Crude Oil Cost: NNPC Sets Q4 2021 Target For $10/barrel     The Nigerian National Petroleum Corporation (NNPC), yesterday, disclosed that it plans to achieve a $10 per barrel cost of crude oil production by the fourth quarter of 2021. In a statement in Abuja, Chief Operating Officer,...

NNPC Begins Sale Of Petrol Online     NNPC said yesterday that it had deployed a sales and distribution application in the oil and gas secondary model portal that would enable marketers to buy petroleum products online. The corporation noted that the move was to minimise human contacts...

Oil Hits $40 As Nigeria Cuts Production By 216,000bpd   Global oil commodities gained in prices on Wednesday as Brent crude, the benchmark against which Nigeria’s crude is priced, rose to $40 per barrel for the time since March. Brent crude rose by 43 cents, or 1.1...

Marketers Identify Challenges In FG’s Petrol Price Review   Again promises given by the Federal Government to properly consult marketers of Premium Motor Spirit (PMS) otherwise called petrol before arriving at the monthly price review of the product, some marketers yesterday told The Guardian that the...

In Two Months, NNPC Records 74 Pipeline Breaches   The Nigerian National Petroleum Corporation (NNPC) lost over N20 billion due to 74 pipelines breaches by suspected crude oil thieves in January and February this year, the national oil company has said. Information obtained from the corporation also...

Price Crash: NNPC Targets $10 Oil Production Cost   The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group Managing Director of the NNPC,...