NNPC

NNPC, Seplat sign agreements to supply 3.4bscfd of gas by 2020

The Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company (SPDC) have signed five agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020.
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Amidst NNPC’s recalcitrance

IN some oil-producing nations, we have seen some equipment that enable the authorities sit at Headquarters and monitor the movement of the least drop of oil from the wells to the Point of Sale, POS. That’s the first step.

FAAC: NNPC deducts N139bn for subsidy in 3 months

ABUJA—Nigerian National Petroleum Corporation, NNPC, deducted N139.333 billion as subsidy for Premium Motor Spirit, PMS, also known as petrol, from its domestic crude oil and gas sales proceeds between January and March 2018, cutting down on its remittances to the Federation Account.

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