Main Menu

Tag: nnpc

NNPC Seeks To Acquire 20% Stake In Dangote Refinery

Nigerian National Petroleum Corporation (NNPC)
DPR targets to remit N900bn to FAAC in Q2 The Nigerian National Petroleum Corporation (NNPC) has expressed interest in purchasing a 20 per cent minority equity stake in Dangote Refinery,Read More

NNPC: 52m Crude Oil Barrels Lost To OPEC Cuts

NNPC
Nigeria lost at least 52 million barrels of crude oil between May and December 2020 to COVID-19-induced compulsory supply cuts imposed by the Organisation of Petroleum Exporting Countries (OPEC), accordingRead More

NNPC Sells N267bn Crude Oil, Maintains 1.42m bpd Output

Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood at 1.42 million barrels per day in the first quarterRead More

Rising Oil Price Puts More Pressure On NNPC’s Finances

Crude oil
Labour canvasses alternative petrol pricing method Seeks three-year gas price moratorium Crude oil extended its gains at the weekend after closing at a six-week high with signs of strengthening demandRead More

Bowing To Chinese Pressure, Buhari Restores 4 Oil Blocks To NNPC/Addax

President Muhammadu Buhari
President Muhammadu Buhari yesterday approved the restoration of the permits on Oil Mining Leases (OMLs) 123, 124, 126 and 137 to the Nigerian National Petroleum Corporation (NNPC) and, by extension,Read More

FG Inaugurates Warri-Itakpe Railway Line After 30 Years Of Neglect

Warri-Itakpe Railway Line
Says freight services will create more jobs The Federal Government has unveiled the Warri-Itakpe standards gauge railway 30 years after it started constructing the rail line designed to transport ironRead More

OPEC, Allies Agree To Ease Oil Production Curbs

Organisation of the Petroleum Exporting Countries (OPEC)
Transparency influenced financing deal for refinery rehabilitation, says NNPC The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, yesterday resolved to gradually ease its oil outputRead More

NNPC Reduces Cash-call Debts To IOCs By $3.11bn

Nigerian National Petroleum Corporation (NNPC)
FG, labour to meet mid-April on petrol pricing Tanker drivers threaten strike The Nigerian National Petroleum Corporation (NNPC) has so far paid a total of $3.118 billion cash-call debts owedRead More

Petrol Price: NNPC Douses Tension, Says No Increase Now

Nigerian National Petroleum Corporation (NNPC)
Declares it has no intention of pre-empting ongoing engagement with labour The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of petrol until theRead More

FG Mulls Incentives For Banks To Restructure Oil Firms’ Debts

Minister of State for Petroleum Resources, Chief Timipre Sylva
DPR remits N2tn to govt coffers The Federal Government is considering a regulatory forbearance for banks to encourage them to restructure oil companies’ loans. Minister of State for Petroleum Resources,Read More