PH Refinery Rehabilitation a Viable Endeavour – Kyari
…Provides Justification for $1.5billion Refinery EPC Project The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has described the recently approved rehabilitation exercise of the 210, 000 barrels per day capacity Port Harcourt Refinery as…
Okowa Counsels FG on How to Spend Percentage of Fuel Subsidy Funds
Delta Governor, Senator (Dr) Ifeanyi Okowa, has called on the Federal Government to use 25 per cent of funds expended on fuel subsidy to provide health insurance for vulnerable Nigerians. Okowa made the call on Friday when he received the…
Nigerians Tired of Turnaround Maintenance on Refineries, Build New Ones – CNPP Tells FG
The Conference of Nigeria Political Parties (CNPP) has strongly condemned the approval of $1.5 billion for immediate rehabilitation of Port Harcourt refinery, insisting that “the ruling All Progressives Congress (APC) administration has not done any single thing differently than the…
PIB: South-South Governors Agree on Percentage for Host Community Trust Fund, Make Demand
…Want NDDC Funds Escrowed Till Buhari Reconstitutes Board Governors of the South-South States demanded an upward review of the provision of 2.5 percent as Host Community Trust Fund in the Petroleum Industry Bill (PIB) to 10 percent in the best…
Clear Fiscal Framework Will Enhance Gas Development – Kyari
The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages.The Group Managing Director of NNPC, Mallam Mele Kyari,…
How Oil Industry Loses Investments to Non-passage of PIB – Okowa Reveals
Delta State Governor, Senator (Dr) Ifeanyi Okowa, on Monday gave insights to how Nigeria’s oil industry had lost substantial investments due to delay in the passage of Petroleum Industry Bill (PIB). Okowa stated this when he received on courtesy visit,…
NNPC Cautions Against Hoarding, Panic Buying, Says No Increase in Fuel Price in March
The Nigerian National Petroleum Corporation (NNPC) has ruled out any increment in the ex-depot price of petrol in March, 2021 contrary to speculations of imminent increase in the price of Premium Motor Spirit (petrol) in the country. A press release…
NNPC Rallies Industry Stakeholders for Upstream Cost Optimization
….As Sylva Launches NUCOP The Nigerian National Petroleum Corporation (NNPC) has called on stakeholders in the oil and gas industry to join in working towards reducing operations cost to achieve the $10 or less per barrel production cost target. A…
Gombe Governor Visits NNPC GMD
The Governor of Gombe State, Alhaji Muhammadu Inuwa Yahaya has, on Wednesday, paid a visit to the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kolo Kyari at the NNPC corporate headquarters, Abuja. The meeting was a follow-up…
Kyari Speaks on President Buhari’s Non-Interference in NNPC
…Tasks Govts, Institutions on Technology, Innovation The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has commended President Muhammadu Buhari for giving the Corporation’s Management free-hand to deliver on its mandate, saying that he remains…
Delta State Presents Position on PIB
The Delta State Government has presented its position on the Petroleum Industry Bill (PIB) before the National Assembly where it sorts for legislations that will give more participation to host communities in the nation’s oil and gas industry. State Commissioner…
