The Nigerian National Petroleum Company Limited (NNPC) has reduced the price of petrol to N860 per litre. This move followed a recent reduction in pump price of the product by Dangote Refinery, which also lowered their fuel price from N890 to N825 per litre. Hammed Fashola, National Vice President of …
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THE Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, has outlined efforts and plans of the administration to achieve Nigeria’s ambitious target of increasing oil production to 4 million barrels per day by 2030. Speaking in an exclusive interview with Arise News on Wednesday, Verheijen said the government …
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THE Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC Ltd, Mele Kyari, has debunked a report claiming that the company imported over 200 million litres of Premium Motor Spirit (PMS) in February 2025. An online newspaper had reported that the national oil company imported 213 million …
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THE Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC Ltd, Mele Kyari, said he went from being an Almajiri school pupil to becoming the NNPC boss. Kyari disclosed this in a statement shared on X to celebrate his 60th birthday on Wednesday, January 8, 2025. The …
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NIGERIAN National Petroleum Company (NNPC) Limited has reduced its ex-depot price of petrol to N899 per litre in Lagos. Newsextra24 reports that the development comes days after the Dangote refinery slashed the ex-depot price of the product to the same amount. Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) announced …
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NIGERIA National Petroleum Company (NNPC) Limited has disclosed that the new Port Harcourt refinery is over 90 percent completed. Newsextra24 reports that the Port Harcourt Refining Company (PHRC) operates two refineries; the old plant with a capacity of 60,000 barrels per stream day (bpsd) and a new facility with 150,000 …
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The Nigerian National Petroleum Company Limited (NNPCL) has made its first sale of low-sulfur straight-run fuel oil (LSSR) from the Port-Harcourt Refinery. The buyer, Gulf Transport & Trading Limited (GTT) based in Dubai, is expected to load the cargo on the Wonder Star MR1 ship in the coming days. This …
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The Petroleum Products Retail Outlet Owners Association (PETROAN) has announced that the Nigerian National Petroleum Company Limited (NNPCL) has lowered the price of Premium Motor Spirit (PMS) for marketers, reducing it from ₦1,045 to ₦1,030 per litre. This update was shared by PETROAN’s National President, Dr. Billy Harry, during a …
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THE Nigerian National Petroleum Company Limited has said it is working closely with relevant stakeholders to boost crude oil production to 2 million barrels per day and above by the end of 2024. This was revealed by the Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye on Monday while dispelling …
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● OML 13 asset eyes 80,000 bpd by end of 2025 In a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the NNPC Ltd has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. It would …
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