Nigeria Reopens Warri Oil Refinery

• Sunday, 9th April 2017
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Nigeria’s Warri oil refinery reopened and is back to operation with 60% of its installed capacity after a maintenance period, Reuters reported. Early March, the Nigerian National Petroleum Corporation (NNPC) ann...

Nigeria Reduces 26% of Gas Flaring

• Tuesday, 4th April 2017
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The Nigerian National Petroleum Corporation (NNPC) announced that Nigeria shortened gas flaring by 26% in the last ten years, All Africa reported. According to This Day, the decline in gas flaring pushed the African c...

Nigeria: NNPC to Invest in Power Generation

• Thursday, 30th March 2017
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Nigeria’s state oil company announced its plan to head towards power generation and transmission this week in line with its strategy to resolve Nigeria’s long-standing power problems, Reuters reported. According...

NNPC to Recover $184m in Crude Swap Under-Deliveries

• Sunday, 26th March 2017
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Three oil companies have agreed to refund the Nigerian National Petroleum Corporation (NNPC) by over $184m in product under-deliveries recorded against them during the now defunct crude for product swap system, The Gu...

Nigeria’s Central Bank Releases Fuel Forex

• Wednesday, 22nd March 2017
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The Nigerian National Petroleum Corporation (NNPC) announced late March the release of foreign exchange (Forex) by the Central Bank of Nigeria (CBN) to marketers to import diesel and aviation fuel, All Africa reported...

NNPC to Invest $15b in Gas-Based Power Plants

• Tuesday, 21st March 2017
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The Nigerian National Petroleum Corporation (NNPC) said late March it plans to invest about $15b to generate as much as 4,000MW in the next 10 years to boost electricity supply in the country, Tribune Online reported....

Nigeria Receives 128 Bids for Oil-for-Fuel Swaps

• Sunday, 5th March 2017
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Nigeria’s state oil company received 128 bids, known as ‘direct sales, direct purchase’, from companies that want to exchange processed fuels for as much as 800,000 b/d of unrefined crude in 2017, Re...

Nigeria: NPDC to Witness a 500,000b/d Production Boost by 2020

• Thursday, 2nd March 2017
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The Nigerian Petroleum Development Company (NPDC) will see its production grow to 500,000 b/d by 2020, according to a new commitment made by the Nigerian National Petroleum Corporation (NNPC), Oil Price reported. The ...

NNPC Recorded $2.45b Crude Oil Export in 2016

• Tuesday, 21st February 2017
• by Sarah Samir

The Nigerian National Petroleum Corporation (NNPC) recorded $2.45b crude oil export sales in 2016. NNPC’s monthly Financial and Operations Report indicated a 13.4% rise in oil and gas sales from November 2016 to...

Nigeria, Niger Enter Joint Pipeline Agreement

• Sunday, 12th February 2017
• by Sarah Samir

Officials at the Nigerian National Petroleum Company (NNPC) stated that NNPC and the Federal Government joint venture with Niger Republic will run crude oil pipeline that will provide oil to the Kaduna Refining & ...