NNPCL
NNPCL may sell Warri, Port Harcourt, Kaduna refineries – Ojulari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has stated that the sale of the country’s non-performing refineries, including those in Warri, Port Harcourt, and Kaduna, remains a possibility as the company undertakes a full review of its downstream operations. Ojulari made this known in an interview with […]
Again, NNPCL GMD Ojulari snubs Nigerian Senate
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has again snubbed the Nigerian Senate Committee on Public Accounts, despite a 10-day ultimatum issued to him over unaccounted funds totalling N210 trillion. However, the NNPCL GCEO sent representatives to the hearing on Thursday, who the committee declined to engage. […]
Port Harcourt Refinery Producing Diesel not Petrol- Source
The Nigerian National Petroleum Company Limited (NNPCL) is not trucking out Premium Motor Spirit (PMS), popularly known as petrol, from the Port Harcourt Refinery as it claimed on Tuesday, top sources in the know have revealed to SaharaReporters. It was gathered that the NNPCL instead bought “Cracked C5 petroleum resins” and blended it with other […]
Protesters storm N’Assembly, demand Kyari’s sacking
A group, the Nigerian Coalition of Civil Society Organisations, has called for immediate investigations into alleged sabotage against the plan to turn around the petroleum refineries in the country. This is just as the group demanded the immediate removal from office of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, noting […]
Just In: NNPCL pushes fuel price to N1,030 per litre in Abuja, N998 in Lagos
Filling stations belonging to the Nigerian National Petroleum Corporation Limited (NNPCL) have increased the pump price of fuel. The product which previously sold for N897 in Abuja, the nation’s capital, currently sells for N1,030. Newsmen who visited an NNPC outlet in Maitama observed how motorists queued up to purchase the product amid complaints. At another […]
Naira-for-crude: Dangote refinery to get 400,000 barrels daily — Report
The Federal Government is set to supply up to 400,000 barrels of Nigerian crude oil daily to the Dangote refinery under a naira-for-crude agreement. According to a report by Bloomberg, this arrangement is expected to roll out over the next two months, with approximately 24 million barrels of Nigerian crude being delivered between October and […]
NNPC quits as middleman in Dangote Refinery petrol purchase
The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market for other marketers to buy petrol directly from the refinery, according to PREMIUM TIMES. This means NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery. This […]
NNPLC confirms date to commence sale of Dangote petrol
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that the much-anticipated petrol from the Dangote Refinery will enter the market on September 15, 2024, ushering in a new era for the petroleum industry. This announcement was made in a press release signed by Chief Corporate Communications Officer Olufemi Soneye, stating that the price of […]
Breaking: NNPC Raises Petrol Price to N897 Per Litre, Filling Stations Sell for N950
The Nigerian National Petroleum Company Limited (NNPC) Tuesday raised the pump price of petrol to N897 per litre from the official price of N617. This is coming days after the national oil company said it was heavily constrained by the huge debt it owes international suppliers. The debt is estimated to be $6.8 billion It […]
NNPC targets two million barrels oil production daily
The Nigerian National Petroleum Company Limited has announced its goal to increase crude oil production to two million barrels per day by the end of the year. The country’s daily production rose from 1.27 million barrels in June to 1.6 million in July, according to the Nigerian Upstream Petroleum Regulatory Commission. Speaking during a meeting […]