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Tag: Nigerian National Petroleum Corporation (NNPC)

No Casualties Recorded At The Fire Incident Of NNPC Minna Depot -Baru

No Casualties Recorded At The Fire Incident Of NNPC Minna Depot -Baru

NEWS
  Dr. Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation on Monday said there was no casualty recorded at the fire incident that occurred at the NNPC Minna depot, Niger, on Saturday, July 7. He confirmed this in an interview with the News Agency of Nigeria on the sideline of the ongoing Seven Critical Gas Development Projects (7CGDP) workshop in Lagos. According to NAN report, on July 7, fire gutted the NNPC Minna depot as some people were scooping fuel from a leaking tank. ”There was an unfortunate incident on Saturday night and early Sunday morning where floating roof of one of our tanks in Minna came down. “Unfortunately, some petrol from our storage, which is part of our strategic storage plan, spilled from the tank. “There wa
Ibe Kachukwu Is a Floating Minister – Edwin Clark

Ibe Kachukwu Is a Floating Minister – Edwin Clark

NEWS, NIGER DELTA
  Renowned Ijaw leader, Chief Edwin Clark has advised Mr Ibe Kachukwu , the Minister of State Petroleum to stand for his right in the Ministry of Petroleum, noting that he is merely a floating Minister with his responsibilities allegedly being hijacked by the Group Managing Director, GMD, of the Nigerian National Petroleum Corporation, NNPC. Chief Edwin Clark made this assertion on Wednesday at his Kiagbodo residence in Delta state. Kachukwu should be careful not to make it in history as the most sidelined Minister in President Muhammadu Buhari’s cabinet, Clark said, noting that the region would stand by him if he chose to do the needful. “The Minister of State for Petroleum is floating, he hardly finds job to do. If contracts can be awarded without him and approved by
Report: SPDC JV Paid N5.31 Trillion To Nigeria Government In 4 Years

Report: SPDC JV Paid N5.31 Trillion To Nigeria Government In 4 Years

BUSINESS, NEWS
  Shell Petroleum Development Company, (SPDC), joint partner's economic contribution to the Nigerian government between 2013-2017 is $23 billion (N5.31 trillion). The monies were paid under the joint venture agreement between government-owned Nigerian National Petroleum Corporation (NNPC 55% share), SPDC, (30% share), Total E&P Nigeria LTD (10%) and the Eni subsidiary Nigerian Agip Oil Company Limited (5%). Shell's share of royalties and corporate taxes paid to the federal government in 2017 stood at approximately $1.1billion (N333.33 billion), SPDC $0.4billion; SNEPCo $0.7 billion). This was contained in latest edition (April 2018) of "Shell In Nigeria Briefing Notes" which was presented to journalists in Warri, Delta state on Thursday. The copy of the document...
‘We’ve Dealt With The Niger Delta Issue’ – Minister

‘We’ve Dealt With The Niger Delta Issue’ – Minister

NEWS, NIGER DELTA
  Minister of State, Petroleum Resources, and Chairman of the Nigerian National Petroleum Corporation (NNPC) board, Dr. Ibe Kachikwu, has said the federal government has surmounted challenges in the Niger Delta region to reach full production capability of crude oil in the country. Kachikwu made this known while speaking at the Nigeria International Petroleum Summit (NIPS) 2018, and stressed “Africa with its bushes and its wildlife, remains the continent yet untapped; abundant in opportunity”. “We’ve dealt with the Niger Delta issue. We have moved from a position where we were producing under 1 million bpd to our full capabilities, he stated. He, however, noted that “the clean energy focus is beginning to make irrelevant the vast oil reserves many countries have”. I
NNPC Allays Fear Of Shortage Of Gas To Power Plants Over Escravos Pipeline Fire

NNPC Allays Fear Of Shortage Of Gas To Power Plants Over Escravos Pipeline Fire

NEWS
The Nigerian National Petroleum Corporation (NNPC) said on Friday that routine gas supply for power generation was not affected by the fresh fire incident that engulfed a segment of the Escravos-Lagos Pipeline System (ELPS). NNPC Group Managing Director, Dr. Maikanti Baru, had directed that an alternative pipeline be re-streamed immediately to ensure gas supply to power plants in parts of the country is not disrupted. The Group General Manager, Group Public Affairs Division of NNPC, Ndu Ughamadu, disclosed this in a statement in Abuja. The statement said: “Already, gas supply into the network via alternative sources has been ramped up ahead of ongoing repair works on the affected segment as directed by the GMD. “The strategic Escravos to Lagos Pipeline System was affected b