We Begged People To Buy Oil At $9, Say Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, said buyers were begged to purchase the Nigerian crude oil at $9 per barrel in April.
The global oil benchmark, Brent crude, plunged...
Senate Lauds NNPC on Gas Projects, Financial Audit Report
The Senate Committee on Gas has commended the Nigerian National Petroleum Corporation (NNPC) on the various gas development projects it has undertaken, especially the Ajaokuta- Kaduna- Kano (AKK) gas pipeline project.
Speaking during the 2021 Budget Defense...
Crude Oil In Commercial Quantity Discovered In Benue Trough – NNPC
The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity.
It said Nigerian geologists were spearheading efforts in the discovery of the commodity in...
Nigeria To Resume Fuel Imports From Niger Republic
Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring country, Niger Republic.
The Ministry of Petroleum Resources announced on Thursday in a statement that the two countries signed a Memorandum...
NNPC Commits to Growing Nation’s Hydrocarbon Reserves to 40 billion barrels
The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country.
Group Managing Director of...
COVID-19 Pandemic Costs Oil Industry $1trn - Kyari
The COVID -19 cost the global oil and gas industry some losses totalling $1 trillion, according to Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) Mele Kyari.
He attributed the losses to the decline in demand for...
