NNPC legal team saves Nigeria $5.04bn in four court victories
By Michael Eboh The Nigerian National Petroleum Corporation, NNPC, Wednesday, disclosed that its legal team won four major court cases bordering on disputes surrounding oil wells and export terminals that helped the country saved Nigeria N5.04 billion. In a statement in Abuja, Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, […]
NNPC rules out equity sale, reduces debts in JV with Shell, Chevron, others to $2bn
THE Nigerian National Petroleum Corporation (NNPC) has backpedalled from selling its equity in oil assets because of low oil prices and general poor state of the industry.
NNPC spent N36bn on pipeline repairs, N8bn petrol stolen in 5 months
Unending vandalisation of oil and gas assets and petroleum products theft continue to impact the country negatively, as the Nigerian National Petroleum Corporation, NNPC, weekend, disclosed that it spent N35.74 billion on pipeline repairs and management in five months, between January and May 2020
NNPC, PSC partners end dispute over $2.3bn oil assets’ acquisition
By Michael Eboh Nigerian National Petroleum Corporation (NNPC), on Saturday, said it has signed an agreement with its partners in Oil Mining Lease, OML, 130, China National Offshore Oil Company (CNOOC) and South Atlantic Petroleum (SAPETRO), to settle all outstanding fiscal issues surrounding the development of the oil assets which had lingered since 2006. In […]
Indifference in Ekiti as new fuel pump price takes effect
By Rotimi Ojomoyela – Ado-Ekiti Despite the increment in the fuel pump price from N143 to N150 in all the filing station across Ekiti, except the NNPC mega stations which adjusted its price to N147, there appeared to be calmness among the generality of the populace. It appeared the citizens have decided to take the […]
New Fuel Price: N3:80 Sets NNPC, PPPRA, Marketers on collision course — Stakeholder
Barring last-minute interventions from the Presidency over the new adjustment in the prices of petroleum products in the country, the Nigerian National Petroleum Corporation, Petroleum Products Pricing Regulating Agency and Petroleum marketers are set on a collision course that is likely to affect the distribution of products in the country.
