NNPC, Investors Disagree On Commercial Terms Over Refineries' Funding   After spending over one and half years negotiating with financiers for the revamp of Nigeria’s refineries, the Nigerian National Petroleum Corporation (NNPC) on Wednesday declared that it could not agree with the investors on the commercial...

NNPC Blocks Leakages Worth N307bn Yearly In Downstream Sector The Nigerian National Petroleum Corporation says it has blocked leakages in the country’s oil and gas downstream sector valued at $1bn (N307bn at the official exchange rate of N307 to a dollar) per annum. The corporation said...

Oil Industry Stakeholders Lament Refining, Regulatory Challenges Top on the worry list of stakeholders in the nation’s oil and gas industry are the uncertainty caused by the delay in the passage of the Petroleum Industry Bill and the lack of adequate refining capacity. After over 60...

NNPC Insists On December Deadline To End Petrol Import The Nigerian National Petroleum Corporation (NNPC) has indicated it will meet up with the December 2019 deadline proposed by the federal government to end the importation of refined petrol into Nigeria. The development is expected to pave...

Gas Flaring: NNPC Subsidiary, 22 Others Owe $49m Fines The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), and 22 other oil companies are yet to pay to remit $3,632,075 to the Federation as fines for flaring gas beyond...

Geometric Power, NNPC , Others Sign Fresh Gas Supply Agreement Geometric Power, Nigeria’s foremost indigenous independent power company, has signed a new agreement with the Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC), Total and Agip, who are joint venture partners for the...