Crude Reserve'll Hit 40bn Barrels In 2023, Says NNPC   The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Tuesday, said significant progress had been made in the ongoing exploration of inland basins and that the target of growing the nation’s reserve...

Crude-For-Fuel-Swap Remains Until 2023 - Mele Kyari   The Nigerian National Petroleum Corporation (NNPC) is to maintain the current policy of swapping crude oil for petroleum products until 2023 to guarantee uninterrupted supply of petroleum products, its Group Managing Director of Mallam Mele Kyari, has said. According...

NNPC Spends Estimated N33.60 Per Litre To Subsidize Petrol   Yesterday, news filtered into the mainstream media that the Federal government spent a whooping sum of N650.1bn (US$1.8bn) in subsidizing petrol consumption between April 2018 and March 2019. According to the media sources, the statistics were...

In June, NNPC Reports $226m Oil Revenue Drop   Earnings from oil and gas production in June were down by 44.65 per cent, indicating a value reduction of about $226.38 million between May and June 2019, data from the Nigerian National Petroleum Corporation (NNPC) have shown. NNPC,...

NNPC, Total Partner To Grow Oil Reserves, Production   The Nigerian National Petroleum Corporation (NNPC) and Total Nigeria have agreed to work together to actualise the country’s aspiration of growing national oil reserves of 40 billion barrels. Group managing director of the NNPC, Mallam Mele Kyari, and...

NNPC Under-remitted N78bn To Federation Account, NEITI Says   The Nigeria Extractive Industries Transparency Initiative on Thursday announced that the Nigerian National Petroleum Corporation under-remitted N77.92bn to the Federation Account from domestic crude allocation in 2017. It disclosed this in its latest report on Nigeria’s share in...