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...
As part of the efforts ensure the full implementation of President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Company Limited (NNPCL) to sell crude oil to the Dangote Refinery and other local refineries in naira, Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, met with relevant stakeholders yesterday for the actualisation of the policy objective of the federal government.
To show their support to Mele Kyari, the Managing Director of NNPC Group, acoalition of 92 Civil Society Organizations (CSOs) are urging President Bola Tinubu to oppose initiatives that they claim are meant to diminish Kyari's contributions to the Nigerian economy.
