Tag: NNPCL

  • NNPCL must act -Reps on vandalized Ore depot

    NNPCL must act -Reps on vandalized Ore depot

    The House of Representatives has passed a resolution urging the Nigerian National Petroleum Corporation Limited (NNPCL) to expedite the rehabilitation of vandalized pipelines that link to the Ore depot in Ondo State, with the objective of facilitating the immediate resumption of operational activities at the facility.

    This resolution was adopted following the presentation of a motion by Rep. Festus Adefiranye (APC-Ondo) during the plenary session on Wednesday.

    Inaugurated in 1979 with a 22 million liter capacity, the Ore depot is essential for petroleum distribution and price stability, Adefiranye noted.

    He stressed its importance as a hub for the South-West and surrounding states, facilitating economic activities and lowering transportation costs for consumers and marketers.

    Rep. Adefiranye stated that the pipelines responsible for supplying and evacuating products to and from the Ore depot have been subject to vandalism for an extended period without any remediation efforts.

    This prolonged neglect, he emphasized, has resulted in a disruption of petroleum product supply, an increase in the costs of such products, and undue hardship for Nigerian citizens.

    Restoring the Ore depot’s functionality would significantly reduce road accidents, vehicle wear, fuel costs, and operational risks, according to Adefiranye.

    He further emphasized that the facility’s neglect undermines federal efforts to diversify the economy, create jobs, and improve business conditions for petroleum-dependent SMEs.

    Adefiranye argued that revamping the Ore depot would improve fuel availability and affordability, boost economic activity, create jobs, and increase government revenue.

    Speaker Abbas then directed the Committee on Petroleum Resources (Midstream) to assess the depot’s condition and ensure prompt restoration.

  • Just In: See new price as NNPCL reduces fuel price

    Just In: See new price as NNPCL reduces fuel price

    The Nigerian National Petroleum Company Limited (NNPCL) on Monday decreased its fuel pump price from ₦945 to ₦860 per litre.

    TheNewsGuru reports some retail outlets of the NNPCL, confirmed the reduction based on observations from adjustment on their meters.

    Although, there is no official communication on the price reduction yet, some fuel marketers confirmed the development to newsmen.

    Speaking to the Punch, The National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Hammed Fashola, said that the NNPCL is working on updating its portal with the new price.

    “It is true, NNPC is selling petrol at ₦860 in the filling stations. Though this has not been reflected on the portal, they told me they are working on 

    Also, the National President of the Petroleum Products Retail Outlet Owners Association of Nigeria, Billy Gillis-Harry, confirmed the price reduction.

    He said, “They reduced the pump price earlier this morning but I’m yet to get the details.”

  • Our PMS is high quality – NNPCL

    Our PMS is high quality – NNPCL

    The Nigerian National Petroleum Company Limited (NNPC Ltd.), says that the Premium Motor Spirit (PMS), known as fuel, being dispensed at its various retail outlets is high quality.

    The NNPC Ltd. in a statement issued by its Chief Corporate Communications Officer, Olufemi Soneye said that the clarification was necessary following a misleading viral video online, which claimed that NNPC fuel does not last.

    Soneye said the assertion, which was baseless and entirely unfounded, was originating from unverified and amateur research that lacked credibility, accuracy, and professional oversight.

    “NNPC reaffirms that its fuel is carefully formulated with one of the best compositions, ensuring optimal efficiency, durability, and environmental sustainability for consumers.

    “It is important to emphasise that a significant percentage of PMS sold at NNPC retail stations in Lagos, where this deceptive video was created is sourced from the Dangote Refinery, our strategic partner in promoting local production and energy security.

    “The Dangote Refinery adheres to strict industry standards, guaranteeing the quality of petroleum products supplied to our consumers.

    “This misleading video represents yet another desperate attempt by economic saboteurs to misinform the public and tarnish NNPC Ltd’s reputation.

    “We will not tolerate deliberate misinformation designed to undermine our operations and mislead Nigerians,” he said.

    He said henceforth, the NNPC Ltd. would take legal action against individuals or groups who intentionally spread falsehoods about its brand and operations.

    The spokesperson said those engaged in such malicious activities would be held fully accountable under the law.

    “We urge the public to disregard such fabricated content and rely on verified sources for accurate information.

