Qubes Magazine




Showing posts with label NNPC. Show all posts
Showing posts with label NNPC. Show all posts

Saturday, August 13, 2022


NNPC Ltd launches crude theft monitoring applications

The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Friday launched ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism.

The News Agency of Nigeria (NAN) reports that the launch held in Abuja on the sideline of the signing of renewed Production Sharing Contracts (PSCs) agreements between NNPC and its partners in Oil Mining Leases.

The portal with the address ‘stopcrudetheft.com’ could also be accessed through a mobile phone.

The portal has application options for reporting incidences, with prompt follow up and responses and another one for crude sales documents validation.

Speaking during the launch, Malam Mele Kyari, Group Chief Executive Officer (GCEO), NNPC Ltd. said ”vandals’ actions on pipelines became a difficult thing to deal with, but it engaged partners to ensure that it responded to the situation.”

According to the GCEO, there was involvement of government regulatory bodies, security agencies and host communities while it put up a robust framework to curtail the menace.

“There are still ongoing activities of oil thieves and vandals on our pipelines and assets, very visible in the form of illegal refineries that are continuously put up in some locations and insertions into our pipeline network.

“Arrests have been made and vessels have been arrested by Nigerian Navy, I commend the Armed forces, in the last three months, they have done substantive work and had destroyed some illegal refineries,” he said.

Kyari said international refineries where the stolen crude could be taken to had obligations to ensure they bought Nigerian crude from credible sources which could be validated.

He said, ”if they refused to do that, they would be held responsible as part of the culprits involved.”

He explained that the platforms were created for members of the communities and other Nigerians to report incidences of theft and be rewarded.

Kyari urged that on the international arena, companies must report suspicious sale.

He further said,”every product that left the country must have a unique registration number by the NNPC and validated by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

“Ahead of this, we are also creating a platform where end-users, particularly refiners and traders can validate the product.

“We cannot do this without international collaboration. It is impossible for any refinery to take a crude they do not know the source, refineries are designed to process certain specific grade of crude.

“It is their duty to ensure that they validate this, because we have unique number of every crude that leaves this country,” he said.

The GCEO, while stating that it has a total coordination process now, said it had a line of sites around all marine movement in the country and had created a functional platform.

“We have visibility around everyone’s operations and the Economic and Financial Crime Commission (EFCC) is following everyone related to those transactions.

“Wherever there is massive movement of cash, EFCC will follow the person, we believe that the combination of all these will get us back to normalcy,” he said. NAN

Monday, March 07, 2022


NNPC releases additional 381.8 million litres of fuel, queues lessen

The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims by the Nigerian National Petroleum Company Limited that it has been releasing hundreds of millions of litres of petrol to address the situation.

In its latest weekly national PMS evacuation report for February 21 to 26, 2022, seen on Sunday, NNPC said it evacuated an additional 381.88 million litres of petrol during the period.

About a week ago, the oil firm stated that it distributed a total of 387.59 million litres of PMS from February 14 to 20, 2022, in its bid to bridge the petrol supply gap.

But despite its claims, the queues for petrol in filling stations that dispensed the commodity on Sunday remained massive in Abuja and neighbouring Nasarawa and Niger, as well as in many other states.

Queues formed by motorists were seen at the Nipco filling station along the Kubwa end of the Kubwa-Zuba expressway in Abuja. In Zuba, Niger State, motorists besieged the few outlets that sold petrol, forming long queues.

The same situation played out in filling stations in Mararaba and Nyanya in Nasarawa State, as petrol users in many other states complained of scarcity in their various locations.

But in its PMS weekly evacuation report for February 21 to 26, 2022, the NNPC said it evacuated a total of 381.88 million litres of petrol, representing an average daily evacuation of 63.65 million litres, while the year-to-date daily average was put at 60.86 million litres.

It said 80 per cent of all the evacuation took place at the top 20 high loading depots, while 20 per cent of the remaining evacuation took place at the other depots.

The top 20 high load-out depots include Pinnacle-Lekki with 43.259 million litres; Aiteo, 22.462 million litres; A.A. Rano, 22.43 million litre; A.Y.M Shafa, 19.232 million litres; and Prudent, 17.788 million litres, among others.

In the next category, the firms that were involved in PMS load-out, according to NNPC, include Gonzaga, 8.23 million litres; Bovas Bulk-Ibafon, 7.761 million litres; PPMC Mosimi, 7.15 million litres; and First Royal, 4.825 million litres; among others.

