Tag: Mele Kyari

‘Mele Kyari, Maikanti Baru Spent $19bn On Refineries’ Maintenance In 8 Yrs’

ADEOLA YUSUF

Money NNPC under Buhari lavished to maintain inefficient refineries surpassed $18.5bn Dangote used to build World’s largest single train refinery, Nasarawa state governor spills the beans     Nassarawa state Governor, Abdullahi Sule, has said that the government of ex-President Muhammadu Buhari spent more than the $19 billion to maintain Nigeria’s refineries in eight years. Mallam Mele Kyari and late Maikanti Baru held sway as the Group Managing Directors of the Nigerian National Petroleum Company Limited (NNPCL) during the eight years. Kyari, at different fora told journalists that Buhari never…

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Nigeria Dwindles Multi-Billion Dollars Crude Oil Swap Deals – Kyari

Efe Wellington

Nigeria’s state oil firm NNPC Ltd is winding down crude swap contracts with traders and will pay cash for gasoline imports, its chief executive told Reuters, adding that private companies could begin importing petrol as soon as this month. The move is part of new Nigerian President Bola Tinubu’s plans to deregulate the gasoline market and reduce the burden on government finances. Tinubu has already scrapped a costly fuel subsidy, effective from last Tuesday, a decision which tripled petrol prices, angering labour unions who have called for a strike starting…

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NNPC Ltd Acquires 380 Oando Stations, Other Assets Nationwide

ADEOLA YUSUF

Why we acquired OVH downstream assets including reception jetty (ASPM) with 240,000 metric tons monthly capacity, eight Liquefied Petroleum Gas (LPG) plants, three lubes blending plants, three aviation depots, and 12 warehouses – Kyari   The Nigerian National Petroleum Company Limited (NNPCL) has acquired all 380 Oando retail outlets, aviation and gas brands nationwide from OVH Energy. Speaking at the unveiling of one of the new NNPC Ltd stations formerly Oando in Abuja on Saturday, the Group Chief Executive Officer NNPC Limited, Mele Kyari, said, “The acquisition will bring over…

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Real Reason Cooking Gas Price Hits N12,000 Per 12.5kg – Marketers

Abibat Babalola

Marketers absolve selves of blame, open up on what potfolio investors have to do with skyrocketing gas prices   The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has blamed ‘portfolio investors’ for the high cost of cooking gas. READ ALSO: Savannah Energy Begins First Gas Sales To Central Horizon Gas Company OML 21: Nivafer Delivers HP Skid For Shell Asa North Gas Project Cooking Gas Price Skyrockets To N12,000 Per 12.5Kg NNPC, Sahara Group invest $300m in gas The president of the association, Oladapo Olatunbosun, disclosed this on Tuesday…

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NLNG, NCDMB, Chevron, SNEPCo, Others bag awards at 2022 NIES

ADEOLA YUSUF

OPEC’s Barkindo, MNPC’s Kyari, ex-Minister Ibe Kachikwu, here is the full list of who won what at the prestigious award The Nigeria LNG Company Ltd. (NLNG) has won the 2021 Gas Infrastructure Project Company of the year award in the Nigeria oil and gas sector. The Nigerian Content Development and Monitoring Board (NCDMB) also won an award for its role, which has made Nigeria a role model for other countries in Africa in terms of local content development and monitoring. Platforms Africa reports that the award was conferred on the…

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Why, How Test Did Not Discover Off-Spec Petrol At Nigerian Depots – NNPC

ADEOLA YUSUF

Kyari Assures Fuel Queues’ll Vanish in Few Days as House C’ttee Vows To Handle Erring PMS Suppliers   The Nigerian National Petroleum Company Limited (NNPC) has given reason the off-spec Premium Motor Spirit (PMS), also known as petrol, was not discovered through test at the depots. Platforms Africa reports that the Chief Executive Officer (CEO) of the NNPC, Mallam Mele Kyari, who said this during a meeting with the members of the House Committee on Petroleum (Downstream), maintained that the “reason why tests did not reveal methanol presence was because…

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How Oando, MRS, Duke, Emadeb Imported adulterated Fuel From Belgium – NNPC

Efe Wellington

NNPC releases more damning data on the names of the vessels and load ports in Antwerp-Belgium from where the four oil trading firms shipped in contaminated fuel into the Nigerian Market. You lied, Oando, MRS fight back   The Nigerian National Petroleum Company (NNPC) Limited has given details of how four oil trading firms allegedly imported adulterated Premium Motor Spirit (PMS) also known as petrol from Belgium. Platforms Africa reports that the the affected suppliers accused of importation of the off-spec product under the Direct-Sale-Direct-Purchase (DSDP) are MRS, Oando, Duke…

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How, Why NNPC Secured $5 billion Afreximbank Deals

ADESUPO OSOSANYA

The Nigerian National Petroleum Company (NNPC) Limited has sealed a deal with the African Export-Import Bank (Afreximbank) to fund major investments in its Nigerian upstream sector. Platforms Africa reports that the $5 billion funding commitment is an offshoot of the meeting between Benedict Oramah, Chairman of the board of Directors and President of the African Export-Import Bank (Afreximbank) and the NNPC team led by Group Managing Director, Mele Kyari, in Cairo, Egypt, on Wednesday. Under the deal, the bank agreed to enter into a financial advisory and fundraising role to…

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Banks’ Apathy for Nigeria’s Oil Projects Funding Degenerates

ADEOLA YUSUF

NNPC Chief, Mele Kyari, acknowledges Lenders’ apathy for Fossil fuel investment at NAEC confab, highlights plans B for Nigeria’s energy transition journey   The banks and other lenders’ funding apathy for oil and other fossil fuel projects in Nigeria has degenerated. Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, who declared this at the Annual Conference of the Association of Energy Correspondent of Nigeria (NAEC) held in Lagos, Nigeria’s commercial capital, maintained that President Muhammadu Buhari has requested for energy justice and other plan…

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Why CEO, NNPC Ltd., Mele Kyari, Advocated Energy Justice For Africa

ADEOLA YUSUF

Group Managing Director and Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mallam Mele Kyari, has advocated what he called “energy justice” in the implementation of energy transition for Africa. Platforms Africa reports that Kyari made this known ahead of the commencement of the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow, Scotland next week. Discussions countries transiting to less carbon-intensive energy sources have been gaining momentum in the last few years, with global leaders calling for a shift away from fossil fuels…

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