Nigeria Refining Capacity Increases by 29% …As NNPC Cuts Losses by 16.19%

Nigeria Refining Capacity Increases by 29% The combined installed Capacity utilization of the Nigerian National Petroleum Corporation’s refineries located in Port Harcourt, Warri and Kaduna increased by about 29 percentage points in January 2017 compared with their performance in December 2016. In the latest of the Corporation’s Monthly Financial and Operations Report for January released…

NNPC to recover $184 million Crude SWAP Under-Deliveries from Companies

Ndu Ughamadu, Abuja: The Nigerian National Petroleum Corporation, NNPC, is set to recover over $184 million in product under-deliveries recorded against three oil companies in the course of reconciliation of transactions executed during the defunct crude for product swap regime. Group Managing Director of the Corporation, Dr. Maikanti Baru, told journalists in Abuja that the…

NNPC Set To Strengthen Its Anti-Corruption Drive

The Nigerian National Petroleum Corporation, NNPC has pledged to strengthen the Anti-Corruption war across its value chain to ensure efficiency and optimization of resources. This was stated in a press release issued by the Group General Manager Group Public Affairs Division of the Corporation, Ndu Ughamadu on Thursday. NNPC GMD, Dr. Baru, said as an…

Niger Delta: Buhari Presidency Activates $20b Ogidigben Gas Industrial Project

  Acting President On Gas Industrial Revolution “We are unwavering in our commitment to the Niger Delta”— Acting President Osinbajo Laolu Akande, Abuja; In what is called a ‘Gas Revolution,’ and following the renewed interactive engagements of the Federal Government with oil-producing communities in several states in the Niger Delta region, a plan to put…

NNPC loses N12.5bn from products theft in Kaduna Refinery

A disturbing revelation has come out from the Nigerian National Petroleum Corporation, (NNPC) that about 45 per cent of refined products from the Kaduna Refinery have been stolen by unknown persons. This accounts for total loss of about N12.5 billion revenue in five years by the Kaduna Refining and Petrochemical Company (KRPC), a subsidiary of…

NNPC Has 36-Day Petrol Sufficiency – Baru, GMD

The Nigerian National Petroleum Corporation (NNPC) has a 36-day sufficiency of petrol, enough to wet the country, its Group Managing Director (GMD), Dr Maikanti Baru, has said. This is disclosed in a press statement issued by the Group General Manager, Group Public Affairs Division of the NNPC, Ndu Ughamadu in Abuja. Speaking during a courtesy…

Nigeria’s crude oil swap deal rakes in $500m

The Nigerian National Petroleum Corporation (NNPC) has so far raked in about $500 million into government’s coffers from crude oil swap deals introduced in 2016, according to the Group Managing Director (GMD) of the Dr Maikanti Baru. Based on the success of the deal, the corporation says it has concluded plans to open about 128…

House of Representatives Commends NNPC on Products Supply

…Corporation to Optimize Refinery Operations The House of Representatives Committee on Petroleum Resources (Downstream) has commended the Nigerian National Petroleum Corporation, NNPC, for a seamless supply of petroleum products during the last Yuletide and New Year festive period. The Committee in an interactive session with top Management of the Corporation today in Abuja said that…

Nigerian National Petroleum Corporation Moves To Improve Diesel Quality

…As Baru Commits to Raising Status of Research & Development The Nigerian National Petroleum Corporation (NNPC) has commenced work on a scheme to improve the quality of diesel in the Nigerian market for efficient and optimal performance of diesel-powered engines. This was disclosed by the Manager, Collaborative Research of the Research & Development Division, Engr….

Baru Pledges Support for Nigerian Gas Association

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru on Thursday pledged the support of the NNPC to help the Nigerian Gas Association achieve its objectives of ensuring that the country derives maximum benefit from its huge gas resource base. Speaking while receiving the NGA delegation led by its President, Mr….

NNPC To Consider FCT In CSR Projects

Group managing director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has promised that the corporation will consider communities within the Federal Capital Territory (FCT) while siting corporate social responsibility (CSR) projects in future. Receiving a delegation of FCT Council of Chiefs, led by its chairman, HRM Adamu Baba Yinusa, the NNPC GMD noted…

NNPC assures FCT chiefs of CSR support

Dr-Maikanti-Baru-NNPC Managing Director The Nigerian National Petroleum Corporation (NNPC) says it will consider communities within the Federal Capital Territory in citing Corporate Social Responsibility projects in the nearest future. This is contained in a statement signed by Alhaji Garba Deen Muhammad, Group General Manager, Group Public Affairs Division in Abuja on Tuesday. The Group Managing…