NNPC mulls performance-based pipeline protection system
In efforts to rid the nation of the menace of pipeline vandalism, the Nigerian National Petroleum Corporation (NNPC), yesterday, disclosed that a new performance-based pipeline protection system is being considered to address the situation.
NNPC picks 15 firms to supply Nigeria 14b litres of petrol
Fifteen local and international oil companies have been selected by the Nigerian National Petroleum Corporation (NNPC) to supply 14 billion litres of Premium Motor Spirit...
Nigeria to earn $10b from new oil financing deal
Nigeria is to earn over $10.2 billion in royalties and taxes from the development of Oil Mining Lease (OML) 13 in the next 15 years courtesy of a $3.15 billion Financing and Technical Services Agreement signed yesterday between the Nigerian Petroleum Development....
FG to supply 10% of India crude demands
The Nigerian National Petroleum Corporation (NNPC) says it will continue to supply 10 percent of India’s crude oil demand in the face of competing for the demand for the product from other countries.
NNPC says has no plans to relocate NGMC to Abuja
The Nigerian National Petroleum Corporation (NNPC) says it has no plans to relocate its Gas Marketing Subsidiary, Nigerian Gas Marketing Company Limited (NGMC), from Warri to Abuja.
Don’t sell petrol above N133.28 per litre, NNPC tells depot owners
The Nigerian National Petroleum Corporation (NNPC), yesterday warned depot owners and terminal operators not to sell Premium Motor Spirit (PMS) above N133.28k...
Why we gave pipeline protection contract to OMS, by NNPC
The Nigerian National Petroleum Corporation (NNPC) yesterday in Abuja defended it decision to award the contract for the protection of the 87-kilometre Trans Forcados Pipeline (TFP) to an indigenous firm, Ocean Marine Solutions (OMS).
NNPC to engage Presidency, stakeholders over N800 billion subsidy arrears
Nigerian National Petroleum Corporation (NNPC), yesterday said the corporation is currently engaging the Presidency, Ministry of Finance as well as oil marketers to ensure settlement of outstanding N800 billion subsidy debts. NNPC’s Group General Manager, Public Affairs Division, Ndu Ughamadu, told The Guardian that the Group Managing Director of the Corporation; Makanti Baru, was already handling the…