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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has assured that the corporation would continue to support local companies, within the entire hydrocarbon value-chain, for the growth of the nation’s economy.
The Nigerian National Petroleum Corporation (NNPC) says that the national average daily crude oil production stood at about 2.019 million barrels in 2018.
Mr Adeyemi Adetunji, Managing Director, Nigerian National Petroleum Corporation (NNPC) Retail, said the company made N1.8 billion profit after tax in 2017.
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has charged the Corporation Downstream company, NNPC Retail, to increase its current 14 per cent market share to 30 per cent by 2020.
The NNPC Retail Limited, the downstream subsidiary of the Nigerian National Petroleum Corporation, with a stake in supply and distribution of petroleum products, has embarked on a nationwide audit of its field operation to ensure all delisted trucks are in compliance with the requirement to remove the company’s logo and other brand attributes.
The total amount of money so far given to International Oil Companies (IOCs) operating in Nigeria by the Nigerian National Petroleum Corporation (NNPC) in repayment for the discounted $5.1 billion cash call debt owed to them has been put at $1 billion.
The Nigerian National Petroleum Corporation, NNPC, yesterday said it is in talks with Osun State Government, over the leasing of a state-of-the-art petrol retail outlet and the expansion of its fuel distribution network in the state.
The Nigerian National Petroleum Corporation, NNPC, yesterday, said it has deployed more of its depots and other throughput facilities to enforce the N133.28 per litre Ex-Depot price of Premium Motor Spirit, otherwise known as petrol, to marketers directly.
The Federal Government has ordered depot operators to engage on 24-hour loading of petrol, in a bid to ease the long queues and scarcity witnessed across the country.
As fuel scarcity bites harder across the country, many filling stations in Kaduna have remained closed as a result of non-availability of the commodity.
The Nigerian National Petroleum Corporation (NNPC) has stated that its adoption of a 24-hour depot and retail services cleared the fuel queues in Abuja, Lagos and many states across the country.
Former President Olusegun Obasanjo has commended the Management of the Nigerian National Petroleum Corporation (NNPC) for ensuring an uninterrupted supply of petroleum products which he noted was an integral part of energy security in the country.
The Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru, has described the commencement of operations of the newly constructed ultra-modern mega station of NNPC Retail Limited located along Lagos-Ibadan Expressway, as part of the strategies to ensuring energy security in the country.
Over 40 oil firms are expected to be invited by the Senate adhoc committee set up to investigate the allegations in the feud between the Minister of State for Petroleum Resources, Ibe Kachikwu, and the Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru.
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