By EMMANUELLA ANOKAM, News Agency of Nigeria (NAN) When the construction of the Dangote Petroleum Refinery Limited began in 2016, Nigerians were upbeat that it will crash the high price of Petroleum Motor Spirit (PMS), popularly known as fuel and also stop its importation. The refinery in size of...
nnpc limited
By OLA MODUPE, Lagos – The management of the Dangoteaan Refinery has debunked reports of a fixed petrol price of ₦600/litre, describing them as “speculative announcements” with no factual basis. The Group Chief Branding and Communications Officer, Dangote Industries Limited, Anthony Chiejina, disclosed this in a statement issued on...
The Senate has raised concern over 1.5 billion dollars approved in 2021 for the turn-around maintenance of the Port Harcourt Refinery with little or no result. Sen. Opeyemi Bamidele, Chairman, Senate Ad Hoc Committee to Investigate the Alleged Economic Sabotage in the Nigerian Petroleum Industry, raised the concern...
A coalition of 92 Civil Society Organisations (CSOs) on Wednesday urged President Bola Tinubu not to sack Malam Mele Kyari, Group Chief Executive Officer (GCEO), Nigerian National Petroleum Company Limited (NNPC Ltd.). The coalition under the Global Centre for Conscious Living Against Corruption (GCCLAC) made the plea through...
Np The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the introduction of Utapate crude oil blend, a new oil grade into the international crude oil market. The NNPC Ltd. said from Oil Mining Lease (OML) 13, fully operated by NEPL, NNPC Ltd’s upstream subsidiary, the Utapate crude...
Members of the House of Representatives, Reps Mukhtar Shagaya and Sesi Oluwaseun Whingan have disowned the inclusion of their names in an advertorial placed in some national dailies. The advertorial had called for caution in the ongoing probe by the joint committee on Petroleum Resources Midstream...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a fire incident on Akaso 4 Wellhead, operated by the NNPC 18 Operating Limited. Mrs Olaide Shonola, Head, Public Affairs and Corporate Communication, NUPRC made this known in a statement on Saturday. Shonola said that the NNPC 18 Operating...
Members of House of Representatives seem to be on a war path over the proposed probe of the operations of Nigeria National Petroleum Company Ltd. (NNPCL) under Mr Mele Kyari. A group of members of House on Saturday placed adverts in three national dailies, urging the Joint Committee...
The Chief of Naval Staff (CNS), Vice Adm. Emmanuel Ogalla, has said the Nigerian Navy arrested more than 35 ships involved in oil theft in the nation’s waters. Ogalla, who made this known during a meeting of Maritime Stakeholders on Tuesday in Abuja, said the apprehended vessels were...
The Federal Executive Council (FEC) has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other local refineries in naira and not in United States greenback. Federal Inland Revenue Service (FIRS) boss Zack Adedeji disclosed after a FEC meeting chaired by...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said the tightness in fuel supply and distribution is caused by a hitch in the discharge operations of a couple of vessels. Chief Corporate Communications Officer, NNPC Ltd., Mr Olufemi Soneye, made this known on Saturday in a statement...
Reps to investigate Dangote refinery, NMDPRA, NNPC rift The House of Representatives has said that it would investigate the ongoing spat between Dangote Petroleum Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The investigation would also include the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the...
Oando Plc has denied allegations linking the company and its executives to Raz Hansir Oil Terminal Ltd., a Maltese company purportedly involved in importing adulterated petroleum products into Nigeria. Oando Plc was alleged to operate an oil storage and blending facility, and purportedly responsible for importing adulterated petroleum...
The National Assembly has thrown its weight behind Nigeria National Petroleum Company (NNPC) Limited’s ongoing efforts to boost Nigeria’s crude oil production and grow its reserves. The efforts comprised stiffer consequences for crude oil thieves and vandals of the nation’s critical hydrocarbon infrastructure. This is contained in a...
The Chief of Defence Staff, Gen. Christopher Musa, and other security and intelligence chiefs say they have devised strategies to combat crude oil theft and pipeline vandalism in the Niger Delta. Musa disclosed this on Tuesday in Abuja at a press briefing shortly after a closed door meeting...
Africa’s richest man Aliko Dangote has said the Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and not a 20% stake as initially announced before the inauguration of the facility at the Lekki Free Trade Zone. Dangote, who made...
By MBAFAN ADE, Abuja – In yet another major step towards boosting nationwide gas supply to drive industrialization and economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) is set to deliver the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project. Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari,...
By JOY ADARA, Abuja – The Federal Government has highlighted the huge multiplier impact of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project on the nation’s economic growth and industrialisation. This was made known during the visit of three cabinet Ministers to the AKK Gas Pipeline Project Site where they inspected...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has executed a Project Development Agreement (PDA) with Golar LNG for the deployment of a Floating Liquefied Natural Gas (LNG) offshore Niger Delta, Nigeria. Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd. in a statement on Tuesday said the agreement was...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Thursday announced the signing of a settlement agreement facilitating the divestment of ExxonMobil’s stake in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc. This is coming two years after the divestment plan was announced. The NNPC Ltd., in...