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Tag: Dr. Maikanti Baru

NNPC seeks $51BN Investment in Gas Sector

The Nigerian National Petroleum Corporation (NNPC) has said about $51 billion investment opportunities currently exist in the midstream and downstream gas sector to achieve the growth phase in the Industry in Nigeria, according to a statement by Group General Manager, Group Public Affairs Division,NNPC,...

Revenue to Dip Further as NNPC Seeks to Use Royalties, Taxes to Fund JVs

In a move certain to raise eyebrows reminiscent of the outcry over the proposal on the sale of the country’s strategic oil and gas assets, the Nigerian National Petroleum Corporation (NNPC) has said that it is working on new modalities that would allow it...

NNPC GMD: No Plan to Increase Fuel Price

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said there is no plan to increase the price of petrol. Baru, who reluctantly answered only one question from the State House correspondents after he met with President Muhammadu Buhari...

Pipeline Vandalism: NNPC lost N51.3bn in 2015

The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, declared that the 2016 national budget was grossly impacted by the vandalism of crude oil pipelines in the Niger Delta region, resulting in a loss of N51.3bn. Baru also appealed to the military to...