We’ve Reduced Loss By 99.7% To N1.7bn, Says NNPC         The Nigerian National Petroleum Corporation says it has achieved 99.7 per cent reduction in its loss profile from N803bn in 2018 to N1.7bn in 2019. The corporation published its 2018 Audited Financial Statement five months ago. The corporation’s...

NNPC Seeks Capacity Upgrade For Indigenous Operators       The Nigerian National Petroleum Corporation has said indigenous companies operating in the nation’s oil and gas sector must upscale their capacity for global competitiveness. The NNPC said this would help to achieve the target of reducing the cost of...

78 Firms Bid To Rehabilitate Pipelines, Depots – NNPC       The Nigerian National Petroleum Corporation on Sunday announced that 78 companies submitted virtual bids to rehabilitate its downstream pipelines, associated depots and terminal infrastructure through the finance, build, operate and transfer model. NNPC’s Group Managing Director, Mele...

NNPC To Support Deployment Of Gas Facilities     The Nigerian National Petroleum Corporation has pledged to support ongoing initiatives by the Federal Ministry of Petroleum Resources to provide alternate energy source to Nigerians. It said this would be through aggressive activation of Compressed Natural Gas refill stations...

NNPC Denies Inflating Ajaokuta-Kaduna-Kano Pipeline Contract       The Nigerian National Petroleum Corporation on Monday dismissed the allegation that the Ajaokuta-Kaduna-Kano gas pipeline project was inflated to the tune of $1.53bn. NNPC’s Group General Manager, Group Public Affairs, Kennie Obateru, said the corporation brought the accusation that the...

Oil Marketers Deny NNPC On N5.35bn Petrol Subsidy Payment       Oil marketers on Monday expressed surprise over the resurfacing of petrol subsidy in June 2020 as disclosed by the Nigerian National Petroleum Corporation in its latest operations report. According to marketers of petrol, the government had since...