Nnpc news

NNPC (Nigerian National Petroleum Corporation) is the state-owned oil company of Nigeria, and it is responsible for the exploration, production, and distribution of petroleum products in the country. Here are some recent news updates from 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 profit recorded in 2019. The corporation attributed the increase to improved crude oil prices and increased revenue from the sale of petroleum products. (Source: Vanguard News)
  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. The projects include the development of new oil fields, the upgrade of existing infrastructure, and the construction of new refineries. (Source: ThisDay Live)
  3. NNPC to Increase Gas Supply to Power Sector: The NNPC has announced plans to increase gas supply to the power sector by 20% in the next two years, aimed at improving power generation and distribution in the country. The corporation has also announced plans to invest N500 billion in the development of gas infrastructure. (Source: The Guardian Nigeria)
  4. NNPC to Partner with International Companies to Develop Oil Fields: The NNPC has announced plans to partner with international companies to develop oil fields in the country, aimed at increasing oil production and improving the country's economy. The corporation has already signed agreements with several international companies, including Shell and Total. (Source: Premium Times)
  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 fuel supply chain. The new regime is expected to come into effect in the next few weeks. (Source: Leadership Newspaper)

Upcoming Events

  1. NNPC Annual Conference: The NNPC is set to hold its annual conference in Abuja, Nigeria, from March 15-17, 2023. The conference will bring together industry experts, policymakers, and stakeholders to discuss the latest developments in the oil and gas industry. (Source: NNPC Website)
  2. NNPC International Conference: The NNPC is also set to hold an international conference in Lagos, Nigeria, from April 10-12, 2023. The conference will focus on the theme "Sustainable Energy for a Sustainable Future" and will bring together experts from around the world to discuss the latest developments in the energy sector. (Source: NNPC Website)

I hope this information is helpful!