Energy

The NNPC has effected a major shake-up to enable the corporation to live up to its expectations.

The Corporation says it was on the last stage of completing repairs which includes hydro testing.

The gas firm has been able to sell the excess supply at a discount in the spot market. 

This was disclosed by Petroleum Products Pricing Regulatory Agency (PPPRA) in a circular.

The entire $23 billion process will ship natural gas from Africa to the global markets.

The importation of petroleum products has remained a major financial burden to Nigeria.

Shell estimated its oil sales volumes in Q2 2020 to be between 3.5 million to 4.5 million barrels per day.

The National Assembly in conjunction with stakeholders have stopped the planned tariff hike scheduled for July 1

The project will boost domestic gas consumption, power generation, and industrialization.

The absence of a market reflective tariff had continued to have a negative impact on the sector.