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Tag Archives: NNPC

N231bn lost under Buhari to delays in refinery repairs

Federal Government-owned refineries, located in Port Harcourt, Kaduna and Warri, lost over N231bn in the last four years as the proposed rehabilitation of the plants suffered a setback. The Port Harcourt Refining Company has two refineries, while the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company …

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PHOTONEWS: Diezani’s Top Properties In Lagos

N47.2 Billion and $487.5 Million in cash and properties have so far been traced to the former Minister of Petroleum Resources in the Ex-President Goodluck Jonathan’s administration, Mrs. Diezani Alison-Madueke. This followed painstaking investigations by operatives of Nigeria’s Economic and Financial Crimes Commission, EFCC  These are some of the top properties purchased from …

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ExxonMobil, Shell Nigeria suffer biggest oil output decline

Mobil Producing Nigeria Unlimited and Shell Petroleum Development Company of Nigeria Limited recorded the biggest decline in production from joint venture assets in the first quarter of this year. The subsidiary of the United States-based ExxonMobil Corporation saw its JV output drop from 11.646 million barrels in January last year …

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NNPC, PPMC earn N608bn from PMS, kerosene, diesel sale

The Nigerian National Petroleum Corporation, NNPC, and its subsidiary, the Pipeline and Products Marketing Company, PPMC, earned N680.1billion from the sale of 5.5 billion litres of white petroleum products in the first four months of the year, between January and April 2017. White products comprise Premium Motor Spirit, PMS, Automotive …

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