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Why Nigeria’s Oil, Gas Reserves Increased — Baru

The Nigerian National Petroleum Corporation (NNPC) has promised to continue to find sustainable solution to the challenge posed by insurgency in the Niger Delta. The corporation said it had created security management platforms that would enable it identify and evaluate risks, develop and superintend implementation...

NNPC Gets 30% Discount on Contracts After Renegotiations

The Nigerian National Petroleum Corporation has said it realised between five per cent and 30 per cent discounts on existing contracts after several renegotiations. According to the corporation, this arrangement has led to substantial savings for the national oil firm, thus helping to improve its overall...

Relief For Air Travellers As NNPC Floods Market with Aviation Fuel.

...Discharges 38.7million Litres In its bid to ensure a hitch-free air travel across the country during and after the yuletide period, the Nigerian National Petroleum Corporation (NNPC) has flooded the market with Aviation Turbine Kerosene (ATK) popularly called aviation fuel. The Group Managing Director of the...

Security: NPDC Loses N1.5tr to Attacks on Assets

The Nigerian Petroleum Development Company (NPDC), the exploration and production subsidiary of the Nigerian National Petroleum Corporation (NNPC), lost N1.5 trillion to attacks on its facilities from January till date. The Group Managing Director of NNPC, Dr Maikanti Baru, who disclosed this at the opening...

NNPC Proposes Revisions in Petroleum Industry Governance Bill

In a presentation at the Public hearing organized by the Joint Senate Committee on the Petroleum Industry Governance Bill, Group Managing Director of the NNPC, Dr. Maikanti Baru, said that though the Corporation is in support of the decision to present the Governance and...

NNPC Restates Commitment to Local Content

...As Baru Bags PETAN Distinguished Leadership Award The Nigerian National Petroleum Corporation has reiterated its commitment to comply with the nation’s local content laws so as to further strengthen in-country value addition in the oil and gas industry. Group Managing Director of the Corporation, Dr. Maikanti...