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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,…
Fuel crisis: Marketers demand transparency, fair competition
Sopuruchi Onwuka As controversies and altercations mark the changing downstream petroleum industry after the Dangote Refinery roars to life, players in the retail end of the market want all anti-competition instruments dismantled in order to create a balanced playing ground….
NNPC Limited quietly cedes 12.8% stake in Dangote Refinery
Sopuruchi Onwuka Government has silently accepted to whittle down the country’s 20 percent financial stake in the hyped Dangote Refinery, digging up more questions over the controversial deal which was sold to Nigerians as low hanging fruit for cheaper and…
Flooding delays fuel petrol import discharge
Sopuruchi Onwuka The flashes of flood which overwhelmed drainages and overran major roads across the country were the major reason for fuel scarcity as retail outlets were unable to get supplies, the Nigerian National Petroleum Company (NNPC) Limited has explained….
How Oando shattered the barriers to divestment deals
Sopuruchi Onwuka The late entry of Oando Energy Resources (OER) in the prevailing divestment programme and its rapid progress to secure the first approval from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) now dominate hushed discussions in the industry. Before…
NNPC to build 3 LNG stations, 100 CNG sites __Kyari
Sopuruchi Onwuka The Group Chief Executive Officer of NNPC Limited Mallam Mele Kyari has declared that the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has since commenced and is irreversible. Kyari, who disclosed this on Thursday during…
