NNPC Buys From Dangote Refinery, Ends N24trn Fuel Import   The Nigerian National Petroleum Company Limited (NNPCL) has stopped importing refined petroleum products and is now off-taking fuel from the Dangote Petroleum Refinery and other local refineries. NNPC’s Group Chief Executive Officer, Mele Kyari, disclosed this on...

$6.8bn Debt: NNPC Admission Sparks Integrity Concerns   The Nigerian National Petroleum Company Limited (NNPCL) recently shocked many Nigerians when it admitted owing petrol suppliers. The masses were not surprised that the company was in debt; rather, they found it difficult to believe that after months...

Why Port Harcourt Refinery Operations Stall Despite Overhaul The Port Harcourt refinery has not formally commenced operations despite completing its overhaul for the production of petroleum products “in order to avoid a situation where the refinery produces for a few months and shuts down for...

Assets Conversion: NNPCL, Chevron Target 165,000 bpd by December In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd. and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have...

NNPCL May Halt Petrol Import As Depots Price Nears N1,000/Litre The pump prices of Premium Motor Spirit, popularly known as petrol, may rise above N1,000/litre in filling stations as the cost of the commodity in some private depots has been increased to between N920 and...

NNPC Refutes $6.8bn International Oil Debt Allegation The Nigerian National Petroleum Company (NNPC) Limited says it does not owe international oil traders $6.8 billion. Reports had said the company is indebted to international oil traders to the tune of $6.8 billon and that it has not...