Nigeria Eyes $8.7bn Investments from Refineries, Pipelines’ Repairs

  Mele Kyari: Corporation remains destination of choice for global investors The Nigerian National Petroleum Corporation (NNPC) expects an investment of about $8.7 billion to flow in during the rehabilitation of the Warri Refinery and Petrochemical Company (WRPC), the Kaduna Refinery and Petrochemical Company (KRPC), as well as the revamping of some of its 5,000-kilometre pipelines throughout the country. In a virtual presentation titled: “Accessing Energy Infrastructure Opportunities at the NNPC”, at an event hosted by the United States Department of Commerce, the Group Managing Director of the NNPC, Mallam…

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Afreximbank’s $1bn fund for PH Refinery Rehab, fruit of transparency- Kyari

. As NNPC, NEITI Renew Commitment to Deepen Transparency The Nigerian National Petroleum Corporation (NNPC) on Thursday declared that it secured financing agreement for the rehabilitation of the Port Harcourt Refinery by the African Export Import Bank (Afreximbank) as a fruit it reaped from its transparency and accountability. Though the rehabilitation is to gulp $1.5 billion, the financing deals secured from the Afreximbank, Platforms Africa gathered, is $1 billion. Group Managing Director of the NNPC, Mallam Mele Kyari, said while playing host to the management team of the Nigeria Extractive…

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NNPC ups gas investment, declares fuel transition “unavoidable”

. We are sets for Strategic Role in New World Energy Order – Kyari Nigeria has revealed its plot to crash petrol consumption volume in tune with global fuel transition it described as unavoidable. The Group Managing Director of NNPC, Mallam Mele Kyari, who made this submission at the Decade of Gas Pre-summit Conference which held Monday in Abuja, with the theme: Towards Gas-Powered Economy by 2030, maintained that under the circumstances, natural gas, and by extension blue hydrogen, would be heavily depended upon as transition fuels to play a…

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Why Women are key to Nigeria’s Decade-of-Gas target – NNPC

  . Kyari at  WEIN/REIN Conference, promises Corporation’s continuous inclusion of women in energy value chain The Nigerian National Petroleum Corporation (NNPC) has said that the contributions of women are key to the achievement of the government’s declaration of 2020 and beyond as a decade of gas. Kyari who gave the charge in his keynote address at the first edition of the Women In Energy Network, WIEN in partnership with the Renewable Energy Association of Nigeria, REAN, WEIN/REIN Conference, maintained that the contributions of women are needed in the area…

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NNPC, partners Ink FID on $3.6bn Brass Methanol Plant, Africa’s largest

  NNPC’s helmsman, Mallam Mele Kyari, who promised timely completion for the largest methanol plant in Africa and the first in Nigeria, unveiled how the project would create 35,000 jobs   The Nigerian National Petroleum Corporation (NNPC) says it would do everything within its powers to ensure the timely completion of the $3.6bn Integrated Gas Processing and Methanol Plant in Odioma, Brass Island, Bayelsa State. The Group Managing Director of NNPC, Mallam Mele Kyari, made the commitment at the signing of the Final Investment Decision (FID) on the project which…

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NNPC stocks, flaunts 2.9bn Litres of Petrol for Yuletide

  . GMD NNPC discourages panic buying over NUPENG strike threat The Nigerian National Petroleum Corporation (NNPC) on Tuesday dismissed mounting insinuation of possible scarcity of petroleum products following ongoing disagreement between the Federal Government and members of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN). The disagreement is on the implementation of the Integrated Payroll and Personnel Information System (IPPIS). Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division of the Corporation, quoted Mallam Mele Kyari as saying, in a release, that the industrial action embarked upon…

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What other African National Oil Companies can learn from NNPC – EITI

  The Extractive Industries Transparency Initiatives (EITI), has tasked the Nigerian National Petroleum Corporation (NNPC) to champion transparency for other National Oil Companies in Africa. EITI, a multi-stakeholder coalition that promotes extractives transparency and accountability in over 50 countries, also commended the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, for honouring his commitment to promote and deepen the culture of transparency and accountability in the Corporation. In a letter addressed to Mr. Kyari, the EITI’s Executive Director, Mark Robinson, commented: “The NNPC has set…

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NNPC dispels fuel scarcity rumour, flaunts 2bn litres petrol stock

  The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured motorists of ample availability of Premium Motor Spirit (PMS) revealing that the Corporation has more than 60-day sufficiency of petrol in its various strategic depots across the country. In a press release by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, the GMD attributed the emergence of queues in some petrol stations across the country to the disruption of the free flow of vehicular movement occasioned by curfews and…

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How notorious Otedola Bridge Petrol Tanker Explosion Started – NNPC

  Corporation commiserates with Victims, Lagos Govt over Saturday morning petrol tanker explosion on the notorious Otedola bridge The Saturday morning petrol tanker explosion on the notorious Otedola bridge in Lagos, Nigeria’s commercial capital, occurred when a container truck loaded with fabric experienced a brake failure, the Nigerian National Petroleum Corporation (NNPC) declared on Saturday. Quoting a report on the accident, the Corporation noted that the container truck loaded with fabric “collided with a 33,000ltrs fuel tanker loaded with Premium motor spirit (PMS), belonging to a downstream operator, the impact…

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Nigeria mulls production of 2,400MW gas equivalent from ANOH project

  NNPC MD says 600mscf daily production places ANOH asset as largest green field gas project in Nigeria’s history   The Nigerian National Petroleum Corporation (NNPC) has revealed that the Asa North-Ohaji South (ANOH) gas project, one of the largest green field gas condensate development projects ever undertaken in Nigeria, was expected to produce 600million standard cubic feet of gas per day, an equivalent of approximately 2,400 mega watts of electricity for the country. Group Managing Director of the NNPC, Mallam Mele Kyari, made this known while delivering a goodwill…

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