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 goa...
Nigeria’s State Oil Company Withheld $16b in 2014
Nigeria’s Auditor General has denounced that Nigerian National Petroleum Corporation (NNPC) withheld $16b in revenues from the federal government in 2014, the same year that the then Central Bank Governor was su...
Nigeria’s Oil Unions End Strike After Govt Promises
Nigerian unions ended a day strike against the split of the state-owned Nigerian National Petroleum Corp. (NNPC) after Oil Minister, Emmanuel Ibe Kachikwu, promised there would be no job cuts, All Africa reported. Th... 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 in an effort to improve efficiency in the wake of the oil price crash, The Wall Street Journal reported. Before it was said tha...
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 so...
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. The country al... 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, Emmanuel... 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 (J...
