NNPC loses N546b to failure of reforms in three years
Failure by the President Muhammadu Buhari-led administration to reform the oil and gas sector has pushed the Nigerian National Petroleum Corporation (NNPC)’s revenue loss to over N546 billion.
NNPC earns N1.554 trillion from oil export
Nigeria’s oil and gas sector recorded total revenue of $4.29billion (N1.554trillion) from exports between January 2017 and January 2018.On a monthly basis, total export sale of $439.60million was recorded in January 2018, representing 1.79 per cent lower than the previous month.
Baru, gas flaring and meaningless deadline
The seemingly interminable saga of gas flaring in Nigeria may at last be coming to an end. The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru made this claim at the 50th offshore Technology Conference (OTC) in Huston, Texas the other day.
NNPC to support PTD, NUPENG to boost fuel distribution
The Nigerian National Petroleum Corporation (NNPC) says it is ever ready to support unions in the sector to enhance the distribution of petroleum products across the country.A statement by Mr Ndu Ughamadu, NNPC Spokesman, said Group Managing Director of the Corporation, Dr Maikanti Baru...
NNPC now holds 14% of retail market
The Nigerian National Petroleum Corporation (NNPC) has said that its downstream subsidiary, NNPC Retail Limited, now holds 14 per cent of the market share of petroleum products retail business in Nigeria.
Why Nigeria cannot end gas flaring in 2020 – Experts
Experts have cautioned against undue optimism over the three-point strategy unfolded by the Federal Government to end gas flare by 2020, insisting that elusive strategies...
Nigeria announces policy to end gas flaring in two years
A three-point strategy announced yesterday by the Nigerian National Petroleum Corporation (NNPC), is targeting to bring an end to gas flaring in the next two years.
NNPC’s subsidiary to produce largest share of oil daily
Nigerian Petroleum Development Company (NPDC), a subsidy of the Nigerian National Petroleum Corporation (NNPC) will push daily production of crude oil to half a million barrels...