Commericialising gas flare sites’ll turn Nigeria to LPG exporter—Derefaka
The Program Manager of the Nigerian Gas Flare Commercialization Programme (NGFCP), Office of the Minister of State for Petroleum Resources (MPR), Mr Justice Derefaka, has said that the ongoing efforts of the Ministry to commercialise gas flare sites will raise…
Experts hit anti-graft agencies as SPIP exposes Unity Bank’s TSA breaches
Barely hours after the Special Presidential Investigation Panel For The Recovery Of Public Property (SPIP) came up with revelations on breaches and trapping of government funds meant for Treasury Single Account (TSA) in Unity Bank, financial analysts have started raising…
New gas processing partnership to bridge projected shortfall in domestic supply—NNPC
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has disclosed that the new Asa North/Ohaji South (ANOH) Gas Processing Company, a partnership between it and Seplat Petroleum Nigeria may bridge the estimated shortfall in domestic gas…
Investors can shock Dangote if they buy, relocate closed refineries from Europe
Energy analysts have started assessing the possible business imports of the projected closures of refineries in Europe at a time local refining capacity has remained inadequate. Some industry experts who barred their minds with our correspondents in Lagos argued that…
NNPC begins TAM on Port Harcourt refinery, mute on cost, contract terms
A number of industry pundits have started asking questions ranging from where did the Nigerian National Petroleum Corporation (NNPC) get the capital being used to carry out the purported first phase of the rehabilitation of the 210,000 barrels per day…
Baru owes Nigerians explanations on where he is in reviving refineries—Stakeholders
Experts in the petroleum industry who discussed way forward at the Nigerian Petroleum Industry Summit in Abuja on Monday have called for clearer explanation on how far the Federal Government has gone through the Nigerian National Petroleum Corporation (NNPC) in…
Oil marketers now picking their payment promissory notes, to mature in 2019
Frayed nerves over the N800bn debt owed petroleum marketers which is capable of convulsing 2018 Yuletide celebrations in Nigeria has been doused. This is revealed by the Chief Operating Officer, Downstream at the Nigerian National Petroleum Corporation (NNPC), Mr. Henry…
FG dumps Saudi Arabia, Eni, set to seal refineries’ revamp deal with builders
Strong indications emerged Monday that all is set for the Nigerian National Petroleum Corporation (NNPC) to sign agreements on funding and contractual agreement with third-party financiers and contractors for the revamp of all moribund national refineries next week. The combined…
NNPC deepens local content as Globacom’s IWAN runs platforms nationwide
In line with local content policy and blossoming confidence on Globacom’s telecoms technology, the Nigerian National Petroleum Corporation (NNPC) has not only chosen the national carrier in driving its operations across the country via its Intelligent Wide Area Network (IWAN),…
Though NNPC has fuel stockpiles, it can’t effectively distribute nationwide—Expert
Even though the Nigerian National Petroleum Corporation (NNPC) claims it currently has over 170mn litres of petrol stocked in own depots nationwide, there is need to reach deal with aggrieved marketers as only NNPC cannot saturate the country alone. In…
