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Oil and Gas

NNPC Rallies States, Others to Check Pipeline Vandalism

The Nigerian National Petroleum Corporation (NNPC) is collaborating with the security agencies, states as well and community leaders to check the incidence of pipeline vandalism as well as its attendant outbreak of fire, death and destruction of property NNPC Group Managing Director, Mallam Mele Kyari,

Petrol subsidy increases by 2,000% in one year

The amount spent as subsidy on petrol increased from N2.87bn in November 2018 to about N60.37bn in November 2019, representing an increase of 2,001 per cent. An analysis of the amount spent on petrol subsidy in November this year showed that every litre of the

Dangote oil refinery key equipment arrives from China

Dangote Petroleum Refinery and Petrochemicals Company on Sunday announced the arrival of the key equipment that would process crude oil in its refinery being built in Lagos. The firm, in a statement, described the crude distillation column equipment as the largest in the world with

NNPC justifies oil search in new frontiers

Group Managing Director, Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said that exploration in the frontier basins is crucial to the nation’s quest to increase its proven oil reserves to 40 billion barrels and daily production to three million barrels per day. Nigeria with

OIL TO BE THE MOST BENEFICIAL COMMODITY FOR 2020

The commodity market has been seeing some major ups and downs, and this has led to a great fall in the commodity trading of the world, and there have been some huge losses incurred by the nations due to these losses in the commodity markets.

Assessing Nigeria’s Quest to End Petrol Importation

Nigeria’s dream of becoming a net exporter of petroleum products is gradually coming through, With the 650, 000 per day capacity Dangote Refinery and Petrochemical Plant nearing completion, and the 445, 000 per day refinery of the Nigerian National Petroleum Corporation (NNPC) witnessing aggressive Turn