Nnpc news update

Here's the latest news update from the Nigerian National Petroleum Corporation (NNPC):

Recent News

  1. NNPC Records N665.8 Billion Profit in 2020: The NNPC has announced a profit of N665.8 billion for the year 2020, a significant increase from the N212.8 billion recorded in 2019. The corporation attributed the increase to improved crude oil prices and increased revenue from its downstream operations.
  2. NNPC to Invest N1.5 Trillion in New Projects: The NNPC has announced plans to invest N1.5 trillion in new projects in the next three years, aimed at increasing the country's oil production capacity and improving the efficiency of its operations.
  3. NNPC to Partner with International Oil Companies (IOCs) on New Projects: The NNPC has announced plans to partner with IOCs on new projects, including the development of the Akpo and Egina oil fields. The partnership is expected to increase the country's oil production capacity and generate more revenue.
  4. NNPC to Increase Gas Supply to Power Sector: The NNPC has announced plans to increase gas supply to the power sector, aimed at improving power generation and distribution in the country. The corporation has also announced plans to invest in new gas infrastructure to support the growth of the power sector.
  5. NNPC to Implement New Fuel Pricing Regime: The NNPC has announced plans to implement a new fuel pricing regime, aimed at reducing the cost of fuel and improving the efficiency of the downstream sector. The new regime is expected to come into effect in the next few weeks.

Upcoming Events

  1. NNPC Annual Conference: The NNPC will be hosting its annual conference in Abuja, Nigeria, from March 15-17, 2023. The conference will bring together industry stakeholders, including oil and gas companies, government officials, and experts, to discuss the latest trends and developments in the oil and gas industry.
  2. NNPC-IOCs Partnership Forum: The NNPC will be hosting a partnership forum with IOCs in Abuja, Nigeria, from April 10-12, 2023. The forum will bring together IOCs and other industry stakeholders to discuss partnership opportunities and collaborations in the oil and gas industry.

Recent Press Releases

  1. NNPC Announces New Fuel Pricing Regime: The NNPC has announced a new fuel pricing regime, aimed at reducing the cost of fuel and improving the efficiency of the downstream sector.
  2. NNPC to Invest N1.5 Trillion in New Projects: The NNPC has announced plans to invest N1.5 trillion in new projects in the next three years, aimed at increasing the country's oil production capacity and improving the efficiency of its operations.
  3. NNPC Partners with IOCs on New Projects: The NNPC has announced plans to partner with IOCs on new projects, including the development of the Akpo and Egina oil fields.

I hope this update is helpful!