Refineries Recorded N9.6bn Loss In January - NNPC   Nigeria’s refineries started their 2020 financial year with losses as they posted a cumulative operational deficit of N9.6bn in January. The Nigerian National Petroleum Corporation manages the country’s three refineries – the Kaduna Refining and Petrochemical Company, the...

NNPC Revises Crude Oil Prices Downward For May     The Nigerian National Petroleum Corporation (NNPC) has released its crude official selling prices (OSPs) for May, cutting values for all its grades from the decades-lows in April. According to a news report sourced from argusmedia.com, the state-owned oil...

NNPC Delays Oil Export Plans, Negotiates With Producers     The Nigerian National Petroleum Corporation has delayed publishing its future oil export plans as it negotiates with international oil companies and local players on how to cut output in line with a global deal on production curbs. The...

NNPC Earns $5.18bn from Oil, Gas Export   The Nigerian National Petroleum Corporation (NNPC) said Wednesday that the country exported oil and gas worth about $5.18 billion from January 2019 to January 2020. Nigeria also recorded crude oil and gas export sales revenue of $434.85 million in...

Oil Crash May Warrant Production Halt - NNPC   Nigeria has not stopped producing crude oil but a persistent crash in oil prices may lead to a halt in production, the Nigerian National Petroleum Corporation has declared. On Tuesday, global oil price benchmark, amid the demand collapse...

NNPC: No Cause For Worry Over Slump In US Oil Price   The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has said Nigeria has no cause to be apprehensive over the slump in the United States crude oil futures, saying...