NNPC Pegs 2022 Crude Oil Price At $57/barrel       The Nigerian National Petroleum Corporation on Wednesday provided a base crude oil price scenario in the medium term, stating that the commodity was pegged at $57/barrel for 2022. Group Managing Director, NNPC, Mele Kyari, who disclosed this in...

PIA: FG Can Sell NNPC Shares To Individuals, Says Kyari       There is provision in the Petroleum Industry Act that gives room for individuals to acquire stakes in the new Nigerian National Petroleum Company Limited, the Group Managing Director, NNPC, Mele Kyari, said on Tuesday. Kyari stated...

Refineries, Ventures, Shipping Led To N56.1bn Loss In April - NNPC       Seven subsidiaries and business units of the Nigerian National Petroleum Corporation (NNPC) contributed a cumulative N56.177 billion to the national oil company’s total losses in April this year, latest financial and operations data from...

Oil, Gas Exports Hit $1.6bn In One Year       The Nigerian National Petroleum Corporation (NNPC) exported oil and gas worth $1.61 billion between April 2020 and April 2021, latest information from the just-released full market and financial operations report from the national oil company has indicated. The...

NNPC, 2 Others Sign Contract for 50MW Maiduguri Emergency Power Project A significant step towards redeeming the pledge by the Nigerian National Petroleum Corporation (NNPC) to intervene in the perennial electric power supply challenge in Maiduguri, Borno State, was taken with the execution of the...

Host Communities To Get $500m Yearly From New PIB - Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday calmed frayed nerves among some indigenes of oil producing communities in the Niger Delta, maintaining that the three per...