Chineme Okafor in Abuja An analysis of the December 2017 edition of the monthly operations and financial reports of the Nigerian National Petroleum Corporation (NNPC) has revealed that Products and Pipelines Marketing Company (PPMC) exceeded the projected loss in its year-to-date (YTD)...
Niger Delta militants have damaged an oil facility belonging to Pipeline Products Marketing Company, PPMC, a subsidiary of NNPC in Warri.
According to chairman of Batan community, two blasts were heard on Sunday night at the site of the facility.
"This morning I and some PPMC workers, and...
The Federal Government has declared a state of emergency for petroleum products distribution in a swift move to end the recurrent fuel shortages, particularly of premium motor spirit, PMS being experienced in the country.
According to Vanguard. private operators in the country now have the...
state of emergency
It has been revealed that Duke Oil and Trafigura Limited lifted about $24bn worth of crude oil between 2010 to 2015 under NNPC's crude oil swap deal.
This came to light following an investigation conducted by an House of Representative ad Hoc committee.
While Duke Oil, a subsidiary of the...
The Minister of State for Petroleum, Dr. Ibe Kachikwu has given assurances that from 2016, the country’s oil sector will experience a turn around that will allow the refineries work effectively and then petroleum products will be available to Nigerians at affordable prices.
He said that as a...