The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has advised all its partners involved in the Direct Sale Direct Purchase (DSDP) scheme to patronise the NNPC shipping subsidiary (NIDAS), as a way of sustaining the profitability of the national oil outfit. Baru passed the advice to two of NNPC’s […]
Read More The Federal Government paid a total of ₦1.628 trillion in the joint venture cash call from January to November 2018, latest data from the Nigerian National Petroleum Corporation have shown. The dollar allocation to the JV cash call account was $3.712 billion while the naira portion was ₦496.703 billion, according to the corporation. The nation’s […]
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Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), says non-compliance to regulations by operators in the oil and gas sector hinders growth in the industry. Baru made this known at the 2018 annual stakeholders meeting of the Department of Petroleum Resources (DPR) in Abuja on Thursday. The meeting, with the theme […]
Read More 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 […]
Read More The Nigerian National Petroleum Corporation, NNPC, has said it is committed to growing local consumption of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, with improved supply program for the domestic market. It also noted its desire to grow Nigeria’s share of the global Liquefied Natural Gas (LNG) market to 10 per cent, even […]
Read More The Nigerian National Petroleum Corporation, NNPC, Wednesday, disclosed that it would shut down its business units that are not performing to set standards. According to a statement in Abuja, Group Managing Director of the NNPC, Mr. Maikanti Baru, stated that in line with this, the corporation had signed performance agreements with his management team to […]
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Dr Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporate (NNPC) and Minister of State for Petroleum Resources, Dr Ibe Kachikwu said the huge gas deposit in the country was a veritable tool for economic diversification. They both made the assertion on Monday at the Nigerian Gas Association 11th International Conference and Exhibition holding in […]
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The Nigerian National Petroleum Corporation (NNPC) has said it is considering going into a partnership with the China National Offshore Oil Corporation (CNOOC), to develop its expertise in oilfield services. CNOOC, a global leader and China’s largest producer of offshore crude oil and natural gas, is the third-largest NOC in China, after the China National […]
Read More The Nigerian National Petroleum Corporation, Tuesday, said it plans to venture into solar power generation and is also considering powering all its retail outlets with electricity from solar energy. The NNPC, in a statement in Abuja, also stated that it has signed a Memorandum of Understanding, MoU, in China with two consortia, towards the development […]
Read More The Nigerian National Petroleum Corporation, NNPC, received $94.279 million, about ₦28.85 billion, from Anglo-Swiss multinational commodity trading and mining company, Glencore, being payment for crude oil sold to the company in 2017. Glencore is one of the oil traders selected to lift Nigeria’s crude oil under various contracts, such as the crude oil term deal […]
Read More The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kachalla Baru, Deputy Managing Director, Total E&P Nigeria, Ahmadu-Kida Musa, President, Petroleum Club, Dr. Godswill Ihetu and other industry stakeholders will lead discussions around emerging issues in the oil, gas and power sectors at the Association of Energy Correspondents of Nigeria’s (NAEC) Annual Conference […]
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The decision by the Nigerian National Petroleum Corporation (NNPC) to seek alternative financing models for funding its Joint Venture (JV) obligations has continued to restore confidence among investors and stimulate further Foreign Direct Investments (FDI) in the nation’s oil and gas industry. Group Managing Director of the Corporation, Dr. Maikanti Baru, disclosed this while speaking […]
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