The Nigerian National Petroleum Corporation (NNPC) would continue to offer unflinching supports to indigenous private investors in the nation’s Oil & Gas Industry. Group Managing Director of the Corporation, Dr. Maikanti Baru, gave this assurance while speaking at the official commissioning of an ultra-modern 300 million-litre capacity tank farm built by a local private investor, […]
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Tuesday advocated zero tolerance for corruption in all the arms of the Corporation. Dr. Baru who commented on a mail-broadcast message sent to the staff of the Corporation by the NNPC Anti-Corruption Committee as part of activities marking the World […]
Read More The Nigerian National Petroleum Corporation on Wednesday said it had secured a total of $3.7 billion in alternative financing agreements in the last three years. The Group Managing Director, NNPC, Maikanti Baru, said securing external funding arrangement was crucial to sustaining oil and gas production in Nigeria and ensuring the survival of the country’s energy […]
Read More The Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability. Since assuming duty, Dr. Baru has secured about $2 billion discounts from renegotiated upstream contracts as well as focus on utilizing local content in […]
Read More The Nigerian National Petroleum Corporation on Tuesday said it had so far completed 500 kilometres of gas pipelines between 2010 to date as part of measures to expand gas pipeline infrastructure across the country. The Group Managing Director, NNPC, Dr. Maikanti Baru, stated this in Abuja at the 2017 Conference and Annual General Meeting of […]
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Following the publication of alleged lack of adherence to due process in the award of NNPC contracts, the President ordered the Group Managing Director (GMD) and Management of the Nigerian National Petroleum Corporation (NNPC) to consider and respond expeditiously to the allegations. The substance of the allegations made by the Minister of State for Petroleum […]
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Sources close to the Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, have revealed the reasons the NNPC boss ignored the Minister of State for Petroleum Resources, Ibe Kachikwu in the running of the corporation. The sources told Punchng that the Act establishing the NNPC stipulates that the chairman of the corporation’s board is […]
Read More NNPC Group Managing Dr. Maikanti Baru, has said an average of 700,000 barrels per day (bpd) of crude oil was deferred last year due to pipeline sabotage. He lamented that this brought production down to as low as 1.3 million (bpd) from 2.2 million barrels targeted for the period. Baru, who stated this in a […]
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The Nigerian National Petroleum Corporation, NNPC, has agreed to open its finances for scrutiny and allow unfettered access to its books, especially by the Office of the Auditor General of the Federation, OAuGF. This was disclosed in a statement by the NNPC following a visit by the Auditor General of the Federation, Mr. Anthony Ayine, […]
Read More Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) Dr. Maikanti Baru on Monday said the Bonny NLNG is one of the biggest success stories of the oil and gas industry since it came on stream in 1995. He said the project has generated $90 billion revenue, $30 billion dividends and contributed four per cent […]
Read More Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has expressed hope for the corporation to partner with Indian health companies in the area of health care services. Baru made this known when a delegation of Indian business men led by the Head of Chancery of the High Commission of India, Mr. M.S. Kanyal […]
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