Dr. Maikanti Baru
22 fuel-laden vessels berth Apapa ports this week
No fewer than 22 vessels laden with petroleum products are expected to berth at Lagos ports this week to boost fuel supply. The products, including Premium Motor Spirit (PMS) known as petrol, Automated Gas Oil (AGO) known as diesel, Jet A1 (Aviation fuel) and base oil are in 32 cargoes. Statistics released by the Nigerian…
NNPC extends crude-for-refined oil contracts, settles $5b cash-call arrears
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, said the corporation would continue to swap crude oil for refined petroleum products for the next six months in the face of obsolete refineries in the country.
NNPC to work with military in oil exploration in Chad Basin— Baru
The Nigerian National Petroleum Corporation (NNPC) says it will work closely with security agencies in its bid to resume oil exploration in the Chad Basin. The Group Managing Director of NNPC, Dr Maikanti Baru disclosed this on Tuesday in Kano at the 54th annual international Conference and exhibition of Nigeria Mining and Geosciences Society (NMGS).…
OPEC Secretary General arrives Nigeria on 4-day visit
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo has arrived in Nigeria on Sunday to begin a four-day working visit.
NNPC saves N153b from direct sale of crude, 128 firms bid for programme
The adoption of the direct-sale-direct-purchase (DSDP) programme for 800,000 crude oil barrels per day saved N152. 5 billion last year, the Nigerian National Petroleum Corporation (NNPC) has said.
NNPC targets 80 per cent refining capacity by 2018
The Nigerian National Petroleum Corporation (NNPC) said it plans to increase the capacity utilisation of its refineries to 60 per cent this year, and to 80 percent by the end of 2018, without giving further details.
FG records N2trn loss to militancy, pipeline vandalism
The Nigerian National Petroleum Corporation (NNPC) said from January 2016 till date, government lost 7 billion dollars (N2.1 trillion) to the activities of militancy groups and oil pipeline vandals in the Niger Delta region.
NNPC renews commitment to gas development
The Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC), Dr. Maikanti Baru has reaffirmed the Corporation’s commitment to the development of gas resources in Nigeria.