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Refineries Damaged Beyond Turnaround Maintenance - NNPC

NNPC Almost Out Of Red Zone, Cuts Losses By 99.7%

October 15, 2020 11:52 am

The Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019.

The new report comes five months after the corporation published its 2018 Audited Financial Statement,

The NNPC Chief Financial Officer (CFO), Mr. Umar Ajiya, said that the 2019 Audited Financial Statement, will be published on the Corporation’s website for all to see in keeping with Management’s commitment to transparency and accountability.

Ajiya also said the release will be in consonance with the principles of the Extractive Industries Transparency Initiative (EITI) of …

OML 143 - NNPC, SEEPCO Sign Gas Development Deal

OML 143: NNPC, SEEPCO Sign Gas Development Deal

September 26, 2020 2:14 pm

The Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO) have signed an agreement for the development and commercialisation of gas from the Oil Mining Lease (OML) 143 that could help reduce gas flaring in the country.

Speaking at the agreement-signing ceremony which held at the NNPC Towers, the Group Managing Director of NNPC, Malam Mele Kyari, described the execution of the deal as a great milestone as well as a testament to NNPC’s commitment to facilitating the nation’s transformation into a gas-powered economy.

He …

Nigeria loses ₦1,085 trillion daily to fuel smuggling

NPDC Mulls Nationwide Crash Of Cooking Gas Price

August 22, 2020 1:23 pm

The Nigerian Petroleum Development Company (NPDC), an Exploration and Production subsidiary of the Nigerian National Petroleum Corporation (NNPC), has mulled 600 million standard cubic feet (mmscf) of daily gas supply for domestic market, a move that would further dip the prices of cooking gas nationwide.

The company, which said it was looking at boosting its gas supply to the domestic market by the volume (600mmscf/d) in the next three to five years, also noted that it had revved up production in Oil Mining Lease (OML) 111 by 2,100barrels per day (bpd) of crude oil and 27mmscfd of gas, thereby increasing …

NNPC - Numbers Of Staff, Offices, Other Details Revealed

NNPC: Numbers Of Staff, Offices, Other Details Revealed

May 26, 2020 5:05 am

The Nigerian National Petroleum Corporation (NNPC) currently has 6,621 staff.

This includes those at the headquarters, all subsidiaries, divisions and offices nationwide.

NNPC made the disclosure in its report of compliance with the Extractive Industries Transparency Initiative (EITI) Open Data requirements.

Read Also: NNPC Reacts To Tanker Fire In Central Lagos

The staff strength also includes 1,050 fresh graduates recruited in February.

In the report released on Monday and published by NAN, NNPC has 13 Divisions/Strategic Business Units.

While 5,410 of the workforce, representing 81.7 percent are male, 211 are women, representing 18.3 per cent.

The three refineries – Kaduna,

…
Refineries Damaged Beyond Turnaround Maintenance - NNPC

NNPC New Staff To Assume Virtual Duty May 4

May 1, 2020 2:41 am

No fewer than 1,000 graduate trainees recently recruited by the Nigerian National Petroleum Corporation (NNPC) are to assume virtual duty Monday, May 4, the corporation says in a statement.

The statement released in Abuja on Thursday was signed by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru.

“The trainees are to assume duty first, virtually, while the corporation monitors the COVID -19 situation and the Federal Government’s directives to determine a date of physical assumption of duty,” he said.

He explained that the option of virtual assumption of duty was necessitated by the need to comply with …

Salihu Ex-NNPC Depot Staff Fined ₦1m For ₦6Bn Theft

Salihu Ex-NNPC Depot Staff Fined ₦1m For ₦6Bn Theft

March 26, 2020 6:47 am

Abdulkadir Mohammed Salihu, a former sales assistant of the Nigerian National Petroleum Corporation, NNPC, Kaduna Depot on Wednesday got a kid-glove treatment from a Nigerian court.

Justice Z. B Abubakar of the Federal High Court, Kaduna gave Salihu a N1 million fine or a three-year jail term after a proven theft of over N6billion from the NNPC.

After the assets seized from him were added, it did not appear Salihu got a full measure of retribution for his offence.

The EFCC arrested Salihu on 29 October last year. Before his arrest, he was in charge of loading manifest at …

Coronavirus - 50 Oil Cargoes Stranded Off Nigeria

Coronavirus: 50 Oil Cargoes Stranded Off Nigeria

March 12, 2020 1:34 pm

The Nigerian National Petroleum Corporation (NNPC) yesterday raised the alarm about the looming crisis as a result of low oil prices and asked Nigerians to brace up for tougher times ahead.

The warning came as the coronavirus scourge continues to wreak serious havoc in the global economic landscape, especially by creating fiscal and planning distortions in crude oil and gas-exporting economies. The Group Managing Director of the state-owned oil corporation, Mallam Mele Kyari, who gave this hint yesterday at the Roundtable Parley with the CBN Governor, Mr. Godwin Emefiele with the theme “Going for Growth 2.0” in Abuja, specifically advised …

NNPC: Fuel Supply Not Affected Despite Lagos Pipeline Fire

December 6, 2019 2:02 am

The Nigerian National Petroleum Corporation (NNPC) on Thursday reported an oil pipeline fire outbreak along Atlas Cove-Mosimi Pipeline, part of the System 2B pipeline in Baruwa Swamp area of Lagos. The corporation said preliminary reports of the incident indicated that the fire outbreak might have been caused by an act of vandalism by suspected oil thieves. The corporation, in conjunction with the Lagos State Government, has contained the fire and repair works have commenced which will lead to speedy restoration of the pipeline operations.

Read Also: Nigeria Militants Kidnap 14, Including 2 Red Cross Workers

The corporation confirmed that …

NNPC: Nigeria daily oil production reaches 2.3mbpd – Baru

NNPC: Nigeria daily oil production reaches 2.3mbpd – Baru

June 19, 2019 12:14 am

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says the country’s daily oil production is currently 2.32million barrel pre day.

Baru disclosed this on Tuesday when a delegation of the Nigerian Union of Journalists (NUJ) led by its President Mr Chris Isiguzo visited his office in Abuja.

“Since we came in July 2016, we are focused on increasing production of oil and gas and condensates.

“At some point, our national combined production was about a million barrels; I am happy that as at the end of 2018, we have moved on averaging last year, about 2.1 …

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