In a bid to end the ongoing fuel crisis, President of the Senate, Dr Bukola Saraki, on Thursday, directed the Senate Committee on Petroleum Resources (Downstream) to cut short its recess and immediately convene a meeting with industry stakeholders.
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The Nigerian National Petroleum Corporation will soon shut down three of its four refineries, Group Managing Director, Dr. Maikanti Baru, has said.
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A daily record of operations of the Nigerian National Petroleum Corporation (NNPC) has disclosed the corporation’s plans to sustain the petrol pump price crash it started last week with a healthy build-up of stocks.
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The Nigerian National Petroleum Corporation (NNPC), on Sunday, said its sustained, strategic intervention in the supply and distribution of petroleum products, has led to significant price fall of products nationwide.
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The Nigerian National Petroleum Corporation on Tuesday announced the reorganisation of its management staff in a major shake-up that affected 55 top executives.
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Oil marketers have said they will embark on mass retrenchment following the failure of the Federal Government to pay the debt owed them for importation of petroleum products as well as the accrued interest on loans from banks and exchange rate differential.
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has stated that the federal government might sold the country’s refineries as scrap metals in few years’ time if the Nigerian National Petroleum Corporation (NNPC) did not sit up and make the refineries to be functional.
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Nigeria’s refineries – the Port Harcourt Refining Company Limited Port Harcourt Refineries Corporation (PHRC); Kaduna Refining and Petrochemicals Company Ltd. (KRPC); and Warri Refining and Petrochemicals Company Ltd. (WRPC) realised N62 billion from refined products in May 2017.
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The Nigerian National Petroleum Corporation (NNPC) has advised consumers of Petroleum products across the country not to engage in panic buying as a result of the fire incident which occurred in the wee hours of Saturday July 15 at a tank farm at Calabar Free Trade Zone (CFTZ), in Cross Rivers State.
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Members of the Association of Mega Filling Station Owners of Nigeria, AMFSON, have concluded plans to shut down headquarters of the Nigerian National Petroleum Corporation, NNPC, Abuja.
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The Nigerian National Petroleum Corporation (NNPC) says it supplies five million litres of Dual Purpose Kerosene (DPK) consumed in the country.
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The Federal Government’s ban on the importation of dirty fuels into the country failed to come into effect on July 1, 2017 as announced in December last year.
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