Key stakeholders from the coastal Gbaramatu Kingdom, Delta State, where ex-militant leader, Government Ekpemupolo (aka Tompolo), hails from have met with the Federal Government officials to prepare the ground for participation in the new policy to introduce modular refineries in the Niger Delta. The team from Gbaramatu led by the former Chairman of the Delta State Oil Producing Areas Development […]
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The Nigerian National Petroleum Corporation (NNPC) has said it would support plans by the federal government to formalise illegal crude oil refining operations in the Niger Delta, saying it was part of the antidotes to criminality including militancy in the region. According to the corporation, the government’s decision would take away from the streets of the region, many of its […]
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The Federal Government is currently working towards making some illegal refiners in the Niger Delta and local communities in the region shareholders in the proposed modular refineries concept. This is one of the falls-out of the ongoing engagements in the region being spearheaded by Vice-President Yemi Osinbajo. A government official who spoke on the condition of anonymity disclosed this to […]
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The Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) are heading for a collision over the introduction of Bulk Purchase Agreement (BPA) fee by the corporation. The marketers alleged that NNPC introduced BPA fee of N125,000.00 yearly for bulk buyers of petrol and also directed that each marketer should make five years upfront payment, […]
Continue reading »The Nigerian National Petroleum Corporation, NNPC, yesterday, denied any plan to further hike the price of Premium Motor Spirit, PMS, also known as petrol, stating that current realities on ground didn’t support any increase. Addressing newsmen in Abuja, Group General Manager, Group Public Affairs Division of the NNPC, Mr. Muhammad Garba-Deen, said there was absolutely no plan by the Federal […]
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Former and present Group Managing Directors of the Nigerian National Petroleum Corporation have expressed fears that the current pump price of N145 per litre is no longer feasible. They said the amount does not correspond with the price-determining components of the commodity and the fluctuations of the foreign exchange rate. They stated this after a one-day meeting they held with […]
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As part of the efforts to address frequent disruptions to the supply of crude oil to the Kaduna Refinery and Petrochemical Company (KRPC) as a result of the Niger Delta militancy, the Nigerian National Petroleum Corporation (NNPC) is considering importing crude oil from Chad and Niger Republic, investigations by THISDAY have revealed. This is coming as the President of the […]
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NNPC Group Managing Director, Maikanti Baru has ruled out the possibility of any increment in petrol pump price. Baru said this today to state house correspondents while reacting to media reports that oil marketers may soon increase pump price of petrol due to the scarcity of dollar and high exchange rates. According to Baru, he has not gotten any presidential […]
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The ongoing strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Friday reduced loading activities at depots in Apapa, Lagos, raising the prospects of another round of supply challenges especially outside the South-West. Loading at Apapa depots, where many marketers load petroleum products to other states, was hampered by the non-availability of oil workers to […]
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