Tag: NNPC

Oil & Gas: NNPC to be fully privatised within two months
– Mele Kyari

Aminu Imam

The Nigerian National Petroleum Company Ltd, (NNPC), will become a fully private company in a month or two, Mele Kyari, GMD/CEO of the company has said. This was revealed yesterday, at the Africa Finance Corporation (AFC)’s Infrastructure Solution Summit, which was held in Abuja. According to Kyari, NNPC is the largest oil & gas company on the continent, saying, “We will become a fully private company in a month or two”. This means that the company has an opportunity to use this huge company to provide energy and close the…

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NNPC spent $1.56bn to repair moribund P’Harcourt refinery – NNPC GMD

Aminu Imam

The House of Representatives Ad-Hoc Committee on the state of Nigerian refineries was told yesterday that a total of $1.555 billion, (roughly N646.34 trillion), was budgeted for the overhauling of just the Port-Harcourt refinery. The Group Managing Director, (GMD) of the Nigerian National Petroleum Company, (NNPC) limited, Mele Kyari, made the disclosure while being grilled by the panel over the total contract sum for rehabilitating the nation’s refineries. At the resumed hearing of the committee, chaired by Hon. Abdulganiyu Johnson to determine the actual cost of monies spent so far…

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AKK Pipeline Project: NNPC to deliver first gas in Q1 2023

Aminu Imam

The Board of the Nigerian National Petroleum Company Limited (NNPC) has expressed satisfaction with the progress of work done on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project and expressed its belief that the first Quarter 2023 target for delivering it will be met. According to the NNPC’s Group General ManagerGroup Public Affairs Division, Garba Deen Muhammad, this was made known when the GMD/CEO, Mele Kyari took the NNPC Board Members on an official tour of Segment A sites in Abaji Area Council of the FCT, on Thursday. The GMD/CEO, who was…

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Illegal Crude Oil Export: Nigeria lost $1.5bn in 3 months to oil theft, vandalism – Kyari

Aminu Imam

The Group Managing Director of the NNPC Limited, Dr. Mele Kyari, has asked the House of Representatives to create special courts for speedy trials of crude oil thieves and pipeline vandals. He made the appeal on Thursday, during an interactive session with the House Committee on Petroleum Resources (Upstream), where he blamed the drop in Nigeria’s daily crude production on the activities of thieves and vandals, stressing how they have gone too sophisticated. According to the GMD, the country lost over $1.5 billion worth of crude oil to theft between…

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“Stop shielding subsidiaries if you have nothing to hide”, Reps. tell NNPC Boss

Aminu Imam

…’ We have nothing to hide,’ GMD Kyari insists The House of Representatives, yesterday, told the NNPC Limited in clear terms that it should stop shielding the heads of its various subsidiaries from investigation if it has nothing to hide from Nigerians. This was as the House Public Accounts Committee said that the company must produce before it the heads of its 17 subsidiaries indicted by the report of the Auditor-General for the Federation, (AuGF), on alleged financial infractions between 2014 and 2019. Speaking at the resumed investigative hearing on…

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H/Reps summon Petroleum, Finance Ministers, NNPC, CBN, others over poor state of refineries

Aminu Imam

The House of Representatives has invited the minister of Finance, Budget and National Planning, Zainab Ahmed, the Minister of State for Petroleum Resources, Timipre Sylva, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Ltd, Mele Kyari, and the governor of Central Bank (CBN), Godwin Emefiele, to appear before it next week Thursday to give an account of the true state of refineries and what is needed to be done for them to function at maximum refining capacity. The House Adhoc Committee investigating the state of refineries in the…

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“Your days are numbered”, Timipre Sylva tells crude oil thieves, pipeline vandals

Aminu Imam

The Minister of State for Petroleum Resources, Timipre Sylva said the days of crude oil thieves, pipeline vandals and illegal bunkers were numbered as the Federal Government would no longer condone any affront on the nation’s oil/gas installations. He disclosed this yesterday, during an on-the-spot assessment of some pipelines negatively impacted by the unwholesome activities of the criminals in Ibaa Community of Emeoha local government area of Rivers State. The Minister was accompanied by the Chief of Defence Staff, General Lucky Irabor; GMD/CEO NNPC Ltd, Mele Kyari, Chief Executive of…

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‘Resign!; 25 civil society groups urge NNPC GMD, Kyari, Farouk Ahmed over lingering fuel crisis

Aminu Imam

No fewer than twenty-five civil society organisations (CSOs) of northern extraction under a coalition of ‘Concerned Northern Forum’ yesterday called for the resignations of the Group Managing Director of the Nigerian National Petroleum Corporation Ltd, (NNPC), Mele Kyari, and the CEO of the Nigeria Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), Engr. Farouk Ahmed, over the lingering fuel crisis being experienced across the nation. Recall that the country has for the past three weeks been thrown into fuel scarcity due to imported adulterated fuel, causing long queues at petrol-filling stations.…

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NNPC apologises to Nigerians over toxic petrol

Aminu Imam

…Says fuel scarcity to end soon The Group Managing Director of the NNPC Limited, Mele Kyari, has apologised to Nigerians over the importation of toxic fuel, which caused the current scarcity of Premium Motor Spirit (PMS), otherwise known as petrol, across major cities in the country. Kyari, who appeared before the House of Representatives Committee on Petroleum Resources Downstream investigating the importation of adulterated fuel, said the NNPC was not aware of the presence of methanol in the fuel imported. He said the loading terminal where the fuel was brought…

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Adulterated Fuel: Concerned Nigerians threaten mass protest against NNPC for shielding erring importers

Aminu Imam

A civil society group, Concerned Nigerians, has threatened to storm NNPC Towers with protest if the Group Managing Director (GMD) of the Nigerian National Petroleum Company Ltd, Mele Kyari, fails to sanction the importers of “contaminated fuel” into the country. Fuel has been scarce in some major cities in the country with motorists queuing for hours in filling stations seeking to purchase fuel, arising from the importation of adulterated fuel by some marketers. Now, the civil society group in a letter dated February 14, 2022, and addressed to the Managing…

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