The Nigerian National Petroleum Corporation (NNPC) has urged the Senate to ensure adequate funding of the oil and gas sector to guarantee sustainable revenue flow from the sector. Group Managing Director of the NNPC Mallam Mele Kyari made the appeal on Wednesday at a meeting of Nigeria’s revenue generating and monitoring agencies with the leadership…
The House of Representatives has urged the Nigerian National Petroleum Corporation (NNPC) to protect pipelines in Alimosho Local Government Area (LGA) of Lagos state against vandals. This was sequel to a unanimous adoption of a motion of Urgent National Importance by Rep. Olufemi Adebayo (APC-Lagos) at the plenary on Thursday. The green chamber also called…
The House of Representatives has urged the Nigerian National Petroleum Corporation (NNPC) to protect pipelines in Alimosho Local Government Area (LGA) of Lagos state against vandals. This was sequel to a unanimous adoption of a motion of Urgent National Importance by Rep. Olufemi Adebayo (APC-Lagos) at the plenary on Thursday. The green chamber also called…
The Department of Petroleum Resources (DPR) yesterday said it shuts 17 illegal LPG skid in Ibadan and warned nine filling plants in the second quarter of 2019. Mr Oluyemi Olaonipekun, the operations controller of Ibadan Field Office of DPR, who made the disclosure, said the agency carried out its operations effectively in monitoring the operations of Retail Oil…
The Depot and Petroleum Products Marketers Association (DAPPMA), yesterday faulted the claims of the out-going Chief Operating Officer, Downstream of the Nigerian National Petroleum Corporation, Mr. Henry Ikem-Obih, that its members accessed foreign exchange at N305 per a dollar for the importation of petrol into the country since 2017. Olufemi Adewole, Executive Secretary of the…
The Department of Petroleum Resources (DPR) in Benue State on Wednesday sealed three petrol filling stations for under dispensing, poor sanitation and wrong metering. Daily Trust reports that the stations include, Prime Power Nigeria Limited along Naka road, Conoil on Hospital road and Total along Kashim Ibrahim road, all in Makurdi metropolis. DPR’s State Controller,…
Indications have emerged that inability of the country’s power generation companies (GenCos) and distribution companies (DisCos) to keep the circular flow of energy to the end users hamper gas sector development. General Manager, Downstream Gas, Chevron Nigeria/Mid Africa, James Okereke, said that an enabling commercial framework, globally competitive fiscals, strong vital infrastructure and reliable operations,…
Nigeria loses between $7 billion and $12 billion to crude oil theft annually, a study by the Nigeria Natural Resource Charter (NNRC) has found, prompting reactions from stakeholders on the implications for the country’s critical sectors like health and education. Speaking at a seminar on advocacy against crude oil theft, the Managing Director of New…
The Nigerian National Petroleum Corporation (NNPC) has said it was running at a loss insisting the pump price rate of N145 per litre for Premium Motor Spirit (PMS) was the bane on its revenue drive. The new Group Managing Director of the NNPC, Mele Kyari, made the disclosure on Wednesday, when the heads of revenue…
Vice President Dr Mahamudu Bawumia says the delicate nature of the gas industry in the country makes it one that must be highly regulated. He said government will soon complete work on the transformation of the existing gas master plan into a gas law which will be used to regulate the Industry. The new law…
