He listed the reforms to include the open bid process of customer selection for lifting and purchase of Nigeria’s crude oil grades, emplacement of efficient crude for product import processes, leading to savings of $1 billion in one year as well as the introduction of improved pricing system, which has evolved into a robust and auditable pricing mechanism.
Ughamadu stated that, “Contrary to the assertions, NNPC duly entered into the 2017/2018 crude oil term contracts with the companies in their appropriate registered corporate existence.”
Ike Amos 21 December 2017, Sweetcrude, Abuja — The Nigerian National Petroleum Corporation, NNPC, Thursday, stated that the National Association…
Ike Amos 21 December 2017, Sweetcrude, Abuja — The Nigerian National Petroleum Corporation (NNPC), Thursday, said it has increased the…
“The project comes with other auxiliary ones which include, 1,350 megawatts, 900 megawatts and 2350 megawatts of power generation plants in Abuja, Kaduna and Kano respectively.”
The companies are accused of corruption in the 2011 purchase of OPL 245, an offshore oil block estimated to hold 9 billion barrels of crude, for $1.3 billion.
Mkpoikana Udoma 20 December 2017, Sweetcrude, Port Harcourt — 48hours after the suspension of the strike by Petroleum and Natural…
20 December 2017, Singapore — Surveying the ocean floor for oil and natural gas reserves are gradually emerging from a…
Mkpoikana Udoma 20 December 2017, Sweetcrude, Port Harcourt – The Managing Director, Port Harcourt Refining Company Limited, PHRC, Mr. Shehu…
Ike Amos 20 December 2017, Sweetcrude, Lagos — The Nigerian National Petroleum Corporation (NNPC), Tuesday, said it currently has 750…
