The Nigerian National Petroleum Corporation (NNPC) has announced a ₦39.85billion trading surplus for the month of February 2021 representing a massive 314.24% leap from the ₦9.62billion surplus it recorded in January 2021. This is contained in the February 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by […]
NNPC records 314% increase in Trading Surplus in February Read More »
UPDATED: Port Harcourt Refinery Rehab: We Can’t Afford to Fail – NNPC The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians. A statement by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, quoted
UPDATED: Port Harcourt Refinery Rehab: We Can’t Afford to Fail – NNPC Read More »
Revenue Projection in Letter to AGF Not Reflection of Corporation’s Financial Standing, NNPC Clarifies …Pledges to Optimize Cost, Boost Remittance to FAAC The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the media pertains only to the
A group of petroleum tanker owners in Nigeria under the auspices of the Association of Distributors and Transporters of Petroleum Products (ADITOP) has commended the Nigerian National Petroleum Corporation (NNPC) for its unrelenting efforts to bring sanity into the downstream sector of the oil industry Speaking during a visit to the NNPC Towers Abuja, the
ADITOP hails NNPC’s Downstream strides Read More »
The gas development and commercialization programme of the Nigerian National Petroleum Corporation (NNPC) received a boost Thursday with the execution of the Oil Mining Lease (OML) 143 Gas Development Agreement (GDA) by the NNPC and its partner, Sterling Oil Exploration and Production Company (SEEPCO). A statement by the Group General Manager, Group Public Affairs Division,
OML 143: NNPC, SEEPCO Sign Gas Development Agreement to Unlock 1.2TCF Read More »
NNPC/CNL JV and EGCDF commission 11 projects in Delta State THE Egbema Gbaramatu Communities Development Foundation (EGCDF), a Community Based Organisation sponsored by the NNPC/Chevron Nigeria Limited (CNL) Joint Venture, together with the Delta state government, on April 15, 16, and 20, 2021 inaugurated 11 infrastructural projects in Egbema and Gbaramatu Kingdoms of Warri
NNPC/CNL JV and EGCDF commission 11 projects in Delta State Read More »
NNPC Records 37.21% Drop in Oil Pipeline Vandalism in January …Increases Gas Supply for Power Generation The Nigerian National Petroleum Corporation (NNPC) has announced a 37.21 % decrease in cases of pipeline vandalism across the country in the month of January 2021. This is contained in the January 2021 edition of the NNPC Monthly Financial
NNPC Records 37.21% Drop in Oil Pipeline Vandalism in January Read More »
NNPC assures Kebbi State of Commitment to Renewable Energy Project The Nigeria National Petroleum Corporation (NNPC) has restated its commitment to the partnership with the Government of Kebbi State for the production of biofuels, describing the project as viable and in tandem with the global transition to renewable energy. The Group Managing Director of
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NNPC, Tecnimont sign $1.5bn PH refinery rehabilitation contract The Nigerian National Petroleum Corporation, NNPC, has signed the $1.5 billion contract with the Italian firm, Tecnimont SpA for the complete rehabilitation of the Port Harcourt Refinery. Speaking at a contract signing ceremony in Abuja, NNPC Group Managing Director, Mallam Mele Kyari said: “Me and my colleagues
NNPC, Tecnimont sign $1.5bn PH refinery rehabilitation contract Read More »
$1.5 Billion for Turn-Around Maintenance, Not Solution for Nigeria Refinery Rehabilitation By Nosayame Osahon The Federal Government of Nigeria’s announcement on March 2021 to rehabilitate the Port Harcourt refinery for $1.5 billion has come under intense criticisms by environmental justice activists and accountability watchdogs in the extractive sector. The Minister of State for Petroleum, Timipre Sylva,
