Nigeria’s Oil Deposit Down By 2.16% To 36 Barrels - NNPC       The Nigerian National Petroleum Corporation (NNPC) has disclosed that the volume of oil deposits Nigeria holds declined by 2.16 per cent between 2018 and 2019 and is now 36.89 barrels (bbls). While the country’s oil...

NNPC Reduces Debts To IOCs To $1.58bn, Pays Off Mobil       Out of about $4.6 billion negotiated joint venture (JV) oil production debt Nigeria was owing international oil companies (IOCs), about $3.02 billion has been paid by the Nigerian National Petroleum Corporation (NNPC), leaving about $1.58...

NNPC Says ANOH Gas Projects to Produce 600MSCFD Equivalent of 2.4GW of Electricity As part of concerted efforts to ramp up gas-to-industries and gas-to-power in the country, the Nigerian National Petroleum Corporation (NNPC) has revealed that the Asa North-Ohaji South (ANOH) gas project, one of...

339 Foreign, Local Firms Bid To Sell Nigeria’s Crude Oil Grades         At least 339 crude oil trading companies applied for the sale and purchase of Nigerian crude oil grades contracts spanning 2020 to 2022 by the close of the bidding process at noon yesterday. Last month,...