JV Oil Assets Suffer As NNPC Slashes Funding
The nation’s oil and gas assets being developed through joint ventures between the Nigerian National Petroleum Corporation and private firms are suffering funding shortfall as cash call payment by the NNPC has hit a record low.
Amid the...
NNPC Targets 3million bpd Oil Production
The Nigerian National Petroleum Corporation, NNPC, said it targets to achieve 3million barrels per day, bpd, oil production in no distant time.
The Group Managing Director, NNPC, Mele Kyari stated this at a media parley organised for Energy Editors at...
The Many Shenanigans in Nigeria
By Enobong Udoh
This decade is about to end in a few weeks and surely Nigeria will start the next decade still as the country with most poor people. A check at the world poverty clock shows as the clock ticks...
PIB Passes Second Reading In The House Of Reps
Finally, the age-long Petroleum Industry Bill, PIB has passed second reading at the House of Representatives.
The PIB in many quarters appears to be the most politicized piece of legislation in Nigeria’s legislative history.
It was conceived by...
NNPC Petrol Sales Revenue Drops Despite Price Hike
The volume of petrol sold by the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, dropped in the first two consecutive months of price hike, latest data from the NNPC have shown.
The PPMC...
Refineries Gulped N81.41bn, Refined Zero Crude – NNPC
A total of N81.41bn was expended on Nigeria’s refineries between January and August this year but the facilities refined no drop of crude oil all through this period, latest data obtained from the Nigerian National Petroleum Corporation...
