Refineries Process No Crude Oil In 3 Months   Refineries under the management of the Nigerian National Petroleum Corporation stayed dormant for three consecutive months as they processed no drop of crude oil, latest report on the operations of the facilities has shown. An analysis of the...

N1.6trn NNPC, Sovereign Wealth, Education, Funds Omitted In 2020 Budget   A total of N1.635 trillion key expenditure items captured in the 2020-2022 Medium Term Expenditure Framework (MTEF) are missing in the N10.594 trillion 2020 Budget recently passed by the National Assembly and assented to by...

Petrol Subsidy Now N47.5/litre As Oil Price Hits $67.86   The subsidy on Premium Motor Spirit, popularly known as petrol, has risen to N47.5 per litre as the expected open market price of the commodity hit N180.78 on Monday, latest data from the Petroleum Products Pricing...

NNPC, Chevron Execute Agreements Over Escravos Gas-to-Liquid Project The Nigerian National Petroleum Corporation (NNPC) and the Chevron Nigeria Limited (CNL) have executed agreements over the multi-billion dollars Escravos Gas-to-Liquid (EGTL) project. Speaking at a sign-off meeting in Abuja, the Group Managing Director of the corporation, Mele...

In One Month, Attacks On NNPC Oil Lines Rise By 18%   The Nigerian National Petroleum Corporation (NNPC) has disclosed that it recorded more breaks on its oil pipelines across the country in September, with 28 (or by 18%), compared with August, 2019. It stated that most...

Crude Oil, Gas Exports Hit $232.87m – NNPC   The Nigerian National Petroleum Corporation on Sunday announced that crude oil and gas export sales increased by 52.84 per cent to $355.93m in September 2019. NNPC’s crude oil and gas exports in September were $123.06m higher than the...