Maikanti Baru

NNPC laments non-compliance to regulations by operators, says it hinders growth in oil, gas sector

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 […]

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Report filling stations selling Petrol above ₦145 per litre to DPR, NNPC says

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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NNPC to increase local consumption of cooking gas

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 […]

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Maikanti Baru

NNPC to close-down business units not performing

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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Kachikwu, Baru advocate gas economy for Nigeria

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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FILE PHOTO: Nigeria National Petroleum Corporation (NNPC) headquarters are seen in Abuja

NNPC, China partner to develop expertise in oilfield development

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 […]

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NNPC petrol stations to run on solar electricity – Baru

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 […]

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FILE PHOTO: Nigeria National Petroleum Corporation (NNPC) headquarters are seen in Abuja

NNPC sells ₦28.85 billion crude oil to Glencore in 2017

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 […]

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Maikanti Baru

NNPC GMD, Total DMD, others to lead discussion at 2018 NAEC Conference

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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Baru makes case for more alternative financing of JV obligations

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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Importation of Petroleum decline by 15.3 pct in Q2

Importation of refined petroleum products into Nigeria declined to 5.3 billion litres in the second quarter of 2018, Q2’18, showing a drop of 15.3 percent from 6.149 billion litres recorded in the Q1’18. In its latest report released yesterday, the National Bureau of Statistics, NBS, indicated that 4.79 billion litres of premium motor spirits (PMS), […]

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NNPC, international banks sign $3bn finance deals

Managing Director of Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, said, yesterday, that the corporation had signed a third party financing deals with international banks to the tune of $3 billion for the development of oil and gas industry. Baru, who stated this at the 42nd Nigeria annual international conference and exhibition of Society […]

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