NNPC, NLNG Sign Deal For $2.5bn Gas Supply   Nigerian National Petroleum Corporation (NNPC) and Nigeria Liquefied Natural Gas (NLNG) have sealed pact for upstream gas development projects to supply gas to NLNG train one to six. Urging shareholders to accelerate the production capacity of the company...

Poor Maintenance Culture Killed Nigeria’s Refineries – NNPC     The Nigerian National Petroleum Corporation has blamed the moribund state of the country’s refineries on lack of proper maintenance of its facilities over the years. Although the NNPC noted that Nigeria had one of the highest number of...

Russian Firm Plans Stake In Nigerian Oil Fields   Russia’s second-largest crude producer, LukOil, is finalising its investment decision towards acquiring stakes in Nigerian oil fields. This came as the Nigerian National Petroleum Corporation on Wednesday announced a 115 per cent increase in pipeline vandalism on its...

Oil Pipeline Vandalism Hits 115% In July — NNPC     The Nigerian National Petroleum Corporation has raised an alarm over the increasing menace of oil pipeline vandalism, which hit a record high of 228 pulverized points in July. The corporation disclosed this in its July Monthly Financial...

NNPC, Afrexim Bank Open Talks On Financing Refineries’ Repair   The Nigerian National Petroleum Corporation (NNPC) has commenced talks with the African Export and Import Bank (Afrexim Bank) on funding of the repair of the country’s refineries in Warri, Kaduna and Port Harcourt. This is just as...

NNPC To Commence Publication Of Petroleum Products’ Supplies   The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Tuesday said the oil firm was set to commence the publication of details of its petroleum products’ supplies. Beyond publishing the corporation’s monthly financial and...