NNPC Archives - Page 9 of 21

NNPC Releases 2019 Audited Financial Statement, Reduces Loss By 99.7%

October 15, 2020 0

Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019.

Downstream Sector Deregulation Will Boost Investment In Refining – Kyari

October 6, 2020 0

The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity.

OML 143: NNPC, SEEPCO Sign Gas Development Deal

September 26, 2020 0

The Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO) have signed an agreement for the development and commercialization of gas from the Oil Mining Lease (OML) 143 that could help reduce gas flaring in the country.

Leakages: FG Takes Over Revenue Custody In NNPC, Customs, FIRS, NIMASA, Others

September 23, 2020 0

The federal government is set to take over direct custody of revenues generated by its key agencies as part of efforts to improve income generation and block leakages.

Unstable Fiscal Regime Stifling Nigerian Petroleum Industry – Kyari

September 22, 2020 0

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has said that the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector.

ICRC Commends NNPC For Transparent Public Bid Opening Processes

September 20, 2020 0

The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Engr. Chidi Izurah, has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) for totally driving a transparent bid opening processes for the rehabilitation of NNPC pipelines and its critical downstream infrastructure noting that NNPC is showing to the world that things could be done correctly such that would yield value for Nigerians.

NNPC’s Legal Team Bags Africa Arbitration Award

September 16, 2020 0

The Litigation Team of the Nigerian National Petroleum Corporation (NNPC) has won the Leading Case Counsel Team of the 2020 Africa Arbitration Awards.

NNPC Says Allegation Of AKK Contract Inflation Is Baseless, False, Malicious

September 8, 2020 0

The Nigerian National Petroleum Corporation (NNPC) has dismissed, in its entirety, the allegation that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was inflated to the tune of $1.527billion, describing the accusation by an online medium against the National Oil Company as false, baseless and unfounded.

NNPC Obtains Circa US$1B To Fund Upstream Operations Of NPDC

September 4, 2020 0

The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company (NPDC).

Kyari Lists Parametres To Sustainable Growth In Nigeria Petroleum Industry

August 25, 2020 0

For the Nigerian Petroleum Industry to move forward in the face of the COVID-19 pandemic, the Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mallam Mele Kyari, Tuesday, urged the Industry stakeholders to evolve innovative ways to reposition the Sector for sustainability.