The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has stated that petrol consumption had fallen to 4.5 million liters following the removal of subsidies by President Bola Tinubu. He made this disclosure at…
NMDPRA Calls for Investments to Tackle Inefficiencies in Nigeria’s Petroleum Supply Chain
Mr. Ogbugo Ukoha, the Executive Director, Distribution, Storage System and Retail Infrastructure at the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has highlighted significant inefficiencies and cost challenges in Nigeria’s petroleum distribution infrastructure. Speaking at Day Two of the…
NNPC Ltd/TotalEnergies’ $550m Ubeta Upstream Gas Project Takes Off
The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an…
NNPC refutes allegations of $6.8bn indebtedness
…..Also Rejects Claims of Non-Remittance of Taxes The Nigerian National Petroleum Company Limited (NNPC Ltd.) has categorically denied owing international oil traders a sum of $6.8bn. In a statement issued today, the company described the allegation as inaccurate. While acknowledging…