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NNPCL
Dr. Mustapha Abdullahi, the head of the ECN says Nigeria requires $4 billion to achieve complete green energy sustainability by 2050.
The Organization of the Petroleum Exporting Countries (OPEC) has advised the Nigerian National Petroleum Company Limited (NNPCL) to increase oil production in order to take part in the $14 trillion investment opportunity in the global oil market in the nearest future.
The Nigerian National Petroleum Company Limited (NNPCL) said that within the next ten years, the energy shortages plaguing the nation will be resolved.
The company said that the achievement was not just a practical demonstration of TotalEnergies’ commitment to deliver less carbon-intensive energy to its customers but aligns with the Nigerian government’s objective to foster a low carbon economy.
Mele Kyari lamented the low investment in Nigeria’s energy industry as that the country received less than 3% of total investment inflow.
NNPCL and the CBN have reached an agreement to establish specific boundaries governing the management of the oil firm’s revenue.
The Nigerian National Petroleum Company Limited (NNPCL) has again assured the public that it has no plan to increase the price of premium motor spirit (PMS), popularly known as petrol, in the market.
The Nigerian National Petroleum Company Limited (NNPCL), Africa’s largest oil company, aims to partner with the United States Department of State and global management consultancy firm Deloitte to address greenhouse gas emissions linked to OML 34.
Mele Kyari revealed that the company has destroyed more than 5,500 unauthorized refineries and almost 4,500 illegal pipeline connections in the past three years.
On Sunday, the Nigerian National Petroleum Company Limited announced its intention to utilize the $3.3 billion loan obtained from the African Export-Import Bank to meet its operational needs and pay upfront tax and royalties accruable to Nigeria.
The Nigeria National Petroleum Company Ltd has stated that there were 157 incidents of crude oil theft between December 30, 2023 and January 5, 2024 across the Niger Delta.
In a move aimed at boosting efficiency and productivity, the Nigerian National Petroleum Company Limited (NNPCL) is seeking to transfer the operations of the Port Harcourt Refinery to private entities.