IPMAN Supports NNPC On Recovering Marketers’ Debts   The North West wing of the Independent Petroleum Marketers Association of Nigeria (IPMAN), said it supports the Nigerian National Petroleum Corporation (NNPC)’s move of not allocating petroleum products to any depot owner who fails to settle debts owed...

NNPC, Shell To Assess 35,000bpd OML 25 Damage   The joint venture partners in the 35,000 barrels per day Oil Mining Lease 25 are to evaluate the damage done on OML 25, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, has said. JV partners in...

NNPC Remittances Drop By N1.6trn In 5 Years   The remittances of the Nigerian National Petroleum Corporation to the Federation Account dropped by N1.59tn within a five-year period, figures contained in the latest report of the Nigeria Extractive Industries Transparency Initiative have shown. An analysis of NEITI’s...

Agip, Oando Get NNPC’s Stake In Three Oil Wells   The Nigerian National Petroleum Corporation on Wednesday signed an agreement with Nigeria Agip Oil Company and Oando for the transfer of NNPC’s stake in three oil wells. The wells include Oil Mining Lease 61, 62 and 63...

Bringing NNPC To Sustainable Profitability A 10-year review of the Nigerian National Petroleum Corporation has revealed an unprofitable national oil company evidenced by reports from BudGIT and the Nigerian Extractive Industries Transparency Initiative. These records prove that the NNPC’s activities have been over time deluged with...

New Hope Beckons On Nigeria’s Ailing Refineries   The Nigerian National Petroleum Corporation has set a 2022 date for its three refineries in Kaduna, Warri and Port Harcourt to come back fully to operation. The Nigerian National Petroleum Corporation (NNPC) has said that repair works on its...