Ojulari insists NNPC refineries are still viable
Sopuruchi Onwuka The new management of the Nigerian National Petroleum Company Limited (NNPC) Limited has restated it’s resolve to drive the protracted revamp of the nation’s crude oil refineries to conclusion. Group Chief Executive Officer (GCEO), Bashir Bayo Ojulari, notified…
Ojulari gets senior management team
Sopuruchi Onwuka Within 72 hours after his appointment as the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mr Bayo Ojulari welcomes a senior management team on Friday. The appointments which took immediate effect would enable…
NNPC dismisses reports of PH refinery blast
Sopuruchi Onwuka The Nigerian National Petroleum Company Limited (NNPC Ltd) says there is no safety or security incident affecting the operated Port Harcourt Refining Company (PHRC) Limited, dismissing reports of a blast at the plant as operational incident. Spokesman of…
Naira for crude policy crumbles, Dangote begins sale in dollars
Sopuruchi Onwuka The highly applauded Naira-for-crude programme which was severally advertised on industry policy platforms as one of the most credible economic stabilization interventions of the current administration of the federal government to contain galloping inflation may have collapsed. Nigeria’s…
NCDMB throws weight behind 100 kbd refinery project
Stakes funds in 20% equity Sopuruchi Onwuka The push for local refining capacity expansion has become intense with Nigerian Content Development and Monitoring Board (NCDMB) adding its weight to drive through a new 100,000 barrels per day (100 kbd) crude…
NNPC Ltd admits PH Refinery is up but still blends imported products
Sopuruchi Onwuka National oil company, the Nigerian National Petroleum Company (NNPC) Limited is struggling to convince the public that one of it’s refining plants in Port Harcourt has started producing the premium motor spirit which popularly called petrol or gasoline….
NNPC Ltd captures greater market share with DES LNG shipments
Sopuruchi Onwuka The Nigerian National Petroleum Company Limited (NNPC Ltd) is making significant strides in the global energy market, expanding its footprint in Asia with the commencement of Liquefied Natural Gas (LNG) shipments to Japan and China on a Delivered…
NNPC posts N3.3trn profit in 2023 financial report
Declares N2.1trn Dividend The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when…
Kyari urges military to sustain onslaught against crude oil theft
Sopuruchi Onwuka The Group CEO of NNPC Ltd., Mr. Mele Kyari, has called on the military to sustain the war against crude oil theft and pipeline vandalism saying the current onslaught against the menace has yielded improved growth in the…
NNPC Ltd dismisses allegations of economic sabotage
The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage. Kyari,…
