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The Nigerian National Petroleum Company Limited said it has in the past week uncovered no fewer than 83 illegal refineries in the Niger Delta. The NNPCL disclosed this on its X handle on Tuesday, adding that 15 illegal pipeline connections were also discovered within the same period. “In the past week, 15 illegal pipeline connections […]
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The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum Company Limited over what it described as “failure to disclose details of Nigeria’s daily oil production, exportation and the total amounts of revenues generated from oil since the removal of subsidy on petrol in May 2023.” The suit followed an […]
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The Nigerian National Petroleum Company Limited has entered into a strategic Memorandum of Understanding with TotalEnergies to integrate the Airborne Ultralight Spectrometer for Environmental Application in upstream operations. The collaboration, the two firms said, is aimed at addressing methane emissions and combating global warming and climate change. This collaboration follows the NNPCL’s active participation in […]
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The Nigerian National Petroleum Company Limited, on Monday, expressed plans to produce two million barrels of crude oil per day in 2024. It said this would significantly boost the 1.67 million barrels of oil and condensates currently produced daily and enable Nigeria to meet the two million bpd target set by the Organisation of Petroleum […]
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The Nigerian National Petroleum Company Limited has said that projections on crude oil production, and price benchmark of $77.96 for the 2024 budget, were realistic and realisable. NNPCL Group Chief Executive Officer, Mr Mele Kyari, gave the assurance during an interactive session with the Senate Committee on Finance at the National Assembly, Abuja, on Wednesday. […]
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The Nigerian National Petroleum Company (NNPC) Limited has announced that it has acquired a $3 billion emergency crude oil repayment loan to help stabilize the country’s exchange rates. The corporation announced this in a tweet on Wednesday, saying that the $3 billion comes from AFREXIM Bank, Africa’s trade finance bank. According to NNPCL, the funds […]
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