Stakeholder in the Nigerian economy Tuesday clamoured for swift completion of the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline with a view to attaining rapid industrial growth and economic diversification. An economic think-tank drawn from the organised private sector, petroleum industry, regulatory agencies and academia, who partook in a webinar organised by Valuechain Magazine, enjoined the […]
The Nigerian National Petroleum Corporation (NNPC) has said that it will increase daily gas production from 260,000 to 500,000 standard cubic feet per day in the next two years. The Group Managing Director of the corporation, Mallam Mele Kyari revealed the plan recently while inspecting Oredo Integrated Gas Handling Plant Facility (IGHF), which belongs to […]
The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it would reduce importation of Liquefied Petroleum Gas (LPG) into the country when the 100 million standard cubic feet of gas capacity facility at Oredo flow station in Benin City, Edo State, is commissioned. President Muhammadu Buhari, according to Mele Kyari, group Managing Director of the […]
The Nigerian National Petroleum Corporation (NNPC) on Sunday, says it made a total of $4.60billion from crude oil and gas export between June 2019 and 2020. It said in June 2020, the export receipt was $378.42 million as against the $133.16million recorded in May 2020. This was contained in the NNPC’s Monthly Financial and Operations […]
Producers and consumers of natural gas alike can agree on gas prices on a willing seller willing buyer basis, the Nigerian Minister of State for Petroleum has said. “However special protections are built in to ensure supply to wholesale customers in strategic sectors which are the power sector, gas-based industries and commercial sectors with significant […]
