Dangote Refinery may lead to the sale of NNPC refineries in the long run
Dangote Group’s, President and Chief Executive Officer, Aliko Dangote while speaking at the Nigerian National Petroleum Corporation (NNPC) headquarters; have said that 53% of Dangote refinery’s capacity upon its completion will be dedicated to petrol production.… Read More
NNPC now has a new GMD and a new acting Chairman.
The Nigerian National Petroleum Corporation (NNPC) recently had series of changes in its various management positions. The National Oil firm NNPC now has a new GMD and a new acting Chairman.
Nigeria’s President, Muhammadu Buhari recently appointed Mr. Mele … Read More
Seplat teams up with NNPC to improve gas production in Nigeria.
Seplat Petroleum Development Company recently announced that it is partnering with Nigeria National Petroleum Corporation (NNPC); to raise US$700 million for a gas development project.
The US$700 million is for a joint gas project in Imo state; which will … Read More
NNPC reduces its cash call arrears to JV partners by US$1.5 billion
The Nigerian National Petroleum Corporation (NNPC) via its group managing director Maikanti Baru; said it has repaid US$1.5 billion of the cash call arrears owed to its foreign oil partners. The director who made the statement at the … Read More
Nigeria’s NNPC will rehabilitate refineries to cut fuel imports
The Nigerian National Petroleum Corporation (NNPC) have come up with a strategy to end reliance on fuel imports in Nigeria. Recently NNPC stated plans to rehabilitate its refineries; this it also said will help save the country millions of dollar on … Read More
Ruwase warns about policy framework for the petroleum downstream segment of the oil and gas industry.
The President, Lagos Chamber of commerce and Industry Mr Babatunde Ruwase expressed the need to look into the policy framework for the petroleum downstream segment of the oil and gas industry.
In a … Read More
NNPC plans to expands its product supply and distribution by building more depots across the country.
The Nigerian National Petroleum Corporation (NNPC) has plan to open more depot across the country so as to expand their market shares. The aim of the project is to ease products supply and distribution … Read More
NNPC and Chevron sign agreement aimed at boosting reserves and production of crude in Nigeria.
The Nigerian National Petroleum Corporation ( NNPC ) and Chevron Nigeria Limited (CNL) have finalized an Alternative Financing Agreement to increase crude production by about 39,000 barrels per day. This report is according to a … Read More
NNPC project in Ondo state to create 1 million jobs.
A memorandum of Understanding between the Nigerian National Petroleum Corporation (NNPC) and the Ondo state government has just been recently signed. The MoU is to establish a 65,000 million litres bio-fuel plant in Okeluse, Ondo State.
The Group Managing Director … Read More
Nigerian National Petroleum Corporation (NNPC) boss on tension as Minster of State for Petroleum Resources expose illegal contract deal.
Mr Ibe Kachikwu, the Minster of State for Petroleum Resources, has given details to the presidency of some questionable dealings of the Group Managing Director of NNPC, Maikanti Baru.
Mr. Kachikwu … Read More