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Federal government spends N11.52 billion to fix 87km oil pipeline

Federal Government’s oil revenues slashed by N11.52 billion used for the protection and repairs of 87-kilometre Trans Forcados crude oil pipeline in the Niger Delta in 60 days, document shows

NNPC loses over $800 million revenue to contract breaches

The Nigerian National Petroleum Corporation (NNPC) has revealed that it lost over $800 million revenue to all the stakeholders owing to breaches of contracts of its old regime.

Nigeria loses over $800 million to incessant pipeline vandalism

The management of the Nigerian National Petroleum Corporation (NNPC) said it was compelled to award the surveillance contract of the strategic 87-kilometre Trans Forcados Pipeline (TFP) to a new contractor because the country has lost $800 million revenue in 2018 due to incessant breaches on the pipeline.
Nigerian National Petroleum Corporation (NNPC)

NNPC: $800 million lost to pipeline surveillance contract

As tongues wag over the award of oil infrastructure surveillance contract to an indigenous firm, Ocean Marine Solutions for the protection of the strategic 87-kilometre Trans Forcados Pipeline (TFP), the management of the Nigerian National Petroleum Corporation (NNPC) on Tuesday said breaches from the earlier contract cost the Corporation a whopping $800 million.
Nigerian National Petroleum Corporation (NNPC)

Tension in Delta over oil pipeline surveillance contract

Tension has started building up in Delta State due to the decision of the Nigerian National Petroleum Corporation (NNPC) to award oil infrastructure surveillance contract to Ocean Marine Solution Limited contrary to extant rules.

Nigera’s oil revenue exceeds 2017 benchmark by 18 per cent – NNPC

The Nigerian National Petroleum Corporation (NNPC) says oil revenue in the first ten months of the year exceeded the 2017 budget oil benchmark of $44.50 per barrel by 18 per cent.

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