The scarcity of petrol in Nigeria has persisted for about a month. The development has led to the resurgence of black marketers who sell petrol at between N300 to N500/litre depending on the area of purchase. Punchng

Monday, November 08, 2021


Fuel Supply: Don’t panic - NNPC tells motorists, others

The Nigerian National Petroleum Corporation (NNPC) has advised the public not to engage in panic buying of Premium Motor Spirit, commonly known as petrol.

The NNPC said it was also not aware of any plan by government to cause an increase in the pump price of petroleum.

A statement on Monday by Garba Muhammad, Group General Manager, Group Public Affairs Division, NNPC, in Abuja, said that the NNPC had over 1.7 billion litres of petrol in stock.

According to Muhammad, more of the product is expected to arrive into the country daily over the coming weeks and months.

He said it was therefore unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond.

“The NNPC is also not aware of any plan by government to cause an increase in the pump price of petroleum. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has made that declaration last week.

“In view of these assurances therefore, the NNPC is advising motorists and other consumers of petrol to maintain their regular pattern of the purchase of petrol without getting into a panic situation that may send the wrong signals around the country,” he said.

According to him, the NNPC is also engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country during the festive season and beyond. NAN

Thursday, May 07, 2020


NNPC reduces petrol price to N108 per litre

he NNPC, Nigeria state-owned petroleum company has reduced the price of petrol from N113.28k per litre to N108.00k per litre representing a 4.8% drop in prices. 

This is the second time in about two months that the NNPC has drop the price of petrol. On March 19th, 2020, the NNPC announced a reduction from N133.28/litre to N113.28/litre.

 One-chance robbers fleece widow of N47,000 

TMC: How to stay spiritual during COVID-19  

Airlines losing N17bn monthly to Coronavirus –Govt  

265 Nigerians: Woman gives birth on repatriation flight from UAE
The current drop was announced via the twitter handle of the NNPC on Wednesday and issued by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, who quoted the Managing Director of the Petroleum Products Marketing Company (PPMC), Musa Lawan.

According to Dr. Obateru, “the new ex-depot price of Premium Motor Spirit (PMS), otherwise called petrol, reflects the company’s market strategy to make more sales while complying with the Petroleum Products Pricing Regulatory Agency’s (PPPRA) price template.”
He further explained that “the new price regime would enable PPMC to boost its sales volumes from the billions of litres of Petrol it has in storage while providing affordable price to millions of customers.”

On how they arrived at the current price, he explained that the price was arrived at “after an extensive review of market realities by the PPMC internal price review unit.”

What this means: The NNPC GMD Mallam Mele Kyari had alluded to the possible removal of fuel subsidy back in April raising optimism that Nigeria was going to ditch a long-standing government policy of spending trillions of naira subsidising petrol. This announcement, however, suggests that the government wants to still manage the price of petrol rather than allow the market to determine the price just as it is for AGO otherwise called diesel.

On diesel, the PPMC MD Musa Lawan explained that diesel price was not touched as it has already being deregulated and determined by market forces.

Oil prices fell to all-time lows in April triggering a request for an automatic reduction in fuel prices in line with market forces as observed in countries with a deregulated market. Nairametrics

Saturday, April 04, 2020


In Nigeria: NNPC lauds tanker drivers for seamless distribution of petrol

The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that the country has sufficient petroleum products thanking the Petroleum Tanker Drivers (PTD) for their sacrifice in ferrying petroleum products across the country.

The Corporation’s Group General Manager, Group Public Affairs Division, Kennie Obateru, has said the tanker drivers’ selfless service during the lockdown has ensured smooth distribution of petroleum products during this period. 

7 ways to avoid Depression during COVID-19 lockdown 

Corona Virus: The rich also cry  

Masses stealing from the Masses during COVID-19

Managing Director of NNPC Retail Ltd, Billy Okoye, also disclosed that all NNPC Retail Ltd’s filling stations, numbering over 600 across the country, are to remain operational throughout the period of the lockdown to meet the energy needs of Nigerians.

According to him, NNPC retail products are daily being trucked to stations strategically located across Nigeria, urging consumers not to engage in panic buying.

He thanked the various state governors for allowing petroleum tankers to crisscross their states despite the movement restriction order and commended the security agencies, Petroleum Tanker Drivers (PTD), Nigerian Association of Road Transport Owners (NARTO), National Union of Petroleum and Natural Gas Workers (NUPENG) and all other service providers in the Downstream value chain for their support. Theguardianng

Sunday, February 09, 2020


Former NNPC boss reels out nine-point agenda to unseat Obaseki

Former Group Managing director of the Nigeria National Petroleum Corporation (NNPC), Mr Chris Ogiemwonyi, has rolled out his nine-point agenda that would serve as major pillars of development blueprint if elected as next Governor of Edo.

