Tag Archive

NNPC Reports Natural Gas Production Up by 8 Per cent

NNPC Reports Natural Gas Production Up by 8 Per cent

November 5, 2018 No Comments

A total of 230.35Billion Cubic Feet (BCF) of natural gas was produced in the country in July 2018, averaging a daily production of 7,678.17Million Standard Cubic Feet (mmscfd), NNPC Monthly Financial and Operations report for July 2018 has stated. The sum represents 8.81 per cent increase compared to the previous month of June 2018. The […]

NNPC, BP Sign PMS Supply Agreement

NNPC, BP Sign PMS Supply Agreement

November 2, 2018 No Comments

As part of measures to sustain the robust supply of petroleum products across the country and especially going into the Yuletide period and beyond, the Nigerian National Petroleum Corporation (NNPC) has signed a six-month Direct Sale-Direct Purchase (DSDP) agreement with the British Petroleum’s (BP) trading arm, BP Oil International Ltd, for the supply of Premium […]

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NNPC Charges Petroleum Explorationists to Find More Oil

NNPC Charges Petroleum Explorationists to Find More Oil

November 1, 2018 No Comments

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikati Baru, has charged members of the Nigerian Association of Petroleum Explorationists (NAPE) to deploy their wealth of knowledge and experience to find more crude oil to meet the 40million barrels reserves target. Dr. Baru gave this charge yesterday when the leadership […]

Russia , UAE Partner NNPC for Oil, Gas Development

Russia , UAE Partner NNPC for Oil, Gas Development

October 30, 2018 No Comments

The Russian Federation and the United Arab Emirates have expressed their readiness to expand their scope of partnership with the Nigerian National Petroleum Corporation (NNPC) in the upstream, midstream, downstream and services sectors to further boost their various economies. Speaking after a working visit to the Group Managing Director of the NNPC, Dr. Maikanti Baru, […]

NPDC Achieves 100% Local Content Input

NPDC Achieves 100% Local Content Input

October 26, 2018 No Comments

The Nigerian Petroleum Development Company (NPDC), an Upstream Subsidiary of the Nigerian National Petroleum Corporation (NNPC), has achieved a 100 per cent local content input in the development of Oredo Integrated Gas Handling Facility. NNPC Group Managing Director, Dr. Maikanti Baru, declared this Wednesday during a tour of the NPDC’s Oredo Flow Station, Oredo Gas-to-Pan-Ocean […]

NNPC reports Oil and Gas Export Sales Up 35% to $416m

NNPC reports Oil and Gas Export Sales Up 35% to $416m

October 5, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export sales of $416.07 million in June, 2018 which is 35.78 per cent higher than the previous month. Details of the figures contained in the June 2018 edition of the Monthly NNPC Financial and Operations Reports, released today also indicated that […]

NNPC Records N18.12bn Monthly Trading Surplus in May

NNPC Records N18.12bn Monthly Trading Surplus in May

October 2, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N18.12bn for the month of May, 2018, a performance which is relatively higher than the trading surplus of N17.16bn recorded in the preceding month. Details of the transactions contained in the recently released May 2018 edition of the Monthly NNPC Financial and Operations […]

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NNPC Embarks on Multibillion Healthcare Venture

NNPC Embarks on Multibillion Healthcare Venture

October 1, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has teed-off a major national healthcare intervention project designed to halt medical tourism to foreign destinations through the provision of state-of-the-art hospitals and diagnostic centres across the country. Details of the medical venture plans published in the Q3 2018 Edition of the NNPC Magazine indicated that the corporation has […]

NNPC Records ₦17.16bn Trading Surplus, Up 46%

NNPC Records ₦17.16bn Trading Surplus, Up 46%

September 20, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, who disclosed this in a statement, said this was part of the highlight of the corporation’s Monthly Financial and Operations […]

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Ajaokuta-Kaduna-Kano (AKK) gas pipeline project.

Ajaokuta-Kaduna-Kano (AKK) gas pipeline project.

September 19, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) said it was wrapping up funding arrangements on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project. Group Managing Director of NNPC, Dr. Maikanti Baru, who disclosed this while speaking at the Nigerian Day during the 30th edition of Gas Technology Conference in Barcelona, Spain, Tuesday, explained that tremendous progress was recorded […]

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