NNPC Subsidiary, NETCO, Posts N3.257bn Profit for 2017 Financial Year
The National Engineering and Technical Company Limited (NETCO) has recorded a profit before tax of N3.257 billion for 2017 financial year. The breakdown shows that the company’s revenue increased by 122 percent from N10.13 billion in the previous year to N22.46 billion in the year under review. Speaking at the Company’s 2017 Annual General Meeting […]
NNPC Will Uphold Mutual Relations with the Academia
The Nigeria National Petroleum Corporation (NNPC) would continually explore the symbiotic relationship between it and the Ivory Tower, the corporation’s Group Managing Director, Dr. Maikanti Baru, has said. Dr. Baru who declared this at the weekend when he was conferred with a Distinguished Service Award by the Ahmadu Bello University Alumni Association, stated that such […]
NNPC to Support Local Investors on Advancement of Technology
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the corporation was committed to supporting local investors towards growing the engineering profession, even as he noted that this would, in turn, ensure the technological advancement of the nation’s oil and gas industry. Dr. Baru disclosed this while […]
Oil marketers using NNPC stations to defraud Nigerians – DPR
The Department of Petroleum Resources (DPR) Wednesday, raised an alarm that some unscrupulous marketers are using some NNPC Retail outlets to defraud unsuspecting motorists through under-dispensing of Premium Motor Spirit, also known as petrol. Addressing newsmen in Abuja, DPR’s Zonal Operations Controller in charge of Abuja Zone, Mr. Abdu Misau Abba, said the agency is […]
PIB: Be Bold in Your Recommendations, Baru Charges Consultant to National Assembly
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has challenged the consultant to the National Assembly on Petroleum Industry Reform Bill to take a comprehensive look at the issues in the oil and gas sector and make bold recommendations that could engender enduring reforms. The GMD gave the charge […]
NNPC:Cost of Crude oil Production drops to $20/b
The Nigerian National Petroleum Corporation (NNPC) has brought down the cost of producing a barrel of crude oil to $20, even as it now targets producing the black gold at $15 per barrel. NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this Monday in Abuja during the NNPC Day at the ongoing Technology and Innovation […]
Reasons For Hampered Efficient Petroleum Supply in South East- NNPC
The Nigerian National Petroleum Corporation, NNPC, has explained the reason it could not attain efficient supply of crude oil in the South-East region.In a statement by NNPC’s Group Managing Director of the Corporation, Dr. Maikanti Baru during a courtesy call on the Enugu State Governor, Rt. Hon. Ifeanyi Ugwuanyi, at the Government House, Enugu over […]
NNPC, Enugu Govt Partner to Restore Enugu Depot
…As Gov Ugwunyi Pledges to Rally S’ East Govs to Secure Aba-Enugu Pipeline The Nigerian National Petroleum Corporation (NNPC) and the Enugu State Government have pledged to work together to revamp the strategic Enugu Depot towards meeting the petroleum products demand of the entire South-East region and beyond. This was made known when the Group […]
FG Applauds NNPC Foray into Renewable Energy
The Federal Government has commended the Nigerian National Petroleum Corporation (NNPC) for venturing into the development of renewable energy across the country. Minister of Science and Technology, Dr. Ogbonnaya Onu, gave this commendation Thursday during his visit to the NNPC’s pavilion at the ongoing Technology and Innovation Expo 2018 at the Eagles Square in Abuja. […]
NNPC Drives Down Cost of Producing Crude Oil per Barrel to $20
The Nigerian National Petroleum Corporation (NNPC) has brought down the cost of producing a barrel of crude oil to $20, even as it now targets producing the black gold at $15 per barrel. NNPC Group Managing Director, Dr. Maikanti Baru, who disclosed this Monday in Abuja during the NNPC Day at the ongoing Technology and […]
774 million daily subsidy: All Progressives Congress (APC)-controlled Federal Government is covering huge fraud in Nigeria – PDP
The Peoples Democratic Party, PDP, has described the statement by the Group Managing Director of Nigeria National Petroleum Corporation, Dr. Mainkanti Bello, that the NNPC spends 774 million daily on fuel subsidy as a work of fiction. PDP described the figures and called the purported proliferation of fuel stations used as an alibi for the […]
NNPC: fuel scarcity is a thing of the past
The Nigerian National Petroleum Corporation (NNPC) has expressed its commitment towards providing the necessary assistance for Nigeria to attain a competitive edge in non-oil sectors of the economy. Group Managing Director of the corporation, Dr. Maikanti Baru stated this while delivering a goodwill message during the ‘NNPC Day’ held at the 39th Kaduna International Trade […]