Tag Archives: NNPC

Indonesia, an emerging economy in South East Asia, has indicated interest to purchase more crude oil from the country, the Nigerian National Petroleum Corporation has said. The Indonesian Ambassador to Nigeria, Mr. Harry Purwanto, who stated this in Abuja when he paid a courtesy visit to the Group Managing Director, NNPC, Dr. Maikanti Baru, explained that his country’s President, Joko …

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The Nigerian National Petroleum Corporation (NNPC) and its partners in a new scheme are targeting a 285 per cent boost in domestic gas supply from 1.3 billion standard cubic feet per day (scf/d) to 5bn scf/d by 2020. The Group Managing Director of NNPC, Dr. Maikanti Kacalla Baru, said this Tuesday at the 7 Critical Gas Development Projects (7CGDP) stakeholders’ …

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The Nigerian National Petroleum Corporation has said it has engaged its joint venture partners, Chevron and Total, to build power plants in Obite and Agura. The Group Managing Director, NNPC, Dr. Maikanti Baru, stated this at the ongoing Offshore Technology Conference in Houston, Texas, United States. The GMD, who was represented by the Chief Operating Officer, Gas and Power, Mr. …

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The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, on Tuesday stated that oil production in the country had risen from 1.2 million barrels per day to two million barrels per day. Baru said this in an interview with State House correspondents after meeting behind closed doors with President Muhammadu Buhari at the Presidential Villa, Abuja. …

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Nigeria National Petroleum Corporation supplies the “most reliable and cheapest power’’ to Nigerians, Dr Maikanti Baru, the corporation’s Group Managing Director, has said. Baru made the statement in Houston on Monday while addressing newsmen on the sidelines of the 2017 Offshore Technology Conference. OTC is an annual conference of experts in the oil and gas sector. The conference is organised …

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The Nigerian National Petroleum Corporation (NNPC) has reiterated that it has no plans to increase the pump price of petrol. NNPC made the denial in a statement by Mr Ndu ughamadu, its Group General Manager, Group Public Affairs Division. The statement explained that the recent increase in bridging allowance to transporters from N6.20 to N7.20 per litre would not lead …

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The recent increase in the bridging allowance to transporters from N6.20 to N7.20 per litre will not lead to a rise in the pump price of Premium Motor Spirit, popularly known as petrol, from the prevailing N145 per litre, the Nigerian National Petroleum Corporation has said. Making the clarification in Abuja on Wednesday, the corporation’s Chief Operating Officer, Downstream, Mr. …

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The Supreme Court of the United Kingdom, in a unanimous judgment, has granted a reprieve to the Nigerian National Petroleum Corporation over a $100m bank guarantee in a case involving the corporation and a service company, IPCO (Nigeria) Limited. The reprieve, according to a statement by the corporation on Tuesday, was the latest in the protracted dispute arising from the …

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The Nigeria Extractive Industries Transparency Initiative on Tuesday called on the Federal Government to urgently recover the over $21.778bn and N316bn unremitted funds meant for the federation but allegedly held up by the Nigerian National Petroleum Corporation and its subsidiaries. It stated that if recovered, the funds could be used to finance the country’s Economic Recovery and Growth Plan, adding …

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The Nigerian National Petroleum Corporation has said its ongoing reform was geared towards transforming it from an oil and gas company into an integrated energy outfit with interest in power generation and transmission. It also stated that the country’s power transmission capacity was inadequate, adding that this was the major reason for the poor supply of electricity nationwide. The Group …

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