The NNPCL Chief Corporate Communications Officer, Garba Deen Muhammad, said this in a statement on Tuesday.
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The engagement, held in Abuja on the persistent scarcity of petrol, was at the instance of the NNPC Limited.
The Group Chief Executive Officer of the NNPC Limited, Mele Kyari, disclosed this on Wednesday in Abuja.
The profit by NNPC Limited represented a growth of 134.84 per cent when compared with N287 billion profit in 2020.
Mele Kyari, Group Managing Director, NNPCL, said this at a meeting with Senate ad hoc committee on oil theft in Nigeria.
Through this acquisition, NNPC Retail Limited will build on the existing success of OVH and operate model service outlets leveraging OVH’s extensive asset base and commercial capabilities. The transaction also positions NNPC Retail Limited as the fastest growing commercial energy company in its pursuit to guarantee energy security for Nigeria’s growing population and significantly more growth opportunities for the business.
This was during a signing of renewed Production Sharing Contracts agreements between NNPC and its Oil Mining Leases partners.
The development finalised negotiations on renewed PSC in line with the new provisions of the Petroleum Industry Act.
Malam Mele Kyari, Group Chief Executive Officer of NNPC Limited, made this known on Tuesday at a media chat.
Group (BCG), has commended the Nigerian government for the renewed efforts to transition from fossil fuel by leveraging the country’s abundant gas reserves and electric vehicles.
The threat followed the persistent fuel scarcity being witnessed in the FCT, its environs and other parts of the country.
The summon which was personally signed by the Chairman of the Committee, Busayo Oluwole Oke (PDP -Osun) and dated 16th March, 2022 was addressed to the Group Managing Director of the NNPC Limited, Mele Kyari.
The report also said that available records from performance report of two depots revealed that about 22,929.84 litres of PMS valued at N7.06 billion pumped to the two depots (Ibadan-Ilorin and Aba-Enugu) between June and July 2019 were not received by the depots.
The company made the announcement in Abuja on Friday in a public notice, entitled: “Refutal that Brittania-U was among oil and gas companies that brought off-spec Premium Motor Spirit currently in circulation.”
The Group Managing Director/Chief Executive Officer of the NNPC Limited, Mele Kyari, offered the insight late on Wednesday.
It was in accordance with the power vested in him under Section 59(2) of the Petroleum Industry Act 2021, his Media Office said.