Another NNPC Ex-GMD Dies Within Three Months
The Nigerian National Petroleum Corporation on Monday announced the demise of its former Group Managing Director, Dr Joseph Dawha.
Dawha is the second ex-GMD of the national oil firm to have passed on in the last three months, as...
FG Moves To Reduce Oil Production Cost To $10
The Federal Government is working towards attaining a $10 per barrel production cost sealing in the oil and gas sector, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said.
Sylva, who stated this yesterday...
Reps Summon NNPC, NAPIMS, Others Over $16.5m Debt
The Nigeria National Petroleum Corporation (NNPC) and multi-national oil company, Agip, yesterday failed to appear before the House of Representatives Committee on Petroleum Upstream over an alleged failure of Agip to pay a $16.5 million debt to...
Nigeria To Deliver 5GW Of Electricity By 2022 - NNPC
With the kick-off of the construction of a number of gas projects, particularly some major pipelines, the Nigerian National Petroleum Corporation (NNPC), said it will deliver about 5GW or 5,000 megawatts power by 2022.
Since the...
NNPC Strikes $1.5bn Oil-for-loan Deal With Traders
The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal led by Standard Chartered and backed by two oil traders, Vitol Group and Matrix Energy, Reuters reported on Tuesday.
Quoting sources said to be close to the development,...
NNPC Officials Stole 48m Barrels Of Oil – Firm
An oil trading firm, Samano Sa De CV, has written a letter to the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, demanding five per cent reward for exposing the diversion and theft...
