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Seven die in NNPC explosion at Benin River Valve Station

The Nigerian National Petroleum Corporation (NNPC) has reported seven fatalities in an explosion incident which occurred at Gbetiokun, Oil Mining Lease (OML 40), operated by the Nigerian Petroleum Development Company (NPDC), its subsidiary. The corporation disclosed this in a statement signed by its spokesman Dr Kennie Obateru, in Abuja on Wednesday. NPDC operates the OML
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Sanitising NNPC’s oil swap regime

THE Nigerian National Petroleum Corporation (NNPC) recently cancelled crude oil swap contracts and Offshore Processing Contracts, which it entered into with traders under the previous administration of President Goodluck Jonathan. The Corporation in a statement also announced new measures aimed at cost reduction and strengthening of operational efficiency across its value chain

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