New Board Crucial to NNPCL's Transformation - Lokpobiri   Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri yesterday said the reconstitution of the board of Nigeria National Petroleum Company Limited (NNPCL) was a strategic decision towards further repositioning of the national oil company. Lokpobiri spoke...

Crude Shortage, Funding Woes Shut Down 7 Refineries, Experts Lament   The persistent unavailability of crude oil has significantly hindered investments in the establishment and full capacity operations of seven new and existing refineries across the country, local refiners stated on Thursday. They also warned that without...

‎Dangote to Stop Fuel Supply to Nigerian Market as Naira-for-crude Deal Stalls ‎Dangote Refinery will stop loading petroleum products for Nigerian market as the renegotiation of the naira-for-crude deal is not recording significant progress, TheCable understands. ‎However, sources said the refinery will continue to load for...

Marketers Predict N800/litre Petrol Sale as Import Cost Drops Major oil marketers in Nigeria have moved to offer a lower price against the gantry loading cost of N825 per litre set by Dangote Petroleum Refinery. This development followed a revelation by marketers that the landing cost...

FG Probes NNPCL, Oil Firms' $1.6bn Debt The House of Representatives Public Accounts Committee, on Tuesday, initiated an investigation into the outstanding debts owed to the Federation Account by the Nigerian National Petroleum Company Limited and oil companies. The investigative hearing, chaired by the sub-committee Chairman,...

NNPCL, JV Partner to Minimize Gas Flaring by 96%   The Nigerian National Petroleum Company Limited (NNPCL) has achieved a significant milestone in reducing gas flaring, announcing a remarkable 96% decrease at the Anyala (OML 83) and Madu (OML 85) fields. This notable accomplishment is the...