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Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation (NNPC), says the country is working on building a condensate refinery towards the goal of self-sufficiency in refined petroleum products. Speaking on…
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Nigeria’s oil sector regulator, Department of Petroleum Resources (DPR) has released strategic plan and policy for the survival and success of the industry post COVID-19. Director/CEO of the agency, Engr. Sarki Auwalu, who made this…
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Raising hope that crude oil price may rise to $40 to $45 per barrel as countries gradually recovered from the pandemic, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari has assured that the…
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…Commences Building of Facilities in Three States Of the N21billion ($58million) pledged in kind as medical intervention by the Nigeria Oil and Gas Industry to combat COVID-19 and improve on healthcare delivery in the Country, 53 per…
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The Nigerian National Petroleum Corporation (NNPC), has revealed that a number of its partners are producing oil in Nigeria at $93 per barrel.Mele Kyari, the Group Managing Director of the state-owned corporation made the disclosure on…
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Billed to be the world’s biggest single-refinery train at 650,000 barrels per day capacity (bpd), the Dangote Petroleum Refinery could meet Nigeria’s, if not Africa’s refining need but would slug it out for market share with a new $20bn…
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*Oil prices continued dropping as investors and traders weighed on oversupply prospects, dollar strengthening, and refining margins On Tuesday, oil prices continued dropping as investors and traders weighed oversupply prospects,…
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Nigeria to comply with OPEC output cut quota by July The Nigerian National Petroleum Corporation (NNPC) has set a July deadline to end its crude sales discount regime. NNPC Group Managing Director, Mallam Mele Kyari, in an interview…
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The federal government yesterday commissioned the operation of Dukia Gold and Precious Metals Project (DGPMP) that would enable Nigeria to mine her gold reserves properly, trade responsibly and refine locally. The Vice President, Prof.…
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The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has stated that only proper fiscal framework can facilitate and accelerate new oil field licensing round bid in the country. Kyari said without…
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