A joint committee of the House of Representatives has summoned the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, to appear before it on May 8 over an investigation into environmental degradation caused by the activities of oil companies in oil producing communities. The Chairman of th...
•Tinubu and Atiku Former Vice President Atiku Abubakar yesterday asked President Bola Tinubu to account for the Nigerian National Petroleum Company Limited (NNPCL)’s $3.3 billion emergency crude repayment loan. Last August, the NNPCL secured a $3.3 billion emergency crude repayment loan from the African Export-Import Bank to stabilize the fore...
Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria have berated the Nigerian National Petroleum Company Limited for alleged delay in the supply of petroleum products. As a result, the marketers said they had been forced to boycott the NNPCL to source fuel from private depot owners at a higher cost. [&he...
•Port Harcourt Refinery As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refi...
No fewer than 157 incidents of crude oil theft were recorded in the Niger Delta between December 30, 2023 and January 5, 2024. The Nigerian National Petroleum Company Limited said the cases were recorded from several incidence sources like Nigeria Agip Oil, 62; Pipeline Infrastructure Nigeria Limited, 29; Maton Engineering Limited, 18; Tantita...
•Port Harcourt Refinery The Nigerian National Petroleum Corporation Limited has revealed that test runs at the 60,000-bpd Port Harcourt refinery will be completed this month. “Testing will conclude shortly, ensuring the refinery’s efficient operation. That phase will be completed this month,” Reuters quoted NNPC spokesperson, Femi Soneye, as s...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria National Petroleum Company Limited (NNPCL) have warned Nigerians against panic-buying and dismissing reports of a planned hike in the pump price of petrol also called Premium Motor Spirit (PMS). According to reports, fuel marketers clashed with the Nigerian Nati...
The National Association of Nigerian Students, NANS, Southwest Zone, has urged the Nigerian National Petroleum Corporation Limited, NNPCL, not to think of increasing the pump price of petrol to N1,200 per litre as being canvassed by some people and groups. The student body, in a statement by the Zonal Coordinator, Comrade Alao John, the Secret...
The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, yesterday, clashed again over the removal of subsidy on petrol. This came against the backdrop of the depreciation of the naira against the United States dollar at both the official Investors & E...
The end of December timeline for mechanical completion of the Port Harcourt Refinery Company (PHRC) remains sacrosanct, says the Nigerian National Petroleum Company Limited (NNPCL). “We have said from time that by the end of December, the mechanical completion of the refinery will be completed. Yes, we are still maintaining that. Nothing has c...
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