Monday, August 8, 2022
Tags NNPC

Tag: NNPC

Port Harcourt refinery to start production Q1 2023 at 60,000bpd

Italian company, TecnimontSpa, charged with the rehabilitation of Port Harcourt refinery records 1 million man-hour without a Lost Time Injury (LTI).

Nigeria’s Excess Crude Account Shrinks from $35.37m to $376,655

The share of the federal government from the total distributable revenue of N802.407 billion was N321.859 billion, the states received N245.418 billion, and the local governments got N182.330 billion.

NNPC releases new pump prices of petrol, Lagos N169, Abuja N174

A breakdown shows that in the Southwest a pump price goes for N179 from N165 per liter, an increase of N14/liter, North West N184 per liter, an increase of N19/liter, North East N189/liter, N24/liter increase, South South N179/liter, an increase of N14/liter.

N165 pump price of petrol unrealistic now- MOMAN

The MOMAN chairman noted that there is some energy nationalism going on, leading to some major refining countries hoarding petroleum products like diesel for local use as was the case with COVID-19 vaccines, adding that some developing countries are subsidizing the cost, leading to widespread outages in those countries.

NNPC sues ExxonMobil over planned onshore assets sale to Seplat

Under the agreement, Seplat was to pay $1.28 billion to acquire Exxon’s entire offshore shallow water business in Nigeria.

Why cooking gas price won’t come down- Kyari

“The world has never seen this kind of uncertainty, today countries are stockpiling products".

Reps to probe NNPC fuel subsidy claim of N2trn

In his motion, Ogun said he was informed that as of 2002, the NNPC purchased crude oil at international market prices, which stood at 445,000 barrels per day.

Senate probes Shell, demands $200m refund to Nigeria

The Ad Hoc committee was mandated to investigate the Oil Mining Lease (OML) granted to SPDC between 1959 to 1989, and 1989 to 2019 under the SPDC and NNPC Joint Venture agreement.

MOMAN offers solution to Nigeria’s current fuel scarcity

MOMAN, as an Association, fears that the current supply framework cannot guarantee steady and consistent supplies to the country given the current state of Government finances and unpredictable international supply shortages.

Removal of fuel subsidy will free Nigeria’s economy from bondage -NEITI

He said that the removal of fuel subsidy would free the country’s economy from bondage, benefit the poor majority and possibly hurt the few affluent who were currently rich in the subsidy transactions.
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