$17bn undeclared crude: House c’ttee demands NNPC’s multiple accounts
ABUJA—THE House of Representatives Adhoc Committee investigating the $17 billion undeclared crude oil exported to global destinations, yesterday, directed Nigerian National Petroleum Corporation, NNPC, to provide details of all multiple accounts operated before the introduction of Treasury Single Account, TSA, by President Muhammadu Buhari’s administration.
NNPC faces probe over alleged unremitted N5.1trn
THE Senate is set to investigate the Nigerian National Petroleum Corporation, NNPC, over allegation of unremitted fuel subsidy to the tune of N5.1 trillion collected between 2006 and 2015.
NPDC’s Daily Crude Oil Production to Rise to 500,000b/d, Gas, 1500mmscf
The Nigerian National Petroleum Corporation, NNPC has expressed its commitment to grow the Nigerian Petroleum Development Company’s, NPDC, crude oil production to 500,000 barrels per day by 2020.
NNPC, PPMC revenue hit N1.3trn in 2016
SALE of petroleum products fetched the Nigerian National Petroleum Corporation, NNPC, and its subsidiary, the Products and Pipeline Marketing Company, PPMC, N1.309 trillion over a 12-month period, between January and December 2016.
NNPC lists steps to achieve 40 bbl reserve by 2020
THE Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has explained that the country needs an increment of at least 1billion barrels in reserves and half a million barrels in incremental production capacity per day year-on-year, for it to achieve the 40 billion barrels of crude oil reserves and meet the government’s 2020 production target of 4 million barrels per day.
NNPC secures N126m daily reduction in rig rate
The Nigerian National Petroleum Corporation, NNPC, Monday, said it had secured a $416,000 per day reduction, about N126.88 million daily, in its deep offshore rig-rate.
NNPC says subsidiary, IDSL, not responsible for pipeline explosion
The Nigerian National Petroleum Corporation (NNPC) has said that its subsidiary, Integrated Data Services Limited (IDSL), was not responsible for the pipeline explosion which occurred on Thursday in Rivers.
NNPC admits non-remittance of N23bn NESS fees
The Nigerian National Petroleum Corporation, NNPC, yesterday, admitted that it failed to remit N23.4 billion Nigerian Export Supervision Scheme, NESS, fees, chargeable on crude oil and gas exports since 2008.
NNPC raises February fuel import by 222,000 tonnes
The Nigerian National Petroleum Corporation, NNPC, yesterday, said it had increased the February supply of Premium Motor Spirit into the country for February by six cargoes, totaling 222,000 tonnes. The corporation said it had also raised trucks of kerosene and diesel to retail outlets across the country to 250 truckloads daily.
Kaduna Refinery loses N2.2bn to water pipeline vandals – NNPC
The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that its subsidiary, Kaduna Refining and Petrochemical Company, KRPC, was losing an average of N2.2 billion annually to illegal tapping of its raw water pipeline, running from Kaduna River.
NNPC to implement 12 business focus areas
THE Nigerian National Petroleum Corporation, NNPC, yesterday said it will implement a 12 Business Focus Area, BUFA, to instituionalise efficiency, profitability and growth.
NNPC, PPMC earn N1.14trn from petroleum products sale in 11months
The PPMC recorded N8.8 billion revenue from LPFO sales, representing 51.34 per cent of total special products sales
Niger begins payment of N490m benefits to 404 retirees
The Niger State Fire Service has confirmed an early morning fire outbreak at the NNPC depot in Suleja.
Delta host communities threaten to disrupt NNPC, NPDC operations
RESIDENTS of Ekogbene, Egrangbene, Abadama and Kalafiogbene communities, Burutu Local Government Area, Delta State, yesterday, threatened to disrupt operations of Nigerian Petroleum Development Company, NPDC, a subsidiary of Nigerian National Petroleum Corporation, NNPC, for allegedly lifting oil clandestinely from a divested oil well, OML 62, in their area.
GE Proposes Investment in Nigeria’s Three Refineries
General Electric, GE, a US multinational company, Tuesday in Abuja, proposed to invest in the nation’s three refineries located in Port Harcourt, Warri and Kaduna.
Ogbeifun tasks FG on resolution of N-Delta crisis
FORMER Nigerian National Petroleum Corporation, NNPC, Industrial Relations Manager and onetime President of Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Dr. Brown Ogbeifun, has called on the Federal Government to do everything possible to resolve the Niger Delta crisis.
