Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation, said this while addressing the House of Representatives Committee on Petroleum Upstream chaired by Rep. Musa Adar (Sokoto-APC) on Monday.
The National Economic Council on Thursday urged the Nigerian National Petroleum Corporation to engage the National Intelligence Agency to identify markets for stolen products across the continent.
It is a sad commentary that the Niger Delta people face the paradox of having an amazing wealth in crude oil but are buffeted by a whirlwind that has choked ...
The Edo State Governor, Godwin Obaseki, said the nation lost about 22 million barrels of its crude oil production to oil theft between January and June 2019.
The Nigerian National Petroleum Corporation says strategic partnership and new investments in the Upstream Petroleum Sector are essential to actualise the growth of the nation’s crude Oil reserves.
Jibrin, an Assistant Commissioner of Police, gave the warning on Tuesday during his maiden visit to the Warri unit of the task force attached to the Pipeline and Products Marketing Company ...
A Federal High Court Lagos on Thursday adjourned until June 19, hearing in a debt recovery suit filed by the Federal Government, against Shell Western Supply & Trading Ltd, over ...
The Independent Petroleum Marketers’ Association of Nigeria has urged the Federal Government to encourage local refiners, to boost local refining of crude oil in the country.
The National Palm Produce Association of Nigeria says the country will benefit a lot from Crude Palm oil as a leading foreign exchange earner with its price now 500 dollars ...
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Wednesday urged the Federal Government to attach premium to palm oil production, saying its price is higher than crude ...
A Federal High Court in Lagos on Wednesday dismissed a $55 million debt recovery suit filed by the Federal Government of Nigeria against Agip Oil Company Limited over insufficient evidence.
The Nigerian National Petroleum Corporation says that the national average daily crude oil production stood at about 2.019 million barrels in 2018.
OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the ...
Oil prices slipped on Wednesday as bullish output forecasts by two big US producers and a build in weekly US crude stockpiles outweighed ongoing Organisation of Petroleum Exporting Countries-led production ...
A Federal High Court Lagos on Wednesday adjourned until April 30 the $69 million suit filed by the Federal Government of Nigeria against Chevron Petroleum Nigeria Limited, seeking to recover ...
Dr Ibe Kachikwu, Minister of State, Petroleum Resources, has commended the Department of Petroleum Resources on its newly computerised Crude Oil and LNG Tracking, Automatic Downstream System and other automation ...
The Federal Government says it has commenced the monitoring and tracking of vessels involved in crude oil lifting to help curb crude theft in the country.
The corporation disclosed this in its monthly Financial and Operation report for October 2018, released in Abuja on Wednesday.
The United Nations has said Nigeria lost an estimated $2.8 billion in revenues in 2018 mainly due to oil-related crimes.
Oil prices were stable on Tuesday, supported by hopes that talks in Beijing between US and Chinese officials might defuse trade disputes between the world’s biggest economies.
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