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All posts tagged "national petroleum corporation"

  • ExxonMobil Signs Agreement on 500MW Power Plant

    Mobil Producing Nigeria Unlimited (MPN), operator of the Nigerian National Petroleum Corporation (NNPC) and MPN Joint Venture, has signed a Seller’s Representative Agreement (SRA) for the Qua Iboe Power Project, located at Mobil’s Qua Iboe terminal in...

    • Posted April 24, 2013
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  • Nigeria loses N191billion to crude oil theft in three months

    Nigeria lost about N191 billion ($1.23 billion) in the first quarter of 2013, due to drop in crude oil production, arising from incessant crude oil theft and vandalism along the major pipelines within the Niger Delta, the...

    • Posted April 18, 2013
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  • Kerosene price rises by 150 per cent

    The price of kerosene has risen by over 150 per cent following the acute shortage of the product in many parts of the country, especially Lagos and its environs. Investigations at the weekend showed that many marketers,...

    • Posted April 15, 2013
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  • NLNG Train7: Shareholders delay $12bn investment

    The continued delay of the Train7 project of the Nigeria Liquefied Natural Gas Limited is holding back fresh Foreign Direct Investment worth $12bn that should have been flowing into the country. Our correspondent learnt that it was...

    • Posted April 14, 2013
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  • FG, states share N731.13bn from federation account

    The Federation Account Allocation Committee on Friday night allocated the sum of N731.13bn among the three tiers of government for the Month of March. The March allocation represents a decline of N1.49bn over the N729.64bn shared by...

    • Posted April 14, 2013
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  • Nigeria loses over $40billion investments in 2 years

    Nigeria is estimated to have lost more than $40 billion or N6.3 trillion investments in the last two years as a result of uncertainties in the oil and gas sector. Specifically, oil companies have held back over...

    • Posted April 2, 2013
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  • Deals with NNPC: Zambia’s ex-leader pleads not guilty

    Zambia’s ex-president Rupiah Banda on Tuesday pleaded not guilty to a charge of abuse of power linked to an oil contract signed while he was in office. He was arrested on Monday after being questioned by investigators...

    • Posted March 27, 2013
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  • Fresh pressure on FG to hands off refinery ownership

    Industry watchers say that the best way to make the nation’s four comatose refineries begin to function properly would be for the government to get out of the business of owning refineries. They say that if alternatively,...

    • Posted March 25, 2013
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