NNPC, PTI to Deploy Anti-theft Systems on Pipelines The Nigerian National Petroleum Company Limited and the Petroleum Training Institute are to install anti-theft integrated monitoring systems on pipelines to monitor the facilities against crude oil theft. Nigeria has been losing billions of dollars for several years...

FG Pays IOCs $4bn, Secures Pipelines With N12.43bn   Latest figures from the national oil company on cash call arrears repayment indicated that the Federal Government, through NNPC, had so far paid $4.04bn to five of its joint venture international oil companies as at July 31,...

NNPC Spends N1.3trn On Pipelines, Others In 11 Months     The total amount so far spent this year by the Nigerian National Petroleum Company Limited on the Federal Government’s priority oil sector projects is $3.21bn (N1.322tn), data obtained from the NNPC on Thursday showed. It was also...

Abandoned Oil Depots, Pipelines, Rigs Constitute Security Threats – Reps   The House of Representatives ad hoc committee set up to investigate the current state and use of Federal Government’s property and assets has asked the Nigerian National Petroleum Corporation and its subsidiaries to provide a...

Refineries’ Rehab, Oil Search, Pipeline Gulp N21bn — NAPIMS       The National Petroleum Investment Management Services, NAPIMS, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, invested N21.47 billion to rehabilitate the nation’s refineries, the Nigeria-Morocco gas pipeline and oil search in the frontier basins, among...

Nigeria Lost N76bn Worth Of Crude To Pipeline Vandals In 2020         Nigeria lost at least 3.1 million barrels of crude worth about $200m (about N76.3 billion) in 2020 due to activities of pipeline vandals and crude oil thieves. This figure is contained in a report released...