    “The NNPC Ltd. remains steadfast in its mission to ensure fuel availability, affordability, and quality for all Nigerians while maintaining global industry standards,” Soneye said.

  • After Dangote annoucement, NNPCL increases fuel price

    After Dangote annoucement, NNPCL increases fuel price

    Retail outlets owned by the Nigerian National Petroleum Company Limited (NNPCL) have effected an upward adjustment in the petrol pump price.

    The new price template effected nationwide on Tuesday also increased NNPCL price in Lagos from N925 to N960 per litre.

    According to PUNCH, some of the filling stations indicated that the price has been adjusted.

    The amount is N20 or 2.1 per cent more than the N970 retail price announced by the Dangote Refinery in partnership with MRS filling station, Ardova, and Heyden.

    The price adjustment reflects ongoing market dynamics and aligns with the deregulation policy in the petroleum sector, which allows prices to fluctuate based on supply and demand.

    This increase follows recent developments in the sector, including the commencement of loading operations at the Dangote Refinery, expected to reshape the fuel supply chain in Nigeria.

    Recall that on Friday, the pump prices of petrol rose to between N1,050 and N1,150 per litre following the hike in the cost of the commodity by the Dangote Petroleum Refinery and various depot owners.

    The $20bn plant raised its PMS from N899/litre to N955/litre at its loading gantry.

    Dealers confirmed that PMS prices would continue to rise since the major component in fuel production, crude oil, has been on the upward swing lately.

    At an NNPCL outlet at Airport Junction, Abuja, our correspondent observed that the station sold at N990 per litre from N965 it sold on Monday.

    Another station at Life Camp listed its products at N970 per litre but was not selling to waiting for customers when our correspondent visited.

    Another station at Mabuchi was still selling at its previous price of N965 per litre.

    Meanwhile, major and independent marketers have increased petrol prices to a peak cost of N1,030 per litre.

  • Just in: Stop denigrating office of former President- Obasanjo blasts NNPCL

    Just in: Stop denigrating office of former President- Obasanjo blasts NNPCL

    Ex-President, Olusegun Obasanjo, has blasted the Nigerian National Petroleum Corporation Limited (NNPCL) over its recent invitation to tour the Port Harcourt Refinery and verify its current operational status.

    Recall the invitation comes in response to Obasanjo’s recent interview with a national Television, where he referenced advice from Shell Petroleum Development Company (SPDC) indicating that the refinery might not function efficiently. SPDC, which was approached for equity participation in the refinery, reportedly raised concerns about corruption affecting its operations.

    The former president also accused NNPCL of allegedly misleading Nigerians about the refinery’s performance.

    Obasanjo said the oil company had not sent any formal invitation to him as of Thursday, January 2, 2024.

    He said, “Is that the right way to invite a former president of the country? Who says Baba has even seen the statement or read the news? It is a total disrespect for the office of the former president.

    “Ask the NNPCL that as of January 2, have they written to him? Is there any official letter addressed to him, inviting him to the refinery? It is an absolute insult, and the former president cannot dignify such with a response.”

  • Just In: Like Dangote, NNPCL slashes petrol price (See new price)

    Just In: Like Dangote, NNPCL slashes petrol price (See new price)

    The Nigerian National Petroleum Company Limited on Saturday announced a reduction in prices of its Premium Motor Spirit (PMS), also known as petrol, from N1,020 to N899 per liter.

    The National Public Relations Officer of the Petroleum Products Retail Outlets Owners Association of Nigeria, Dr Joseph Obele, confirmed the announcement, in a statement, days after the Dangote Refinery reduced its price to N899.

    Obele, quoted a document released by NNPCL’s Commercial Department, indicating a reduction based on regional pricing scheme.

    The price indicated that marketers will buy the product at N899 per litre, matching the price offered by the Dangote refinery few days ago.

    Marketers purchasing from Warri, Oghara, Port Harcourt and Calabar will, however, pay N970 per litre to offtake products.

    The statement read, “The Nigerian National Petroleum Company Limited has taken a significant step in response to the competitive impact of deregulation in the downstream sector.

    “The company recently reduced the ex-depot price of Premium Motor Spirit from N1,020 to N899 per litre.

