Nigerian National Petroleum Corporation (NNPC) could allow private investors to install two refineries on two of its sites, the state-owned oil company said on Tuesday.
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FUEL SCARCITY: NNPC TO BOOST SUPPLY WITH 2 CARGOES OF PETROL DAILY
The Nigerian National Petroleum Corporation (NNPC) says it will take delivery of two cargoes of petrol per day for the rest of February to boost supply and eradicate queues.
Continue reading »N5.76TRN TOTAL UPSTREAM NIGERIA EGINA FPSO BERTHS IN NIGERIA
The Total Upstream Nigeria Limited (TUPNI) $16 billion (N5.76 trillion) Egina Floating Production Storage and Offloading unit (FPSO) project on Wednesday arrived Nigerian shores from South Korea.
Continue reading »NSCDC IMPOUNDS 469,000 LITRES OF PETROL HEADING FOR BENIN
Men of the Niger State Command of the Nigeria Security and Civil Defence Corps (NSCDC) have arrested eight trucks laden with 469,000 litres of Premium Motor Spirit and their drivers in Mokwa, Niger State, on their way to Babana, a border town between Nigeria and the Republic of Benin.
Continue reading »PETROLEUM TANKER DRIVERS URGE GOVTS TO REPAIR BAD ROADS
Petroleum Tanker Drivers (PTD) on Wednesday threatened to boycott bad roads should the Federal Government fail to repair important roads before the rains begin.
Continue reading »NNPC DISTRIBUTES HOARDED PETROL FREE IN ABUJA
The Nigerian National Petroleum Corporation (NNPC) has embarked on dispensing of hoarded petrol to motorists to end the current scarcity of the product across the federation.
Continue reading »FUEL CRISIS: SENATE SUSPENDS RECESS, SUMMONS KACHIKWU, NNPC’S GMD, OTHERS
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.
Continue reading »WE CAN NO LONGER IMPORT, SELL FUEL AT N145/LITRE — MARKETERS
Against the latest round of fuel scarcity rocking many parts of the country, private oil marketers are calling for government intervention to enable them to access foreign exchange at a special rate for the importation of Premium Motor Spirit (petrol).
Continue reading »NNPC HAS FLOODED EJIGBO DEPOT WITH FUEL – IPMAN
The Independent Petroleum Marketers Association of Nigeria says long queues at petrol stations in Lagos and Ogun states will soon disappear as the Nigerian National Petroleum Corporation has flooded the Ejigbo depot with Premium Motor Spirit.
Continue reading »WHY WE ARE SHUTTING DOWN REFINERIES – NNPC
The Nigerian National Petroleum Corporation will soon shut down three of its four refineries, Group Managing Director, Dr. Maikanti Baru, has said.
Continue reading »FG, IOCS FINALISE EVALUATION OF BIDS FOR $13.5BN ZABAZABA DEEPWATER PROJECT
The Federal Government, Nigerian Agip Exploration Limited (NAE) and Shell Petroleum Exploration and Production Company (SNEPCo) have completed the technical and commercial evaluation of bids for the main packages in the development of the $13.5 billion Zabazaba deepwater oil field in Oil Prospecting Lease (OPL) 245 within 14 months.
Continue reading »NNPC MASSIVELY STOCKPILES PMS TO SUSTAIN PRICE CRASH
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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