Downstream deregulation will boost investment – Kyari

mele kyari talks on downsream dereguletion at ara meeting

The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity. This was the submission of the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, at the African Refiners Association (ARA) Week 2020 which held virtually with the theme: “Towards Cleaner Fuels for Cleaner Air.”  A press release by the Group General Manager, Group Public Affairs Division of NNPC, Dr Kennie Obateru, stated that the GMD delivered a…

Read More

NNPC plans growth in domestic gas utilization

nnpc facility in rivers state

In keeping with the objectives of the United Nation’s 2030 Agenda for Sustainable Development and the Paris Climate Accord, the Nigerian National Petroleum Corporation (NNPC) is focusing on growing the nation’s domestic gas utilization for balanced economic growth. Group Managing Director of NNPC, Mallam Mele Kyari, disclosed this Tuesday at the BusinessDay Energy Series Summit which held virtually with the theme: “Nigeria at 60: Harnessing Nigeria’s Energy for the Future”. A press release by the Corporation’s spokesman, Dr. Kennie Obateru, quoted the GMD as restating NNPC’s commitment to the aggressive implementation of the…

Read More

Local Content: NNPC advocates capacity upgrade

NNPC GMD addressing participants at local content

In order to achieve the target of reducing the cost of oil production in Nigeria on a sustainable basis, the Nigerian National Petroleum Corporation (NNPC) says indigenous companies operating in the nation’s oil and gas sector must upscale their capacity for global competitiveness.   The Group Managing Director of NNPC, Mallam Mele Kyari, stated this recently at a virtual stakeholders consultative summit organized by the Senate Committee on Local Content.  A press release by NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, quoted the NNPC GMD as saying that there was…

Read More

Explosion rocks NNPC facility in Rivers

The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture. The incident, which occurred on Tuesday during the installation of a ladder on a platform (Benin River Valve Station) for access during discharging of Gbetiokun production, unfortunately caused 7 fatalities, a release by NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, has said. The release stated that detailed investigation of the cause of the explosion…

Read More

NNPC allays fears of possible fire on dripping Lagos Pipeline

Innovative gas infrastructure: A panacea to solving Nigeria’s power problem

… Says Leaking Line Contains Water, Not Petrol The Nigerian National Petroleum Corporation (NNPC) has called on members of the public to discountenance reports of a possible fire outbreak from a vandalized point on its pipeline at Aboru Canal in Alimosho Local Government Area of Lagos State, saying that the there is no such hazard as the line in question has since been shut down for repairs and presently contains only water. The corporation, in a release by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, explained…

Read More

Delivery of AKK Project part of Next Level Agenda, says Buhari

Buhari AKK Project lunch via zoom

President Muhammadu Buhari has said that delivery of the 614km Ajaokuta-Kaduna-Kano Gas Pipeline, AKK project is part of his Administration’s Next Level Agenda for sustainable development and economic prosperity of Nigeria. The President, who stated this Tuesday while flagging off construction works on the AKK project via a virtual link from the State House in Abuja to two locations in Ajaokuta in Kogi State and Rigachukun, Kaduna State, said when completed the project would provide gas for generation of power and feedstock for gas-based industries, and also facilitate the revival…

Read More

NNPC to unveil COVID-19 Contacts-tracing App

NNPC petroleum tanker

… Deploys Online Petroleum Products Procurement Solutions In line with the Transparency, Accountability and Performance Excellence (TAPE) agenda of the present Leadership of the Nigerian National Petroleum Corporation (NNPC), and the commitment to continually deploy Information and Communications Technology (ICT) for the purposes of operational efficiency and accountability within the corporation’s system, the National Oil Company has developed a contacts-tracing software application that would be deployed in all its locations across the country. A release today in Abuja by NNPC Group General Manager, Group Public Affairs Division, Dr Kennie Obateru,…

Read More

NNPC Records ₦211.62bn from Petroleum Products Sales in February

Mele Kyari address

… Reports 111 per cent Increase in Trading Surplus The Nigerian National Petroleum Corporation (NNPC) Tuesday in Abuja announced that its Downstream subsidiary Company in charge of bulk sales and distribution of petroleum products, Petroleum Products Marketing Company (PPMC), recorded ₦211.62billion sale of white products in February 2020. A release by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, explained that the figure (₦211.62billion), contained in February 2020, NNPC Monthly Financial and Operations Report (MFOR), was significantly higher compared to the previous month’s record which stood…

Read More

NNPC reduces Ex-depot price of PMS

NNPC petroleum tanker

The Nigerian National Petroleum Corporation (NNPC) Wednesday announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre across all its products loading facilities as well as in its thru-put operations.  A release today in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Dr Kennie Obateru, quoted the Managing Director of the Petroleum Products Marketing Company (PPMC), Musa Lawan, as saying that the new ex-depot price of Premium Motor Spirit (PMS), otherwise called petrol, reflects the company’s market strategy to make…

Read More

Newly Recruited NNPC Graduate Trainees Assume Duty on Monday

NNPC petroleum tanker

More than 1,000 graduate trainees recently recruited by the Nigerian National Petroleum Corporation (NNPC) are to assume duty Monday 4 May, 2020, a release by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, has stated. The trainees are to assume duty first, virtually while the corporation monitors the COVID -19 situation and the Federal Government’s directives to determine a date of physical assumption of duty. The release said the option of virtual assumption of duty was necessitated by the need to comply with extant protocol on…

Read More