Nigerian National Petroleum Company (NNPC) Limited has signed four Memoranda of Understanding with national oil companies and relevant entities of five African countries on the Nigeria-Morocco Gas Pipeline Project. The five national oil companies and relevant entities are from Morocco, Cote d’Ivoire, Liberia, Benin, Guinea. The signing held at the headquarters of the Economic Community […]
The Nigeria-Morocco gas pipeline project, which is currently over 70 per cent in its Front-End Engineering Design (FEED) phase 2, will provide opportunity to monetize our abundant hydrocarbon resources, by expanding access to Energy to support economic growth, industrialization, and job creation across the African continent and other geographies said Dr. Mele Kolo Kyari, Group
Morocco-Nigeria Gas Pipeline Project will expand access to energy in North-West Africa Read More »
By Eyo Nsima The NNPC Limited said it concluded plans to stop crude oil swap contracts with traders as it plans pay cash for petrol imports, according to Reuters. Meanwhile, the National President of IPMAN, Elder Chinedu Okoronkwo, said his members will likely import the product in the coming months. Also, the Chief Executive Officer/ES,
JUST IN: NNPC winding down crude oil swap contracts — Kyari Read More »
By Godswill Odiong The Nigerian National Petroleum Company Ltd has instituted a legal action against Sahara Reporters over the publication of a misleading report on the reappointment of Mr Mele Kyari as the Group Chief Executive Officer and Umar Ajiya as the Chief Finance Officer. Sahara Reporters had in a report alleged inappropriateness of
NNPC debunks misleading Sahara Reporters Publication, takes legal action Read More »
Socio-economic growth prospects in Ajoki community, Edo State, have soared following the delivery of uninterrupted power supply to the community by Enageed Resource Limited, a Sahara Group upstream company and the Nigerian National Petroleum Corporation Limited (NNPCL) Available to tens of thousands of beneficiaries, the Enageed Resource Ajoki Gas-to-Power project generates a combined capacity of
NNPC, Sahara Group deliver 24-hour Electricity to Ajoki Community in Edo State Read More »
By Eyo Nsima NNPC Limited has taken over Oil Mining Leases, OMLs 123/124 & 126/137, operated by Addax Petroleum Development (Nigeria) Limited. In a statement obtained by The Daily, https://thedaily-ng.com, the Chief Corporate Communications Officer, Garba Deen Muhammad disclosed that the transfer was achieved three months after the execution of the Addax Transfer, Settlement, and Exit Agreement (ATSEA) for
OIL NNPCL signs deal with Addax to takes over blocks Read More »
In continuation of its oil exploration activities in the Country’s inland basins, the NNPC limited is set to spud the first oil well in Nassarawa state in March 2023. The Group Chief Executive Officer of the Company, Mallam Mele Kyari, who disclosed this when the Governor of the State Engr. Abdullahi Sule led a delegation
NNPC Set to Spud First Oil Well in Nassarawa State Read More »
The Audit report released by the Office of the Auditor-General for the Federation on export of crude oil did not indict the Nigerian National Petroleum Company Ltd as claimed in an online news report. An online publication had claimed in a news report that the NNPCL exported 17.877 million barrels of crude oil without proper
Audit Report false claims of NNPCL crude oil export without documentation Read More »
The Nigeria-Morocco Gas Pipeline Project (NMGP) has attained another milestone following the signing ceremony of a Memorandum of Understanding (MoU) on the Project by Nigeria, Morocco and five West African countries. During a ceremony held in the Moroccan capital, Rabat on Monday, Nigeria’s NNPC Ltd., Morocco’s ONHYM and the National Oil Companies and commercial entities
By Godswill Odiong Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (NNPC/CNL JV) has confirmed that $1.4 Billion financing has been secured to fund the NNPC/CNL JV infill drilling program (Project) between 2022 to 2026. The financing arrangement was executed on Wednesday, November 30, 2022.
NNPC/CNL Joint Venture secures $1.4B financing for infill drilling program Read More »
