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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It was Benjamin Franklin, a founding father of America that once said, “By failing to prepare, you are preparing to fail”. According to Murphy’s Law, “anything that may go wrong will”. Therefore it is wise to be prepared for the potential mishaps consistent with any human activity.
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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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—- Operators blame NIMASA, NNPC, fault Cabotage Law, others Scores of Nigerian vessels are currently lying idle and rotting away on the high sea due to a shortage of cargoes or lack of maintenance.
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Caverton Helicopters, a subsidiary of Caverton Offshore Support Group Plc. a fully indigenous company listed on the Nigerian Stock Exchange has been awarded a 5-year logistics support contract by CNL, operator of the NNPC/CNL Joint Venture, for provision of aviation services with a 2-year renewable option.
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The United States of America Trade and Development Agency (USTDA) has approved a grant of $1 million (N360 million) for the detailed engineering design of 20,000 barrel per day (bpd) modular refinery in Lagos.
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The Nigerian National Petroleum Corporation on Thursday said two private Nigerian companies had been selected to build two refineries in Port Harcourt and Warri under the co-location initiative of the Federal Government.
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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 Economic and Financial Crimes Commission (EFCC) on Friday said it had a strategy in place to check fraudulent activities in the country’s petroleum product depots.
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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Monday appealed to the NNPC to provide alternative loading depots for petroleum tankers to check the recurring gridlock in Apapa area of Lagos State.
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