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NNPC Aims to Produce 3 Million Barrels of Crude Oil Daily

NNPC Aims to Produce 3 Million Barrels of Crude Oil Daily The Nigerian National Petroleum Company Limited (NNPCL) is confident that it can increase crude oil production from 1.7 million barrels per day to 3 million, says Chief Corporate Communications Officer Olufemi Soneye. Speaking in Abuja...

Dangote Refinery and the Politics of Subsidy By Haroon Aremu

Dangote Refinery and the Politics of Subsidy  By Haroon Aremu Dangote Refinery and the Nigerian National Petroleum Corporation (NNPC), the two titans in Nigeria's oil sector, have become unwitting pawns in a high-stakes game of greed, corruption, and control that threatens to forever alter the landscape...

Marketers Plan to Purchase Petrol Directly from Dangote Refinery

Marketers Plan to Purchase Petrol Directly from Dangote Refinery Oil marketers are seeking to deal directly with the Dangote Petroleum Refinery instead of buying the company’s Premium Motor Spirit, popularly called petrol, from the Nigerian National Petroleum Company Limited. Dealers under the aegis of the Independent...

$6.8bn Debt: NNPC Admission Sparks Integrity Concerns

$6.8bn Debt: NNPC Admission Sparks Integrity Concerns   The Nigerian National Petroleum Company Limited (NNPCL) recently shocked many Nigerians when it admitted owing petrol suppliers. The masses were not surprised that the company was in debt; rather, they found it difficult to believe that after months...

NLC Blames FG Policy for NNPC, Dangote Price Disagreements

NLC Blames FG Policy for NNPC, Dangote Price Disagreements The President of the Nigeria Labour Congress, Joe Ajearo, has attributed the current uproar between the Nigeria National Petroleum Company Limited and the Dangote Petroleum Refinery to alleged government policy somersault and fraudulent moves by some...

New Production of Low-sulphur Crude Rises 996,070 barrels, Says FG

New Production of Low-sulphur Crude Rises 996,070 barrels, Says FG The Federal Government has revealed that daily average production of Utapate, Nigeria’s new low-sulphur crude oil grade, has risen to 32,000 barrels per day. It disclosed this in a report obtained on Wednesday from the Nigerian...