LAGOS AUGUST 23RD (NEWSRANGERS)-The Nigerian National Petroleum Corporation Limited (NNPCL) has reacted to a press release signed by Mr. Paul Ibe, a Media Adviser to the former Vice President, Alhaji Atiku Abubakar in which he was quoted to have lamented “the criminal hijack of the NNPC by corporate cabals around the current President”. In the…
LAGOS AUGUST 15TH (NEWSRANGERS)-The Port Harcourt Refining Company, a refinery under the management of the Nigerian National Petroleum Company Limited in Rivers State, has again failed to commence operations after about six postponements, The PUNCH reports. It was observed that promises made to Nigerians by the Federal Ministry of Petroleum Resources and NNPC about the…
LAGOS AUGUST 9TH (NEWSRANGERS)-The Nigerian National Petroleum Company Limited (NNPCL) has clarified issues surrounding the reported fire at the Mobil filling station at Ikeja, Lagos on Thursday. A statement by Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye after the incident, said the explosion had nothing to do with the recently commissioned NNPC Gas Marketing…
LAGOS JUNE 16TH (NEWSRANGERS)-The removal of the peg on the naira thus allowing for a free float will force a review of the assumptions that led to the pump price of petrol at N488 per litre in Lagos, industry operators say. Nigeria’s state-owned oil company, the Nigerian National Petroleum Company Limited (NNPCL) last month issued…
LAGOS JUNE 14TH (NEWSRANGERS)-Key players in the country’s downstream sub-sector of the oil and gas industry are seeking access to foreign exchange at a rate that will be friendly to their bottom-line. They also expressed concerns over what they described as haphazard implementation of the Petroleum Industry Act (PIA), especially, with regard to the withdrawal…