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NNPC Seeks $51BN Investment In Gas sector

The Nigerian National Petroleum Corporation (NNPC) has said about $51 billion investment opportunities exist today in the midstream and downstream gas sector to achieve the growth phase in the Industry in Nigeria. Group Managing Director of the NNPC, Dr. Maikanti Baru, made this disclosure while...

Is petrol still subsidized?

THE Minister of State for Petroleum, Dr. Ibe Kachikwu, informed newsmen in Abuja, on 17 December, 2015, that the Federal Government would focus on price modulation of petroleum products to ensure efficiency and regular supply of products; price modulation, according to the Minister, has...

Nigeria losses $7bn to NigerDelta Militancy this Year– NNPC

Nigerdelta; The Nigerian National Petroleum Corporation (NNPC) has said that from January 2016 till date, government lost $7bn, about N2.1tn, to the activities of militancy groups and oil pipeline vandals in the NigerDelta region. The Group Managing Director of NNPC, Dr Maikanti Baru, said this...

NNPC, Police Pledge Collaboration to Curb Attacks on Oil and Gas Facilities

The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Police Force (NPF) have pledged to work more closely together to tackle the incessant attacks on oil and gas facilities across the country. The two agencies made this commitment on Wednesday when the Group Managing Director...

China Fine-tunes Oil Deals with FG

·FEC to consider proposal on payment of cash call arrears ·NNPC: No plan to increase petrol price Nigeria and China on Tuesday began to put finishing touches to the multi-billion dollar oil deals both countries had initiated, and which will see Chinese firms invest heavily in...

No Plan to Increase Fuel Price-NNPC

...TUC vows to resist pump price hike The Nigerian National Petroleum Corporation has announced that there was no plan to increase the price of Premium Motor Spirit, popularly known as petrol. It stated that it had a robust supply arrangement to guarantee sustainable supply of the product...