He described the NLNG business model as successful experience so far, noting that the NNPC as a major stakeholder would continue to provide all the necessary support for the growth and development of the company
Browsing: NNPC
He said the volume of products lost through vandalism of oil and gas infrastructure alone underscored the need for stakeholders, especially security agencies, to devise more effective strategies to address the menace
“There is no need for motorists and other users of petroleum products to embark on frenzied wholesale purchase of fuel in anticipation of scarcity.”
It promised that the corporation was doing everything possible to guarantee that the prevailing sanity in the supply and distribution of petroleum products across the country, which was achieved with the recent downstream liberation policy, was sustained
“This comes in the form of a first of its kind road show in China, where MoU worth more than $50 billion will be spent on investments in oil and gas infrastructure, pipelines, refineries, power, facility refurbishments and upstream sector
A source said: “Information obtained from the charge papers filed by the Economic and Financial Crimes Commission at the Federal High Court, before Justice Binta Nyako, is that he is being charged on a one count charged bordering on abetting the commission of money laundering and not for money laundering.
It attributed the drop to pipeline vandalism, which forced one of its subsidiaries, the Nigerian Petroleum Development Company, to undertake a production shut-in, which resulted in the loss of monthly crude oil revenue of N20 billion
The House Committee on Privatisation took the position in Abuja after it expressed dissatisfaction with the presentation of the Group Executive Director (Refineries) of the NNPC, Anibor Kragha
Fayemi, who doubles as Chairman of the Governing Board of the Nigeria Extractive Industries Transparency Initiative, said this on Monday while presenting NEITI’s 2013 Audit Reports in Abuja
With a brilliant rendition of Sally Albrecht’s “Friends On Our Left” and William Barnes’ “Linden Lea”, the school’s mixed choir cruised home to a victory which earned them individual prizes and musical instruments for their school.
Halifield Secondary School, Maryland came second, while Holy Child College, Obalende emerged third
It said the revenue rose marginally by 2.88 per cent, adding that the expenses of the corporation dipped by 12.92 per cent to N112.368 billion from N129, 034 billion recorded in previous month
Alhaji Tokunbo Korodo, the South West Chairman of the union, gave the advice in an interview with journalists at the ongoing safety training programme for tanker drivers organised by Petroleum Tanker Drivers in Lagos
Kachikwu, who is also the Group Managing Director of the Nigerian National Petroleum Corporation, disclosed this while speaking with newsmen during the re-inauguration of the Port Harcourt/Bonny Crude Supply Line at the Port Harcourt Refining Company, Eleme, Rivers State
The schedule said: “A total of 1,082 trucks (38,285,000 litres) were loaded from various NNPC and major marketers depots nationwide
“Twenty import vessels laden with a total volume of 830.1 million litres have been confirmed to arrive in the month of April, 2016 for NNPC.”
It added that the NNPC and marketers vessels were currently discharging at various Depots and Jetties nationwide
Kachikwu said: “We are hoping that by July we will be able to sign up agreements that will enable upgrades and joint venture of the refineries to take effect
This was contained in a statement signed by Alhaji Garba Deen Muhammad, the Group General Manager, Group Public Affairs Division of the NNPC, in Abuja
“Every day, NNPC retail will have 400 trucks, IPMAN, which is the independent marketers across the country, are being given 600 trucks, and MOMAN, the main marketers, who are selling in major cities in the country, are having 500 trucks
He said import bill depended on both volume and the price, adding that a cargo of product, about 40 million litres, as at today costs about $13 million to $14 million.
He thanked Nigerians for their patience and noted that with what was observed, queues would continue to go down and eventually vanish.
He further commended the orderliness at the stations and urged managers of the stations not to support any form of sharp practices
The coordinator, who expressed regrets that the 9pm curfew had restricted the extent to which the committee operate, said most diversion took place at night