President Muhammadu Buhari has revealed how his administration attracted over $3bn investment in the Oil and Gas Sector at a time of near-zero appetite for investment in fossil energy due to the United Nations Net Zero Carbon Emission goal.
The Nigerian National Petroleum Company Limited (NNPCL) has reveal why fuel queues are pilling around the Abuja and the Federal Capital Territory environs.
NNPC Ltd. to disclose new asset base as Africa’s largest National Oil Company (NOC), Mele Kyari says.
At the unveiling of the new NNPC Ltd. In Abuja on Tuesday, President Buhari said the new company is mandated by law to ensure that the country’s National Energy Security is guaranteed.
Mr Umar Ajiya, the Alternate Chairman of PPMC Board of Directors and Chief Financial Officer (CFO) of NNPC Ltd., disclosed this during the company’s 32nd Annual General Meeting (AGM) which held in Abuja.
Nigeria’s crude oil production declined to an average of 1.354 million barrels per day in March, according to a report by the Organization of Petroleum Exporting Countries (OPEC).
NNPC Ltd. explains what it’s doing to restore supply, as it begins 24-hour operations in depots.
The PDP has consequently demanded an urgent investigation into reports of how APC leaders allegedly connived with foreign interests to import very cheap heavily contaminated fuel laden with methanol.
Details in the report indicates that export of crude oil amounted to $7.77 million while gas and miscellaneous receipts stood at $65.26 million and $151.26 million respectively.
President Buhari says he has appointed the following to the Board and Management of NNPC Ltd., in accordance with the power vested in him under Section 59(2) of the disputed Petroleum Industry Act 2021.