In Nine Months, Refineries Lost N111bn - NNPC   The three refineries owned by the Federal Government lost a total of N111.27bn from January to September this year, the Nigerian National Petroleum Corporation said in its September report. The refineries posted a loss of N96.31bn in the...

NNPC, DPR, FIRS Illegally Deducted N1.5trn From Generated Revenue, Says Auditor-General   Out of the N6.4tn generated by revenue collection agencies in 2017, about N1.5tn was deducted and not remitted into the federation account in violation of the provisions of the Constitution. The Office of the Auditor-General...

NNPC Justifies Oil Search In New Frontiers   Group Managing Director, Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said that exploration in the frontier basins is crucial to the nation’s quest to increase its proven oil reserves to 40 billion barrels and daily production to...

NNPC Confirms Dec For $10bn NLNG Train-7 FID   The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the Final Investment Decision on $10bn Nigeria Liquefied Natural Gas Train-7 would be executed in December. He said this in Abuja while receiving...

NNPC, Chinese To Commence $2.8bn Abuja-Kano Pipeline Project   The Nigerian National Petroleum Corporation (NNPC), China Petroleum Pipeline Engineering Company Limited (CPPECL) and Brantex Consortium, would soon begin work on the Abuja-Kaduna- Kano pipeline, AKK project. The Group Managing Director of the NNPC, Mallam Mele Kyari, gave...

Zero Gas Flare Still A mirage As Nigeria Loses N243.23bn   Despite promising to bring an end to the practice of gas flaring, Nigeria’s flared natural gas hovers around 218.9 billion standard cubic feet, translating to N243.23 billion. Monthly industry statistics published by the Nigerian National Petroleum...