Crude Oil Export: NNPC To Renew Deal With Indonesia The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said the NNPC was ready to renew the trade contract with Indonesian national oil company, Pertamina, which expired last year. He has...

Nigeria, Morocco Set To Deliver Gas Pipeline In Record Time The Federal Government through the Nigerian National Petroleum Corporation and the Kingdom of Morocco have pledged to deliver on the gas pipeline bilateral agreement between Nigeria and the North African nation in record time. The NNPC’s...

On Fuel subsidy, Senate Summons NNPC Over 43 Modular Refineries   The Senate on Tuesday lamented the multi-billion dollar being paid by the Federal Government to subsidise refined petroleum products for Nigerians. The upper chamber has, therefore, mandated its petroleum committee to invite the Ministry of Petroleum...

NNPC Automates Sales Of Nigeria's Equity Oil Share   The Nigerian National Petroleum Corporation (NNPC) has disclosed that its management of transactions involving Nigeria's equity share of crude oil produced in the country has been automated to up to 98 per cent. It said with the development,...

NNPC Posts N6.33bn Profit In One Month   The Nigerian National Petroleum Corporation on Sunday announced a trading surplus of N6.33bn for the month of May, a figure which is 13 per cent higher than the N5.6bn surplus posted in the preceding month of April. Details of...

NNPC Awards Contracts For Crude-For-Fuel Swap The Nigerian National Petroleum Corporation has issued award letters for contracts to exchange crude oil for imported petroleum products, Reuters quoted sources familiar with the matter as saying. A total of 15 groupings, with at least 34 companies in total,...