Oil Marketers Demand Release Of N30.96trn Fuel From NNPCL   As the Nigerian National Petroleum Company Limited (NNPCL) hands-off the monopoly of petrol importation, petroleum marketers have demanded immediate release of their outstanding supplies of Premium Motor Spirit otherwise known as petrol worth N30.96 trillion by...

NNPCL Cuts Imports as Marketers' Cargoes Arrive in July The Federal Government, on Wednesday, confirmed that other oil marketers have joined in the importation of Premium Motor Spirit, popularly called petrol, following the recent removal of subsidy on the commodity. It revealed that about three mega...

IOC, NNPCL Discover Oil in OML 102 Nigeria’s oil and gas output may get a boost as the TotalEnergies EP Nigeria and the Nigerian National Petroleum Company Limited Joint Venture have reported oil discovery in offshore Oil Mining License 102. In a statement on Tuesday, the...

FG Approves Two Oil Export Terminal Licences to Generate $11bn The Federal Government has issued and signed licences for the establishment of two crude oil export terminals, capable of generating $11bn revenue annually for the country. It issued the licences through the Nigerian Midstream and Downstream...

OML34: Host Communities Threaten to Shut Down Operations Host communities of Oil Mining Lease 34 in Delta State have vowed to shut down operations over alleged ill-treatment by the management of NNPC E&P Limited and ND Western Ltd Joint Venture. This was contained in a statement...

Subsidy: NNPCL Issues New Price to Marketers The Nigerian National Petroleum Company Limited has issued a fresh circular to oil marketers on how much they will pay to get petroleum products. This came about two weeks after the Federal Government announced the removal of fuel subsidy. NNPCL...