Sarki Auwalu, Director, Department of Petroleum Resources says Nigeria’s target of 40 billion barrels oil condensate reserve by 2025 is realistic and achievable. He says this is so, with the policies and programmes being implemented by the Federal Government. In a statement, DPR cited the News Agency of Nigeria report of...
The Nigerian National Petroleum Corporation has commiserated with the Government and people of Lagos State, and particularly the residents of Baruwa area, on the gas plant fire incident that ravaged the community in the early hours of Thursday. A press release by the Corporation’s Group General Manager, Group Public Affairs...
The Federal Government is intensifying efforts to provide Nigerians with Autogas to temper the effects of rising PMS costs in line with President Muhammmadu Buhari’s commitment to ushering in the epoch of gas as a better fuel for Nigerians. The Minister of State for Petroleum Resources, Chief Timipre Silva, disclosed...
The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity. This was the submission of the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, at...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) has been conferred with the African Leadership Commendation Award by the African Leadership Magazine. The award was conferred on him at the 5th US-Africa investment Forum and the African Business Leadership Awards 2020 which was held virtually. Speaking at the...
In keeping with the objectives of the United Nation’s 2030 Agenda for Sustainable Development and the Paris Climate Accord, the Nigerian National Petroleum Corporation (NNPC) is focusing on growing the nation’s domestic gas utilization for balanced economic growth. Group Managing Director of NNPC, Mallam Mele Kyari, disclosed this Tuesday at...
The Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO) have signed an agreement for the development and commercialization of gas from the Oil Mining Lease (OML) 143 that could help reduce gas flaring in the country. Speaking at the agreement signing ceremony which held at...
Stakeholders in the Downstream Sector of the Nigerian Oil and Gas Industry, including the Major Oil Marketers Association of Nigeria (MOMAN), have lauded the Federal Government for the courage to tackle the challenges in the Downstream Sector frontally. A press release by the Corporation’s spokesman, Dr. Kennie Obateru, stated that...
The Nigerian National Petroleum Corporation (NNPC) says indigenous companies operating in the nation’s oil and gas sector must upscale their capacity for global competitiveness. This, the Corporation said would help in achieving the target of reducing the cost of oil production in Nigeria on a sustainable basis. The Group Managing Director...
The Nigerian Association of Road Transport Owners (NARTO) has asked its members nationwide to resume operations, as the Federal Government suspended the implementation of the ban on fuel tankers with over 45,000-litre capacity. NARTO National President, Alhaji Yusuf Othman, made the call Tuesday in Abuja while giving update on the...