The Nigerian National Petroleum Company Ltd (NNPCL) has announced the signing of an agreement with African Refinery for a share subscription agreement with Port-Harcourt Refinery, which will enable the parties to run a 100,000bpd refinery within the Port-Harcourt Refinery complex. This disclosure was contained in a press statement on the company’s official X handle, which […]
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Ltd (NNPCL), Mr. Mele Kyari, has canvassed the need for collaboration between academia and the oil and gas industry operators in order to addressing the nation’s lingering energy insufficiency. Kyari, gave the charge on Wednesday as a guest lecturer during the 2024 faculty […]
The Nigerian National Petroleum Company Ltd (NNPCL) and the Nigerian Content Development and Monitoring Board (NCDMB) have signed a Memorandum of Understanding (MoU) with the International Oil Companies (IOCs) to reduce contracting cycle to an optimal level of not more than 180 working days. A statement issued by the NNPCL on the pact indicated that […]
…targets September gas supply timeline for project The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPCL), Mr. Mele Kyari, on Monday reported that so far the company had released the sum of $1.1bn to part-finance the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project The industry expert who […]
Barring unforeseen circumstances, the Nigerian National Petroleum Company Ltd (NNPCL) is expected to sign a Memorandum of Understanding (MoU) today on a 7,000km gas pipeline project, estimated at a cost of $25 billion, with National Office of Hydrocarbons and Mines of Morocco and the ECOWAS Commission. The signing of the agreement is scheduled to hold […]
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that electricity tariffs will from henceforth be reviewed every 6 months to adjust to foreign exchange (forex), inflation and other trends. The commission’s Chairman, Mr Sanusi Garba, who gave this hint in Abuja, recalled that the policy decision to stop the electricity subsidy was announced by the […]