Nigeria’s minister of state for petroleum resources, Ibe Kachikwu, yesterday (Monday) spoke at the sixth African Petroleum Congress in Abuja, where he gave a fine rendition of a poem on oil, expressing assurance that its prices would rise again. Kachikwu said the prices may not rise too high, but they would also not stay too low. […]
Continue ReadingFollowing the industrial action that began on Wednesday morning, as a direct result of the restructuring of the NNPC, the Nigerian National Petroleum Corporation (NNPC) staff union has suspended its industrial action, which shut down all facilities of the corporation on Wednesday. The decision to suspend the industrial action was made by NNPC, via its […]
Continue ReadingNigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu, has stated that the federal government has not unbundled the Nigerian National Petroleum Corporation, NNPC, but only restructuring. The minister who spoke to state house correspondents, said he was alarmed by reports that the NNPC had been split into separate entities. “We have not unbundled NNPC. […]
Continue ReadingThere have been speculations, as to the actual cause of queues that are beginning to build up in service stations across Nigeria. In its bid to set matters straight, the Petroleum Tankers Drivers (PTD), which is a Branch of National Union of Petroleum and Natural Gas Workers (NUPENG) has put the blame for fuel scarcity […]
Continue ReadingThe Nigerian National Petroleum Corporation (NNPC), Nigeria Port Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA) and some other agencies are under probe by the federal government for fraudulent acts. The governor of Cross River state, Ben Ayade, revealed this in Abuja on Thursday at the end of a meeting of the National Economic […]
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The Nigerian National Petroleum Corperation (NNPC) has begun the process of recovering over $7 billion in over-deducted tax benefits from JV Partners on major capital projects and another $2.46 billion from inflated contracts at NPDC. This information is contained in a report submitted to President Muhammadu Buhari by the new management of the NNPC, detailing its […]
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Spokesman for the Nigerian National Petroleum Corporation, Ohi Alegbe said the refinery would only restart when it had enough crude to keep it going for at least 25 days. It was reported last week that Warri refinery has undergone a temporary closure because there was insufficient crude in the system, adding it expected to resume […]
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A Fresh approach in the fight against the perennial problem of oil theft and pipeline vandalism appeared on the horizon on Tuesday with the disclosure by the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu that the Corporation is working towards the deployment of drones across the nation’s territorial waters […]
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The Nigerian National Petroleum Corporation, on Friday, stated that it has shut down the Warri Refineries due to operational challenges. Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ohi Alegbe, disclosed this, while noting that the refinery is expected to be reopened for operations on Tuesday. He said the decision to shut down […]
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Mujahid Asari Dokubo, a former militant leader, as well as factional leaders of the Oodua People’s Congress (OPC), Dr. Frederick Fasehun and Otunba Gani Adams, alongside other beneficiaries of the Pipeline Security and Surveillance contracts, have asked the Nigerian National Petroleum Corporation (NNPC) to pay their outstanding fees by the end of the month, or […]
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