Tag Archives: NNPC

Against the backdrop of recent figures of missing/stolen crude oil put at 200,000 barrels daily by the NNPC Limited, the Chief of Naval Staff (CNS), Vice Admiral Awwal Gambo late on Monday night disclosed that it is practically impossible for such quantity of crude to be stolen daily, given the …

The price of Liquefied Petroleum Gas, LPG, otherwise known as cooking gas, has risen by 25.7 per cent in the last three weeks as 12.5kg now sells at N8,800 from N7000. Findings reveal that one Kg rose by 11 per cent to N1000 from N900, 3kg rose by 10 per …

European countries, yesterday, continued their quest to have Nigeria export more Liquiefied Natural Gas, LNG, to the European Union, as they seek a move away from Russian energy dependency. Russia’s invasion of Ukraine is forcing Europe to diversify its energy supply. Energy Vanguard gathered that LNG is fast becoming the …

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 …

There are indications that the price of Premium Motor Spirit (PMS) may hit N320 per litre later this month as the Federal Government has concluded plans to remove subsidy on the product as part of the ongoing implementation of the Petroleum Industry Act (PIA). It was gathered that the skyrocketing …

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, …

The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central Bank of Nigeria, Godwin Emefiele, over non-remittance of $19.25bn (approximately N3.24tn) revenue that accrued from sales of crude oil in 2014. Chairman of the House Committee …

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 …

In continuation of its meeting with stakeholders in the distribution and sales of premium motor spirit, popularly called petrol, The Presidential Task Force on Petroleum Distribution and Monitoring has met with the major marketers of the product with a view to solving some of the teething challenges militating against the …