NNPC Says Investors To Relocate Refinery From Turkey To Nigeria

The Nigerian National Petroleum Corporation has announced plans to establish a 100,000-barrels-per-day brownfield refinery each in Port Harcourt, Rivers State and in Warri, Delta State. It said the plan was part of its refinery collocation initiative designed to boost local refining capacity to end the era of petroleum products importation, adding that a group of […]

NNPC, Seplat Sign Pacts For More Gas By 2020

The Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company (SPDC) have signed five agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020. The project, Assa North and Ohaji South (ANOH) gas development scheme, is one of the seven Critical […]

Kachikwu Wants NLNG To Raise Capacity By 60%

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has challenged the Nigeria LNG Limited to expand its Liquefied Natural Gas production capacity to 40 million tonnes per annum over the next 30 years. He said this would enable the country to secure a significant share in the global LNG market, and help with […]

BARU GMD NNPC

NNPC Urges RMAFC To Help In Recovery Of Excess Revenues

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), as an independent arbiter, to ensure recovery of revenues borne by the corporation on behalf of the Federal Government. Baru, who spoke yesterday during a courtesy visit by the Acting Chairman of […]

NNPC Kick- Starts Seven Critical Gas Projects

A major stride in the attainment of national energy sufficiency was achieved in Lagos on Monday with the commencement of technical framing workshop and subsequent project signing ceremony of the seven Critical Gas Development Projects (7CGDP) to deliver about 3.4 billion standard cubic feet of gas per day (bscfd) to bridge the foreseen medium term […]

NNPC Must Remit N20b To Federation Account

As the controversy over alleged non-remittance of N20billion to the federation account by Nigerian National Petroleum Corporation (NNPC) continues, states on Saturday insisted the money must be remitted without further delays Chairman of the Finance Commissioners Forum, Mr. Mamood Yunusa, explained  in Abuja that the NNPC must pay fully. He said: “Based on all provable assumption parameters, […]

NNPC Loses N547bn In Three Years

The group monetary loss of the Nigerian National Petroleum Corporation for 2015, 2016 and 2017 is N547bn, the latest review of the oil firm’s financial and operations reports in the period has revealed. According to the review, which was done by the Nigeria Extractive Industries Transparency Initiative and released in Abuja on Sunday, the refineries […]

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NNPC To Approach NPA Board Over Accumulated 20 Years Debts

The Management of Nigerian National Petroleum Corporation (NNPC) may approach the Board of Nigerian Ports Authority (NPA)to seek soft landing on the payment of over 20 years legacy debts. Meanwhile, all debts owed the Nigerian Ports Authority (NPA) by the Nigerian National Petroleum Corporation (NNPC) between 2017 to date, amounting to about 2.1 Billion Naira […]

Police Apprehend Robbers, Pipeline Vandals

Folake Sokoya The Lagos State Police Command has arrested five pipeline vandals accused of tampering with NNPC pipeline at the Ekoro area of Abule-Egba. According to the state Commissioner of Police, CP Edgal Imohimi, the suspects were arrested based on information received and analysed by the intelligence arm of the command. The CP said that […]

NNPC Awards Oando Plc Engineering, Procurement And Construction Mandate To Develop Ajaokuta-Kaduna-Kano Gas Pipeline Project

A two party consortium consisting of Oando PLC (“Oando”), in conjunction with its midstream affiliate, Axxela Limited (“Axxela”) (formerly known as Oando Gas & Power) and Oilsery Limited, has been awarded the Engineering, Procurement, Construction (EPC) mandate for the Ajaokuta – Abuja portion (Lot 1) of the Ajaokuta-Kaduna-Kano Pipeline system (the “AKK Pipeline”) by the […]