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 proposes hike in royalties, scrapping of incentives
The Nigerian National Petroleum Corporation, NNPC, yesterday, called for an increase in royalties across all categories in the Deep Offshore and Inland Basin Production Sharing Contract, PSC, in the petroleum industry.
NNPC refineries resume production of kerosene, diesel
The Nigerian National Petroleum Corporation’s three refineries in Kaduna, Port Harcourt and Warri have resumed production of Automotive Gas Oil (AGO) and Dual Purpose Kerosene (DPK), otherwise known as diesel and kerosene respectively.
NPDC clarifies oil revenue remittance to Federation account
The Nigerian Petroleum Development Company, NPDC, the upstream subsidiary Company of the Nigerian National Petroleum Corporation, NNPC, has provided clarification on the reported non-remittance of some crude oil revenue to the Federation Account.
FG directs NNPC to explore alternative energy sources
Worried by incessant attacks on oil installations, especially bursting of gas pipelines by the militants in the Niger Delta, the Federal Government has directed the management of Nigerian National Petroleum Corporation, NNPC, to explore alternative energy sources, with a view to addressing the problems of irregular power supply.
Oil marketers responsible for cooking gas, kerosene scarcity — NNPC
The Nigerian National Petroleum Corporation, NNPC, yesterday, blamed oil marketers in the country for the excruciating scarcity of kerosene and Liquefied Petroleum Gas, LPG, also known as cooking gas and the high price of the commodities across the country.
