PPMC earns N132bn from petrol, kerosene, diesel sales in July

Pipelines and Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), earned N132.04 billion from the sale of white petroleum...

NNPC Retail commissions new mega station

The Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru, has described the commencement of operations of the newly constructed ultra-modern mega...

NNPC trading deficit rises by 128% as refineries lose N8.5bn

The Nigerian National Petroleum Corporation (NNPC) saw its trading deficit rise by 128.5% in July to N11.87bn, with the nation’s crude oil refineries responsible...

NNPC shuts down Kaduna, Warri refineries over operation costs, TAM

The Nigerian National Petroleum Corporation (NNPC) has indefinitely shut down two of the nation’s three refineries due to increase in their operation costs and...

NNPC convinces investors to build refinery in Akwa Ibom

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Kacalla Baru, has said that he had engaged investors to establish...

Nigeria to save $15bn on fuel imports by 2019 from new oil refinery –...

The founder and Chief Executive, Dangote Group, Aliko Dangote, told attendees of the Financial Times Africa Summit in London that the refinery his company is...

DPR begins digitalisation of oil marketers licensing process

The Department of Petroleum Resources (DPR) last week launched its online license processing platform to checkmate illegal marketers responsible for diverting petroleum products and...

Eterna Oil commences local production of Castrol oil with N3bn lubricant plant

Nigeria’s local content drive in the oil and gas sector has received a major boost as an indigenous oil company, Eterna Oil expands its...

PENGASSAN, NUPENG plan nationwide strike over N800b debt to oil marketers

Petroleum and Natural Gas Workers Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG) have vowed...

Dickson meets with Shell, Agip on levies, projects in Bayelsa

The Bayelsa State Governor, Henry Seriake Dickson, has called on the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu to prevail on the Shell...

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