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NNPC News - Page 7

NNPC Uncovers 122 Illegal Oil Refineries In Niger Delta, Seals Fuel Station

The Nigerian National Petroleum Company Limited (NNPC) has discovered 122 illegal oil refining sites across the Niger Delta region in the past week. This finding highlights the ongoing challenge of oil theft and vandalism in Nigeria. In a documentary released on Tuesday,

May 29, 2024

NNPC: Oil Production To Increase To 1.7mbpd Amid Infrastructure Challenges

Business·News·Oil & Gas

NNPC: Oil Production Nears 1.7mbpd Amid Infrastructure Challenges

In an engagement with stakeholders in Lagos, Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), highlighted strides towards enhancing Nigeria’s oil production. From April’s 1.28 million barrels per day, Kyari disclosed that production is steadily

May 20, 2024

Business·News·Oil & Gas

NNPC E&P, NOSL Begin Oil Production In Akwa Ibom OML 13, Target 40,000 bpd By Month End

NNPC E&P and Natural Oilfield Services Ltd, a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd. (SEEPCO), have begun oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State.

May 13, 2024

NNPC Seeks New $2 Billion Oil-Backed Loan To Boost Finances

Business·News·Oil & Gas

NNPC: Nigerian Govt Plans Fresh Audit On N2.7tn Fuel Subsidy Claims

The Nigerian National Petroleum Company Limited (NNPCL) is under scrutiny once again as the Federal Government gears up for an audit of the N2.8 trillion fuel subsidy claims. This move comes in the wake of previous audits that slashed initial claims from

May 9, 2024

Competition Sets In As NNPCL, Like Dangote Refinery, Slashes Petrol Price

Business·News·Oil & Gas

Fuel Scarcity: NNPC Warns Against Panic Buying, Reassures Sufficient Supply

The Nigerian National Petroleum Company Limited (NNPCL) has cautioned members of the public against engaging in panic buying of Premium Motor Spirit (PMS), also known as petrol, assuring that it now has sufficient stock that can meet supply needs for at least

May 7, 2024

Business·News·Oil & Gas

NECA Raises Concerns Over Impact Of Lingering Fuel Scarcity On Economy, Seeks FG’s Urgent Intervention

The Nigeria Employers’ Consultative Association (NECA), has called on the Federal Government to urgently intervene and address the lingering fuel scarcity, expressing concerns that it has created a significant negative impact on the economy. The Director General of NECA, Mr. Adewale-Smatt Oyerinde,

May 6, 2024

Business·News·Oil & Gas

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

The Nigeria National Petroleum Corporation (NNPC) has attributed the lingering fuel scarcity in the country to panic buying and sharp practices by some petroleum marketers. However, petroleum marketers have disagreed with the NNPC’s position, citing inadequate supply as a major reason for

May 4, 2024

Fuel Price Chaos: From N195 To N1,200 In Less Than 2years Amid Economic Hardship

Business·News·Oil & Gas

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Petrol queues, crowded bus stops, traffic, and hikes in transport fares have returned to most states in Nigeria, with residents resorting to buying petrol in jerrycans, fondly referred to as ‘kegs’ as black market prices soar towards N1000 per litre due to

April 30, 2024

Business·News·Oil & Gas

Why SERAP sues NNPC Over Failure To Account For $2.04 billion, N164 billion In Oil Revenues

The Socio-Economic Rights and Accountability Project (SERAP) is filing a lawsuit against the Nigerian National Petroleum Corporation (NNPC) over the company’s inability to clarify and account for the missing $2.04 billion and N164 billion alleged missing oil revenue. According to SERAP, the

April 28, 2024

Fuel Scarcity: Marketers Urge Sustained Emergency Supply As Stock Drops

Business·News

NNPC Attributes Fuel Scarcity To Logistics Issues

The Nigerian National Petroleum Company Limited (NNPC), claiming that its logistical problems had been rectified, has blamed the increasing scarcity of petrol in Abuja and surrounding states. On the ground, however, the reality is much different, with lengthy lines and arbitrary filling

April 26, 2024

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NNPC News - Page 7

NNPC Uncovers 122 Illegal Oil Refineries In Niger Delta, Seals Fuel Station

NNPC: Oil Production Nears 1.7mbpd Amid Infrastructure Challenges

NNPC E&P, NOSL Begin Oil Production In Akwa Ibom OML 13, Target 40,000 bpd By Month End

NNPC: Nigerian Govt Plans Fresh Audit On N2.7tn Fuel Subsidy Claims

Fuel Scarcity: NNPC Warns Against Panic Buying, Reassures Sufficient Supply

NECA Raises Concerns Over Impact Of Lingering Fuel Scarcity On Economy, Seeks FG’s Urgent Intervention

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Why SERAP sues NNPC Over Failure To Account For $2.04 billion, N164 billion In Oil Revenues

NNPC Attributes Fuel Scarcity To Logistics Issues

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NNPC News - Page 7

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