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Tag: NNPCL

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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 […]

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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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No Tinubu influence on NNPC operations – NNPCL

The Nigerian National Petroleum Company Limited has emphasized its operational independence, stating that President Bola Tinubu does not interfere in its activities. The national oil company clarified that decisions regarding employment, promotions, appointments, and the movement of business leaders within the organization are free from considerations of ethnicity, religion, tribe, or political affiliation, underscoring its […]

Fuel can sell for N200/litre with working refineries - IPMAN
News

NNPCL denies shutdown of Port Harcourt refinery

The Nigerian National Petroleum Company Limited has refuted claims that the re-streamed Old Port Harcourt Refinery has been shut down, stating that the refinery is fully operational. This follows alleged reports suggesting a closure shortly after the refinery resumed operations two months ago. The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, made this disclosure […]

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