The Nigerian National Petroleum Corporation (NNPC) has said that the Federal Government is going to consult widely before halting subsidy on Premium Motor Spirit, popularly called petrol.
The Nigerian National Petroleum Corporation (NNPC), is renegotiating commercial contract terms with major oil firms, the Group Managing Director of the national oil company, Mallam Mele Kyari, has disclosed.
The Nigerian National Petroleum Corporation (NNPC) through its flagship subsidiary, the Nigerian Petroleum Development Company, on Monday announced the commencement of operations at its integrated gas handling facility.
The Nigerian National Petroleum Corporation (NNPC) plans to generate N11.39tn revenue in 2021, while projecting an increase in oil and gas output and sales between 2021 and 2023.
President Muhammadu Buhari on Tuesday commissioned a 5,000-barrel per day Waltersmith modular refinery in Imo State, saying the advent of such refineries in the country will aid the availability of petroleum products and eliminate importation.
The Nigerian National Petroleum Corporation (NNPC) on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity.
But speaking during a downstream stakeholders’ meeting which held at the NNPC Towers, Abuja, Group Managing Director of the corporation, Mallam Mele Kyari, argued that it was not in the best interest of the national oil company to be the sole importer of fuel. A press release by the corporation’s Spokesman, Dr. Kennie Obateru, quoted Kyari as saying that concrete steps were being taken by the federal government to address the main concerns of marketers, especially the issue of availability of forex.
Kyari said international investors were losing confidence in the nation’s oil and gas industry and tasked the lawmakers to act fast and arrest the situation.
The managing director of NPDC, Engineer Mansur Sambo, made this known during a facility tour of the company’s Oredo Gas Handling Plant by the NNPC Group Managing Director, Mallam Mele Kyari, in Benin City, Edo State.
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that gas is the future of energy development in Nigeria.
