NNPC Vows To Guarantee Energy Security For Nigeria The Nigerian National Petroleum Corporation (NNPC) has said it is set to leverage on the existing Direct-Sales-Direct-Purchase product supply arrangement to guarantee energy security for the nation. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC)...

Fed Govt Expends N851.4bn On JV Oil Assets The Federal Government, through the Nigerian National Petroleum Corporation, spent a total of N851.38bn ($2.79bn) on joint venture oil and gas assets in the first five months of 2019. The government has said it will reduce its stakes...

NNPC Warns  Violators Of Pipeline Right-of-Way …As Army Engineering Corps set to Demolish illegal Structures along Port Harcourt-Aba-Enugu-Makurdi Oil Pipeline Corridor The Nigerian National Petroleum Corporation (NNPC), has raised the red flag on what it termed ‘’flagrant and dangerous’’ violation of its pipeline right-of-way by some...

In 2 months, Fuel Subsidy Hits N206.6bn   Within a space of two months, the amount that was spent by the Nigerian National Petroleum Corporation in subsidising Premium Motor Spirit, popularly known as petrol, rose by over 1,174 per cent; latest figures obtained from the...

NNPC Suspends Cash Call Repayment To Italy’s Eni   The Nigerian National Petroleum Corporation (NNPC) has suspended cash call repayments to Italian oil major, Eni, for three months and did not plan to renew some of the firm’s asset licences. NNPC owes billions of dollars to international...

NNPC Targets $10.2bn Earnings From Financing Deal For OML 13 Nigerian National Petroleum Corporation (NNPC’s) resolve to increase the nation’s crude oil reserves and daily oil production to three million barrels per day (mbpd), may have received a boost with the signing of a $3.15billion...