Tag
NNPC
The Shell Petroleum Development Company (SPDC) has concluded plans to supply 100 million standard cubic feet of gas per day to the Dangote Fertiliser and Petrochemical Plant in Lekki, Lagos State.
NNPC Ltd has acquired a 20% stake in Dangote refinery for $2.76 billion through a $1.036 funding from Lekki Refinery Funding Limited.
The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited. Mele Kyari, has denied reports that the state-owned oil giant failed to remit some public funds into the federation account.
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Mele Kolo Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC) Limited to “promptly publish details of barrels of oil Nigeria produces and exports every day and the total amounts of revenues generated from oil since the removal of subsidy on petrol in May 2023.
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has announced that the ongoing rehabilitation of the Kaduna Refinery and Petrochemicals Company (KRPC) will be completed to commence operations by the fourth quarter of 2024.
The World Bank has projected that Nigeria’s crude oil production will recover between 2024 and 2025, however, the Bank also says that the expected recovery will still be below assigned quota figures from the Organization of Petroleum Exporting Countries (OPEC).
The National Economic Council (NEC) has affirmed that the $3 billion emergency loan-for-crude oil that was secured by the Nigerian National Petroleum Company (NNPC) Limited in August would be deployed to stabilize the naira
The NNPC/FIRST E&P OML83 & 85 Joint Venture, has inaugurated a Development Trust for its host communities in compliance with the Petroleum Industry Act 2021 mandate.
Seplat/NNPC E&P organized STEP, where more than 350 teachers from Edo and Delta States were equipped with valuable training.
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) has said that NNPC Retail made N18.4 billion in the first quarter of 2023, after acquiring OVH Energy in 2022.
NNPC Limited has disclosed that NAOC did not obtain its consent before announcing a deal to sell onshore oil assets to Oando PLC.
Fuel marketers in Nigeria are highlighting the potential for gasoline prices at fuel stations to increase as the value of the naira against the US dollar continues to decline.