The federal government has announced that the Port Harcourt Refining Company (PHRC) is currently 77.4 per cent completed even as it has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the refinery. The Nigerian National Petroleum Company (NNPC) Limited, which made this known, said rehabilitation work has been ongoing at the Refinery …

President Bola Tinubu has re-appointed Mallam Mele Kyari as Group Chief Executive Officer of NNPC Limited (NNPCL), while Chief Pius Akinyelure as Chairman of the Board. In a statement on Monday, the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale also named seven other members of the NNPCL Board. The statement read: In compliance with Section 59 …

NNPC Limited (NNPCL) has said it would end the importation of refined petroleum products by December next year as all the country’s refineries would be operational by then. Against the background of the House of Representatives’ call for the privatisation of Nigeria’s refineries, NNPCL’s Group Chief Officer, Malam Mele Kyari said on Thursday when he led senior officials of the …

The Senate has summoned the Managing Director of Nigerian Gas Marketing Company, Justin Ezeala, over gas sales, purchase agreements, pricing with various companies, and non-compliance with due process in the Auto Compressed Natural Gas Project with NIPCO Gas. The Senate, through its Committee on Gas, requested on Wednesday the details of gas sales and purchase agreements with gas companies. The …

The Senate says it will invite the Nigerian National Petroleum Company Limited (NNPCL) over the lack of funds to explore and develop new frontier acreages. The Senate through its Chairman, Committee on Gas, Jarigbe Jarigbe, made this known on Friday while briefing journalists after a closed-door session with the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), …

The Nigerian National Petroleum Company Limited (NNPCL), on Friday, confirmed a fire outbreak at the Warri Refinery and Petrochemical Company Limited. It, however, stated that the fire was contained, adding that the incident would not affect the ongoing rehabilitation of the refinery. The national oil firm disclosed in a post on its official X (formerly Twitter) handle, captioned, ‘Minor fire …

NNPC Limited has debunked claims that it is planning to increase its pump prices for Premium Motor Spirit (PMS), commonly referred to as petrol. In a statement shared Friday on X, the company’s management said: ”We do not have the intention to increase our PMS pump prices as widely speculated”. According to NNPC Limited, its retail stations sell the best …

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Barrister Dele Kelvin Oye has commended President Bola Ahmed Tinubu, Indorama Eleme Petrochemicals Limited and the NNPC Limited on the successful signing of a landmark Memorandum of Understanding (MoU) worth US$ 7 billion to promote gas utilisation in Nigeria. In a statement, Oye said …

Another hike in the pump price of Premium Motor Spirit (popularly called petrol or fuel) is imminent, marketers warned on Sunday. They blame the situation on the increased cost of crude oil and depreciation of the Naira. Crude oil cost and the exchange rate account for over 80 per cent of the cost of PMS. Brent crude, the global benchmark …

The Nigerian National Petroleum Company Limited (NNPCL) has appointed new executive vice presidents for the upstream, downstream and gas sectors. The appointment was announced  by the company’s Chief Corporate Communications Officer, Garba Deen Muhammad and made available to the public via NNPCL’s official handle on X(formerly Twitter). PRESS RELEASE NNPC LTD. MAKES SENIOR MANAGEMENT CHANGES In line with NNPC Ltd.'s …