Crude Oil Production By NPDC Increases By 57,000bpd
Crude oil production by the Nigerian Petroleum Development Company (NPDC), the flagship subsidiary of the Nigerian National Petroleum Corporation, has increased by 57,000 barrels per day.
The NNPC, in its January 2019 news edition obtained in Abuja on...
‘Why It’s Difficult For NNPC To Raise Private Capital’
The Nigerian National Petroleum Corporation (NNPC) is finding it difficult to access funds from private investors to undertake most of its oil and gas operations because it is unable to show that it is transparent, efficient...
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...
