Tag: NNPC
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Nigeria lost $48m to pipeline vandalism, oil theft in six months – NNPC GMD
Nigeria lost $48 million to pipeline vandalism and crude oil theft between January and June 2020, it was learnt on Tuesday. It was further learnt that it is practically impossible for now to stop the smuggling of crude oil products across the country’s borders to neighbouring countries. This is even as the Federal Government requires…
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20 years after, NNPC reveals why it failed to fix Nigeria’s refineries
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has explained why the country has not been able to successfully fix the refineries after about 20 years of trying to do that. The NNPC boss said that the failure to fix the refineries over these years was a strategy problem,…
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NNPC’s Health Sector Intervention: Straightening the Issues, By Babagana Haliru
By Babagana Haliru Since the outbreak of the COVID-19 pandemic in the country when the Nigerian National Petroleum Corporation (NNPC) rallied its partners in the Oil and Gas Industry to make some strategic interventions in the Health Sector in support the Federal Government’s efforts to curb the spread of the disease, it has been largely…
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Petroleum Industry Intervention on COVID-19 earmarks 53% of funding to construction of medical infrastructure
Of the N21billion ($58million) pledged in kind as medical intervention by the Nigeria Oil and Gas Industry to combat COVID-19 and improve on healthcare delivery in the country, 53 percent of the sum pledged has been earmarked for the construction of medical infrastructure across the six geopolitical zones in the country. Ground-breaking ceremonies for the…
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NNPC threatens to cut JV contracts over inflated production costs
The Nigerian National Petroleum Corporation (NNPC) has warned contractors that it would cancel some of its Joint Venture (JV) contracts over their bloated production cost. The Group Managing Director (GMD) of the national oil company, Mr Mele Kyari, made this disclosure yesterday during the fourth edition of the Nigerian Association of Petroleum Explorationists (NAPE) webinar…
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PANDEF insists Buhari’s top managerial appointments in NNPC lopsided
The Pan Niger Delta Forum, PANDEF on Sunday insisted that so far, President Muhammadu Buhari’s appointment top managerial appointments into the Nigerian National Petroleum Corporation, (NNPC) are lopsided to favour the North region of the country where the president hails from. PANDEF in a statement signed and released by its National Publicity Secretary, Ken Robinson…
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NNPC Explains Measures to cut Crude Oil Production Cost
The Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down cost of crude oil production to $10 per barrel or below, the Corporation’s Chief Operating Officer (COO), Ventures and Business Development, Mr. Roland Ewubare, has said. A press release by the Group General Manager, Group Public Affairs Division of the corporation, Dr. Kennie…
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NNPC Expresses Commitment to Biodiversity
The Nigerian National Petroleum Corporation (NNPC) has expressed its determination to adhere to sustainable environment practices in all its operations to safeguard biodiversity in the country. Group Managing
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Petrol price: FG urged to enforce holistic industry reform
A coalition of Civil Society Organisations (CSOs) has called on the Nigerian government to enforce a holistic reform in the country’s oil and gas industry. The CSOs, comprising of 13 different organisations working to promote transparency and accountability in the industry made the call in a communique following developments in the sector. They observed that…
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NNPC to deepen business portfolios in power, medical, others
…Mulls partnership with developers to reduce nation’s housing deficit As part of measures to cope with the boom and bust cycle in the global crude oil market and to sustain revenue generation for the Country, the Nigerian National Petroleum Corporation (NNPC) is firming up a bouquet of business portfolios in the power, medical, housing and…