    “The price reduction by NNPCL is seen as a response to the competitive impact of deregulation, which has led to increased competition in the downstream sector.”

  • Port Harcourt Refinery Export: Group faults NNPCL*

    Port Harcourt Refinery Export: Group faults NNPCL*

    The National Transparency Watch has faulted the Nigerian National Petroleum Company Limited (NNPCL) for failing to make the fair disclosures that Nigerians demanded following its admission of selling products from Port Harcourt Refinery to Dubai-based Gulf Transport & Trading Limited (GTT).

    In a statement signed by the Coordinator of National Transparency Watch, Ademola Moses, in Abuja on Monday, expressed disappointment that NNPCL has yet to respond to the demands of Nigerians 72 hours after it admitted selling a cargo of Port-Harcourt low sulfur straight run fuel oil (LSSR) to GTT, noting that such reluctance attests to NNPCL having something to hide about the transaction.

    Moses expressed concerns that “NNPCL’s choice of GTT rings alarm bells considering that this same entity has featured prominently in all of the corporation’s infractions, especially in its dabbling into contaminated and sanction-tainted Russian oil.

    “Consequently, we challenge NNPCL to disprove that GTT is not connected with its scam enterprise of bringing blended Nigerian products affiliated with sanctioned products into Nigeria.

    “The corporation should convince Nigerians that the products it claimed to have traded from Nigeria are not meant to be swapped with off-spec fuel from Eastern Europe, which reports have confirmed are still being imported even though NNPCL is bizarrely exporting low sulfur straight run fuel oil, which could have been further processed to meet domestic demand.

    “We further challenge NNPCL to deny that its off-taker, GTT is not one of the companies that Adisu Aliyu set up in Dubai Multi Commodities Centre (DMCC) alongside another company, Polypro Trading and that Adisu Aliyu is not fronting for NNPCL CEO, Mele Kyari, for whom he runs the two companies,” Moses said.

    He further revealed that “the cargo that DTT reportedly took was a ploy to make people believe that what they had set up in Eleme (Port Harcourt) is a refinery. But what they will do is transship that cargo to Central Europe and send it back to Nigeria.”

    “This is nothing short of state-supported deceit. Adisa Aliyu is the owner of Matrix Energy, who is the arrowhead of the criminal blending going on in Malta. He has a substantial investment in the rehabilitation of the PH Blending plant and this is them fast-tracking their cashing out,” he revealed.

  • P’Harcout Refinery: CSO slams NNPCL for deridng host community leader

    P’Harcout Refinery: CSO slams NNPCL for deridng host community leader

    For coming out to deride a leader from the host community of the Port Harcourt refinery, a group, known as Network of Oil Producing Communities in Nigeria (NOPCN), has come hard on the foremost regulatory agency, Nigeria National Petroleum Corporation Limited (NNPCL).

    This was, even as, the group has called on President Bola Tinubu to relieve the Group Chief Executive Officer (GCEO) of NNPCL, Mallam Mele Kyari of his duties, for misleading the President and Nigerians about the operation of the Port Harcourt refinery.

    In a statement on Sunday signed by the President, Engr. Igeniwari Edward, and Comrade Omototsho Ogbe, the group corroborated the comments of the Secretary of the Alesa Community Stakeholders, Timothy Mgbere, saying, the petroleum products loaded from the newly rehabilitated Port-Harcourt Refinery were not freshly refined but dead stocks left in the storage tank of the facility since 2016.

    “Before shutting down in 2016, the Port Harcourt refinery had some large quantity of dead stock left in the tank, and were only evacuated from the storage to some trucks during the rehabilitation of Old Area 5.

    “Some dead stocks like Premium Motor Spirit (petrol) DPK (kerosene), and Automated Gas Oil (diesel) were stored in the tanks in large quantity. What NNPC did was to evacuate them into waiting trucks, making the President and Nigerians to believe they were loading freshly refined products into those trucks.

    “It is not only Chief Mgbere that knew about this fact, all of us from Alesa, infact, all the suburbs in Eleme can attest to this.

    “It also doesn’t surprise us that the NNPCL shut down the refinery sooner than they claimed it was operating. That’s because they ran out of lies and couldn’t cajole the President any further.

    “Kyari should be so sober right now and I believe he is already aware that the much celebrated 60,000 capacity segment of the refinery they claimed to have rehabilitated was shut down 2 days ago and no activity is happening there any longer.

