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Tags: NNPC

After Boko Haram attack, Nigerian govt turns to Sokoto Basin for oil search

After Boko Haram attack, Nigerian govt turns to Sokoto Basin for oil search

Few months after the terrorist group in the north eastern part of the country, Boko Haram, ambushed and killed some lecturers from the University of Maiduguri who were part of a Nigerian National Petroleum Corporation, NNPC, oil exploration team in the Lake Chad basin, the corporation said it has commissioned another team to handle a… READ MORE

Nigeria lost 700,000bpd of oil to pipeline vandalism in 2016 – NNPC MD

Nigeria lost 700,000bpd of oil to pipeline vandalism in 2016 – NNPC MD

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that an average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, saying this brought Nigeria’s production down to as low as 1.3 million barrels per day from 2.2 million barrels targeted for the period…. READ MORE

Nigeria requires $16.5bn to achieve 40bn barrels oil reserves target

Nigeria requires $16.5bn to achieve 40bn barrels oil reserves target

To achieve the set target of 40 billion barrels crude oil reserves by 2020, the hydrocarbon industry will require between $13 and $16.5billion over the next five years, the Chief Operating Officer, Gas and Power, Nigerian National Petroleum Corporation (NNPC), Saidu Mohammed, has said. According to Mohammed in the current edition of NNPC Newsletter, under… READ MORE

Nigeria: NNPC Crashes Petrol, Cooking Gas Prices Nationwide

Nigeria: NNPC Crashes Petrol, Cooking Gas Prices Nationwide

The Nigerian National Petroleum Corporation (NNPC) has said sustained strategic intervention in the efficient supply and distribution of petroleum products has led to significant fall in the prices of petrol, and liquefied petroleum gas (LPG), also known as cooking gas, nationwide. In a statement yesterday, Ndu Ughamadu, spokesman of the corporation, said a national survey… READ MORE

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