nnpcl
Aliko Dangote, Africa’s leading industrialist, has announced that petrol produced from his 650,000 barrels per day refinery will be available at filling stations within the next 48 hours. This follows the formalization of modalities with the Nigerian National Petroleum Company Limited (NNPCL). During a press briefing, Dangote revealed that the pricing of petrol […]
Alhaji Umar Ajiya, the Nigerian National Petroleum Company Limited’s (NNPCL) financial officer, revealed that no one had received fuel subsidies in the previous nine months. Ajiya stated that the NNPCL is handling the Premium Motor Spirit (PMS) importation gaps between the corporation and the federation during a news conference in Abuja. “NNPC Ltd. has not […]
The Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL) Mele Kyari, has said the Port Harcourt refinery will commence operations in about two weeks time. According to Kyari, mechanical works have been completed on the Port Harcourt, Warri, and Kaduna refineries, stressing that the Kaduna refinery will commence operations in December. Kyari […]
Oil marketers raised anxieties recently, expressing fear that the Naira’s depreciation against the dollar (currently around N1,450/USD) could translate to higher pump prices for petrol. They questioned how the Nigerian National Petroleum Company Limited (NNPCL) could maintain current subsidized fuel costs with increasing import costs. However, at an event in Abuja, the Minister of State […]
As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company. This, it said, was […]
In a move heralding a potential new era for Nigerian energy, the Federal Government has proudly confirmed the resumption of operations at the Port Harcourt Refining and Petrochemical Company, marking a milestone in the country’s quest for domestic fuel production. This long-awaited news brings to an end months of anticipation, following previous assurances from the […]
With just 26 days remaining before the December deadline, the Nigerian National Petroleum Corporation Limited (NNPCL) faces intensifying pressure to fulfill its promise of completing the Port Harcourt Refinery revamp. The state-owned oil company’s November 23rd confirmation that the refinery will be operational by December has ignited widespread skepticism, with analysts expressing doubts about the […]
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