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Nigerian Petroleum Development Company

Nigerian National Petroleum Corporation (NNPC)

Nigeria to earn fresh $6.35 billion in taxes, royalties

The push by the Management of the Nigerian National Petroleum Corporation (NNPC) to increase crude oil production and grow the nation’s revenue profile gained momentum with the closure of $875.75m alternative financing deal for the Nigerian Petroleum Development Company (NPDC) operated OML 65 through the Funding and Technical Services Agreement with CMES-OMS Petroleum Development Company (CPDC).
Chairman CPDC Capt Dr Idahosa Wells Okunbo and Managing Director of NPDC Alhaji Mansur Sadiq Sambo at the signing ceremony at the Grand Hyatt Hotel in Dubai.Sept 18 2019

New NPDC-CPDC deal to fetch Nigeria $6.35 billion in taxes and royalties

The push by the Management of the Nigerian National Petroleum Corporation (NNPC) to increase crude oil production and grow the nation’s revenue profile was boosted with the closure of $875.75m alternative financing deal for the Nigerian Petroleum Development Company (NPDC) operated OML 65 through the Funding and Technical Services Agreement with CMES-OMS Petroleum Development Company (CPDC).
Nigerian National Petroleum Corporation (NNPC)

NNPC redeploys NPDC staff to meet reserve target

The Nigerian National Petroleum Corporation (NNPC) has clarified the redeployment of 12 management staff of its flagship upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).
The Nigerian Guild of Editors, NGE, yesterday, expressed optimism in the ability of the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari to steer the corporation to enviable heights.

Oil search: We’re making progress in frontier basins – NNPC chief

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has raised the hope of a likely oil find in the frontier basins, saying that significant progress has been made in the ongoing exploration.
Melee Kyari

NNPC chief debunks reported explosion on pipeline

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclaimed reports of explosion on the Abura Crude Trunk line operated by the Corporation.
Modular Refinery

Edo modular refinery set to begin operation

The Edo Refinery and Petrochemicals Limited, says it will soon commence operation at its 6,000 barrels per day (bpd) modular refinery before the end of the year.

Delta community threatens to shutdown NPDC/Elcrest operations

Atesuo Community in Warri North council area of Delta state has threatened to shut down operations of the Nigeria Petroleum Development Company (NPDC) and Elcrest Exploration and Production Company, over alleged repeated failure to recognise and treat them as one of their host communities.
Nigerian National Petroleum Corporation (NNPC)

NNPC ‘not tax agency’

The Nigerian National Petroleum Corporation (NNPC) yesterday said the collection of taxes and other cash due to the Federal Government in the oil and gas industry was not its responsibility.
Melee Kyari

Melee Kyari: NNPC has no secret account

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, says the corporation has no secret accounts that breach the Treasury Single Account (TSA).
Melee Kyari

$600m debts: NNPC clears ExxonMobil of liabilities over oil assets renewals

The Nigerian National Petroleum Corporation, NNPC, yesterday, cleared ExxonMobil from any sharp practices and indebtedness to the country.
Nigerian National Petroleum Corporation (NNPC)

NNPC to resume cash-call payments to Eni/Agip

The Nigerian National Petroleum Corporation (NNPC) has promised to work closely with ENi/Agip to speedily resolve all pending issues that led to the suspension of cash-call repayment.
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says the country’s daily oil production is currently 2.32million barrel pre day.

NNPC: Nigeria daily oil production hits 2.3 mbpd

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says the country’s daily oil production is currently 2.32million barrel pre day.

Court orders firm to refund $1.6 billion to NNPC subsidiary

An arbitration court has directed on Atlantic company to pay $1.6billion to a subsidiary of the Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC) that was fleecing it.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

2019 budget: Federal government unsure of how to bridge funding gap

The federal government says it is caught between a rock and hard place on how to raise additional N102.84 billion to bridge the funding gap created in the 2019 budget as a result of the increase of N90.3 billion by the National Assembly.

Full list: Massive redeployment in NNPC

There has been a massive Shake-up at the Nigerian National Petroleum Corporation (NNPC) as about 20 senior personnel of the oil firm and its subsidiaries have been redeployed.

Corruption: NNPC recovers $1.6 billion from companies

Dr. Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), on Tuesday said the corporation had recovered $1.6 billion from some companies fleecing one of its subsidiaries.

Warri, Kaduna, Port Harcourt refineries post N8.36 billion deficit

The dismal performance of the country’s three refineries, Warri, Port Harcourt and Kaduna refineries, continued, as the refineries posted operating deficit of N8.36 billion in January 2019, according to data released by the Nigerian National Petroleum Corporation, NNPC.

NNPC pays N153.01 billion into federation account in January

The Nigerian National Petroleum Corporation (NNPC), says it transferred N153.01 billion into the federation account in January.

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