PIB'll Address Production Sharing Contracts Issues On Gas, Says Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas.
Sylva made this...
NNPC To AuGF: We Spent N966bn On Pipeline Repairs
The Nigerian National Petroleum Corporation has explained that it spent N966bn to repair pipelines between 2010 and 2015.
NNPC stated this in response to the query raised in the 2016 report of the Auditor General for the...
Nigeria Loses N151.78bn Crude Oil Monthly – NNPC
Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on Wednesday.
Brent, the oil against which Nigeria’s crude is priced, was $66.75 per barrel on Wednesday, while the...
NNPC Cuts Losses In Four Refineries By 53%
The Nigerian National Petroleum Corporation, NNPC, has cut down losses by 53 per cent in the first 10 months of 2020, due to none production in the nation’s four refineries, according to data obtained from its October...
Reps Summon NNPC Chief Over N3.9bn Non-remittance
The House of Representatives Committee on Public Accounts is expecting the Group Managing Director, Nigerian National Petroleum Corporation, Mr Mele Kyari, to appear before it on Thursday over an audit query issued by the Office of the Auditor...
Audit Query: NNPC, Subsidiaries Must Appear Before Us - Reps
The House of Representatives’ Committee on Public Accounts has insisted that the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, and heads of 17 subsidiaries of the corporation must appear before it...
