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All posts tagged "NNPC"

  • Major Oil and Gas Projects Delay Explained by NNPC

    Despite being blamed by the International Oil Corporations operating in the country for delays in the takeoff of phenomenal and remarkable oil and gas projects that could launch the nation into another phase of economic boom, the...

    • Posted December 17, 2012
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  • New Regulation Likely To Cost Nigeria $48b Investment​s in Oil Sector

    A bid procedure adopted by the Nigerian National Petroleum Corporation (NNPC) may cost the nation Investments in the oil and gas industry worth about $48 billion. The process has disregarded all due and standard procedures in conducting...

    • Posted December 8, 2012
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  • NNPC N1.2 trillion Subsidy Claim: Diezani calls on Jonathan to caution Okonjo-Iweala

      President Goodluck Jonathan has been alerted by the Nigerian National Petroleum Corporation (NNPC) to a looming acute fuel shortage, should the FG fail to pay the N1.13trn subsidy owed to NNPC. The Minister of Petroleum Resources,...

    • Posted November 22, 2012
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  • Subsidy Claims: Govt owes us N1.3t on subsidy – NNPC

    The Nigerian National Petroleum Corporation (NNPC), yesterday cried out that it has been struggling to cope with their fuel import programme because they are owed more than N1.3 trillion ($8.2 billion) in government fuel import subsidies, debts....

    • Posted November 21, 2012
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  • Investigation Uncovers How Diezani Madueke Runs Oil Ministry From Her Living Room

    Nigeria’s controversial oil minister Diezani Alison-Madueke’s management style, which is disrupting the governance structure of the Nigerian National Petroleum Corporation, NNPC, is causing concern in the state oil giant and the industry, a joint investigation by the International Centre for Investigative...

    • Posted November 9, 2012
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  • NNPC Targets 4 million bpd Oil Production by 2020

    The Nigerian National Petroleum Corporation (NNPC) has expressed resolve to grow oil reserves to 40 billion barrels from its current 37 billion barrels by the year 2020. The Group Managing Director of NNPC, Andrew Yakubu, stated this...

    • Posted October 9, 2012
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  • Subsidy Report: Details on How NNPC and PPPRA Mismanaged TRILLIONS of Naira

    The Honourable Farouk Lawan led ad-hoc Committee on Fuel Subsidy Investigation submitted its report to the House yesterday and its revelations highlight the vast depth and breadth of corruption in Nigeria, especially in the oil sector. The...

    • Posted April 19, 2012
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  • Senate Chides NNPC Leadership over Cluelessness on $ 665 million 2011 Budget Discrepancy

    The level of competence being displayed by the public officials in charge of managing our national resources leaves much to be desired. From an inability to account for crude oil allocations, subsidy payments and over-payments and more, one has...

    • Posted February 16, 2012
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  • NLNG, NNPC Seek $ 4 Billion in International Debt Financing

    The Nigerian Liquefied Natural Gas (NLNG) and the Nigerian National Petroleum Corporation (NNPC) are seeking international debt financing to finance part of their operations in 2012. NLNG is seeking over $ 1 billion to finance the acquisition of new...

    • Posted January 25, 2012
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  • EFCC Storms PPPRA, NNPC Offices, Carts Away Files

    In line with the statement issued by Federal Government that it would investigate and prosecute organizations and individuals that benefitted from the oil subsidy payments in a fraudulent manner, the Economic and Financial Crimes Commission (EFCC) has...

    • Posted January 17, 2012
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