NNPC | Egypt Oil & Gas - Part 9
Nigeria NNPC Contracts to be Made Public
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Emmanuel Kachikwu, said contracts to be awarded by the corporation would henceforth be made public, according to AllAfrica.com. “...
Nigeria’s Oil Firm NNPC Secures Funding for 36 Wells
Nigeria’s oil firm NNPC had signed a deal with a consortium of local and foreign lenders to develop 36 oil wells that would also boost domestic power generation in Africa’s largest crude producer. “In a landmark move ...
Nigeria to Deploy Drones to Reduce Oil Theft
Nigeria’s state-run NNPC has started work on a plan to utilize drones to reduce oil theft, reported Bloomberg. “We are looking at the current logistical nightmares of changing staffing at the loading bay of crud... Nigeria Losing Billions of Dollars Due to Oil Corruption
Nigeria, Africa’s largest oil producer, is losing billions of dollars a year due to corruption and inefficiency reported Forbes. The country has come under scrutiny as its president, Muhammadu Buhari has worked to red...
Nigeria’s APC States Government Must Scrap Oil-Industry Bill
Nigeria’s ruling party recommended the government discard a long-delayed oil-industry bill, review fuel subsidies and sell off some units of the state petroleum company. The Petroleum Industry Bill should be scrapped ...
Nigeria and it’s Oil Paradigm
As petroleum minister during the 1970s oil boom, Muhammadu Buhari set up the Nigerian National Petroleum Corporation. It is an accident of history that the same man, elected president in March, could now be compelled ... Nigeria’s NNPC Overpays state, but Still Owes
A forensic audit of Nigeria’s state oil firm released on Monday said the company, accused of corruption, actually overpaid the state by almost $750 million, but should still pay it an additional $1.5 billion. Ou... Nigeria Cuts Down 2015 Joint Venture Oil Capex by 40%
Nigeria is reducing its capital budget for joint venture oil operations by 40% this year to $8.1 billion due to the slump in crude oil prices, sources at the Nigerian National Petroleum Corporation said Monday. Nigeri...
