The Kaduna Refining and Petrochemical Company, one of the country’s crude oil refineries being managed by the Nigerian National Petroleum Corporation, has remained dormant. According to the corporation, the refinery’s capacity utilisation has remained at zero for months, as the KRPC is not refining crude oil despite receiving the commodity. In its latest monthly oil […]
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The Nigerian National Petroleum Corporation, NNPC, Friday, described as false, allegations that it is subtly funding the media and publicity arm of the re-election campaign of President Muhammadu Buhari. The NNPC, in a statement in Abuja, signed by its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu distanced its Group Managing Director, Mr. […]
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Nigeria’s current proven gas reserve has gone up to 202 trillion cubic feet (tcf) from the initial figure of 199tcf, the Nigerian National Petroleum Corporation (NNPC) has disclosed. The corporation also stated that the country’s unproven gas reserves is now about 600tcf. It explained that based on these numbers, Nigeria had almost 10 times the […]
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The Nigerian National Petroleum Corporation, NNPC, yesterday, denies culpability in the pipeline fire incident that occurred last week in Umuaduru and Umuimo communities in Osisioma Ngwa Local Government Area of Abia State. The NNPC, in a statement by its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, said the incident was not as […]
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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 people of Udu kingdom in Udu Local Government Area of Delta State has given a 14-day ultimatum to Nigerian Petroleum Development Company (NPDC) to construct a flow station at Emadadja, Ogbe Udu or Ubogo or face shutdown of all oil wells in the area. Udu is one of the foremost producers of oil and […]
Read More The Nigerian National Petroleum Corporation, NNPC, has adopted new measures targeted at enhancing fuel supply nationwide in the next six months and beyond. The measures, it was gathered included the rehabilitation of all domestic refineries, importation of 60 million litres of petrol daily and 40 days sufficiency from October 2018 to March 2019. The plan, […]
Read More The Minster of State for Petroleum, Dr Ibe Kachikwu, has said that it would be sad if the nation’s refineries are not functional by the end of 2019. According to him, the present administration is committed to ensuring that the importation of petroleum products is curtailed. Kachikwu stated this on Thursday in Ibigwe-Ohaji in Ohaji\Egbema […]
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The Nigeria Gas Association, NGA, said the country has reduced gas flaring from two billion cubit fit per day to 700 million cubits fit per day, indicating 65percent improvement in the last 10 years. The President, NGA, Dada Thomos, who made this known at a briefing to announce the fourth coming NGA International gas conference […]
Read More The Nigerian National Petroleum Corporation (NNPC) says it made a trade surplus of ₦18.12 billion in the month of May, higher than ₦17.16 billion in April 2018. The Corporation made the disclosure in a statement signed by its Spokesman, Mr Ndu Ughamadu in Abuja on Monday. He said details of the transactions was published in […]
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The Nigerian National Petroleum Corporation, NNPC, yesterday, described as misplaced and misleading, allegations by the Nigeria Police that it had recovered $470 million and ₦8 billion of the corporation’s Brass Liquefied Natural Gas, LNG, fund stashed in some commercial banks. The NNPC, in a statement by its Group General Manager, Group Public Affairs Division, Mr. […]
Read More The Nigerian National Petroleum Corporation, NNPC, yesterday, announced a trading surplus of N17.16 billion in its April 2018 financials. The NNPC, in a statement by its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, said this was an improvement of ₦5.43 billion, representing a 46.29 per cent increase on the trading surplus recorded […]
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