OML 143: NNPC, SEEPCO Sign Gas Development Agreement to Unlock 1.2TCF
The gas development and commercialization programme of the Nigerian National Petroleum Corporation (NNPC) received a boost Thursday with the execution of the Oil Mining Lease (OML) 143 Gas Development Agreement (GDA) by the NNPC...
NNPC Spends N1.53trn On JV Oil Assets, Priority Projects
The Nigerian National Petroleum Corporation spent a total of N1.53tn on oil and gas assets being developed through joint ventures with private firms as well as priority projects in 2020.
The NNPC, which represents the Federal Government...
Petrol Sells For N175/litre As Queues Reduce In Abuja
Filling stations, particularly those in some satellite towns of Abuja dispensed petrol at rates higher than the approved N165/litre price on Wednesday, as queues in the Federal Capital Territory gradually reduced.
Thousands of commuters had been left...
Petrol Landing Cost Hits N216, Daily Subsidy Now N4.64bn
The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has jumped to N216.31 per litre on the back of the recent increase in global oil prices and the depreciation of the naira against the...
We Are Working With Stakeholders To End Subsidy, Says Kyari
The Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, on Tuesday disclosed that the Federal Government is currently engaging with stakeholders on the process that will lead to the removal of subsidy on...
Refineries Record N5.4bn Deficit, As NNPC Lifts $407.15m Crude
Amidst controversy over the state of the nation’s refineries the latest report of the Nigerian National Petroleum Corporation, NNPC, has indicated that Nigeria’s three refineries guzzled a total of N5.86 billion in overhead expenses on zero...
