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NNPC News - Page 13

NNPCL Denies Inflating Fuel Subsidy Payments

Senate Queries NNPC Over Missing N102.6 billion Oil Sales

The Senate has disclosed that the Nigerian National Petroleum Corporation (NNPC) Limited failed to account for the N102.6 billion crude oil lifted to two refineries in Nigeria. According to the Senate Committee on Public Accounts, 8,399,017 barrels of crude oil were delivered

April 7, 2023

Business·Oil & Gas

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

In order to avert a hike in the price of Premium Motor Spirit (PMS), known as fuel, Nigerian National Petroleum Company (NNPC) Limited has increased the supply level to oil marketers. This was revealed by the National Public Relations Officer, the Independent

March 20, 2023

Business·Oil & Gas

Eroton Rejects NNPC’s Takeover Of Oilfield, MD Reveals Next Move

Eroton Exploration and Production Company Limited has sued Sahara and the Nigerian National Petroleum Company (NNPC) Limited over a breach of contract pertaining to the oilfield, Oil Mining License (OML) 18. Prime Business Africa previously reported that the NNPC removed Eroton as

March 16, 2023

Business·Oil & Gas

Eroton Loses Oilfield Asset To NNPC, Head Office Locked

Eroton Exploration and Production Limited has been removed as operator of the oil mining lease (OML) 18, which it co-owned with the Nigerian National Petroleum Company (NNPC) Limited. The NNPC, the major stakeholder in the oilfield, replaced Eroton Exploration with NNPC Eighteen

March 7, 2023

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

Oil Marketers Defy FG’s Fuel Price Tag, As NNPC Needs N4.27trn To Keep Price Low

Some members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) are still selling fuel above the government-agreed price. Prime Business Africa on Wednesday gathered that filling stations of independent oil marketers were selling fuel at a range between N300 and N330

February 9, 2023

Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

Business·Oil & Gas

Kyari Says Nigerians Experiencing Fuel Scarcity Because Petrol At Wrong Locations

The Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, said the reason Nigerians are experiencing fuel scarcity is that the product is in the wrong locations. Kyari said the 2022 flood in the country disrupted the supply

February 9, 2023

DSS warns Against Breakdown Of Law, Order After March 18 Polls

Business·Oil & Gas

DSS To Track Cross-border Fuel Smuggling, As 270 Filling Stations Shut Down

The Federal Government shut down over 270 filling stations amid scarcity of Premium Motor Spirit (PMS) and a hike in pump prices across several retailers. According to the government on Thursday, the petrol stations shut down were clamped down on for inflating

February 3, 2023

News·Oil & Gas

Fuels Scarcity: We’re Having Distribution Challenge – NNPCL GMD

Group Managing director, Nigeria National Petroleum Company Limited, Mele Kyari has said the challenges of distribution faced by marketers was responsible for the lingering fuel scarcity in the country. Kyari spoke on Thursday in Port Harcourt when the Minister of State, Petroleum,

January 6, 2023

Business·Oil & Gas

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

Nigerian National Petroleum Company (NNPC) Limited said it remitted earnings from the 17.877 million barrels of crude it exported contrary to allegations against the firm. According to several reports quoting the Auditor General of the Federation (AuGF), the oil corporation didn’t provide

January 6, 2023

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Oil & Gas

Crude Oil Production Rises, Nigeria Risk Losing $23 billion

Nigeria’s crude oil production has increased to 1.59 million barrels per day, according to the Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti. The figure provided by Wunti is above the 1.01 million barrels per day

December 12, 2022

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NNPC News - Page 13

Senate Queries NNPC Over Missing N102.6 billion Oil Sales

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

Eroton Rejects NNPC’s Takeover Of Oilfield, MD Reveals Next Move

Eroton Loses Oilfield Asset To NNPC, Head Office Locked

Oil Marketers Defy FG’s Fuel Price Tag, As NNPC Needs N4.27trn To Keep Price Low

Kyari Says Nigerians Experiencing Fuel Scarcity Because Petrol At Wrong Locations

DSS To Track Cross-border Fuel Smuggling, As 270 Filling Stations Shut Down

Fuels Scarcity: We’re Having Distribution Challenge – NNPCL GMD

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

Crude Oil Production Rises, Nigeria Risk Losing $23 billion

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