Tag
NNPC
The Nigeria National Petroleum Corporation (NNPC) Limited has announced the commencement of Liquefied Natural Gas (LNG) exports to the Asian markets of China and Japan.
The average daily crude oil production in Nigeria during the second quarter of 2024 has dropped from 1.5 million barrels per day (bpd) to 1.4 million bpd.
The Nigerian National Petroleum Corporation (NNPC) Limited has firmly refuted the claims that Oando Plc and its CEO, Wale Tinubu, holds a 49% stake in the acquisition deal involving its retail subsidiary and OVH Energy.
The Dangote Refinery, with a capacity of 650,000 barrels per day, is shifting its focus away from importing crude oil from the United States, as it expects to receive a greater supply from Nigeria, according to a report by Bloomberg.
The Independent Petroleum Marketers of Nigeria (IPMAN) has revealed that NNPC no longer supply them petroleum products directly for the past three years as they now source their petroleum from private depots at a premium price of about N850.
The Chief Financial Officer (CFO), of the Nigeria National Petroleum Company Ltd (NNPCL), Alhaji Umar Ajiya has disclosed that the government pays the company to sell PMS at half price of the landing cost- what he calls shortfall.
The Federal Government has announced that sales of crude oil to the Dangote Refinery in naira will begin on October 1, 2024.
Fuel scarcity has returned to major cities like Lagos and Abuja, with vehicles seen queuing at the few filling stations selling petrol on Sunday and Monday.
The Chief Communication Officer of the Nigerian National Petroleum Corporation (NNPC) Limited, Olufemi Soneye, has revealed that the national oil firm is the largest contributor to monthly tax revenue to federation account.
The Nigerian National Petroleum Corporation (NNPC) Limited has reiterated that it is not involved in any sabotage of the Dangote Refinery, highlighting its substantial investment of billions of naira in the plant.
Dangote Oil Refining Company (DORC) plans to divest a 12.75% stake in its refinery to new investors after the Nigerian National Petroleum Corporation (NNPC) Limited withdrew from fulfilling its obligations for a 20% acquisition of the refinery.
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Corporation (NNPC) Limited, Mr. Mele Kyari, has said the company is absolutely nothing to do with the importation of substandard petroleum products into Nigeria