Renewed vandalism forces down oil production from 2.2m to 1.3m, loss of N4.05tn
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has revealed that an average of 700,000bpd of crude oil was lost in 2016 due to pipeline sabotage, bringing Nigeria’s production down to as low as…
Again, NNPC makes U-Turn on planned sale to repairs of 3 refineries
A close surveillance on the official utterances of the Nigerian National Petroleum Corporation (NNPC) on its plans for the three ageing refineries since this has shown policy summersaults for three times. First was when the federal government planned to sale…
NNPC, ExxonMobil in fresh deal to saturate gas market, boost crude output
Fresh lifeline is underway for increased crude oil production and availability of gas for power generation as the Nigerian National Petroleum Corporation (NNPC) and ExxonMobil upstream joint venture partner have closed a deal that will expand existing operational portfolio. Giving…
NNPC moves 55 top staff to reposition corporation
On Tuesday, no fewer than 55 top management staff of the Nigerian National Petroleum Corporation (NNPC), were affected in a massive reshuffle ordered by Group managing director, Dr. Maikanti Baru. In his pre-announcement briefing, NNPC boss informed the staff that…
We are not currently recruiting at NNPC, Baru warns Nigerian job seekers, scammers
Considering rising cases of job scam hanging around the Nigerian National Petroleum Corporation (NNPC), the company has once again, announced that it never inaugurated a recruitment campaign of any kind and currently does not recruit. In recent times, there had…
Finally, NNPC agrees to return budget surplus at the end of the year
Before now, one of the issues hampering federal government’s finances and accounting system has remained delays and at times, blatant refusals by Ministries, Departments and Agencies (MDAs) to return surplus funds that were not used within a budget regime. In…
Boost for foreign reserve as Indonesia, more countries place order for Nigerian crude
Chances of early exit from recession are getting brighter following news or more orders for Nigerian crude oil by new markets including Indonesia and others from Asian tigers. This week, Indonesian Ambassador to Nigeria, Mr Harry Purwanto, indicated his country’s…
3 refineries now produce over 12m litres of PMS, AGO daily—NNPC boss, Baru
Recently concluded repairs and maintenance at the hitherto moribund refineries in Warri, Port Harcourt and Kaduna have started yielding results. The trio now about 12 million litres of Premium Motor Spirit, otherwise known as petrol, and Automotive Gas Oil, popularly…
NNPC opens up on power investment, partners Chevron, Total for two power plants
The managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru revealed that the corporation is set to expand its interest in power generation. This is coming days after the NNPC gave signals of divesting much of its communications…
