NNPC Shifts Fuel Subsidy Payment Burden To FG   The burden of fuel subsidy payment, a sore issue in the petroleum industry, has been shifted from the Nigerian National Petroleum Company (NNPC) Limited to the Federal Government. NNPC Limited Group Chief Executive Officer Mele Kyari said it...

IOCs To Remit N400bn Oil Debt For July – NNPC   Five international oil companies operating in Nigeria’s oil and gas sector are to remit an outstanding balance of about N400bn to the Federation Government through the Nigerian National Petroleum Company Limited this July. Figures on April...

Fuel Hits N250/litre In Abuja, Others, Queues Persist   Some filling stations in Lagos, Abuja, Niger and other states dispensed Premium Motor Spirit at between N200/litre to N250/litre on Sunday, higher than the government-approved retail price of N165/litre, as queues for the product extended to more...

NNPC to Establish Automotive Biofuel Refinery in Kogi The Nigerian National Petroleum Company (NNPC) has stepped up plans to establish a massive Automotive Biofuels Programme for Nigeria in Kogi state. As part of efforts to drive the process, the Kogi State Governor, Yahaya Bello, on Thursday...

Oil Firms Not Drilling Except NNPC - Kyari   The Group Managing Director, Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday announced that the decline in the funding of oil investments had virtually led to a halt in the drilling of crude oil by operators...

Cooking Gas: NNPC, Sahara To Construct Jetties To Boost Supply   The Nigerian National Petroleum Company Limited and Sahara Group, through their joint venture business, WAGL Energy Limited, are set to develop and construct jetties across West African countries to boost the supply and penetration of...