The Nigerian National Petroleum Corporation will soon shut down three of its four refineries, Group Managing Director, Dr. Maikanti Baru, has said.
Continue reading »WHY WE ARE SHUTTING DOWN REFINERIES – NNPC
Tag: Port-Harcourt Refinery
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.
Continue reading »MAJOR SHAKE-UP IN NNPC: 55 TOP MANAGERS AFFECTED
The Nigerian National Petroleum Corporation on Tuesday announced the reorganisation of its management staff in a major shake-up that affected 55 top executives.
Continue reading »INVESTORS TO BUILD TWO REFINERIES IN PORT HARCOURT, WARRI –NNPC
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.
Continue reading »FG MAY SELL NNPC’S REFINERIES AS SCRAP METALS, SAYS KACHIKWU
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.
Continue reading »REFINERIES REALISE N62 BILLION FROM REFINED PRODUCTS
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.
Continue reading »NIGERIA’S REFINERIES PRODUCE 5M LITRES OF KEROSENE DAILY, MEETS 60% OF DOMESTIC CONSUMPTION- NNPC
The Nigerian National Petroleum Corporation (NNPC) says it supplies five million litres of Dual Purpose Kerosene (DPK) consumed in the country.
Continue reading »FG TO EXECUTE THREE-PRONGED STRATEGY TO END FUEL IMPORTATION BY 2019
To achieve the President Muhammadu Buhari administration’s target of meeting the nation’s needs and end the importation of petroleum products by 2019 which cost the country N3.35 trillion last year, the Ministry of Petroleum Resources is executing a three-pronged strategy.
Continue reading »NNPC FORCES DOWN PRICE OF DIESEL ACROSS NIGERIA BY 42 PERCENT
The Nigerian National Petroleum Corporation, NNPC, on Sunday, disclosed that some of its key strategic interventions have led to a crash in the price of Automotive Gas Oil, AGO, otherwise called Diesel, to between N175 to N200 per litre across the country.
Continue reading »N4.74TN SPENT ON FUEL IMPORTS IN 2016 – KACHIKWU
In the last one year, the country has spent about N4.74tn on the importation of petroleum products, an amount that is made up of N3.4tn for the actual products and N1.34tn on logistics.
Continue reading »SENATE ASKS FG TO STOP PORT HARCOURT REFINERY CONCESSION
The Senate has directed the Ministry of Petroleum Resources and the Minister, Dr. Ibe Kachikwu, to immediately stop all processes relating to the planned concession of the Port Harcourt Refinery to Agip and Oando Plc.
Continue reading »REPS URGES PORT-HARCOURT REFINERY TO IMPROVE ON PETROL PRODUCTION
The House of Representatives Ad-hoc Committee on Review of Pump Price of Petrol has urged the Port-Harcourt Refining Company (PHRC) to improve on 3.523 million litres of petrol (Premium Motor Spirit) produced per day.
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