Buhari, Mele and Mungo Park, by Salisu Na'inna Dambatta   The word, "exploration," has put President Muhammadu Buhari, Mele Kolo Kyari, the Group Managing Director and Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Ltd and Mungo Park, the Scottish medical doctor, in a...

Oil Exploration: NNPCL To Boost Reserves To 50 Billion Barrels   The ongoing oil exploration in Nigeria’s frontier basins is to grow the country’s crude oil reserves from 37 billion barrels to 50 billion barrels, the Nigerian National Petroleum Company Limited (NNPCL) announced on Tuesday. NNPC also...

Fuel Consumption Rises to 80million litres Daily as Subsidy Skyrockets - Report The consumption of Premium Motor Spirit, popularly called petrol, has risen to about 80 million litres daily, pushing up subsidy on the commodity to an estimated N484bn monthly, according to latest figures from...

NNPCL Says Oil Production Now 1.6 Million Barrels Daily   The Nigerian National Petroleum Company Limited (NNPCL) on Monday, said Nigeria’s oil production had increased to 1.6 million barrels per day, a few millions short of the 1.8 million barrels per day quota allocated to Nigeria...

Warri, Kaduna Refineries Rehabilitation will Reduce Fuel Scarcity - NNPCL The Nigerian National Petroleum Company Limited says it will reduce fuel scarcity by rehabilitating three refineries in the country. NNPCL Executive Vice President, Danladi Inuwa, made this known during a workshop sensitisation programme with The Natives,...

NNPCL Projects Savings of N367bn from Local Refining Yearly  The Nigerian National Petroleum Company Limited has announced that the domestic refining of crude oil into Premium Motor Spirit, commonly called petrol, will save the country about N367.2bn annually. NNPC’s Group Chief Executive Officer, Mele Kyari, explained...