Petrol subsidy is back to the nation. The Nigerian National Petroleum Corporation has been offsetting for months the difference between the landing costs of petrol and the pump price. In series of interviews with knowledgeable players in the sector, NAN can report authoritatively that the landing costs per litre of petrol is higher than the […]
Read More
The nation production of gas has faced a consistent rise following the gradual decline in the spate of vandalism of oil and gas facilities across the country. Specifically, the latest report from the Nigerian National Petroleum Corporation showed that the gas production rose by 55.1 billion standard cubic feet between September and November last year, […]
Read More
A Memorandum of Understanding between Italian oil giant ENI and Nigerian National Petroleum Corporation was signed in Rome yesterday, with ENI committing to the refurbishment of the Port Harcourt Refinery. The company also agreed to build Phase 2 of Okpai Power Plant and to further invest in Nigeria’s Oil and Gas industry. The Minister of […]
Read More The Group General Manager, Group Public Affairs Division, the Nigerian National Petroleum Corporation, Mr. Ndu Ughamadu, says the corporation has resumed loading of petroleum products in all its depots nationwide. Ughamadu made the disclosure in a statement on Saturday in Abuja. He said that the resumption of activities at the depots across the country followed […]
Read More
The Nigerian National Petroleum Corporation (NNPC) on Wednesday released names of 39 bidders for the sale and purchase of Nigerian crude for 2017/2018. Announcing the results on its Website, the Group General Manager, Crude Oil Marketing Division NNPC, Mr Mele Kyari, said the contract would run for one year effective from Jan. 1 for consecutive […]
Read More
The Nigerian National Petroleum Corporation on Thursday said the hardship in the aviation sector was not due to the scarcity of Jet-A1, but was partly because of the inability of the airlines to pay for the product. The Group Managing Director, NNPC, Dr. Maikanti Baru, stated that the alleged scarcity of Aviation Turbine Kerosene was […]
Read More The country lost at least N94 billion in four months as oil and gas companies flared a total of 87.03 billion standard cubic feet of natural gas in that period. The latest monthly report from the Nigerian National Petroleum Corporation showed that 22.60 billion scf of gas was flared in October; 21.50 billion scf in […]
Read More The corporate headquarters of the Nigerian National Petroleum Corporation did not generate any revenue in October 2016 and failed to contribute any amount to the group purse for the month. The latest monthly NNPC Group Financial Report obtained in Abuja on Friday showed that the national oil firm’s headquarters failed to generate revenue despite targeting […]
Read More Transparency in the operations of the Nigerian National Petroleum Corporation, NNPC, was sustained on Thursday with nothing less than 224 bids submitted by companies whose interest is to buy and lift Nigerian crude oil grades for 2016/2017. Successful companies would participate in the lifting of about 700, 000 barrels per day of crude oil on offer […]
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 […]
Read More
President Muhammadu Buhari on Friday challenged members of the newly inaugurated boards in the Ministry of Petroleum Resources to ensure decency and transparency in the management of the nation’s oil industry. The inaugurated boards included the Nigerian National Petroleum Corporation (NNPC), Nigerian Content Development and Monitoring Board (NCDMB) and Nigerian Nuclear Regulatory Authority (NNRA). Buhari […]
Read More The Nigerian National Petroleum Corporation (NNPC) has commenced work on a scheme to improve the quality of diesel in the Nigerian market for efficient and optimal performance of diesel-powered engines. This was disclosed by the Manager, Collaborative Research of the Research & Development Division, Engr. David Akpan, in a presentation made to the Group Managing […]
Read More
