In a shocking turn of events, the Port Harcourt Refining Company (PHRC) has inexplicably ceased crude oil processing, merely days after the Nigerian National Petroleum Company (NNPC) Ltd proudly declared the re-streaming of the refinery. A diligent reporter who visited the refinery on Friday observed that the facility was eerily inactive, with no discernible signs…
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the price of Premium Motor Spirit (PMS), also known as petrol, to marketers. The new price, which takes effect immediately, is N1,030 per litre, down from the previous price of N1,045 per litre. The price reduction was announced by the Petroleum Products Retail Outlet Owners Association…
The Secretary of the Alesa community stakeholders, Timothy Mgbere, has alleged that the petroleum products loaded from the newly rehabilitated Port-Harcourt Refinery were not freshly refined but products left in the storage tank of the facility in the last three years. He also alleged that the refinery only loaded six trucks on Tuesday despite stating…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has provided fresh details on the products being refined at the Port Harcourt Refinery. A statement released on Tuesday evening, and signed by Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd, aimed to address misleading claims suggesting that the refinery is not producing products. According to the…
President Bola Tinubu has extended his heartfelt congratulations to the Nigeria National Petroleum Company Limited (NNPCL) on the successful revitalisation of the Port Harcourt refinery, marked by the official commencement of petroleum product loading on Tuesday. A statement by Special Adviser to the President (Information & Strategy), Bayo Onanuga on Tuesday, said the president acknowledged…
The Federal Government is poised to earn more revenue from the oil and gas sector as the Nigerian National Petroleum Company Ltd, in collaboration with stakeholders, has increased crude oil production to 1.8 million barrels per day. The achievement was announced by the Group Chief Executive Officer, Mele Kyari, during a meeting held at the…
The Nigerian National Petroleum Corporation (NNPC) has announced the removal of Umar Ajiya as the Chief Financial Officer (CFO) and the appointment of Mr. Adedapo A. Segun as his replacement. This was disclosed in a statement released on Wednesday by the company’s spokesperson, Olufemi Soneye, via NNPC’s official X (formerly Twitter) handle. In addition to…
A group, the Nigerian Coalition of Civil Society Organisations, has called for immediate investigations into alleged sabotage against the plan to turn around the petroleum refineries in the country. This is just as the group demanded the immediate removal from office of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, noting…
The Nigerian National Petroleum Company Limited has denied claims of selling adulterated petroleum products at its retail outlets. The company made this clarification in a statement issued by its Chief Corporate Communications Officer, Olufemi Soneye, on Thursday. Soneye’s statement was in response to a video in which a man alleged that a dark liquid in…
The Nigerian National Petroleum Company Limited (NNPCL) has addressed circulating rumours of a new increase in fuel prices, affirming that the pump price of Premium Motor Spirit (PMS) has not changed. NNPCL spokesperson Olufemi Soneye stated, “There is no increase in gasoline price that I am aware of,” countering speculation that prices had risen from…