NNPC Archives — Page 13 of 14 — City Business News

November 20, 2017 No Responses

NNPC, Chevron sign $1.7b deal to increase crude, gas production

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the final phase of an Alternative Financing Agreement to increase crude production by about 39,000 barrels per day. The agreement, signed in London, is also expected to achieve...

October 23, 2017 No Responses

Ondo to revive LNG firm, seeks partnership with NNPC, Chevron, Shell, others

To boost Ondo State’s economy, the State Governor, Rotimi Akeredolu has announced plans to revive moribund OK LNG, a state government-owned firm. This was the high point of a meeting held in the office of the Chief of Staff to...

October 16, 2017 No Responses

Osinbajo: NNPC did not award $25b contracts

The Nigerian National Petroleum Corporation (NNPC) did not award $25billion contracts, Vice President Yemi Osinbajo has declared. A statement issued on Sunday by the Vice President Senior Special Assistant (SSA), media and publicity, Laolu Akande, explaine...

October 11, 2017 No Responses

Baru reiterates commitment to consolidate NNPC, trading company to efficiency, profitability

The Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability. Since assuming duty, Dr. Baru...

September 4, 2017 No Responses

‘NNPC mega, affiliate stations are selling product for N143 per litre’

The sustained strategic intervention of the Nigerian National Petroleum Corporation (NNPC) in the efficient supply and distribution petroleum products has led to significant fall in the prices of Premium Motor Spirit (PMS), also known as petrol, and Liquefied ...

August 25, 2017 No Responses

NNPC unveils agenda to revitalize 52 clinics

As part of efforts to jump-start its diversification into the health care business, the Nigerian National Petroleum Corporation (NNPC) has requested a deeper collaboration with India in the area of expertise and state-of-the-art medical equipment to revitalize...

July 17, 2017 No Responses

NNPC attains five million litres of kerosene output daily

The three refineries of Nigerian National Petroleum Corporation (NNPC) in Port Harcourt, Warri and Kaduna now produce five million litres of Dual Purpose Kerosene (DPK), also identified as kerosene daily. According to NNPC, this represents more than 60 perce...

June 2, 2017 No Responses

Seplat gas business exceeds $100m revenue in 2016

By Moses Ebosele (ebosele@hotmail.com) – The gas business of Seplat Petroluem Development Company Plc exceeded $100 million revenue milestone projection for the year 2016 despite various challenges in the sector. Briefing shareholders durin...

May 12, 2017 No Responses

NNPC Chief Executives sign performance bond with GMD

The journey to the transformation of the Nigerian National Petroleum Corporation (NNPC) into a commercially focused and profitable business organization has been taken a notch higher with the signing of a performance bond by the Chief Operating Officers (COO) ...

March 27, 2017 No Responses

$184m crude swap under-deliveries: Taleveras makes $17m commitment

The Nigerian National Petroleum Corporation (NNPC) has pledged to provide members of the public with up-to-date information on the ongoing effort by the Corporation to sanitize the record books through reconciliation of the transactions executed during the def...

March 25, 2017 No Responses

NNPC lauds Taleveras, to recover $184m crude SWAP under-deliveries from firms

Citing its cooperative attitude in the ongoing reconciliation of transactions in the defunct crude for products arrangement, the Nigerian National Petroleum Corporation (NNPC) has commended Taleveras, one of Nigeria’s oil companies. Group Managing Director (...

February 17, 2017 No Responses

NNPC records reduction in Pipeline sabotage

The Nigerian National Petroleum Corporation (NNPC) has recorded a marked reduction in the cases of pipeline sabotage. This was disclosed in the Corporation’s monthly Financial and Operations Report for the month of December 2016 which has just been released....

January 12, 2017 No Responses

NNPC Refineries resume production of Kerosene, Diesel

The Nigerian National Petroleum Corporation’s three refineries in Kaduna, Port Harcourt and Warri have resumed production of Automotive Gas Oil (AGO) and Dual Purpose Kerosene (DPK), otherwise known as diesel and kerosene respectively. NNPC in a statement is...

January 5, 2017 No Responses

Sahara Energy, 38 others get NNPC crude lifting contract

The Nigerian National Petroleum Corporation (NNPC) on Thursday named Sahara Energy, Oando, MRS and 36 others as successful bidders of its 2007/2018 crude oil term contract, effective January 1, 2017. According to NNPC, the 39 successful bidders comprised 1...