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NNPC hails Saudi Arabia crude oil output cut

NNPC hails Saudi Arabia crude oil output cut

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC),  Dr. Maikanti Baru, has commended Saudi Arabia for its recent decision to announce daily crude oil production cut by one million barrels per day from next month. Baru, who disclosed this while speaking at a Global Business Leaders Panel Session on the sidelines of the 21st Abu […]
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NNPC set to raise local market share

NNPC set to raise local market share

Chinwendu Obienyi To continue creating value addition by increasing its competitiveness in the global marketplace as well as to improve the management of the Nigerian national economy, the Nigerian National Petroleum Corporation (NNPC) has announced that it is set to go beyond its current market share of 14 per cent. Its Group Managing Director, Dr […]
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NEC, FAAC approve use of $1.05bn NLNG dividends  

NEC, FAAC approve use of $1.05bn NLNG dividends  

The National Economic Council (NEC) and Federation Accounts Allocation Committee (FAAC)  have approved the use of Nigeria Liquified Natural Gas dividends for financing petroleum products importation. A member of FAAC, who spoke to NAN on condition of anonymity, said that the Nigerian National Petroleum Corporation (NNPC) briefed the meetings before using the funds. He said […]
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Senate probes NNPC diversion of $1.05bn NLNG dividend

Senate probes NNPC diversion of $1.05bn NLNG dividend

The Majority Leader of the Senate, Sen. Ahmad Lawan, said the probe of the 1.05 billion dollar NLNG dividend fund should be left for the ad hoc committee Fred Itua, Abuja The Senate yesterday mandated its Committee on Gas Resources to investigate an alleged diversion of $1.05 billion by the Nigerian National Petroleum Corporation (NNPC). […]
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NNPC, British Petroleum sign petrol supply agreement

NNPC, British Petroleum sign petrol supply agreement

Group Managing Director of the NNPC Dr. Maikanti Baru said the six-month DSDP agreement will be executed through BP’s trading arm, BP Oil International Uche Usim, Abuja The Nigerian National Petroleum Corporation (NNPC) has signed a six-month crude-for-product deal with British Petroleum (BP) as part of efforts to guarantee supply of country’s Premium Motor Spirit […]
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NNPC, BP signs agreement on PMS

NNPC, BP signs agreement on PMS

As part of measures to sustain the robust supply of petroleum products across the country and especially going into the Yuletide period and beyond, the Nigerian National Petroleum Corporation (NNPC) has signed a six-month Direct Sale-Direct Purchase (DSDP) agreement with the British Petroleum’s (BP) trading arm, BP Oil International Ltd, for the supply of Premium […] …

NNPC says PH-Enugu pipelines vandalised 600 times in 2018

NNPC says PH-Enugu pipelines vandalised 600 times in 2018

NAN The Nigerian National Petroleum Corporation, says its system 2E Port Harcourt to Enugu pipeline network was vandalised over 600 times since the beginning of this year. The NNPC Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, disclosed this in an interview, with the News Agency of Nigeria (NAN) in Abuja on Friday. […]
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