Objective Nigerian Stories…
Addax – The Nigerian National Petroleum Company (NNPC) Limited on Tuesday announced it has signed a settlement and exit agreement with Sinopec’s Addax Petroleum Development (Nigeria) to exit its four major oil mining blocks in the country. With this agreement, according to NNPC Limited, Addax has ceased to be the Production Sharing Contract (PSC) contractor for the […]
The Group Managing Director of the corporation, Mr Maikanti Baru gave the assurance on Thursday in Enugu at the ongoing 30th Enugu International Trade Fair. Baru said that the NNPC would provide petroleum products to all parts of the country. He said that no fewer than 55 depots across the country were fully stocked with […]
Mr Kragha Anibor, NNPC Chief Operating Officer, Refineries disclosed this at a panel session at the ongoing Nigerian International Petroleum summit (NIPS), on Wednesday, in Abuja. The panel discussed the topic Refining, Transportation and petrochemical. He said that the major problem of the corporation to bring the refineries to work was funding adding that government […]
Nigeria ranks among the top 10 cheapest petrol selling countries in the world, a policy group has revealed in its latest report. In its report released on January 15, the Global Economic Policy Initiative, GEPin, said Nigeria presently ranks number six in the world only behind Venezuela, Sudan, Iran, Kuwait and Algeria. The group president […]