The Managing Director of the subsidiary, Yemi Adetuji, disclosed this in Abuja on Tuesday at a press briefing to herald the commissioning of the new ultra-modern mega filling station near Sagamu, along the Lagos-Ibadan Expressway in Ogun State.
Browsing: NNPC
“This is another opportunity for young football talents to develop their dreams while still studying, and another platform for Nigeria to tap into a potential pool of top-class players,” said Osagie Okunbor, the Managing Director of Shell Petroleum Development Company
Afolabi, who retired as a Deputy Manager at NNPC Kaduna on June 9, 2015, sued the corporation,
“The current gas flare penalty of N10 per 1,000scf is too low, and not in line with current economic realities and encourages continuous gas flaring by operators with its attendant negative effect on our environment instead of encouraging investment in infrastructure by the operators to make gas available for our domestic use.”
The Group Managing Director of the corporation, Dr. Maikanti Baru, made the explanation when he received an award presented by Petroleum Technology Association of Nigeria on Friday.
The agreement was signed in Abuja at the Ministry of Petroleum Resources between the Federal Government and Shell, Chevron, Agip, Total, Oando
Melaye alleged that the diversion of oil revenue between the two agencies of government had continued unabated since 2013.
According to him, the NDPC has continued to lift crude oil from divested oil wells OML 61, 62, and 63, worth over $3.5 billion without remittance to the Federation Account
He shed light on the nature of his engagement with the NNPC, which involved the strategic direction of the oil firm and all its subsidiaries, including the Port Harcourt refinery, Warri refinery, Kaduna refinery, Pipelines and Products Marketing Company Limited, Nigerian Petroleum Development Company, Integrated Data Services Limited and National Petroleum Investment Management Services.
Baru described NPDC, which is the corporation’s exploration and production subsidiary, as showing a conspicuously excellent growth in its proven reserves
Baru made the pledge during a town hall meeting with the management and staff of the KRPC in Kaduna, Ndu Ughamadu, the Group General Manager, Group Public Affairs Division of the NNPC, said in a statement in Abuja on Sunday
Under the MoUs signed in Lagos in November, Access Bank, Skye Bank, Zenith Bank, Stanbic IBTC Bank, First Bank, Standard Chartered Bank, First City Monument Bank and Guaranty Trust Bank have set aside $2.2 billion for contract execution by Nigerian firms
Its place in our lives is so important that, in the last 16 years, two presidents – Olusegun Obasanjo and Muhammadu Buhari – decided to supervise it directly, regardless of public criticism
The NNPC said this in its September report, which gave a breakdown of its activities in the oil and gas sector from October 2015 to September 2016 on Tuesday in Abuja
The bill, when passed into law, would create efficient and effective institution with clear and separate roles for the petroleum industry and also create a conducive business environment for petroleum industry operation
NAN reports that System 2B Pipelines Network is the pumping of petroleum products from Atlas Cove in Lagos Island to Ejigbo in Lagos State; Mosinmi in Ogun State; Ibadan, Oyo State; Ore in Ondo State; and Ilorin in Kwara
Kyari, however, said it was obvious that any official increase by the government would not go down well with the citizenry as it will be resisted
The NNPC Group Managing Director, Dr. Maikanti Baru, the statement said, made the disclosure when he paid separate visits to the Governors of Bauchi and Gombe States.
Baru said that the latest technology was similar to the ones used by neighbouring countries to discover oil in their countries.
Baru said: “We are here to signal to the good people of Bauchi and Gombe states of our intention and efforts to mobilise our equipment back to Gongola Basin.
The coordinator said the agency has taken all a proactive measures to curtail the flood menace in the zone.
According to Ilallah, NEMA has reached out to relevant agencies in the affected states and within the zone to be on alert.
It explained that the deficit was mainly due to a decrease in its revenue generation as a result of 13.30 per cent (or N14.9 billion) decline in petroleum products sale by the Products and Pipeline Marketing Company and an increase in the cost of products distribution