The Nigerian National Petroleum Company Limited (NNPCL) has reduced its ex-depot price of Premium Motor Spirit, commonly referred to as petrol, from N1,020 to N899 per litre. This decision, which was confirmed by the Petroleum Products Retail Outlets Owners Association of Nigeria in a statement released on Saturday, comes days after the Dangote Refinery reduced…
The Nigerian National Petroleum Company Limited (NNPCL) has denied claims in media reports that the newly refurbished Port Harcourt refinery has shut down. The national oil company denied the claim in a press release issued by its Chief Corporate Communications Officer, Olufemi Soneye, on Saturday. Soneye said the claim was false and urged the media…
The Nigerian National Petroleum Company Limited (NNPCL), has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol across its retail outlets. According to Tribune Online correspondent who visited the NNPCL retail outlets in Ibadan observed that petrol, which was sold between N1,025 to N1,040 per litre, has been reduced to N1,015…
The Nigerian National Petroleum Company (NNPC) has begun the export of petrol from the Port Harcourt Refinery to Dubai, shunning the local market. The Port Harcourt Refinery which began operations in November following rehabilitation shipped its first export of petroleum products to Dubai, with the company expected to load the cargo onboard the Wonder Star…
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…