Home Tag "NNPC"

NNPC Restates Commitment to OPEC Agreement

…To Focus More on Gas, Condensats for Revenue Growth The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilizing the global oil market. The Group Managing Director of NNPC, Mallam Mele Kyari, stated […]

Kyari Assures Indigenous Shipping Coys of Support

The Nigerian National petroleum Corporation (NNPC) has expressed its readiness to support indigenous fleet owners to enjoy greater patronage and participation in the oil and gas maritime business in Nigeria. The Group Managing Director of NNPC, Mallam Mele Kyari, gave the assurance while playing host to members of the Nigerian Fleet Implementation Committee who paid […]

House of Reps Hails NNPC’s Strides in Transparency

…As Kyari Defends NNPC 2021 Budget at NASS The House of Representatives Joint Committees on Petroleum (Upstream, Downstream and Gas) have applauded the Nigerian National Petroleum Corporation (NNPC) for breaking new grounds in its commitment to transparency and accountability. Chairman of the Joint Committees, Hon. Musa Sarki Adar, gave the commendation at a 2021 Budget […]

NNPC Clarifies Increase in PMS Ex-Coastal, Ex-Depot Price of PMS

The Nigerian National Petroleum Corporation (NNPC) has said it is aware of a document widely circulating in the media purporting an increase in the PPMC Ex-Coastal Price and Ex-Depot Price (with collection) to N130 and N155.17 respectively and wishes to clarify that although there was a slight increase in the price based on the prevailing […]

PENGASSAN Strike: NNPC Says No Need for Panic Buying

…Over 2.9 Billion Litres of Petrol Available for Yuletide The Nigerian National Petroleum Corporation (NNPC) on Tuesday dismissed mounting insinuation of possible scarcity of petroleum products following ongoing disagreement between the Federal Government and members of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) on the implementation of the Integrated Payroll and Personnel Information […]

EITI Commends NNPC on Publication of 2019 NNPC Audited Account

…Invites Kyari to Speak at Its Virtual Meeting The Extractive Industries Transparency Initiatives (EITI), a multi-stakeholder coalition that promotes extractives transparency and accountability in over 50 countries, has commended the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, for honouring his commitment to promote and deepen the culture of transparency […]

Otedola Bridge Explosion: NNPC Commiserates with Victims, Lagos Govt

The Nigerian National Petroleum Corporation has commiserated with the Government and people of Lagos State and especially the victims over the unfortunate tanker explosion which occurred on the Otedola Bridge, in Lagos, in the early hours of Saturday. According to reports, the unfortunate incident occurred when a container truck loaded with fabric experienced a brake failure […]

NNPC Releases 2019 Audited Financial Statement, Reduces Loss by 99.7%

Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019. A statement by the Corporation’s spokesman, Dr. Kennie Obateru, quoted the NNPC Chief Financial Officer (CFO), […]

Baruwa Gas Plant Fire: NNPC Commiserates with Lagosians

…Says Corporation’s Pipelines No Where Near Location of Incident The Nigerian National Petroleum Corporation has commiserated with the Government and people of Lagos State, and particularly the residents of Baruwa area, on the gas plant fire incident that ravaged the community in the early hours of Thursday. A press release by the Corporation’s Group General […]

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