NNPC Pegs 2022 Crude Oil Price At $57/barrel       The Nigerian National Petroleum Corporation on Wednesday provided a base crude oil price scenario in the medium term, stating that the commodity was pegged at $57/barrel for 2022. Group Managing Director, NNPC, Mele Kyari, who disclosed this in...

PIA: FG Can Sell NNPC Shares To Individuals, Says Kyari       There is provision in the Petroleum Industry Act that gives room for individuals to acquire stakes in the new Nigerian National Petroleum Company Limited, the Group Managing Director, NNPC, Mele Kyari, said on Tuesday. Kyari stated...

Host Communities To Get $500m Yearly From New PIB - Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday calmed frayed nerves among some indigenes of oil producing communities in the Niger Delta, maintaining that the three per...

Sacking, Redeployments Prepare Us For Unbundling - NNPC       The latest shakeup that led to the redeployments promotion and sacking of some senior management workers at the Nigerian National Petroleum Corporation was in preparation for the proposed unbundling of the oil firm, it was learnt on...

In One Month, NNPC Spends N492.05bn On Subsidy, Salaries, Other Expenses       Nigeria’s subsidy regime, salary and other operating revenue cost the Nigerian National Petroleum Corporation (NNPC) N492.05 billion in the month of April this year. Recall that the Group Managing Director of the Corporation, Mele Kyari...

NNPC Plans Policies To Guide Divesting IOC Partners     The Nigerian National Petroleum Corporation has said it would outline policies to guide partners (International Oil Companies) of the corporation who wish to divest from joint ventures or the Nigerian oil and gas industry. Shell had said in...