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Tag: NNPCL

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 […]

News

NNPCL secures $1bn crude-backed loan for Dangote refinery – Soneye

The Nigerian National Petroleum Company Limited stated it obtained a $1 billion crude-backed loan to support the commencement of operations at the 650,000 barrels-per-day Dangote Petroleum Refinery. The company also facilitated the $3 billion Gazelle loan as a crucial measure to help stabilize the nation’s foreign exchange crisis. This was disclosed by the Chief Corporate […]

News

P’Harcourt refinery starts production with truck loading underway

The state-owned Port Harcourt Refinery has commenced production of petroleum products. This was disclosed by the spokesperson for the Nigerian National Petroleum Corporation Limited, Olufemi Soneye on Tuesday. Soneye also confirmed that truck loading operations would start today. Soneye stated that efforts are ongoing to restore operations at the Warri Refinery. “Today marks a monumental […]

News

Nigeria’s oil production passes OPEC quota – NNPC

The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Authority have confirmed that the country’s crude oil production has surpassed the 1.5 million barrels per day quota set by the Organisation of the Petroleum Exporting Countries m. The Chief Corporate Communications Officer of NNPC, Olufemi Soneye, made this disclosure in a statement […]

News

NNPCL launches sale of new crude oil blend to global market

The Nigerian National Petroleum Corporation Limited has announced the commencement of sales for its new crude oil grade, the Utapate crude oil blend, to international refiners. This marks a significant milestone, coming six months after the start of exploration efforts. NNPCL described the development as a major boost for Nigeria’s crude oil production, revenue generation, […]

News

Why P’Harcourt refinery is yet to begin operation – NNPCL

The Nigerian National Petroleum Commission has explained the delay in the Port Harcourt Refinery project, which missed its September completion deadline. In an interview on Monday, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, cited risks and challenges associated with the rehabilitation of the refinery, describing it as a brownfield project. He added that the commissioning […]

News

No plans to sack Kyari, says NNPCL

The Nigerian National Petroleum Company Limited has denied reports suggesting that the Group Chief Executive Officer, Mele Kyari, might be removed. NNPC spokesperson, Olufemi Soneye clarified in an interview on Friday that there are no plans to replace Kyari, despite rumours circulating after a recent shakeup within the company. An international newspaper had speculated that […]

News

NNPC hits 1.8mbpd in crude output, eye 2mbpd by Dec

The Nigerian National Petroleum Company Limited has announced it has successfully ramped up crude oil and gas production to 1.8 million barrel per day and 7.4 billion standard cubic feet of gas per day. This was disclosed in a statement by the NNPCL Chief Corporate Communications Officer, Olufemi Soneye, on Thursday. NNPCL also stated that […]

Nigerian National Petroleum Corporation Limited logo
News

NNPCL appoints new CFO, EVPs

The Nigerian National Petroleum Company Limited has announced a shake-up in its key management positions to enhance operational efficiency and improve its competitive position in the global oil and gas market. In a statement by the company’s spokesperson, Femi Soneye, the board of directors approved the replacement of Mr. Umar Ajiya and Mrs. Oritsemeyiwa Eyesan […]

News

NNPC, Dangote refinery sign 10-year gas supply agreement

The Nigerian National Petroleum Corporation Limited has announced that its subsidiary, NNPC Gas Marketing Limited, has signed a Gas Sale and Purchase Agreement with Dangote Petroleum Refinery and Petrochemicals FZE. This was disclosed in a statement by the Chief Corporate Communications Officer of NNPCL, Olufemi Soneye on Wednesday. According to the statement, The GSPA between […]

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NNPC ends fuel importation, to source locally

The Nigerian National Petroleum Company has ceased importing refined petroleum products and has begun sourcing fuel from local refineries, including the newly operational Dangote Petroleum Refinery. This shift was confirmed by NNPC’s Group CEO, Mele Kyari, during the Nigerian Association of Petroleum Explorationists conference in Lagos on Monday themed ‘Resolving the Nigerian Energy Trilemma: Energy […]

NNPCL sets fuel price above N1000 per litre
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NNPCL dismisses claims of selling adulterated petrol

The Nigerian National Petroleum Company Limited has refuted claims circulating on social media that the company is selling adulterated Petroleum Motor Spirit, known as petrol. The company’s Chief Corporate Communications Officer, Olufemi Soneye, in a statement on Thursday, clarified that the allegations were false. Soneye said that the company does not sell petrol in gallons […]

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