Tags : NNPC

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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

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NNPC Redeploys Top Management.

Barely three months after a major reshuffle of the management team at the Nigerian National Petroleum Corporation (NNPC), the state-oil-company Sunday announced new appointments and redeployments. Coming few days after the resignation of the corporation’s Chief Operating Officer, Ventures and New Business Directorate, Roland Ewubare, the oil firm said the new development was part of […]Read More