    “The President should not wait any further before he sacks Mele Kyari and all his accomplices in this national monumental trick they pulled on Nigerians on Tuesday. He should not only be sacked, Kyari should tell Nigerians what happened to over N17 trillion naira injected into the Port Harcourt, Warri and Kaduna refineries.

    “Nigerians should also join our Network to say NO to conversion of any of the refineries to a blending plant. We all know the environmental degredations our people having been facing over oil exploration and bunkering activities. We don’t want any further hazard on our land. Kyari should just deliver exactly what the government paid for and stop fighting our leaders in the host communities”, the statement read.

    Chief Mgbere, Secretary to Alesa Community Stakeholders Forum, had appeared on a national television show on Thursday, alleging that the Port Harcourt refinery only loaded six trucks on Tuesday, despite stating that 200 trucks would be picked up from the refinery daily, adding that the many trucks parked within the premises were tucked up with dead stock and off-spec of old products.

    Alesa, one of the 10 major communities in Eleme, Rivers State, is the host community of the Port-Harcourt Refinery.

    But in response to the allegations, the NNPCL denied claims by an Alesa community leader, in a statement signed Friday by its Spokesperson, Olufemi Soneye, saying the agency did not lie when it said the Port Harcourt refinery was producing crude oil.

    The NNPCL accused Mgbere of crass ignorance of how a refinery runs, saying he would not have dignified him with a response if not for a need to set the records straight.

    “We call on the general public to disregard the claims of the self-acclaimed ‘community person’ which are obviously borne out of sheer mischief and blatant display of ignorance,” NNPCL had said.

    Meanwhile, exclusive report emerging from Sahara Reporters Saturday night corroborated the position of the Network of Oil Producing Communities in Nigeria, that the NNPCL has shut down operation “at the moment” with only its non-petroleum unit running which is the Crude Distillation Unit (CDU).

    The CDU produces naphtha, kerosene and diesel but cannot produce the component which is needed for the Premium Motor Spirit (PMS) otherwise known as petrol, top sources at the refinery disclosed to an online newspaper.

    “The Crude Distillation Unit (CDU) is still running but the operation of the depot is shut down at the moment. The CDU produces naphtha, diesel and Kerosene but cannot produce the component for the production of PMS.

    “All these products cannot serve the masses as the production of these products are in small quantities even if the plant runs at 100% throughput. The processing plant of 150,000bpd capacity will commence operations in 2026; that is if money is made readily available to meet the timelines because at the moment the project has exceeded $2billion”, a top official of the agency revealed.

  • Just in: NNPCL fixes PH Refinery petrol price at N1,030 per litre

    Just in: NNPCL fixes PH Refinery petrol price at N1,030 per litre

    The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has confirmed that petrol from the Port Harcourt refinery will be sold at N1,030 per litre, as disclosed by the Nigerian National Petroleum Company Limited (NNPCL).

    In a statement released on Thursday night, PETROAN’s spokesman, Joseph Obele, stated that the NNPCL officially communicated the pricing to the association.

    However, in a statement on Thursday night, PETROAN mentioned that a portal for product booking has been opened and petrol is being sold at N1,030 per litre.

     

    PETROAN spokesman, Joseph Obele said, “NNPC Retail Ltd has officially announced the PMS price at the Port Harcourt refinery as N1,030 per litre. It was also communicated to PETROAN that the product request portal was open for booking/request.”

    Obele further clarified that despite earlier claims of the refinery being non-functional, the plant is currently running at 70% of its capacity.

     

    The refinery’s full capacity, which is 60,000 barrels per day, is expected to increase to 90% soon.

     

    This news comes as part of NNPC’s ongoing efforts to revive its refineries, with plans for the new refinery, which has a capacity of 200,000 barrels per day, to begin production shortly.

     

    Obele emphasized that both refineries, located in the Eleme area of Rivers State, are crucial for the country’s oil production, with PETROAN expressing interest in collaborating with all active refineries in Nigeria.

     

    Additionally, the Senate Committee on Petroleum Resources recently visited the refinery, confirming its functionality and witnessing petroleum trucks being loaded.

