Tag Archives: NNPC

Nigeria exports $1.86bn oil to India in Q4 2021

Nigeria exported crude oil worth N774.5 billion or ($1.86 billion) in the fourth quarter of 2021 to India, latest data from Nigeria Bureau of Statistics, NBS, has indicated. Crude oil was followed by exports of liquefied natural gas at N89.8 billion and liquefied petroleum gas otherwise known as cooking gas …

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NNPC defends withdrawal of $21b from NLNG account

Mele Kyari The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, yesterday said that the withdrawal of over $21billion from the dividends account of the Nigeria Liquefied Natural Gas (NLNG) was not illegal. Kyari, who was represented by the Chief Financial Officer of the corporation, …

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Explosion rocks NNPC facility

Nigeria’s crude oil production under threat as the Nigerian Petroleum Development Company (NPDC), an upstream subsidiary of the Nigerian National Petroleum Corporation, confirmed an explosion at a production facility in Oil Mining Lease (OML) 40. Reporters gathered that the explosion involving NNPC partners Elcrest Exploration and Production Nigeria Limited occurred …

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