Energy

NNPC Grants Dangote License To Import Fuel

Barring all unforeseen circumstances, Dangote imported fuel will soon enter Nigerian market as the Nigerian National Petroleum Company Limited (NNPCL ) has granted the Chairman of Dangote Group and President, Dangote Refinery and Petrochemical Company, Alhaji Aliko Dangote, licence to begin the importation of Premium Motor Spirit (PMS) or petrol into the country pending the completion of the…
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Economy

Subsidy: NNPC says the price of petrol will come down

The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, allayed the fear of Nigerians on the rising prices of Premium Motor Spirit, known better as petrol across the country. The NNPC boss said competition among major…
Energy

NNPCL opens new gas distribution center in Lagos.

Nigerian state oil company Gas Marketing Limited opened a gas distribution office in Ikeja, Lagos on Monday. Built by Tilt Energy Limited, the facility includes multiple offices, including conference rooms, reception areas, waiting rooms, and a truck loading station to…
Energy

Dangote refinery gets 300,000 barrels/day from NNPC

The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, disclosed this to journalists when he appeared at the 49th Session of the State House Ministerial Briefing organised by the Presidential Communications…
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Energy

NNPC eyes N422bn from six IOCs in August

Six international oil companies are to remit a total of N442.37bn in August 2022, being proceeds from the sale of domestic crude oil in May 2022, figures obtained from the Nigerian National Petroleum Company Limited on Monday showed. NNPC explained that the N422.37bn was for…
Energy

NNPC/TotalEnergies JV start production in Ikike field

TotalEnergies has begun oil production from the Ikike field located in oil mining lease (OML) 99. The field, owned jointly with the Nigerian National Petroleum Company (NNPC) Limited, was discovered in 1977, with TotalEnergies (the operator) holding 40 per cent shares and…