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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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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Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), on Monday called for proactive actions to reduce the country’s dependence on oil and gas. Baru, who spoke at the 2018 Nigerian Annual International Conference and Exhibition (NAICE) in Lagos, identified the reliance on oil and gas, as responsible for the economic recession […]
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The Nigerian National Petroleum Corporation (NNPC), has commended the Nigeria LNG Limited (NLNG) on its successful repayment of 5.45 billion dollars (₦1.98 trillion) loan on Train 1 to 6 investments. Mr Andy Odeh, the Manager, Communications and Public Affairs of NLNG said Dr Maikanti Baru, the Group Managing Director of NNPC made the commendation in […]
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Speaking at the just concluded 2018 edition of the Nigeria Oil and Gas (NOG) Strategic Conference and Exhibition in Abuja, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said Nigeria aspired to reduce unit cost of production of crude oil to $15. He stated that there was every need to begin to look […]
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The Nigerian National Petroleum Corporation (NNPC) has vowed to remain globally competitive to ensure value addition to the nation’s hydrocarbon resources for the benefit of Nigerians and other stakeholders. NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this Thursday in Abuja while addressing the corporation’s staff via a mail broadcast to commemorate his two-year anniversary […]
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The Oil and Gas Industry is creating an enabling environment that would enable investors to contribute their quota towards making Nigeria’s abundant natural gas resources serve as launching pad for the nation’s industrialization take off. Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. […]
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The Nigerian National Petroleum Corporation, NNPC, Thursday, stated that it is putting in place a number of measures to ensure that new power plants are built from its infrastructural development projects. In a statement in Abuja, Group Managing Director of the NNPC, Mr. Maikanti Baru, specifically stated that it was keen on using some of […]
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The Nigerian National Petroleum Corporation (NNPC) has outlined plans to attract private investments, ensure sustainable development and spur growth in the nation’s Oil and Gas Industry. Group Managing Director of the corporation, Dr. Maikanti Baru, disclosed this while speaking on the theme “Investment in the Oil and Gas Industry” at the 7th International Seminar of […]
Read More Dr Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), said the corporation had signed over three billion dollars oil and gas development deal to ensure development in the sector. Baru said this while speaking on investment in the Oil and Gas Industry at the ongoing 7th OPEC International Seminar on Thursday in Vienna, […]
Read More The Group Managing Director, Nigerian National Petroleum Company (NNPC), Dr Maikanti Baru, on Friday said that the company would commence oil exploration along Gongola Basin. Baru said this in Bauchi while delivering Abubakar Tafawa Balewa University (ATBU) pre-convocation lecture titled “Enhancing University-Industry Collaboration to support Nigerian Content Policy, Industrialization and Economic Growth”. Baru explained that […]
Read More The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, on Wednesday stated that the organisation was currently among the most transparent in the country. In a goodwill message at a stakeholders’ workshop on the extractive sector validation organised by the Nigeria Extractive Industries Transparency Initiative, Baru stated that efforts were on to disabuse the […]
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