Tag: NNPC

NNPC

NNPCL Reveals Reason for Drop in Dangote Refinery’s Stake to 7.2% | METROWATCH

By Seyi Babalola The Nigerian National Petroleum Company Limited has opted not to increase its prior investment in the Dangote Refinery, which produces 650,000 barrels per day. Olufemi Soneye, an NNPCL spokeperson, revealed this in a brief statement in response to Dangote Refinery's news that NNPC's investment has dropped to 7.2 percent, down from 20%. According to Soneye, NNPCL chose some months ago to limit their investment to the amount previously paid. Soneye said that the decision not to invest any further in the ...

Mele Kyari,

NNPCL Declares State of Emergency on Crude Oil Production | METROWATCH

By Seyi Babalola Nigerian National Petroleum Company Limited, (NNPCL), has declared a state of emergency in crude oil production. Mele Kyari, Group Chief Executive Officer of NNPCL, said this on Tuesday during a keynote presentation at the opening ceremony of the 23rd edition of the Nigeria Oil and Gas Conference and Exhibition (NOG Energy Week) in Abuja. According to him: “We have decided to stop the debate. We have declared war on ...

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