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NNPC Diversifying Portfolio Beyond Oil Assets – KyariNPC Will Partner Media for Information Sharing on PIB -Kyari

NNPC Diversifying Portfolio Beyond Oil Assets – Kyari

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The Nigerian National Petroleum Corporation (NNPC) says it is currently diversifying its portfolio beyond oil assets due to the impact of global energy transition. Mele Kyari, Group...

Applicants Petition Buhari Over NNPC recruitment delay

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About 400 participants that applied in the Nigerian National Petroleum Corporation (NNPC) Experienced Hire recruitment exercise in 2019 have petitioned President Muhammadu Buhari, to...
Petrol Tops Nigeria’s White Products Sales, Generates N1.9trn in 13 Months

NNPC Considers Third Party Financing Option for Oil Projects

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The Nigerian National Petroleum Corporation on Tuesday said it was currently focusing on third party financing of oil and gas development projects. The Group Managing...
Birth of A New Order: NNPC’s Gas Handling Facility Sells Gas in Naira

Birth of A New Order: NNPC’s Gas Handling Facility Sells Gas...

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Shell Petroleum Development Company (SPDC), on Monday disclosed that gas produced from its facility and sold domestically is now paid for in Naira, as...

Arepo-Magboro Gas Leakage: Industrial Customers Suffer Supply Cut

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Industrial customers and other entities receiving gas through the pipeline that was ruptured in Magboro, Ogun State, on Wednesday have seen supply cut off...
‘Nigeria May Lose N1.2trn Oil Revenue to Non-Compliance to Fiscal Incentive Package’

Fuel Imports Gulped N700.46bn in Three Months – NBS

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The amount spent on the importation of petroleum products into Nigeria rose to N700.46bn in the third quarter of this year, moving closer to...
Shell Nigeria Staff Accused of Orchestrating Oil Spills in Niger Delta – Report

Shell Nigeria Staff Accused of Orchestrating Oil Spills in Niger Delta...

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An investigation has pointed to a suspicion that some Shell employees suspected to have hand in oil spillage in Nigeria would be beneficiaries from...
The Nigerian National Petroleum Corporation, NNPC, has launched a tender process for fuel supplies in the country. It stated that this falls under the NNPC’s direct sale-direct purchase (DSDP) mechanism. Under this system, NNPC will provide monthly crude oil free on board (FOB) cargoes to suppliers, who shall provide petroleum products in return. In the process, companies must register interest by December 22 at 12 noon for the 2020-21 DSDP process. Documents should be submitted by January 21 and NNPC will open these bids online. The products will be on a delivered at place (DAP) basis, to designated ports in Nigeria. The fuel shall be equivalent in value to the crude oil received from NNPC. Under the ongoing process, three different types of company can participate, and they are Foreign refinery owners capable of processing Nigerian crudes, with a Nigerian affiliate or subsidiary. Also, Globally established traders, with Nigerian affiliates or subsidiaries and indigenous companies working in the downstream with trading expertise are qualified to bid. The DSDP contract will run for 12 months, starting at a yet to be revealed time. Bidders must demonstrate they meet various standards, such as audited accounts and minimum turnover thresholds. They must also meet Nigerian content requirements. The NNPC began the DSDP process in 2016 and expects to continue this until 2023. The Corporation awarded the last round of DSDP contracts in August 2019 and was due to expire in September 2020. However, these 2019-20 DSDP awards were extended by six months. Around 130 companies submitted bids in 2019, with 15 winning bids accepted. These included BP, Vitol, Gunvor and Trafigura, in addition to some local companies such as Sahara Energy and MRS Oil and Gas. NNPC included its own Duke Oil unit in the list of 15.

NNPC Invites Tender for Fuel Supplies

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The Nigerian National Petroleum Corporation, NNPC, has launched a tender process for fuel supplies in the country. It stated that this falls under the NNPC’s...
Marketers Gear for Showdown with FG Over Fuel Pump Price Reduction

Oil Marketers Gear for Showdown with FG Over Fuel Pump Price...

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The petroleum product marketers are gearing for a showdown with the federal government following the decision to reduce the pump price of petrol by...
Nigeria: From petrol to auto-gas, by Reuben Abati

Nigeria: From Petrol to Auto-Gas, by Reuben Abati

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The Nigerian Government deregulated the downstream petroleum sector with effect from March 19, 2020. The key argument was that the fuel subsidy regime which...
December 14: Marketers Fail to Comply With N5 Reduction in Petrol Price

