* Pi-CNG Vehicle Conversion Initiative to Promote Cleaner Energy In a strategic effort to reduce Nigeria’s dependence on conventional fuels like Premium Motor Spirit (PMS) and diesel, the Presidential Compressed Natural Gas Initiative (Pi-CNG), has declared that over the next…
NNPCL Reiterates Commitment to Lasting Peace and Prosperity in Niger Delta
The NNPC Ltd has reaffirmed its commitment to collaborating with host communities in the Niger Delta to achieve lasting peace and economic prosperity. This was stated by the Group CEO Mallam Mele Kyari during a dialogue session held in partnership…
Lokpobiri, Oil Minister, Rejects Representative’s Misleading Statements on NNPC Refinery Operations.
Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), has refuted claims made by Engr. Kamoru Busari, Director of Upstream in the Ministry of Petroleum Resources, regarding the Nigerian National Petroleum Company Limited (NNPCL). Busari, representing the Minister at…
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…
“We Are Not A Sole Offtaker. Major Marketers are Free to Buy From Dangote Refinery”, Says NNPC Ltd
The Nigerian National Petroleum Company Limited (NNPCL), has reaffirmed its commitment towards ensuring that the federal government maintains a deregulated market for local refineries, including the Dangote Refinery. According to the Chief Corporate Communications Officer of NNPCL, Femi Soneye, all…
CORAN congratulates Dangote Refinery on landmark milestone
The Crude Oil Refinery-owners Association of Nigeria (CORAN) has extended its heartfelt congratulations to Mr. Aliko Dangote and his team at Dangote Refinery on the remarkable achievement of commencing the production of Premium Motor Spirit (PMS). The group said that…
NNPC Ltd Releases 2023 Audited Financial Statement – Announces net profit of N3.297 trillion, dividend of N2.1 trillion
The Nigerian National Petroleum Company Limited (NNPC Ltd) 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…
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…
NNPCL Introduces New 50,000bpd Utapate Crude Oil Grade to Global Market
0.0655% Low Sulphur Content Reduced Flare – Low carbon footprint The Nigeria National Petroleum Corporation (NNPC) Ltd has unveiled its latest crude oil offering, the Utapate blend, marking its entry into the international market. Originating from Oil Mining Lease…
NNPC Ltd: An All-round Asset to Nigeria
By Olufemi Soneye In its editorial of 2nd August, 2024, the BusinessDay newspaper, characteristically, launched another scurrilous and baseless attack on the Nigerian National Petroleum Company Limited (NNPC Ltd). In the editorial entitled: “NNPCL: Liability or Asset to Nigerians?”,…