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Tag: NNPCL

NNPCL moves to sell shares, seeks strategic partners
Oil and Gas

NNPCL moves to sell shares, seeks strategic partners

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it is in the final stages of preparations for its anticipated listing on the capital market, in compliance with the Petroleum Industry Act 2021. In a statement released on Thursday in Abuja, NNPC Ltd’s Chief Corporate Communications Officer, Olufemi Soneye, disclosed that the company […]

Nigerian National Petroleum Corporation Limited logo
News

Nigeria’s oil reforms attracted $17bn in investments – NNPCL

The Nigerian National Petroleum Company Limited has announced that reforms in the oil and gas sector, driven by the Petroleum Industry Act 2021 and executive orders from President Bola Tinubu, attracted approximately $17 billion in foreign investment in 2024. The Executive Vice President of Upstream, Udy Ntia, disclosed this during an investor session at the […]

News

NNPCL, Dangote refinery in talks to renew naira-for-crude deal

The Nigerian National Petroleum Company Limited and Dangote Petroleum Refinery are actively negotiating a new naira-for-crude agreement, as the current six-month contract is set to expire on March 31, 2025. This arrangement allows NNPCL to supply crude oil to Dangote Refinery in exchange for payment in naira, aiming to bolster domestic refining and reduce reliance […]

News

NNPCL calls for third-party operators to revive idle oil assets

The Executive Vice President of Upstream at NNPCL, Udobong Ntia, has proposed involving third-party operators to revitalize idle and underperforming oil and gas assets in Nigeria. This approach aims to boost crude oil production and optimize the country’s hydrocarbon resources. This recommendation was disclosed Ntia at on Thursday at the Heirs Energies Leadership Forum 2025 […]

News

Dangote, NNPCL refineries not meeting 50% local fuel needs – FG

Despite a combined refining capacity of 985,000 barrels per day, Nigeria’s three operational refineries—Port Harcourt, Warri, and Kaduna—supply less than 50% of the country’s daily petrol needs, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The NMDPRA stated that the supply gap is being covered by importing refined petroleum products, revealing that Nigeria’s […]

News

NNPCL wraps up recruitment process, to issue appointment letters

The Nigerian National Petroleum Company Limited announced the completion of its recruitment exercise initiated last year. In a Monday announcement, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, stated that appointment letters would be issued to successful candidates. He stated that the recruitment exercise was conducted with utmost fairness, transparency, and rigor, describing it as one […]

News

Energy infrastructure vandalism threatens Nigeria’s economy – NNPCL

The Nigerian National Petroleum Company Limited has again warned that the continuous vandalism of vital national assets—such as oil and gas pipelines, power plants, and energy installations—poses a serious threat to the economy and national development. NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, made this disclosure on Wed during a workshop and engagement session with […]

Domestic refining output falls by 92% - Report
News

NNPCL denies explosion at Warri refinery

The NNPCL has denied reports of an explosion at the newly refurbished Warri Refining and Petrochemical Company. NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, clarified this in a statement issued Friday night. Soneye dismissed reports of an explosion at the Warri refinery as false and urged the public to disregard them. He stated that the […]

News

NNPCL cuts gas flaring by 96% at key oil fields

The Nigerian National Petroleum Company Limited announced a 96% reduction in gas flaring at the Anyala (OML 83) and Madu (OML 85) fields, managed jointly with First Exploration & Petroleum Development Company Limited. This was disclosed in a statement NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, on Thursday. Soneye stated that this milestone was achieved […]

News

NNPC blames pipeline vandals for Buguma oil wellhead fire

The Nigerian National Petroleum Company Limited on Monday night attributed the recent fire incident at the Buguma oil wellhead in Rivers State to the actions of vandals. According to the company, the fire at Buguma Wellhead 008, operated by its subsidiary NNPC Eighteen Operating Ltd, was caused by vandals attempting to tamper with the Christmas […]

News

Tompolo hails Kyari for economic recovery, refinery revitalization

The Chairman of Tantita Security Security Services Nigeria Limited, Chief Government Ekpemupolo, a.k.a, Tompolo has praised the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, Mallam Mele Kyari, for his role in driving Nigeria’s economic recovery. In a statement on Wednesday, Tompolo, through his Special Adviser on Media and Communication, Dr. Paul […]

News

Concerns mount over Kyari’s tenure as NNPC GMD

There is mounting anxiety over the impending expiration of the tenure of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, and the potential appointment of a new leader for the oil giant. With Kyari set to turn 60 on January 8, 2025, many industry observers speculate that he […]

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