Tag Archives: NNPC

NNPC constructs 150 million litres storage facility for Port Harcourt refinery ahead full operations

The Nigerian National Petroleum Company Limited (NNPCL) has completed the construction of a 150 million litres storage facility for the Port Harcourt Refining Company, as part of preparations for the full operations of the plant, the company announced on Wednesday. The storage facility, located in Atlas Cove, is part of …

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Extractive Industries Transparency Initiative urges clarity on NNPC’s stake in Dangote refinery

The Extractive Industries Transparency Initiative (EITI), a global transparency body, has called upon the Nigerian National Petroleum Company Limited (NNPC) to provide additional details regarding its 20 percent equity stake in the Dangote Petroleum Refinery. Read also: Dangote investors gain N514bn after refinery takeoff The EITI delegation delivered this charge …

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NNPC to prepay $3.3 Billion in royalties, taxes to Nigerian government

The Nigerian National Petroleum Company Limited (NNPCL), which obtained a $3.3 billion financing arrangement from the African Export-Import Bank last year, has disclosed its intentions to prepay future royalties and taxes to the Federal Government. The corporation intends to use the money to improve financial stability and stabilize the value …

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‘Expect normalcy soon’ NNPC says ongoing road projects in Lagos responsible for petrol scarcity

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The Nigerian National Petroleum Company (NNPC) says the petrol scarcity experienced in parts of the country is caused by the ongoing road projects in Lagos. Adeyemi Adetunji, executive vice-president, downstream, NNPC, made this known at a news conference on Tuesday. States across the country are experiencing a dwindling petrol availability …

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‘Right decision’ NNPC explains why multi-billion naira pipeline surveillance contract to Tompolo

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The Nigerian government on Tuesday described its award of multi-billion naira pipeline surveillance contract to a former leader of the Movement for the Emancipation of Niger Delta, Government Ekpemupolo, popularly known as Tompolo, as the ‘right decision’. Speaking at the 49th session of the state house briefing at the Presidential …

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‘I dare you!’ IPMAN wants approved price enforced on private depot owners

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to mandate private depot owners to sell petroleum products at approved government prices. This is contained in a statement by the IPMAN Chairman, Kano Chapter, Alhaji Bashir Danmalam, on Tuesday in …

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