President Bola Tinubu has approved the appointment of a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL) with effect from December 1,2023. In a statement issued by Ajuri Ngelali Special Adviser to the President on Media and Publicity, the President exercised his power in compliance …
Read More »NNPCL ends fuel import Dec 2024, projects N4.5tn revenue
The Nigerian National Petroleum Company Limited, on Thursday, said it would end the importation of refined petroleum products by December 2024 as all the country’s refineries would be operational by then. It also projected that the national oil firm would grow its revenue to N4.5tn at the end of 2023 …
Read More »Nigerian Oil Major Focuses On Condensates To Offset OPEC Cuts
The Nigerian National Petroleum Corporation has decided to focus its attention on condensates production to compensate for lost revenue from oil exports due to the country’s commitment to the OPEC+ production cut deal. Nigerian daily This Day quoted the managing director of the NNPC as laying out this plan, and noting a boost …
Read More »NNPC Focusing on Third Party Financing For Oil Projects– Official
The Nigerian National Petroleum Corporation on Tuesday said it was currently focusing on third party financing of oil and gas development projects. Group Managing Director, NNPC, Mele Kyari, said this while playing host to the Chairman, Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam. Kyari told his guest that there …
Read More »78 Companies Bid for Rehabilitation of Nigeria’s Decaying Oil Facilities
The Nigerian National Petroleum Corporation (NNPC) says 78 companies will bid for the rehabilitation of oil pipelines and depot infrastructure across the country. Over 300 companies applied through the official portal published in the national dailies on Aug. 7 and only 78 companies met the expiration time of noon on …
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