Ike Amos Abuja — The engineering subsidiary of the Nigerian National Petroleum Corporation, NNPC, the National Engineering, and Technical Company…
Browsing: Nigerian Petroleum Development Company
Mkpoikana Udoma 06 January 2019, Sweetcrude, Port Harcourt — The planned resumption of oil exploration activities in OML11 and the…
Mkpoikana Udoma 04 January 2019, Sweetcrude, Port Harcourt — The Movement for the Survival of Ogoni People, MOSOP, Friday said…
Ike Amos 20 September 2018, Sweetcrude, Abuja — The Nigerian National Petroleum Corporation, NNPC, Thursday, announced a significant improvement in…
Dankwambo, who chaired NEC ad hoc committee on remittances, said the infractions were identified by KPMG that was contracted to carry out a forensic audit of revenue remittances to the Federation Accounts.
“Once we obtain those approvals, we can remobilize the contractor fully. In a week’s time or so, we look forward to meeting the BPP’s requirements to enable us obtain FEC approval towards the project completion,” he noted.
“The Niger Delta Youth Council as well as its affiliates therefore pass a resounding Vote of Confidence on Boroh, as well as the Buhari-led administration for their efforts at maintaining enduring peace in the region through consistent timely interventions.”
He disclosed that the company was currently supplying 50 per cent of the West African Gas Pipeline (WAGP) system gas, adding that it was the in thing to have more gas assets, while commending the company for leaving up to expectations.
The report also noted that 90 million dollars was lost through a practice where NNPC used a revised/lower pricing option at the point of payment instead of the higher price at the point of purchase.
The corporation stated that crude oil production in the country averaged 2.01 million barrels per day in July 2017.
It said the 2.01 million bpd crude production represented 3.15 per cent increase in contrast to what was produced in June, and was up by 21.58 per cent relative to the July 2016 performance.
