NNPC Records $476.25m Crude Oil, Gas Export Receipts The Nigerian National Petroleum Corporation (NNPC) recorded total export receipts of $476.25m in December, 2017, from sale of crude oil and gas as against $201.11m in November, 2017. This is contained in the monthly NNPC Financial and Operations...

NNPC: Border Smugglers Hindering Nigerians From Enjoying Cheap Petrol   The Nigerian National Petroleum Corporation (NNPC) has stated that Nigerians are being denied the benefits of the government’s insistence on keeping the pump price of petrol at N145 per litres across service stations in country by...

We Reduced Cost Of Producing Barrel Of Oil To $20, Says NNPC The Nigerian National Petroleum Corporation (NNPC) Monday said its cost of producing a barrel of crude oil from Nigeria’s oil fields has further dropped to $20, adding that it was targeting to lower...

Petrol: Demand Hits 50 Million Litres Daily, NNPC Incurs N24bn Monthly As Subsidy The Nigerian National Petroleum Corporation on Sunday announced that it was spending N774m daily (about N23.99bn monthly) as subsidy on the 50 million litres of Premium Motor Spirit consumed across the country. Although...

NNPC Fast-Tracks Seven Critical Gas Projects To Boost Power Generation The Nigerian National Petroleum Corporation (NNPC) has identified Seven Critical Gas Development Projects (7CGDP) scheduled to deliver about 3.4billion standard cubic feet of gas per day on an accelerated basis to bridge a projected medium...

NNPC: Nigeria Now World’s Largest Fuel Importer   Nigeria is the only member country in the Organisation of Petroleum Exporting Countries (OPEC) that imports petrol and is currently the largest importer of Premium Motor Spirit (PMS) in the world, Group Managing Director of the Nigerian National...