By Obas Esiedesa The Nigerian National Petroleum Corporation, NNPC, on Friday reversed its decision to make zero contribution to the Federation Account Allocation Committee, in the month of May, due to high cost of petrol subsidy. The Corporation in a statement by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru explained that […]

By Sebastine Obasi Residents of Lagos, Nigeria will no longer grapple with the dearth of medical oxygen in the wake of the COVID-19 pandemic, as Total/NNPC and their partners, Sapetro, CNOOC, and Prime 130 have built a medical oxygen plant for the State. Commissioning the facility at the Gbagada General Hospital, Gbagada, Lagos, Governor Babajide […]

By Obas Esiedesa The Nigerian National Petroleum Corporation has warned that it would not make any remittance to the Federation Account Allocation Committee in the month of May after spending N111.966 billion to subsidy petrol consumption in March. NNPC’s Chief Financial Officer, Umar Isa in a letter to the Accountant General of the Federation explained […]

In 1998, the NNPC entered into a 20-year PSC (Production Sharing Contract) in respect of certain oil mining leases (OMLs) with Addax Petroleum, a company listed on the Toronto Stock Exchange (TSX). The PSC was subsequently extended for a further four years, until 2022. The assets were OMLs 123, 124, 126 and 137. Under the […]

By Obas Esiedesa The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari has pledged to work stakeholders to maintain sanity in the downstream sector of the oil and gas industry. Kyari, according to a statement by the Corporation on Friday, made the pledge during a meeting with the Association of […]

By Obas Esiedesa The Nigerian National Petroleum Corporation (NNPC) on Thursday signed a gas development agreement with Sterling Oil Exploration and Production Company (SEEPCO) for the execution of the Oil Mining Lease (OML) 143. NNPC’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, in a statement in Abuja disclosed that the project would […]

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has frowned at the re-emergence of petrol queue across the country, assuring that the situation will normalize in hours. Kyari gave the assurance when he addressed State House correspondents after giving an update on the petroleum sector to President Muhammadu Buhari at […]

By Udeme Akpan The increased smuggling of petrol across Nigeria’s borders has put pressure on the Nigerian National Petroleum Corporation, NNPC, to meet the national daily demand, currently estimated at 72.72 million litres. Investigation by Vanguard, weekend, showed that the smuggled product goes for between N300 and N500 per litre in Cameroun, Chad, Niger, and […]

By Obas Esiedesa Despite the rising price of crude oil in the international market, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has said that there will be no increase the ex- depot price of Premium Motor Spirit, Petrol, in the month of May. Kyari had last month disclosed […]

The Nigerian National Petroleum corporation (NNPC) says it will not increase the ex- depot price of Premium Motor spirit also known as petrol in May. The Group Managing Director, Malam Mele Kyari, made this known at the end of a closed door meeting with Petroleum Transport Drivers (PTD), National Association of Road Transporters Owners (NARTO) […]

…Increases gas supply for power generation By Sebastine Obasi There seems to be silver lining in the horizon as the Nigerian National Petroleum Corporation (NNPC) said it has recorded a 37.21 per cent decrease in cases of pipeline vandalism across the country in the month of January 2021. This is contained in the January 2021 […]

By Obas Esiedesa – Abuja The Nigerian National Petroleum Corporation (NNPC) has disclosed that it supplied 1.44 billion litres of Premium Motor Spirit, petrol, in the month of January 2021, amounting to an average daily supply of 46.30million. The January petrol consumption data is a marked difference from the currently projected figure of about 70 […]

By Udeme Akpan THE execution of the nation’s $2.8 billion Ajaokuta-Kaduna-Kano, AKK gas pipeline project was boosted, weekend, through the delivery of 96 pipes from Warri to Itakpe in Kogi state. The conveyance by rail was made possible through the efforts of the Nigerian National Petroleum Corporation, NNPC, a major stakeholder in the project. The […]

By Udeme Akpan THE execution of $2.8 billion Ajaokuta-Kaduna-Kano, AKK gas pipeline project was boosted, weekend, through the delivery of 96 pipes from Warri to Itakpe in Kogi state. The conveyance by rail was made possible through the efforts of the Nigerian National Petroleum Corporation, NNPC, a major stakeholder in the project. The Corporation, which […]

BY NDAHI MARAMA, MAIDUGURI The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Alhaji Mele Kyari has said that the corporation will partner with Borno State Government to establish Gas Power Plant following vandalization of national grid by insurgents which put the state almost three months into total blackout. Kyari who led a powerful delegation […]