The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims by the Nigerian National Petroleum Company (NNPC) Limited that it has been releasing hundreds of millions of litres of petrol to address the situation. In its latest weekly national PMS evacuation report for February...
NNPC
The Minister of State, Petroleum Resources, Chief Timipre Sylva, says the Federal Government and regulatory authorities are making efforts to address fuel scarcity by ensuring that supply disruption is overcome. The minister made this known to newsmen on Thursday in Abuja after a meeting with some key leaders in...
The Nigerian National Petroleum Corporation Ltd (NNPC) on Wednesday sealed a deal with partners on gas aggregation to increase local production of fertiliser in the country. The Gas Aggregation Agreement was signed in Abuja on the sideline of the ongoing fifth Nigeria International Energy Summit (NIES 2022) with the...
The Nigeria National Petroleum Corporation Ltd. (NNPC) has commenced loading of trucks at all depots to clear current scarcity experienced across the country. It added that there was availability of 1.7 billion litres of petrol currently in stock. The NNPC, Group Managing Director, Malam Mele Kyari, made this known...
The Group Managing Director, Nigeria National Petroleum Corporation Limited (NNPC) Malam Mele Kyari, says the corporation is being transformed to be the fifth Gas producing company in the world. Kyari noted that NNPC was currently working on a platform that would create a hub of gas industries that would...
The Group Managing Director, Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said International oil companies are leaving Nigeria and shifting their portfolios to where they can add value to the journey towards carbon net-zero commitment, Mr Kyari said this in a speech at the 2022 Nigerian International...
The Federal High Court, Abuja, granted a garnishee order absolute, on Central Bank of Nigeria (CBN) to release N81.9 billion to Ibeno Local Government Area of Akwa Ibom. The money is standing to the credit of the Nigerian National Petroleum Corporation (NNPC) and it’s joint venture partner, Mobil Producing...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) gave Nigerians especially those in the Niger Delta cheering news that it had achieved a 30 per cent reduction in gas flares across its operational areas over the last five years. The Group Managing Director/Chief Executive Officer, NNPC Ltd., Malam Mele...
The multinational holds 40 per cent in the partnership through MPNU and NNPC the remainder. Seplat Energy entered into a contract with a Nigerian unit of Texas-based supermajor Exxon Mobil, Mobil Producing Nigeria Unlimited (MPNU), with a view to procuring the latter’s entire oil assets in Africa’s biggest crude...
The Nigerian National Petroleum Company (NNPC) Limited started its week with an assurance to Nigerians that the distribution of Premium Motor Spirit (PMS) would soon normalise after it recalled the bad product imported into the country last week. The NNPC Group Executive Director (GED) Downstream, Adetunji Adeyemi, gave the...
By TOM CHIAHEMEN, Lagos – It has been revealed that prior to the adoption of local content by the Obasanjo Administration, the Nigerian Oil and Gas industry was characterized by massive capital flights of over $380 Billion and an estimated two million job losses over a 50-year period. Also,...
The Petroleum Tanker Drivers arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Nigerian Association of Road Transport Owners (NARTO) have shelved their planned strike. The groups had threatened to go on strike over claims of diversion of the N621bn road fund provided by...
Residents of Kaduna groaned on Wednesday as black marketers sell Premium Motor Spirit, popularly known as petrol for N1,000 per litre in parts of the state. This comes amid the fuel scarcity that hit the country recently and has yet to abate. Channels TV observed that motorists continue to...
…As NNPC CEO assures fuel queues will vanish in few days By EZEKIEL OBI, Abuja – The Chairman, House of Representatives Committee on Petroleum (Downstream), Hon. Abdullahi Mahmud Gaya has assured Nigerians that his Committee will handle companies who imported methanol-blended Premium Motor Spirit (PMS) into the country. The...
By SADIQ ABUBAKAR, Maiduguri – On Wednesday morning in Maiduguri, the capital of Borno State, most filling stations within the metropolis were shut down as a result of fuel scarcity. The long queues which started in some parts of the metropolis last week have persisted up until Wednesday. The...
By EZEKIEL OBI, Abuja – The Nigerian National Petroleum Company (NNPC) Ltd. says it has started 24-hour operations in NNPC depots and retail outlets, to restore normal supply and distribution of Premium Motor Spirit (PMS) across the country. The NNPC Garba Deen Muhammad, who disclosed this in a statement...
The Federal High Court in Yenagoa on Monday adjourned until March 22, hearing in a N 700 billion oil spill compensation suit filed by members of Aghoro I community in Bayelsa. The people of Aghoro I in Ekeremor Local Government Area (LGA) in Bayelsa sued Shell Petroleum Development Company...
The Federal Government says the N621 billion Nigerian National Petroleum Corporation (NNPC) tax intervention for road construction, is ensuring speedy realisation of the completion of the Suleja-Bida and Lambata -Bida roads. The Director, Highways Construction and Rehabilitation, Mr Folorunso Esan, said this at the inspection of the Dualisation of...
By MBAFAN ADE, Abuja – The Emadeb/Hyde/Ay Maikifi/Brittania-U Consortium has given an insight into the controversial importation of adulterated petrol into the Nigerian market, insisting that the said importation of the contaminated PMS was executed by a member of the consortium, to wit: Brittania-U. The Lead Consortium, Emadeb Energy...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has confirmed the sale of adulterated Premium Motor Spirit, otherwise called petrol, in some service outlets in the South-East. The Chairman of IPMAN, Enugu Depot Community, Mr Chinedu Anyaso, said this in an interview with the News Agency of Nigeria (NAN)...