Tag: NNPC
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NNPC and NOS aim for 40,000bpd after hitting first oil in OML13
The commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State has been successfully announced by both Natural Oilfield Services...
NNPC Owes Fuel Traders $3 billion in Fuel Subsidy
Reports have emerged indicating that the Nigerian National Petroleum Company (NNPC) Limited is owing a substantial debt estimated at around $3 billion owed to...
Tinubu Increases NNPC Contract Approval Limit to $10 Million
President Bola Tinubu has made some big changes for how contracts get approved for the Nigerian National Petroleum Company (NNPC) Limited.Â
Now, contracts worth at...
Nigeria has the second-highest oil production costs in the world
Crude oil production is far less expensive in Iran, Saudi Arabia, and war-torn Iraq than it is in Nigeria, the continent's largest oil producer.
Nigeria...
NNPCL Struggles Despite Spending N267.98 Billion on Security
With the Nigerian National Petroleum Company Limited (NNPCL) spending an astounding N267.98 billion on security in just 16 months, the cost of insecurity is...
