Idahosa, who is also the Chairman, House Committee on Legislative Compliance, made this known while giving a mid-term report to members of his constituents, on Sunday in Edo.
This is contained in the January 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru.
A press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru, stated that the figure was contained in the September 2020 edition of the NNPC Monthly Financial and Operations Report.
Obaseki gave the assurance during the inauguration of the National Petroleum Development Company (NPDC)/IGHF plant by President Muhammadu Buhari in Ologbo community.
Sambo disclosed this while fielding questions from newsmen after a facility tour of the NPDC Integrated Gas Handling Facility in Ologbo, Edo, on Monday.
The crude oil prepayment has enabled NNPC to pay NPDC’s tax obligations to the Federal Government of Nigeria of circa $700 million, with the balance utilised to fund NPDC’s capital and operating expenditures.
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, said this on Wednesday while inspecting the 100-million capacity Oredo Integrated Gas Handling Facility in Ologbo, Edo State.
The equity and economic interests of all stakeholders will be protected as Pan Ocean Oil Corporation (Nigeria) Limited hands over OML 98 to the Nigerian Petroleum Development Company Limited.
Explosion has occurred on the Abura Crude Trunk Line belonging to the Nigerian Petroleum Development Company in Delta State.
Human rights activist, Femi Falana (SAN), has filed a suit at the Federal High Court in Abuja in which he is seeking to compel the Muhammadu Buhari Administration to recover the sum of $40 billion and N481 billion based on the audit of the extractive industry carried out by the Nigeria Extractive Industry Transparency Initiative, an agency of the Federal Government.
The Group Managing Director, Nigerian National Petroleum Corporation, Dr Maikanti Baru, says the country’s daily oil production is currently 2.32million barrel per day.
The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, on Tuesday said the Corporation had recovered $1.6 billion from some companies fleecing one of its subsidiaries.
The Nigerian National Petroleum Corporation says its subsidiary, Nigerian Petroleum Development company, is targeting oil production of 500,000 barrel per day by 2020.
NEITI made the clarification in a statement signed by its Director of Communications and Advocacy, Dr Orji Ogbonnaya Orji, in Abuja, on Tuesday.
NEITI made this known in its audit report released at the National Conference on Remedial Issues in Abuja on Monday.
Dr Maikanti Baru, the Group Managing Director of NNPC, made the commendation when he visited NPDC, its upstream subsidiary on Wednesday, a statement released by the Corporation, on Thursday in Abuja said.
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
The militants also vowed to deal with the military and inflict further damages on the oil companies operating in the Niger Delta
The oil firm and the communities had been at each others’ throats, following their non-compliance with the ‘gentleman’s’ agreement between them