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NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC)
The National Engineering and Technical Company Limited (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has declared the sum of N6.75 billion as profit before tax for the year ended 31st December 2018.
The former Minister of States for Petroleum Resources, Dr. Ibe Kachikwu, has stated that one of the ways Nigeria can grow her crude oil reserves and increase oil production, is by ensuring that the country's refineries are in proper working condition.
No fewer than 223 investors from within and outside Nigeria have indicated interest in lifting the country's natural gas liquids, NGLs.
Depot-owners, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Marketers Association of Nigeria (DAPMAN), have voiced their displeasure at the new price regime on petrol, seeking to hike the product to N117 per litre from N111.
Niger Delta youths have threatened to disrupt activities in oil companies if the NNPC proceeds with the relocation of the NGMC, one of its subsidiaries.
The NNPC, Nigerian Customs Service, and the DPR have set up a committee to put an end to the smuggling of petroleum products across the country.
Some marketers of PMS in Lagos and Ogun state have began hoarding their supplies because of reported increase in the landing cost of the product.
Shell paid $6.397 billion to the Nigerian Govt as production entitlement and tax in 2018, from the Shell exploration and production companies in Nigeria.
IPMAN recently disclosed that the price of Premium Motor Spirit (petrol) might soon increase if depot owners continue to sell between N136.50 and N137 per litre.
The Nigerian National Petroleum Corporation (NNPC) has reported a trading surplus of ₦12.13 billion for December 2018.
The Nigerian National Petroleum Corporation ( NNPC ) said it had recovered assets worth over N771million from some...
The importation of refined petroleum products will decline in March 2019, even as Nigerians consume an average of 53.2m litres of PMS daily.