Refineries Lost N132bn Last Year - NNPC   The operating deficit recorded by the nation’s refineries rose by 39 per cent to N132.5bn in 2018, compared to the previous year, data from the Nigerian National Petroleum Corporation showed on Tuesday. The refineries posted a loss of N95.09bn...

NNPC Records N12.13bn Profit Growth The Nigerian National Petroleum Corporation has recorded a trading surplus of N12.13bn, the monthly financial and operations report of the firm for December 2018, which was released on Sunday in Abuja, has stated. According to the report, the profit by NNPC...

Buhari Orders NNPC To Take Over Operations OML 11 From Shell President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation to take over the operatorship of the entire Oil Mining Lease 11 from Shell Petroleum Development Company. According to a letter from State House, Abuja,...

Chevron, Dangote Fertiliser Sign Contract For Gas Supply   The Nigerian National Petroleum Corporation and Chevron Nigeria Limited have signed a Gas Sale and Aggregation Agreement with Dangote Fertiliser Limited and the Gas Aggregation Company of Nigeria Limited, which is the aggregator. Chevron disclosed this in a...

Patronize Our Shipping Firm, Baru Urges Partners   The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged partners involved in the Direct Sale Direct Purchase (DSDP) scheme of the corporation to patronize NIDAS Ltd, the NNPC shipping subsidiary, so...

NNPC To Punish Procurement Defaulters   The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Wednesday, warned the management and members of staff of the oil firm against any action that contravened the provisions of the Public Procurement Act in the...