NNPC/FIRST E&P JV achieves in OMLs 83/85 – October 2020
The Nigerian National Petroleum Corporation (“NNPC”) and FIRST Exploration and Petroleum Development Company (“FIRST E&P”) Joint Venture is pleased to announce the commencement of oil production from the Anyala West field in Oil Mining Leases (OMLs) 83 & 85. OMLs 83 & 85 are in the shallow waters offshore Bayelsa State (Nigeria) where FIRST E&P […]
Kyari challenges NASS on petroleum sector policies
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Malam Mele Kyari says the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector. Kyari made this known in a statement issued by the Group General Manager, Group Public Affairs division, Dr Kennie Obateru, […]
Breaking: NARTO orders resumption of operations, as NNPC, DSS intervene
By Michael Eboh Nigerian Association of Road Transport Owners, NARTO, has ordered its members, comprising truck and tanker owners, across the country to resume operations, stating that the Federal Government has agreed to shift the implementation of the ban on trucks with 45,000-litre capacity to January 1, 2020. READ ALSO: General Buratai and his voyage […]
Cabal hijacked Subsidy regime — NNPC Boss
Says FG wastes over N10 trillion on Subsidy By Ibrahim HassanWuyo Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari, has said that over N10 trillion was spent on fuel subsidy between 2006 and 2020 without a significant impact on the masses. Also, the subsidy regime was affected by marketers who were smuggling […]
Private investors to finance rehab of NNPC’s downstream assets – Kyari
…NNPC to pay for use of pipelines By Michael Eboh The Nigerian National Petroleum Corporation, NNPC, weekend, disclosed that private investors would be engaged to finance the rehabilitation and replacement of its aging downstream assets across the country, especially petroleum pipelines. In a statement in Abuja, Group Managing Director of the NNPC, Mallam Mele Kyari, […]
NNPC trading surplus rises by 860% to N20.4bn in one month
By Michael Eboh The Nigerian National Petroleum Corporation, NNPC, Thursday, announced a trading surplus of N20.36 billion in July 2020, rising by 860 per cent from a surplus of N2.12 billion recorded in June. In a statement on its Monthly Financial and Operations Reports for July 2020, Group General Manager, Group Public Affairs Division of […]
