo, Akwa Ibom State. The gas stations are located in private homes with holes connecting to cylinders kept at the back of the houses. The illegal gas station at Ukana Offot-Duk Vendor has a giant cylinder that had been welded. The Operations […]
Read More The Department of Petroleum Resources (DPR), said it licensed 147 filling stations in the Federal Capital Territory in 2018. Malam Abba Misau, the Zonal Operation Controller, disclosed this at DPR Abuja Zonal Celebration of the nation’s 2018 Independence Day, on Wednesday in Abuja. “We have about 357 filling stations in Abuja, with our surveillance this […]
Read More The Nigerian National Petroleum Corporation, NNPC, has adopted new measures targeted at enhancing fuel supply nationwide in the next six months and beyond. The measures, it was gathered included the rehabilitation of all domestic refineries, importation of 60 million litres of petrol daily and 40 days sufficiency from October 2018 to March 2019. The plan, […]
Read More The Federal Government, through Department of Petroleum Resources, DPR, has resolved to closely monitor the operations of 14 indigenous oil and gas companies involved in managing Nigeria’s marginal fields. Investigations by correspondent showed that the increased monitoring of the indigenous companies — Oriental, Midwestern, Walter Smith, Niger Delta Petroleum, Green Energy/Lekoil, Network E&P, Platform, Pillar […]
Read More The Department of Petroleum Resources (DPR) is to arrest individuals and firms who illegally produce and sell lubricants, it was learnt at the weekend. The DPR has directed its Engineering and Standards Department officials to probe the issue. A source close to the DPR, who do not want his name in print, said the agency […]
Read More Efforts to ensure that marketers adhere to the approved retail price of petrol received a boost as the Department of Petroleum Resources (DPR) yesterday, sealed three filling stations in Ibeju Lekki and Epe in Lagos for hoarding fuel and selling above pump price. Chief Mechanical Engineer of DPR, Mr Igheghe Abel, who led the inspection […]
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The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, yesterday called for the rehabilitation of the nation’s refineries to end the recurring fuel scarcity across the country. The South-West Chairman of the union, Tayo Aboyeji, who made the call in a chat with the News Agency of Nigeria, said it is disheartening to know […]
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The combined team of officials of the Nigerian National PetroleumCorporation (NNPC) and the Department of Petroleum Resources (DPR), led by the Group Managing Director of the NNPC, Dr. Maikanti Baru, on Tuesday heightened the tempo of unscheduled visits to fuel stations across the Federal Capital Territory suspected to be involved in underhand dealings. The raid […]
Read More The Department of Petroleum Resources (DPR) has warned residents of Gusau in Zamfara against panic buying and hawking of Petroleum product. Malam Ango Haruna, The Controller in charge of Gusau DPR field office, gave the warning on Friday in Gusau when he led the surveillance team of the department to inspect some filling stations in […]
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