Tag Archive

NNPC Records Trading Surplus of N6.33billon in May

NNPC Records Trading Surplus of N6.33billon in May

July 22, 2019 No Comments

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N6.33 billon for the month of May 2019, a figure which is 13 per cent higher than the N5.60 billion surplus posted in the preceding month of April 2019. Details of the report contained in the May 2019 edition of the NNPC Monthly […]

NNPC, Shell to Grow Nigeria’s Oil Reserves

NNPC, Shell to Grow Nigeria’s Oil Reserves

July 17, 2019 No Comments

The Management of the Nigerian National Petroleum Corporation (NNPC) and its age-long partner, Shell Petroleum Development Company (SPDC), on Tuesday expressed resolve to grow existing business relationship aimed at growing the nation’s crude oil reserves. Welcoming the high level Shell delegation led by the Vice-President of Shell Nigeria and Gabon, Mr. Peter Costello, to the […]

Kyari officially 19th GMD of NNPC

Kyari officially 19th GMD of NNPC

July 10, 2019 No Comments

The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) , Mallam Mele Kolo Kyari, has vowed to reverse the trend of petroleum products importation in the country by rehabilitating the existing refineries and encouraging private sector investment in the refineries sub-sector. Mele Kyari has explained how he hoped to end petroleum products […]

Aiteo to spend $5 billion to boost output

Aiteo to spend $5 billion to boost output

July 8, 2019 No Comments

Aiteo Eastern E&P Co. reportedly plans to drill new oil wells and re-open existing ones as it seeks to raise production, CEO Victor Okoronkwo said Tuesday in an interview in Abuja, Nigeria. It will also seek to increase its stake in a joint venture with Nigeria’s state oil company. Plans to spend as much as […]

NNPC Maintains Position as Largest Gas Supplier to Power Sector

NNPC Maintains Position as Largest Gas Supplier to Power Sector

July 1, 2019 No Comments

The Nigerian National Petroleum Corporation (NNPC) has maintained its lead as the largest supplier of gas to the nation’s power sector, the NNPC Group Managing Director, Dr. Maikanti Baru, has declared. Dr. Baru, who made this disclosure during the inauguration, today, of a compendium produced by the Corporate Services Directorate of the NNPC in Abuja, […]

Nigeria Govt. Appoints Acting Alternate Chairman of NNPC Governing Board

Nigeria Govt. Appoints Acting Alternate Chairman of NNPC Governing Board

June 26, 2019 No Comments

President Muhammadu Buhari has appointed Dr. Thomas M.A. John as Acting Alternate Chairman of the NNPC Governing Board. Dr. John, a former Group Managing Director of the NNPC, is before the appointment, a member of the NNPC Governing Board. He will hold the position of the Acting Alternate Chairman of the Governing Board until a […]

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NNPC Appoints New GMD, Seven Chief Operating Officers

NNPC Appoints New GMD, Seven Chief Operating Officers

June 20, 2019 No Comments

Nigerian President, Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC). A release today in Abuja by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, stated that President Buhari also appointed alongside Kyari, seven new Chief Operating Officers. Until his […]

NNPC Posts $490.03 million Export Sale of Crude Oil and Gas

NNPC Posts $490.03 million Export Sale of Crude Oil and Gas

May 31, 2019 No Comments

The Nigerian National Petroleum Corporation (NNPC) posted a total export sale of crude oil and gas of $490.03million in February 2019 which is 32.45 per cent higher than the previous month’s sale. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release of the February 2019 edition of the corporation’s Monthly […]

Port Harcourt Refinery Bags Africa’s First ISO 9001:2015 Certification

Port Harcourt Refinery Bags Africa’s First ISO 9001:2015 Certification

March 25, 2019 No Comments

Port Harcourt Refining Company (PHRC) Limited, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has attained the International Organisation for Standardization (ISO) 9001:2015 Quality Management System (QMS) certification, the first by any refinery on the African continent. Mr. Richard Omale, Managing Director of 3FM Solutions, a Management Consulting Company whose outfit conducted the QMS […]

NNPC Hints of Progress in Drilling at Kolmani River-II Well

NNPC Hints of Progress in Drilling at Kolmani River-II Well

March 20, 2019 No Comments

The Kolmani River-II Well which spud-in was flagged off last month by President Muhammadu Buhari is progressing satisfactorily, with drilling so far of 6,700 feet, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said. A release today in Abuja by NNPC Group General Manager, Group Public Affairs, Mr. […]

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