nnpc news

The push by the Management of the Nigerian National Petroleum Corporation (NNPC) to increase crude oil production and grow the nation’s revenue profile gained momentum with the closure of $875.75m alternative financing deal for the Nigerian Petroleum Development Company (NPDC) operated OML 65...

The nation’s refineries located in Port Harcourt, Warri and Kaduna will refine crude oil at optimum capacity come 2022, the Nigerian National Petroleum Corporation announced on Saturday night. NNPC’s Group Managing Director, Mele Kyari, who disclosed this during a facilities tour of the...

The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has signed a $876 million oil and gas deal with.... Read more via Thisdaylive – https://ift.tt/2AyOWCE Get more: Nigeria Business News

Nigeria has lost at least $1.35 billion to oil theft in the first half of 2019, Gov. Godwin Obaseki who heads a federal committee to check pipeline vandalism, said Thursday..... Read more via Premium Times Nigeria – https://ift.tt/2Odlfir Get more: Nigeria Business News

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclosed that the corporation has agreed to a $2.5 billion financing with a Chinese lender for pipeline project in Nigeria..... Read more via Thisdaylive Newspaper –...

A fire outbreak has engulfed the Ibadan NNPC depot, causing some serious commotion in the area. Accoding to Punch Metro, fire on Wednesday gutted the Apata Ibadan depot of the Nigeria National Petroleum Corporation..... Read more via Tori News – https://ift.tt/31aVkf4 Get more: Nigeria...

The Nigerian National Petroleum Corporation (NNPC) says it has robust supply of petroleum products that will sustain the country in the ember months and even beyond December..... Read more via Daily Post Nigeria – https://ift.tt/30Vs3ov Get more: Nigeria Business News

Yesterday, news filtered into the mainstream media that the Federal Government spent a whooping sum of N650.1 billion (US$1.8 billion) on subsidizing petrol consumption between April 2018 and March 2019. According to the media sources, the statistics were obtained from the Nigerian National …...

The Nigerian National Petroleum Corporation (NNPC) has commenced the massive redeployment of managers especially in its upstream industry exploration and production subsidiary, the Nigerian Petroleum Development Company Limited (NPDC). read more

Earnings from oil and gas production in June were down by 44.65 per cent, indicating a value reduction of about $226.38 million between May and June 2019, data from the Nigerian National Petroleum Corporation (NNPC) have shown. NNPC, in its … Read more via Thisdaylive – https://ift.tt/2lRcH4V...

The Nigerian National Petroleum Corporation (NNPC) made N2.012 billion revenues on its ailing refineries and expended N19.433 billion on the same assets in one month.... Read more via Newtelegraph – https://ift.tt/30KJB6A Get more: Nigeria Business News

The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it recorded a 77 per cent rise in cases of oil pipeline vandalism on its network of pipeline infrastructure across the country in June..... Read more via Thisdaylive – https://ift.tt/2HqHj53 Get more: Nigeria...

The Shell Petroleum Development Company (SPDC) Joint Venture, Shell Nigeria Exploration and Production Company (SNEPCo) and its co-venture partners have contributed $2 billion to the Niger Delta Development Commission (NDDC)..... Read more via Naijabizcom – https://ift.tt/30vxRoq Get more...

The Nigeria Extractive Industries Transparency Initiative, NEITI, today, stated that the Nigerian National Petroleum Corporation, NNPC, is claiming that it is owed N797 billion by Nigeria, comprising the Federal, State and Local Governments... Read more via Vanguard News –...

The Nigerian National Petroleum Corporation (NNPC) has announced 15 companies as winners of its 2019/2020 Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement. The announcement was made via a press release on Sunday by the Corporation’s Group General Manager...

Chinese investments in the oil and gas industry of Nigeria have reached $16 billion, according to a senior official at the Nigerian National Petroleum Corporation, but the industry needs even more to advance its production growth agenda. Vanguard quotes NNPC’s Group Managing Director Malla...

The House of Representatives has summoned heads of four government agencies to appear before it, Igbere TV reports. The agencies include the Central Bank of Nigeria (CBN), Nigeria National Petroleum Coperation (NNPC), Department of State Services (DSS) and the Nigerian Customs. The decision...

The investments are majorly made through China National Offshore Oil Corporation (CNOOC), which began its operations in the country in 2005. Vice President, CNOOC, Mr. Lu Yan Ji, … Read more via Newtelegraph – https://ift.tt/2Ml4Rwd Get more: Nigeria Business News

Popular Comedian, Alibaba has reacted to President Muhammadu Buhari’s warning to the Central Bank of Nigeria, CBN, to stop providing foreign exchange for importation of food into the country.... Read more via Daily Post Nigeria – https://ift.tt/2Z3u3NX Get More Nigeria Metro News

Nigeria will not break its commitment to the oil production adjustments agreed upon under the Declaration of Cooperation (DoC) between member countries of the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC countries at their last ministerial meeting on July 2, 2019, the...