NNPC

Africa Oil & Gas: NNPC says China Willing To Invest $3B In Oil Operations

Posted on by Mozambique Resources Post

(Reuters) – China National Offshore Oil Corp (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

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Africa Oil & Gas: Nigeria Opposition Leader Promises Partial Oil Firm Privatization

Posted on by Mozambique Resources Post

A former ally of Nigeria’s President Muhammadu Buhari has pledged to privatize parts of the country’s national oil company if he wins the presidential vote next February. Atiku Abubakar told Reuters a floating naira will serve to attract greater foreign investment in Africa’s biggest crude oil producer.

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Africa Oil & Gas: NNPC Inks $26.9 Billion in Investment Deals

Posted on by Mozambique Resources Post

The Group MD of Nigeria’s state-run firm NNPC, Maikanti Baru, revealed while speaking at an industry event that the firm’s upstream segment inked $26.9 billion investments. According to Baru, this shows a renewed confidence in the oil industry.

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Africa Oil & Gas: Nigerian National Petroleum Corporation drives Sub-Saharan Africa gas production in 2021

Posted on by Mozambique Resources Post

Sub-Saharan Africa’s gas production will grow by 18% by 2021 to 9.1 billion ft3 per day. Nigerian National Petroleum Corporation will drive Sub-Saharan Africa’s gas production with 34.2% share of all the production in 2021. Royal Dutch Shell Plc and Eni SpA follow with 10.4 and 7.8% respectively, according to GlobalData.

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Africa Oil & Gas: Nigeria aims to become net exporter of refined petroleum by the end of 2019

Posted on by Mozambique Resources Post

The Nigerian National Petroleum Corporation Nigeria (NNPC) is pushing ahead with its goal to revive its oil refineries and become a net exporter of petroleum products by the end of next year, delegates at the annual conference of the African Refiners & Distributors Association (ARA), in Cape Town, have heard.

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Africa Oil & Gas: “Nigeria’s refinery overhaul projects to start in second quarter” – NNPC

Posted on by Mozambique Resources Post

Refinery overhaul projects will begin in Nigeria as soon as the second quarter, an official from state oil company NNPC said on Tuesday. NNPC is in the final stages of talks with consortiums including top traders, energy majors and oil services companies to revamp its long-neglected oil refineries in an effort to reduce its reliance on imported fuel. “We believe that by the second quarter of this year we will …start getting the ball rolling…

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