OIL

The NNPC Retail Ltd., one of the downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC),has clarified that all its filling stations across Nigeria were selling premium motor spirit (petrol)withinthe official price bandannounced by the Petroleum Products Pricing Regulatory Agency (PPPRA) for the month of April. The Corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, in a ...

The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to strategically put in place measures that wouldalleviate the cost of crude oil production in Nigeria to create market for Nigeria’s crude and make Nigeria a choice destination for Foreign Direct Investment. Group Managing Director of the NNPC, Mallam Mele Kyari, made this known at the Central Bank of Nigeria ...

Following the unveiling of its range of lubricants late last year, the NNPC Retail Ltd, one of the Downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), has commenced the roll-out of its Nitro and Rhino range of engine oils into the market. Group Managing Director of NNPC, Mallam Mele Kyari, disclosed this at the formal launch of the products ...

Dangote Fertiliser Limited has begun countdown to the inauguration of its $2 billion Granulated Urea Fertiliser  complex located in the Dangote Free Zone. With a capacity of 3 million tonnes per annum, the plant has been classified as the biggest project in the entire fertiliser  industry history in the World. Siapem of Italy is the Engineering, Procurement and Supervision (EP) ...

The Chief Executive Officer of Seplat Petroleum Development Company Plc, an indigenous oil and gas firm, Mr. Austin Avuru said the company remains committed to more asset acquisitions in the exploration and production space and to organic growth’ Avuru, who said this at the Nigerian Association of Petroleum Explorationists (NAPE) January Technical/Business Meeting on mergers, acquisitions and divestments in exploration ...

Oil producing states in the country received N50.279 billion as 13 percent derivation revenue in December, 2019, according to the Permanent Secretary, Ministry of Finance, Budget and National Planning, Alhaji Isa Dutse. Dutse disclosed this to newsmen in Abuja, but, did not give details as to the break-down of the derivation revenue according to the benefitting oil-producing states. He said ...

The Nigerian National Petroleum Corporation (NNPC) is to collaborate with stakeholders to protect pipelines facilities nationwide. This move according to NNPC has become imperative given the recent pipeline fire incident that occurred at Abule Egbe a suburb in Lagos. NNPC has therefore called on the support of traditional rulers and other stakeholders to curb oil theft which often time  to ...

… Records 81 Per cent Drop in Pipeline Vandalism The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.23billion in October 2019, representing an increase of 54 percent vis-à-vis the ₦8.59billion surplus posted in September last year. The NNPC, in a release signed by its Acting Group General Manager, Group Public Affairs Division, Mr. Samson Makoji, explained ...

As part of plans to guarantee energy security and stop petroleum products importation in the country, the Nigerian National Petroleum Corporation (NNPC) has kicked off the first phase of establishing the first condensate refinery in the country with a firm commitment to take the Final Investment Decision (FID) on it in July, 2020.  The Group Managing Director of the NNPC, ...

…Records 45,347 Pipeline Breaks in 18 Years The Nigerian National Petroleum Corporation (NNPC) has laid out steps to mitigate the ragging twin menace of pipeline vandalism and crude oil theft in the nation’s Oil and Gas Industry. Speaking Tuesday in Abuja at the inaugural Nigeria Extractive Industries Transparency Initiative (NEITI) Policy Dialogue, the Group Managing Director of the NNPC, Mallam ...