The Nigerian National Petroleum Corporation (NNPC) says it has successfully reduced the cost of producing one barrel crude oil to $23 from $78 as at August 2015, has therefore been able to save about $3 billion annually. According to a statement signed by Ndu Ughamadu, the corporation’s spokesman, this fact was disclosed at the inauguration […]
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Speaking with journalists at the Nigeria National Petroleum Corporation (NNPC) towers in Abuja, on Thursday, Ibe Kachikwu, minister of state for petroleum resources, said he cannot confirm if any of the oil workers kidnapped by Boko Haram has been rescued. “We only heard, but can’t confirm if anyone has been rescued,” he said. The insurgents […]
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In a statement issued on Wednesday, Sani Usman, army spokesman, said men of the Nigerian Army have rescued all kidnapped oil workers. Recall that some suspected Boko Haram insurgents ambushed the convoy of the oil workers around Jilli and Borno yesu villages at Magumeri local government area of Borno state on Tuesday. In the statement, […]
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The Nigerian National Petroleum Corporation (NNPC) says the three refineries in Port Harcourt, Warri and Kaduna now produce five million litres of kerosene daily. This, according to it, represents more than 60 percent of the national daily consumption requirement of eight million litres. A statement by the Group General Manager, Group, Public Affairs Division, Mr […]
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Price of Automotive Gas Oil (AGO), also known as Diesel, has crashed to about 42% nationwide, a huge downslide over the last six months, following key strategic interventions by the Nigerian National Petroleum Corporation (NNPC). It would be recalled that in the first quarter 2017, retail prices of AGO, which is one of the deregulated […]
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The Nigerian National Petroleum Corporation (NNPC) said Indonesia has indicated its interest in increasing its purchase of crude oil from Nigeria. The NNPC in a statement signed by Mr Ndu Ughamadu NNPC Group General Manager, Group Public Affairs division in Abuja on Tuesday disclosed that Indonesia currently purchases about 90,000 barrels of crude oil per […]
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The Nigeria National Petroleum Corporation, NNPC, has reiterated its appeal to the public to disregard any announcement of recruitment or invitation to its interview. The Group General Manager, Group Public Affairs Division, Ndu Ughamadu, made the disclaimer in a statement in Abuja on Friday. According to him, the announcement is the third in recent times […]
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In a statement released on Monday by Saidu Mohammed, chief operating officer, gas and power, of the Nigerian National Petroleum Corporation (NNPC), it was disclosed that that the corporation will generate about 4,000 megawatts of power in the next 10 years to boost power supply in the country. Mohammed said the corporation would achieve this […]
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The Nigerian National Petroleum Corporation (NNPC) on Friday said it had taken measures to recover 130 million litres of petrol that evaporated from the depots of Capital Oil & Gas and MRS in Lagos. The NNPC Chief Operating Officer, Downstream, Mr Henry Ikem-Obih, made this known in Abuja in a statement by Mr Ndu Ughamadu, NNPC […]
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