Tags : NNPC

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NNPC targets investments in gas-fired 5,000Mw

The Nigerian National Petroleum Corporation (NNPC) has investment in gas-fired combined cycle power plants to produce at least 5,000Mega Watts (MW) additional power. Its Group Managing Director, Mallam Mele Kyari, broke the news while signing for the execution of the Engineering, Procurement, and Construction (EPC) and Equipment Procurement contracts for a 50Megawatts (MW) Emergency Power Project […]Read More

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Refineries Record N5.4bn Deficit, as NNPC lifts $407.15m Crude.

Amidst controversy over the state of the nation’s refineries the latest report of the Nigerian National Petroleum Corporation, NNPC, has indicated that Nigeria’s three refineries guzzled a total of N5.86 billion in overhead expenses on zero output in the month December 2020 alone. This expenditure eventually resulted in operating deficit of N5.37 billion by the […]Read More

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NNPC to resume oil exploration in Sokoto Basin

The Nigerian National Petroleum Corporation on Thursday announced plans to resume active oil exploration in Sokoto Basin. A statement issued in Abuja on Thursday by NNPC spokesperson, Kennie Obateru, said the corporation’s Group Managing Director, Mele Kyari, said exploration for crude would resume in the Sokoto Basin. The statement read in part, “Kyari also hinted […]Read More

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NNPC Now EITI Supporting Company- Kyari

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari says the corporation has become an Extractive Industries Transparency Initiative (EITI) supporting company. Kyari announced this on his twitter account @MKKYARI on Tuesday. He said that with the development, the corporation had joined a group of over 65 extractives companies, state-owned […]Read More