NNPC | Egypt Oil & Gas - Part 8

Nigeria’s NNPC Secures Crude Import to End Fuel Scarcity

Nigerian President Muhammadu Buhari has given approval for the Nigerian National Petroleum Corporation (NNPC) to import additional crude oil volume to guarantee supplies of Premium Motor Spirit (PMS) petrol with a go ...

Nigeria’s State Oil Company Withheld $16b in 2014

Nigeria's Auditor-General has denounced that Nigerian National Petroleum Corporation (NNPC) withheld $16 billion in revenues from the federal government in 2014.

Nigeria’s Oil Unions End Strike After Govt Promises

Nigerian unions ended a day-old strike against the split of the state-owned Nigerian National Petroleum Corp. (NNPC) after a minister promised there would be no job cuts.

Nigeria to Restructure State Oil Giant to Make it Profitable

Nigeria is set to split its giant state-run National Oil Company into 7 independent units -before it was said the split would be into 30 units– in an effort to improve efficiency in the wake of the oil price crash.

Nigerian Petroleum Tankers Blame Government for Fuel Scarcity

Nigerian Petroleum Tankers Drivers (PTD), the arm of the National Union of Petroleum and Natural Gas Workers (NUPENG), blamed the Nigerian National Petroleum Corporation (NNPC) for the current scarcity of petrol in s ...

Nigeria Seeks Capital for Drilling Projects, Debt Repayment

Nigeria is in talks with oil majors and banks to raise capital for new drilling projects as most recent statistics have indicated that the country has seen a loss in oil capital of up to $1.34b in 2015.

Nigerian State Oil Company to Hold IPO by 2018

Nigeria is planning an initial public offering for assets owned by its national oil company, the Nigerian National Petroleum Corporation (NNPC), by 2018, according to Nigerian Minister of Petroleum Resources, Emmanue ...

Nigeria to Announce Direct Oil Cash Calls in 2016

Nigeria announced that it would seek international oil and gas investments via direct cash calls in 2016 channeled through the Nigerian National Petroleum Corporation (NNPC) and its six multinational Joint Ventures ( ...

Nigeria’s President Says He Will Not Appoint an Oil Minister

The President of Nigeria, Muhammadu Buhari, will not appoint a new minister of Petroleum, stated

Buhari Thanks China for Intercepting Nigeria’s Stolen Crude

Nigeria's President Muhammadu Buhari said China has intercepted shiploads of crude oil stolen from Nigeria.

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