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Tag: NNPCL

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 […]

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 […]

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