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NNPC, Tecnimont sign $1.5bn contract for PH refinery rehabilitation

…Critics will hike cost if given opportunity – Kyari By Obas Esiedesa Despite widespread opposition to the deal, the Nigerian National Petroleum Corporation, NNPC, on Tuesday signed the $1.5 billion

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Nigeria Lifted $33bn Crude, Condensates in One Year, NNPC Says

A cumulative volume of 734 million barrels of crude oil and condensates were lifted by all parties, including oil multinationals and the Nigerian Petroleum Development Company (NPDC) between October 2019

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NCDMB, NNPC, others seal pacts on methanol project

The Nigerian Content Development and Monitoring Board (NCDMB), Nigerian National Petroleum Corporation (NNPC), Brass Fertilizer and Petrochemical Company Limited… The post NCDMB, NNPC, others seal pacts on methanol project appeared

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NNPC’s insolvency crisis worry stakeholders

Financial experts have said that low profitability, threatens the operations of the Nigerian National Petroleum Corporation (NNPC) despite attempts to improve the institution’s transparency. The post NNPC’s insolvency crisis worry

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Nigeria Better-off Privatising NNPC, Refineries, Former Vice President Atiku Reiterates

A former Nigerian Vice President, Atiku Abubakar, has called on the federal government to sell off the country’s petroleum company and its refineries, saying the country is better off privatising

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NNPC Reduces Cash-call Debts to IOCs by $3.11bn

The Nigerian National Petroleum Corporation (NNPC) has so far paid a total of $3.118 billion cash-call debts owed the five major international oil companies (IOCs), leaving an outstanding debt of

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Refineries: A cautioning tale for ambitious revival

If Nigeria’s refineries were a private project, a fresh profitability analysis would certainly be required before an additional naira is released for the rehabilitation. The post Refineries: A cautioning tale

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Petrol: We will maintain current ex-depot price – NNPC

The Nigerian National Petroleum Corporation (NNPC) says  it will maintain the current ex-depot price of Premium Motor Spirit, also known as petrol, until the conclusion of ongoing engagement with the

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Breaking: NNPC to maintain ex-depot price despite N120bn monthly subsidy

By Obas Esiedesa The Nigerian National Petroleum Corporation (NNPC) on Friday said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing engagement

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NNPC records ₦24.19bn trading surplus in December ― Report

The Nigerian National Petroleum Corporation (NNPC) says it recorded an increase of ₦24.19billion trading surplus in December 2020, compared to the ₦13.43billion surplus recorded in November of the same year.