Breaking: FG Reduces Price of Fuel

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The Federal Government has announced a reduction in the pump price of premium motor spirit, also known as petrol, from N168 to N162.44 per...
The Nigerian National Petroleum Corporation, NNPC, has launched a tender process for fuel supplies in the country. It stated that this falls under the NNPC’s direct sale-direct purchase (DSDP) mechanism. Under this system, NNPC will provide monthly crude oil free on board (FOB) cargoes to suppliers, who shall provide petroleum products in return. In the process, companies must register interest by December 22 at 12 noon for the 2020-21 DSDP process. Documents should be submitted by January 21 and NNPC will open these bids online. The products will be on a delivered at place (DAP) basis, to designated ports in Nigeria. The fuel shall be equivalent in value to the crude oil received from NNPC. Under the ongoing process, three different types of company can participate, and they are Foreign refinery owners capable of processing Nigerian crudes, with a Nigerian affiliate or subsidiary. Also, Globally established traders, with Nigerian affiliates or subsidiaries and indigenous companies working in the downstream with trading expertise are qualified to bid. The DSDP contract will run for 12 months, starting at a yet to be revealed time. Bidders must demonstrate they meet various standards, such as audited accounts and minimum turnover thresholds. They must also meet Nigerian content requirements. The NNPC began the DSDP process in 2016 and expects to continue this until 2023. The Corporation awarded the last round of DSDP contracts in August 2019 and was due to expire in September 2020. However, these 2019-20 DSDP awards were extended by six months. Around 130 companies submitted bids in 2019, with 15 winning bids accepted. These included BP, Vitol, Gunvor and Trafigura, in addition to some local companies such as Sahara Energy and MRS Oil and Gas. NNPC included its own Duke Oil unit in the list of 15.

Withdrawal of $21b from NLNG Account, Legal – NNPC

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        …Reps summon finance minister, othersThe Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has said that the withdrawal...
Nigeria’s Oil Industry Needs More Privatization to Flourish

Nigeria’s Oil Industry Needs More Privatization to Flourish

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Nigeria National Petroleum Corporation (NNPC) operates as a state-owned company the government uses as the regulator and partial distributor of petroleum liquids in the...
The Nigerian National Petroleum Corporation, NNPC, has launched a tender process for fuel supplies in the country. It stated that this falls under the NNPC’s direct sale-direct purchase (DSDP) mechanism. Under this system, NNPC will provide monthly crude oil free on board (FOB) cargoes to suppliers, who shall provide petroleum products in return. In the process, companies must register interest by December 22 at 12 noon for the 2020-21 DSDP process. Documents should be submitted by January 21 and NNPC will open these bids online. The products will be on a delivered at place (DAP) basis, to designated ports in Nigeria. The fuel shall be equivalent in value to the crude oil received from NNPC. Under the ongoing process, three different types of company can participate, and they are Foreign refinery owners capable of processing Nigerian crudes, with a Nigerian affiliate or subsidiary. Also, Globally established traders, with Nigerian affiliates or subsidiaries and indigenous companies working in the downstream with trading expertise are qualified to bid. The DSDP contract will run for 12 months, starting at a yet to be revealed time. Bidders must demonstrate they meet various standards, such as audited accounts and minimum turnover thresholds. They must also meet Nigerian content requirements. The NNPC began the DSDP process in 2016 and expects to continue this until 2023. The Corporation awarded the last round of DSDP contracts in August 2019 and was due to expire in September 2020. However, these 2019-20 DSDP awards were extended by six months. Around 130 companies submitted bids in 2019, with 15 winning bids accepted. These included BP, Vitol, Gunvor and Trafigura, in addition to some local companies such as Sahara Energy and MRS Oil and Gas. NNPC included its own Duke Oil unit in the list of 15.

Nigeria’s Marginal Oilfields Crude Production Drops to 1.52mb in 7 months

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The Nigerian National Petroleum Corporation (NNPC) has said that marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in...
Power Sector Challenge is Transmission, Not Gas Supply – Kyari

Power Sector Challenge is Transmission, Not Gas Supply – Kyari

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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that the major challenge now facing the power...
Nigeria’s Moribund Refineries Record N79bn Deficit, Zero Refined Crude

Nigeria’s Moribund Refineries Record N79bn Deficit, Zero Refined Crude

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Nigeria has continued to reel under the burden of frightening overheads in the four refineries despite the absence of any drop of refined crude...
NNPC Sells $120.49m Worth of Crude Oil, Gas in September

NNPC Cuts Losses in One Financial Year by N800bn – GMD

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The Group Managing Ddirector of the Nigerian National Petroleum Corporation (NNPC), Engr Mele Kyari, has said that the apex oil corporation is the only...
Petrol Tops Nigeria’s White Products Sales, Generates N1.9trn in 13 Months

NNPC Shines at NSE Fellowship Award With Coo, Upstream, 6 Staff...

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The Nigerian National Petroleum Corporation was the centre of attraction at the Nigerian Society of Engineers’ (NSE) fellowship award ceremony with the Corporation bagging...
Reps Summon Kyari, Emefiele, Allege N3.2tn, Others Unremitted

Reps Summon Kyari, Emefiele, Allege N3.2tn, Others Unremitted

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The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central...
NNPC Sells $120.49m Worth of Crude Oil, Gas in September

NNPC Raises Petrol Depot Price, Product May Sell at N168-N170/litre

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The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known...
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