NNPCL officials have hailed the agreement as unprecedented, particularly due to its zero capital expenditure outlay, making it a pioneering initiative in Nigeria’s gas distribution sector.
The Nigerian National Petroleum Corporation (NNPC) has signed a deal with Shell, TotalEnergies, and Agip to supply gas to the $3.3 billion methanol-manufacturing plant of Brass Fertilizer & Petrochemical Company Ltd. Under the terms of the agreement, the NNPC and its partners will supply 270 million standard cubic feet of gas daily to the plant, which will be situated on Brass Island, Bayelsa State.
The two refineries in NNPC’s Refinery complex in Port Harcourt, in eastern Nigeria, will produce 9.8Million Litres of gasoline every day, when the plants become operational, according to updates from the technical staff on ground
The joint venture (JV) between Nigeria National Petroleum Co. Ltd. (NNPC) and Chevron Corp. is targeting to reach production of 165,000 barrels of oil per day (bopd) by the end of 2024 after converting their licenses under the terms of the Petroleum Industry Act (PIA)
The Nigerian National Petroleum Company Limited and its joint venture partner, Chevron Nigeria Ltd, have completed the conversion of five joint venture assets in compliance with the Petroleum Industry Act of 2021.
Nigeria’s state-owned oil firm NNPC Ltd said on Saturday it will not be the sole buyer of gasoline from Dangote refinery but would step in if the facility sold above pump prices.
When the Nigeria National Petroleum Company Limited (NNPC Ltd) began oil exploration in the North about two years ago under former President Muhammadu Buhari’s administration, it not only came as a sigh of relief for the region but a sign of progress for a country whose oil exploration has been in the southern part.
Nigeria plans to resume local refining of crude oil in early August, national petroleum authorities announced Monday.
The Nigerian National Petroleum Company Limited has applied to a High Court of the Federal Capital Territory, Abuja, to stop its ongoing legal action against several subsidiaries of Mobil Nigeria and the Nigerian Upstream Petroleum Regulatory Commission.
The Nigerian National Petroleum Company (NNPC) is set to begin oil exploration in Ogun state This will mean more crude oil production for Nigeria and also help increase federal government revenue The governor of Ogun state is excited and has stressed the importance of NNPC’s decision to search for oil in the state.