In 13 Months, NNPC Generates $4.6bn From Crude Exports     The Nigerian National Petroleum Corporation on Sunday announced that it made $4.6bn as total crude oil and gas export receipts from June 2019 to June 2020. It also stated that the total crude oil and gas export...

FG Okays NNPC Oil, Gas Logistics Centre In A’Ibom — Sylva       Chief Timipre Sylva, the Minister of State for Petroleum Resources, said the Federal Government had approved the establishment of Nigeria National Petroleum Corporation (NNPC), oil and gas logistic Centre in Akwa Ibom. Sylva gave the...

Nigeria Spends N120bn Yearly On Idle Refineries — Petroleum Engrs       Citing the reports of the Nigerian National Petroleum Corporation, NNPC, the Society of Petroleum Engineers, SPE, Nigeria Council, has stated that Nigeria spends nothing less than N120 billion on its non-performing refineries annually. The group therefore...

Reps Probe NNPC’s $100m Insurance Policy On Non-existing Assets     An investigative hearing into the $100 million premium allegedly paid by Nigerian National Petroleum Corporation (NNPC) and Joint Ventures (JVs) for non-existing assets overseas as well as the implementation of insurance policies of other Ministries, Departments...

NNPC Rules Out Equity Sale, Reduces Debts In JV With Shell, Chevron, Others To $2bn       The Nigerian National Petroleum Corporation (NNPC) has backpedalled from selling its equity in oil assets because of low oil prices and general poor state of the industry. Group Managing Director, NNPC,...

NNPC Opens Bid For Depot, Pipelines Repair To Investors     The Nigerian National Petroleum Corporation has called on investors to bid for the repairs of pipelines and depots across the country. It made the call through its bid and tender notice published on its website on Wednesday. Most...