  • Port Harcourt refinery, another grand deception from NNPCL -Coalition

    Port Harcourt refinery, another grand deception from NNPCL -Coalition

    As reactions continue to thrill the announcement by the Nigerian National Petroleum Corporation Limited (NNPCL), that the Port Harcourt refinery has been activated for operation; a group of Civil Society Organisations has called for great caution.

    The groups, under the aegis of Coalition for Accountability and Transparency in Energy Sector (CATES), said what the NNPCL was glorifying was not a full fledged refinery which Nigerians paid for.

    In a statement on Wednesday by the Spokesperson of the Coalition, Dr. Linus Ikwur, the groups alluded that, despite the public outcry from stakeholders, organisations and individuals, warning against turning the Port Harcourt refinery to a blending plant, the NNPCL made good its intention and damned whatever would come out of it.

    The coalition described the much celebrated Port Harcourt refinery as “what I ordered, vs what I got”, saying, the NNPCL did not mean well for the country and the citizenry, by converting the heritage refinery in Port Harcourt to a mere blending plant, despite receiving huge funds to operationalize it.

    “The NNPCL was given money to turn Port Harcourt into a full fledged refinery. But now they want to turn the place into a blending plant, despite the public outcry on the dangers of having a blending plant in the region that is already suffering environmental degredation.

    “Nigerians paid for a refinery and not a blending plant. This is a clear case of what I ordered vs what I got.

    “There’s a need for great accountability, transparency and probity in ensuring that the refineries operate at 100% capacity and not as a blending plant”, the statement said.

    Speaking further, the Coalition expressed great disappointment with the announcement of NNPCL, confirming that the refinery was to serve as a blending plant, which it described as a global practise; warning that the agency should cease the deception forthwith.

    Dr. Ikwur said, “to us, it did not come as a surprise, because we saw it coming and we have raised enough alarms, so that it could be averted, but the authority kept calm, until the NNPCL perfected its plan to convert our heritage refinery into a blending plant. But we were highly disappointed, that the NNPCL misled Nigerians, including President Bola Tinubu into believing that the Port Harcourt refinery had come back to live.

    “It took the great effort of the the media, Sahara Reporters in particular, to confirm our claims that Nigerians were indeed celebrating a blending plant, and not a refinery. Nigerians are too wise for that grand deception and Mr. President should not fall for that kind of cheap attempt to score political goals by the NNPCL.

    “Mele Kyari and his cohorts should stop misleading the President. They should rather come out and explain how the over N17 trillion expended on our local refineries went and why is it that none of the Port Harcourt, Warri and Kaduna refineries is working, after receiving such a humongous funding”.

    It would be recalled that, the NNPC posted on its X handle on Tuesday, saying: “NNPC Ltd Delivers Port Harcourt Refinery as plant begins truckout of products today, Tuesday 26th November 2024 at 1.45 pm.

    “Watch the commissioning and trucking out event LIVE.”

    But an online platform in an exclusive report Tuesday night, exposed that, the NNPCL “is not trucking out Premium Motor Spirit (PMS), popularly known as petrol, from the Port Harcourt Refinery as it claimed on Tuesday”, claiming a top source within the system revealed it.

    Instead, it said the NNPCL bought “Cracked C5 petroleum resins” and blended it with other products including Naphtha to sell to the Nigerian public as though the refinery processed it.

    “The plant is running but it is the old one of 60,000bpd capacity but you can’t get PMS from it except diesel. The part that produces PMS is yet to start.

    “If you hear they are trucking out PMS from the depot, know it is a lie. They bought Crack C5 from Indorama company in Port Harcourt and blended it with Naphtha to sell to the public”, the source told Sahara Reporters.

    Unexpectedly, the Spokesperson for the NNPCL, Olufemi Soneye swiftly confirmed the claims in a statement Tuesday night, saying, “blending is a standard practice in refineries globally”.

    Soneye said, “It is worth noting that the refinery incorporates crack C5, a blending component from our sister company, Indorama Petrochemicals (formerly Eleme Petrochemicals), to produce gasoline that meets required specifications.

    “Blending is a standard practice in refineries globally, as no single unit can produce gasoline that fully complies with any country’s standards without such processes. Additionally, we have made substantial progress on the new Port Harcourt Refinery, which will begin operations soon without prior announcements”.