OIL

…….By Victor Egbo…….The NNPC Limited wishes to inform the general public that the tightness in Premium Motor Spirit (PMS) supply witnessed in some filling stations in Lagos was as a result of an issue in one of the Depots in the area. The NNPC Retail Limited, our retail arm, has since resolved the issue and effective tomorrow, normalcy in supply ...

Today, TotalEnergies’ 100,000 employees in 120 countries worldwide are pleased and proud to celebrate the 100th anniversary of the Company’s creation. TotalEnergies’ 100-year shows footprints of outstanding development in oil, gas and energy in Nigeria. It is the story of the world and energy, from the 1920s to the present day. A bold and visionary decision On March 28, 1924, ...

The NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail stations nationwide. The company asserts that these reports are false and urges Nigerians to disregard them entirely. NNPC Ltd reaffirms its commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the ...

……..by Victor Egbo……… Group Chief Executive Officer of NNPC Ltd, Mr Mele Kyari, making a presentation at a conference organised by the Ministry of Finance Incorporated  (MOFI) on Public Wealth Management in Abuja… Tuesday. The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Mele Kyari, says no public wealth creation endeavour can achieve any ...

In what is a far-reaching and the first major judicial decision on the Petroleum Industry Act 2021 (“PIA”), the Nigerian Federal High Court has affirmed the power of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA or Authority) to impose and collect levies on petroleum products sold in Nigeria. In an action filed by IHS Nigeria Limited and INT ...

……by Victor Egbo…… The management of Dangote Petroleum Refinery has commenced registration of distributors for the lifting and distribution of refined petroleum products across the country. So far, members of three prominent associations that constitute 75 per cent of the total market in Nigeria have been registered. The associations are Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Independent ...

………..by Victor Egbo…………….. Major Oil Marketers Association of Nigeria (MOMAN) are discussing with the management of the Dangote Refinery on how to ease the challenges associated with products distribution. The Executive of MOMAN Clement Isong said the process has to be done very early to eliminate all possible hiccups that could arise when it is time to pick products. The ...

The Nigerian National Petroleum Company (NNPC) Ltd. assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. NNPC Ltd. urges Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price. Motorists nationwide are advised against engaging in panic buying, ...

Photo: GCEO NNPC Ltd, Mr. Mele Kyari (2nd from left) receives a plaque from the Senate President, Senator Godswill Akpabio during the NNPC Management’s visit to the Senate Leadership at the National Assembly Complex, in Abuja today. Standing on the Senate President’s left is the Deputy Senate President,  Senator Barau Jibrin and on the GCEO’s right is the Senate Majority ...

Photo: from Left Clement Isong, Tunji Oyebanji and Emeka Akabugo ….…..by Ben Ndubuwa….Operators of the downstream petroleum sector particularly oil marketers have again blamed the continues scarcity of foreign exchange to import petroleum products as the major challenge of their operations. This according to them is further acerbated by Nigeria National Petroleum Company limited (NNPC ltd) being the mojor importer ...