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Tag: nigerian national petroleum corporation

NNPC Must Focus On Profitability, Value Creation, Operate At Par With Global Industry Peers, Buhari Tells New Board

President Muhammadu Buhari
President Muhammadu Buhari has mandated the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited, to ensure that the firm focuses on profitability and operates at par withRead More

With Rising Theft, Nigeria Records 193m Barrels Of Crude Oil Deficit In 11 Months

Crude oil
Produces 441m barrels of projected 635m crude Only 12 of country’s 53 oil rigs active At a projected 1.86 million barrels daily oil production in the country’s 2021 budget, NigeriaRead More

NNPC’s Monthly Deductions From FAAC Hit N200bn In December

Nigerian National Petroleum Corporation (NNPC)
Nine-month petrol subsidy payments gulp N1.027tn FG vows to tackle cooking gas price hike Says PIA will boost per capita consumption of the product The Nigerian National Petroleum Corporation (NNPC)Read More

NNPC Records N1.29trn Revenue Shortfall In Nine Months

Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) posted a revenue deficit of N1.29 trillion between January and September this year, latest data from the national oil company has shown. Despite itsRead More

NNPC-Chevron Venture Donates 186 Equipment To Ijaw, Itsekiri Cottage Hospitals

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Ltd Joint Venture (CNL)
The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Ltd Joint Venture (CNL) has donated an assortment of hospital equipment and pharmaceutical products to two cottage hospitals at Egbema-Gbaramatu KingdomRead More

OPEC+ May Stick To Planned Output Hike On Oil Price Rebound

Organisation of the Petroleum Exporting Countries (OPEC)
The Organisation of Petroleum Exporting Countries (OPEC) and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounceRead More

NNPC Fixes Base Oil Price For 2022 At $57, $61 for 2023

Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) yesterday projected a medium term base crude oil price scenario of $57 to a barrel for 2022; $61 for 2023 and $62 for 2024.Read More

NNPC Ventures, Shipping, Refineries, Lead In Corporation’s N56.1bn Loss In April

Nigerian National Petroleum Corporation (NNPC)
Oil records longest deficit run since 2019 Seven subsidiaries and business units of the Nigerian National Petroleum Corporation (NNPC) contributed a cumulative N56.177 billion to the national oil company’s totalRead More

Buhari: Nigeria’s $3bn Share Of Africa’s $75bn FDI Unacceptable

President Muhammadu Buhari
Report: foreign investment flow to Nigeria decreased 48.5% US: OPEC must pump more oil to cut prices President Muhammadu Buhari has said Nigeria’s low share of Foreign Direct Investment (FDI)Read More

OPEC: Nigeria May Be Hard-hit by Declining Investment In Oil Sector

Organisation of the Petroleum Exporting Countries (OPEC)
Urges the FG to diversify economy Cartel calls for deployment of tech to reduce carbon emissions The Organisation of Petroleum Exporting Countries (OPEC) yesterday warned that with declining investments inRead More