Month: September 2021

NNPC Generates N2.34trn From Petroleum Products’ Sale in 1 Year

NNPC Generates N2.34trn From Petroleum Products’ Sale in 1 Year

he Nigerian National Petroleum Corporation (NNPC) generated a total of N2.345trillion as revenues from the sales of petroleum products in the one year period from May 2020 to May 2021, according to the latest monthly report from the state-owned oil company. The May 2021 edition of the NNPC monthly financial and operations report (MFOR) released […]

Nigeria: Gombe Signs MOU With Private Firm On Oil Exploration

Nigeria: Gombe Signs MOU With Private Firm On Oil Exploration

The Gombe State Government signed an MoU with an oil firm for the exploration of petroleum products in the state. The Gombe State Government has signed a Memorandum of Understanding (MoU) with an oil and gas company, Rift Oil and Petroleum Company, for the exploration of petroleum products in the state. Governor Inuwa Yahaya, who […]

NLNG not responsible for local LPG supply short fall, price hike – Official

NLNG not responsible for local LPG supply short fall, price hike – Official

The Nigeria LNG Limited (NLNG) on Tuesday, said marketers were unable to offtake the full 450,000MTPA of Liquefied Petroleum Gas (LPG) allocated to the Nigerian market by the company due to various factors. Marketing Manager, NLNG, Mr Austin Ogbogbo, made the clarification during an interactive session with newsmen in Lagos. Ogbogbo noted that NLNG was […]

Nigerian content policy saves $2bn in NLNG Train 7

Nigerian content policy saves $2bn in NLNG Train 7

Nigeria was saved the sum of $2 billion dollars from the ongoing Train 7 of the Nigeria liquefied Natural Gas (NLNG) project as a result of using Nigerian firms, Mr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB). The News Agency of Nigeria (NAN) reports that Wabote, stated this on Friday, shortly […]

Nigeria to increase crude production to 1.88mbpd in 2022

Nigeria to increase crude production to 1.88mbpd in 2022

After months of stalling because of Covid restrictions and Organisation of Petroleum Exporting Countries (OPEC) cuts, as well as significant international criticism over misplaced funds, Nigeria appears to be optimistic about the future of its faltering oil industry in a time when few others are. The Nigerian government announced weekend that it expects the country […]

Telmek Global Resources © 2022
Scroll to Top