Tag Archives: NNPC

… Says It Can Account for Every Barrel of Oil Sold in Nigeria The Nigerian National Petroleum Corporation (NNPC) has achieved 98 per cent automation of all transactions involving the supply, marketing and sale of the various grades and blends of Nigeria’s crude oil across the world. Group General Manager, Crude Oil Marketing Division of the Corporation, Malam Mele Kyari, stated …

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…As Niger Governor Applauds Baru’s Stewardship The recently approved contract for the construction of Ajaokuta-Abuja-Kaduna-Kano Gas Pipeline project, dubbed AKK Pipeline, has started yielding early benefits with the commitment by NNPC to build power generating plants with combined capacity of 4600 megawatts in Abuja, Kaduna and Kano States. The NNPC’s Group Managing Director, Dr. Maikanti Baru, who disclosed this during …

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The Senate committee on Finance on Tuesday recommended the liquidation of state-run oil firm, the Nigeria National Petroleum Corporation (NNPC) over huge funds unaccounted for. A member of the committee, Senator Yusuf Abubakar Yusuf, lamented financial leakages being perpetrated by revenue generating agencies as part of the reason why budgets are not properly funded. The lawmaker who spoke at the …

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…Fuel Queues Return To Lagos, Persist In Abuja, Others …As Oil Workers Begin Strike Today …Fuel Scarcity Ploy By FG To Hike Price–Fayose The Nigerian National Petroleum Corporation (NNPC) has assured motorists and other petroleum products consumers not to engage in panic buying. According to statement posted on its site, the Corporation said that relevant government agencies are in consultation …

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The Nigerian National Petroleum Corporation (NNPC) would continue to offer unflinching supports to indigenous private investors in the nation’s Oil & Gas Industry. Group Managing Director of the Corporation, Dr. Maikanti Baru, gave this assurance while speaking at the official commissioning of an ultra-modern 300 million-litre capacity tank farm built by a local private investor, Petrolex, at Ibefun, Ogun State. …

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In a bid to salvage the fuel supply and distribution challenges witnessed in some parts of the country due to panic buying from motorists, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru, Tuesday, cut short his trip to London. Dr. Baru, who was billed to receive the Forbes Oil & Gas Man of …

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…As NNPC Collaborate on Medicine, Manpower Development At a time that international crude oil market is getting more competitive, the Hungarian Government has indicated interest to purchase crude oil and Liquefied Natural Gas (LNG) from Nigeria. The Hungarian Ambassador to Nigeria, Professor Gabor Ternak, who disclosed this during a courtesy call on the Group Managing Director of the Nigerian National …

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The Federation Account Allocation Committee ( FAAC ) meeting was called off last Thursday over the non-remittance of about N1.78 trillion into the government’s coffers by the Nigerian National Petroleum Corporation ( NNPC ), The Nation has learnt. About N1.32trillion of the outstanding was unpaid by the NNPC during former President Goodluck Jonathan’s administration. The whereabouts of the cash remains unknown. Also, …

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The Nigerian National Petroleum Corporation (NNPC) says it has almost concluded discussion on the choice of a core investor for the proposed bio-fuel plant in Benue. The Group Managing Director of the corporation, Dr Maikanti Baru, said this in a statement issued by Mr Ndu Ughamadu, NNPC Group General Manager Public Affairs Division in Abuja on Sunday. Baru, after a …

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…As Parties Sign MoU on Biofuels As part of efforts to transform the Nigerian National Petroleum Corporation (NNPC) into an integrated energy company, the Corporation has signed a Memorandum of Understanding (MoU) with the Kebbi State Government to build an 84 million litres per annum capacity fuel-ethanol project. Speaking during the signing of the MoU between the NNPC and the …

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