DANGOTE REFINERY DEDICATES 53% OF CAPACITY TO PETROL PRODUCTION

DANGOTE REFINERY DEDICATES 53% OF CAPACITY TO PETROL PRODUCTION

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.…

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PRESIDENT BUHARI APPOINTS NEW NNPC GMD AND NNPC CHAIRMAN

PRESIDENT BUHARI APPOINTS NEW NNPC GMD AND NNPC CHAIRMAN

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 …

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SEPLAT PARTNERS WITH NNPC TO RAISE US$700m GAS DEVELOPMENT FUNDS

SEPLAT PARTNERS WITH NNPC TO RAISE US$700m GAS DEVELOPMENT FUNDS

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 …

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NNPC HAS PAID US$1.5bn CASH CALL ARREARS TO IOCs

NNPC HAS PAID US$1.5bn CASH CALL ARREARS TO IOCs

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 …

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NNPC’s STRATEGY TO CUT FUEL IMPORTS IN NIGERIA

NNPC’s STRATEGY TO CUT FUEL IMPORTS IN NIGERIA

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 …

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Lagos Chamber of Commerce and Industry request Petroleum Industry restrictions in Nigeria.

Lagos Chamber of Commerce and Industry request Petroleum Industry restrictions in Nigeria.

 

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 …

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NNPC PLANS TO BUILD MORE DEPOTS

NNPC PLANS TO BUILD MORE DEPOTS

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 …

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NNPC SIGNS US$1.7bn DEAL WITH CHEVRON TO INCREASE CRUDE PRODUCTION

NNPC SIGNS US$1.7bn DEAL WITH CHEVRON TO INCREASE CRUDE PRODUCTION

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 …

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NEW BIOFUEL PLANT IN SOUTH WEST NIGERIA TO GENERATE 1m JOBS

NEW BIOFUEL PLANT IN SOUTH WEST NIGERIA TO GENERATE 1m JOBS

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 …

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US$24BN SCANDAL HIT STATE OIL CORPORATION, NIGERIA

US$24BN SCANDAL HIT STATE OIL CORPORATION, NIGERIA

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 …

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