DPR Hands Over Revoked OML 98 Oil Asset To NNPC
The Department of Petroleum Resources (DPR) on Friday handed over operatorship of Oil Mining Licence (OML) 98 to the Nigerian Petroleum Development Company, NPDC, the upstream unit of the Nigeria National Petroleum Corporation (NNPC).
The transfer...
$60bn Claim Against IOCs Hard To Succeed – NNPC
The claim that international oil companies operating in Nigeria owe the Federal Government over $60bn with respect to Production Sharing Contracts is hard to succeed, a top executive at the Nigerian National Petroleum Corporation, has said.
The...
Pipeline Explosion: Group Files N3.215bn Suit Against NNPC
The N3.215 billion suit filed by a non-profit organization, Access to Justice (A2J), against the Nigeria National Corporation (NNPC) over the Ossisioma Ngwa pipeline explosion has been fixed for 25th February, 2020 for hearing.
No fewer than 88...
NNPC, US Agency Sign $1.16m Grant For New Abuja Power Plant
The Nigerian National Petroleum Corporation (NNPC) and the United States Trade and Development Agency (USTDA) have signed a $1.16 million grant as part funding for the NNPC-Abuja Independent Power Project (IPP) modelled to generate...
NNPC Has Over $20bn Assets - Kyari
The Nigerian National Petroleum Corporation has assets worth over $20bn, its Group Managing Director, Mr Mele Kyari, said on Monday, even as he decried the continued importation of petroleum products into the country.
Kyari said this at the at...
Pipeline: Vandalism Rose By 94% In November, Says NNPC
The Nigerian National Petroleum Corporation said on Sunday that it suffered a 94 per cent increase in willful hacking and destruction of its pipeline infrastructure across the country in November 2019.
The NNPC said in a statement...
