IOCs Receive $1.5bn Cash Call Debt From NNPC
The Nigerian National Petroleum Corporation says it has reduced cash call arrears owed to international oil companies, its Joint Venture partners, by $1.5bn. The corporation has cash call arrears of $5.1bn.
Group Managing Director of NNPC, Dr Maikanti...
Refineries Revamp: We’re Open To External Financing - NNPC
The Nigerian National Petroleum Corporation has said it is still open to external financing for the rehabilitation of the nation’s ailing refineries.
After over a year of seeking offshore funding for the revamp of the refineries, the...
NNPC, MOMAN Strengthen Partnership On Petrol Supply
The Nigerian National Petroleum Corporation (NNPC) disclosed yesterday that has strengthened its partnership with oil marketers under the umbrella of Major Marketers Association of Nigeria (MOMAN) to ensure seamless supply of petroleum products across the country.
It explained in...
NNPC: Nigeria Lost N234bn To Gas Flaring In 2018
Oil and gas firms operating in the country flared a total of 282.08 billion standard cubic feet of natural gas in 2018, amounting to a potential loss of N234bn.
Data obtained by our correspondent from the Nigerian...
NNPC: FG Spent N1.83tn On JV Assets Last Year
Over half of the total revenue generated by the Federal Government from oil and gas sales last year was used for the payment of joint venture (JV) cash calls.
Cash call payment for the development of joint...
NNPC Unveils Guidelines For 2019 Crude Oil Swap Contract
The Nigerian National Petroleum Corporation (NNPC) Wednesday unveiled the guidelines for its crude oil-for-product swap programme, known as the Direct Sale and Direct Purchase (DSDP) scheme.
The corporation in a tweet message on its official twitter handle...
