Home / Tag Archives: NNPC

Tag Archives: NNPC

Bello gives hope of early disbursement of CVFF, says committee is working on it

hassan bello, NSC

The Executive Secretary of the Nigerian Shippers’ Council (NSC), Hassan Bello has once again disclosed that his agency is working with other strategic federal agencies to develop a framework for the emergence of the national carrier. Speaking recently during the inauguration of new executives of Shipowners’ Association of Nigeria (SOAN), Bello named Nigerian National Petroleum Corporation (NNPC) and the Nigerian ...

Read More »

NNPC mulls commercializing communication infrastructure for broadband penetration

M Baru

As part of renewed efforts to raise viability of other infrastructure within its domain, the Nigerian National Petroleum Corporation (NNPC), said it will commercialise some of its critical Information and Communications Technology (ICT) facilities to drive broadband penetration. Group Managing Director of the Corporation, Dr. Maikanti Baru, made this known while receiving the Minister of Communications, Adebayo Shittu, who paid ...

Read More »

NADDC flags off reduction of Sulphur content in petrol, diesel, kerosene from July

nnpc

The National Automotive Design and Development Council (NADDC), has announced a mandatory reduction in the sulphur content in refined petroleum products including petrol, kerosene and diesel from the first day of July. Delivery specification form July 1, according to the agency show that all diesel fuel in the country should have maximum sulphur levels of 50 parts per million (ppm), ...

Read More »

Worry NIMASA to disburse CVFF for us to buy bigger vessels, SOAN tells NNPC GMD

Nimasa boss, Dakuku Peterside

Whereas the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru has advised members of Shipowners’ Association of Nigeria (SOAN) to acquire bigger tanker vessels in order to participate in the downstream sector of the oil and gas industry, leading shippers have advised the Cooperation to remind the Nigerian Maritime Administration and Safety Agency (NIMASA) to do the ...

Read More »

Nigeria, Iraq lead others in crude oil sales to US in 2016

Ibe Kachikwu

Latest report published by the United States (U.S.) Energy Information Administration (EIA), said crude oil from Nigeria, and Iraq were the largest contributors to its imports volumes in 2016, rising to an average of 7.9 million barrels per day (bpd), or 514,000 bpd above the 2015 average. In a statement, EIA said crude oil imports from Nigeria increased from 54,000bpd ...

Read More »

New Gas Master Plan has reduced gas flaring by 26%, NNPC claims

nnpc

Just as the scarcity of cooking gas continues in cities, the Nigerian National Petroleum Corporation (NNPC) has said it had succeeded in reducing gas flaring in by 26 percentage points in the last 10 years from 36 to 10. In a statement, the corporation said it had improved Nigeria ranking as the second highest gas flaring nation in 2006 to ...

Read More »

NNPC silent on its 2016 pledge to make all refinery work at full capacities this year

Ibe Kachikwu

Three months into the 2017 production year, signals are yet to emerge that by the end of the year, all refineries in Nigeria will be working and producing products at full capacities. Nigeria currently has four refineries including two in Port Harcourt, one in Warri and one in Kaduna. Business Hilights recalls that the Nigerian National Petroleum Corporation (NNPC) on ...

Read More »

How reforms aided NNPC to recover $202m from crude swap under-deliveries

Aiteo

The positive effects of ongoing reforms at the Nigerian National Petroleum Corporation (NNPC) have created a window for the recovery of $202 million outstanding obligations from AITEO Company. General Manager, Group Public Affairs Division of the NNPC, Ndu Nghamadu, confirmed the payment in Abuja and noted that the revelation of the payment is in line with the on-going reforms in ...

Read More »

NNPC mulls generation of 4000mw to national grid in next 10 years

nnpc

The Nigerian National Petroleum Corporation (NNPC) has concluded plans to venture into power production, a programme that will mature between now and next 10 years. In a statement, the Corporation’s Chief Operating Officer, Gas and Power, Mr Saidu Mohammed, through the Group General Manager, Public Affairs, Ndu Ughamadu, said the corporation would achieve this by building independent power plants over ...

Read More »

Reps warn NPA on delays of wet cargoes, invites Total to explain missing of 35,000mts

Yakubu Dogara

Just as the House of Representatives has warned the Nigerian Ports Authority (NPA) limit observed delays of products and cargos at the sea ports, they have summoned Total Nigeria Limited for explanation on the missing 35,000 metric tons of Premium Motor Spirit (PMS). The ad hoc House Committee on the Review of Pump Price of PMS issued the warning based ...

Read More »