Tag: NNPCL

NNPCL begins sale of Utapate crude to international refiners

Aminu Imam
NNPCL begins sale

The Nigerian National Petroleum Corporation Limited (NNPCL) says it has commenced sales of its latest crude oil grade, the Utapate crude oil blend, to international refiners, six months after it began exploration. It said the development is a major boost for Nigerias crude oil production, revenue generation and economic growth efforts. An issued statement signed by the NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, yesterday in Abuja, stated that the new product was unveiled before a packed audience of European crude oil marketers at the ongoing Argus European Crude Conference,…

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NNPCL: Importation of 1.6bn litres of PMS will cripple our economy – CSO warns

Aminu Imam
CSO warns on NNPCL

Threatens mass protest if The Coalition of Civil Society Organisation, (NICOSO), has threatened to go on protest over the decision by the Nigeria National Petroleum Company Limited (NNPCL), to import over 1.6 billion litres of Premium Motor Spirit (PMS). The group, on Tuesday, described the move as not just a policy misstep but a deliberate move to undermine Nigerias local refining potential, cripple the economy, and deepen the hardship faced by ordinary Nigerians. It therefore listed out certain conditions to be met, failure of which it said NICOCSO will organise…

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NNPCL, ?angote Refinery sign 10-yr gas supply deal to boost domestic production

Aminu Imam
NNPCL signs sale deal with ?angote

The Nigerian National Petroleum Company Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has executed a Gas Sale and Purchase Agreement (GSPA) with ?angote Petroleum Refinery and Petrochemicals FZE. According to an issued statement on Wednesday by the NNPCL Chief Corporate Communications Officer,  Olufemi Soneye, the agreement, signed by the NGML Managing Director, Justin Ezeala and the President/CEO of the ?angote Group, Aliko ?angote outlines the supply of natural gas for power generation and feedstock at the ?angote Refinery, in Ibeju-Lekki, Lagos State. The…

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“Battle oil mafia; NNPCL should make refineries work” – Obaigbena

Aminu Imam
Obaigbena on Oil mafia

Chairman and Editor-in-Chief of THISDAY Media Group and ARISE news channel, Nduka Obaigbena, has challenged the Federal Government to put the four government-owned refineries in the country to work, to checkmate the oil mafias in the country. Obaigbena, speaking as the Chairman of the All Nigeria Editors Conference in Yenagoa, Bayelsa State, said, If we are going to use whatever means to deal with the oil mafias, we should keep our refineries alive. If you say you want to stop monopoly, then our four refineries must work. Let those four…

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“We hired helicopter that crashed” NNPCL

Aminu Imam
NNPCL on helicopter crash

The Nigerian National Petroleum Corporation Limited, (NNPCL), has said that it hired the helicopter that crashed into the river in Rivers State yesterday. Its Chief Corporate Communications Officer, Olufemi Soneye, who confirmed the development in an issued statement yesterday, said in the statement: On the 24th of October 2024, about 11:22am, we lost contact with the Helicopter Register Number: 5NBQG, engaged by NNPC Limited, that took off from Port Harcourt NAF Base en route the FPSO NUIMS ANTAN. The helicopter was operated by East Winds Aviation. As earlier…

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DSS-brokered peace: NNPC to sell PMS to IPMAN at N995/litre

Aminu Imam
NNPCL on fuel sale

The Nigerian National Petroleum Company Limited, (NNPCL), has finally agreed to sell petrol to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), at N995 per litre. This comes following the intervention of the Department of State Services (DSS), in the squabble between the two parties. IPMAN’s National vice-president, Hammed Fashola, stated that the intervention of the DSS solved a lot of challenges facing marketers. Fashola also confirmed that through their intervention, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA) agreed to pay the associations outstanding N10bn while…

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Transparency Group demands immediate removal of Mele Kyari, all Directors

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Transparency Group demands

Says, “WeII occupy NNPCL Towers” The Transparency Advocacy for Development Initiatives, (TADI), has called for the immediate and urgent dismissal of Mele Kyari as the Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, (NNPCL), along with his entire leadership team. According to the group, Kyaris tenure has been a catastrophic failure, marked by broken promises, gross mismanagement and alleged systemic corruption, saying all this has left Nigeria reeling from an enduring fuel crisis and a crushing debt burden. The groups statement, signed by its Programmes, Research,…

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Petrol: NNPCL sparks national outrage with shocking price hike by 15%, to N1,030Independent marketers sell for N1,200

Aminu Imam
Fuel price hike

The Nigerian National Petroleum Company Limited, (NNPCL), has raised its pump price of petrol in Abuja by 14.8 percent, to N1,030 per litre from N897. The latest price increase makes it the second time the petrol price has been hiked in the past month. Recall that the company had in September increased pump price from N615 per litre to N897. The price hike follows the NNPCLs decision to terminate its exclusive purchasing agreement with Dangote Refinery. As a result, the NNPC will no longer act as the sole off-taker for…

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Mele Kyari, NNPCL under fire over $2bn P’Harcourt refinery project

Aminu Imam
Mele Kyari, NNPCL

Members of the All Progressives Congress (APC), under the aegis of the APC Youth Solidarity Network, have voiced strong criticisms of the Nigerian National Petroleum Company Limited (NNPCL) over what they describe as a $2 billion waste in failed attempts to revitalise the Port Harcourt Refinery. At a press briefing on Monday, the group through its president, Olayemi Isaac, accused NNPCL, under the leadership of Mele Kyari, of failing to make the refinery functional despite multiple promises and substantial funding. He stated, We demand the immediate investigation and probe into…

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NNPCL plans new price adjustment, as ?angote petrol reaches Nigerian markets

Aminu Imam
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The Nigerian National Petroleum Company Limited (NNPCL) is set to introduce a new pricing structure for petrol after sourcing approximately 103 million liters from ?angote Refinery between September 15 and 30, according to sources. This follows NNPCLs recent price increase on September 3, raising petrol prices at its stations from N617 per litre to between N855 and N897. During this period, the refinery dispatched 2,207 out of the 3,621 trucks sent, transporting 102,973,025 liters – just 26% of the planned 400 million liters at a daily target of 25 million…

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