Home | Tag Archives: Nigerian National Petroleum Corporation

Tag Archives: Nigerian National Petroleum Corporation

Reps Move To Avert Fuel Crisis, Order NNPC On Product Prices

It's only fair to share...By Akanimo Sampson | THE House of Representatives on Tuesday waded into the price regime war between the independent marketers and the Nigerian National Petroleum Corporation (NNPC) in a seeming deft move to avert fuel crisis in the country.     The federal legislators have accordingly directed the Group Managing Director of the NNPC and the ...

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After 45 days in SSS detention, Capital Oil boss Ifeanyi Ubah regains freedom

It's only fair to share...A court in Lagos had ordered Mr. Ubah’s immediate release, while another in Abuja blocked such move. The State Security Services, SSS, released Ifeanyi Ubah, the chairman of Capital Oil and Gas Limited, after nearly six weeks in detention on allegation of economic sabotage. According to Channels Television, Mr. Ubah was released Monday night unconditionally by ...

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DSS: Ifeanyi Ubah’s diversion of 80 million litres of petrol amounts to economic sabotage punishable by death

It's only fair to share...The Department of State Services has accused businessman and Chief Executive Officer of Capital Oil and Gas Ltd, Ifeanyi Ubah, of diverting about 80 million litres of Premium Motor Spirit (commonly called petrol), kept in his custody by the Nigerian National Petroleum Corporation.   The agency stated that Ubah shunned NNPC’s repeated demand for the product ...

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Opec’s deal to cut oil production will go ahead even if Russia commits to reduce output – Kachikwu

It's only fair to share...Abu Dhabi: Opec’s deal to cut oil production will go ahead even if Russia becomes the only non-Opec country to commit to reduce output at a meeting this week, Nigeria said on Wednesday, while the UAE voiced optimism that other producers would participate. Opec agreed last week to slash output by around 1.2 million barrels per ...

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Oil exploration in northern Nigeria: Crude oil discovered in Benue state (LOOK)

It's only fair to share...Exploration activities in Benue state may be gradually yielding success as a quantity of crude oil has been discovered.   It is however not yet known if the discovery would be of commercial quantity, but the deputy governor of the state, Engr Benson Abounu, is urging the federal government and the Nigerian National Petroleum Corporation (NNPC) ...

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National Oil Policy: Buhari to get rid of NNPC and sell off Nigeria’s Refineries (DETAILS)

It's only fair to share...The federal government’s draft National Oil Policy has proposed to consolidate Nigeria’s oil industry regulatory authorities into a single agency to be known as Petroleum Regulatory Commission, PRC, while scrapping all other regulators, including the Nigerian National Petroleum Corporation, NNPC, Department of Petroleum Resources, DPR, and Petroleum Products Pricing Regulatory Agency, PPPRA, among others.   According ...

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Sale of Petrol at N145 no longer sustainable, pump price will be increased – NNPC

It's only fair to share...Mele Kyari, group general manager, crude oil marketing division of the Nigerian National Petroleum Corporation (NNPC), says the increase pump price of petrol is inevitable.   According to Vanguard, Kyari said this in Lagos at the 2016 Oil Trading and Logistics (OTL) Conference.   He reportedly said it was impossible to import products at the current ...

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Danger looms for Nigeria’s Economy as Oil and Gas Reserve runs out

It's only fair to share...The Nigerian National Petroleum Corporation, NNPC, has painted a very gloomy fortune for Nigeria’s economy, as it disclosed that the country’s crude oil and gas reserves were fast depleting.   The NNPC which made the statement in Abuja on Monday, October 3, 2016 appealed to oil and gas exploration companies, professionals and other stakeholders to focus ...

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It's only fair to share...Grab a Copy HereJuly to August 2016 ShareIt's only fair to share...

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WATCH OUT! Petrol mixed with ethanol to be circulated soon – NNPC

It's only fair to share...– A blend of Premium Motor Spirit (PMS) also known as petrol mixed with ethanol will soon be in circulation  – This hint was given by the Nigerian National Petroleum Corporation (NNPC) – The idea is geared towards production of bio-fuels for energy sufficiency The group managing director of the NNPC, Dr Maikaniti Baru, yesterday, August ...

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