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Nigeria National Petroleum Corporation (NNPC)

Business & EconomyNews

NNPC strikes $875.75m deal with petroleum development company

Olusola Elijah The Nigerian National Petroleum Corporation has signed an $875.75m funding and technical services agreement and alternative financing deal for the Oil Mining Lease (OML) 65 operated by Nigerian Petroleum Development Company. The Corporation in a statement on Sunday by its spokesman, Mr. Ndu Ughamadu in Abuja, said it signed the deal with CMES- OMS Petroleum Development…
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NNPC supplied 1.76b litres of PMS in June

Olusola Elijah The Nigerian National Petroleum Corporation (NNPC) has revealed that a total of 1.76bn litres of Premium Motor Spirit (PMS), also known as petrol was supplied in June. The corporation disclosed this in its Monthly Financial and Operation Report (MFOR)…
Business & EconomyNews

80 deepwater oil blocks not producing, says NNPC

Only seven out of the 87 deepwater oil blocks in Nigeria are producing, while six are at different phases of development, the Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, has said. Baru also said more than half of the deepwater blocks were open and urged players in the oil and gas sector to start to create adequate linkages to the local…
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