News Agency of Nigeria (NAN), reports that Ogiemwonyi, a former minister of State for Works, stated this on Saturday in Benin in an interview with newsmen.

Ogiemwonyi said that his administration would guarantee the security of lives and property and accord positive recognition for the welfare of people with disabilities

He said that he would offer the state functional education that would ensure the construction and equipping of model schools and preventive healthcare delivery.

He listed others to include, agricultural development, solid mineral development, infrastructural development, effective public service delivery, sports development, and rural-urban development.

He promised to effectively diversify the huge potential of the state in mineral resources, rich agriculture, oil and gas, arts and crafts, other natural endowments and the strategic location of the state.

He said all those would be geared towards making the state the commercial hub of the South-South region of the country and, by extension, the country in general.

He added that youth employment would be accorded a priority while the fight against poverty would be vigorously pursued by his government.

On the crisis rocking the state chapter of the All Progressives Congress (APC), Ogiemwonyi said that leaders and stakeholders of the party were desperately waiting for the reconciliation committee headed Senate President Ahmed Lawan.

Speaking further on the move by various regions and geo-political zones to set up their own security outfits in the wake of increasing cases of insecurity across the country, Ogiemwonyi said there was the need for states and regions to have a rethink.

He said that the measure had the potential of spelling doom as the outfits could be tools in the hands of politicians and highly placed individuals to deal with opponents.

He further warned that the consequences of the formation of the regional or separate security outfits would scare investors in most states where they exit as it had the potential of serving as “a new and dangerous concept in terrorism”.

The former NNPC boss also called on Gov. Godwin Obaseki to institute a probe committee to thoroughly look into the alleged recent bombing of residential buildings and offices of some leaders and members of the ruling party in the state.

He said that the state government must take steps towards nipping such ugly trends in the bud as such constituted “an index of insecurity”. NAN

Saturday, August 31, 2019


In Delta: NNPC starts repair of ruptured oil pipeline

Malam Mele Kyari, the Group Managing Director, Nigerian National Petroleum Corporation has said that the corporation has begun repair of its damaged Abura Crude Trunkline.

The News Agency of Nigeria reports that the Abura Crude Trunk line at Otu-Jeremi town in Delta experienced an eruption on Friday.

Kyari, who gave the assurance on Saturday in Benin shortly after the tee-off at the 2019 (NNPC) upstream golf tournament, said the repair would be completed in three days.

“It wasn’t an explosion, it was an eruption on our pipeline, our team has moved to the site and in three days we are going to fix it.

“We have curtailed the spill that is coming out, so its not an explosion but an eruption because there was no fire in the place.

“It will have no effect on power supply. We are going to fix it soon,’’ he said.

Kyari explained that what happened was a safety procedure to stabilise the facilities.

Commenting on the Benin Golf Club, Kyari said it was very important to NNPC, as so much of their operations hold at the Benin Golf Course.

“Our staff live here and make time to relax and enjoy themselves that is why we are very interested in this place.’’ (NAN)

Monday, August 19, 2019


Health: NHIS gets accreditation by NNPC to provide medical services

The National Health Insurance Scheme has formally accredited the Health Maintenance Organisation of the Nigerian National Petroleum Corporation, thereby enabling the oil firm to provide healthcare services to Nigerians.

According to the oil firm, the accreditation granted NNPC the authority to establish and operate a functional HMO, adding that this was a forerunner to the plan by the corporation to activate a medical delivery system across the country.

Receiving the certificate of accreditation at the NHIS headquarters in Abuja, the Managing Director, NNPC HMO, Musa Ribadu, said the corporation was ready to improve the scheme and offer real-time value to the prospective beneficiaries of its packages.

He was quoted in a statement as saying, “We are confident that our entry into the market will increase the national coverage statistics by at least one to two digits.

Read also: #BBNaija: Sex content on reality show contemptible -Women Council  

“We have better knowledge of the oil and gas sector that can attract active participation within this sector for the scheme.”

Ribadu said the initiative to invest in the venture was part of NNPC’s plan to diversify its revenue base and contribute to the corporation’s bottom line. (Punch)

Thursday, August 01, 2019


Mele Kyari says NNPC not competing with Dangote refinery

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Wednesday said that the national oil company was not in contest for market share with the Dangote refinery. He said the NNPC was rather providing support to the promoters of the project to boost in-country refining capacity.

Speaking while receiving the President and Chief Executive Officer of the Dangote Group, Aliko Dangote, at the NNPC Towers, Mr Kyari explained that as the chief enabler of the Nigerian economy, the NNPC had a duty to rally industry players like Dangote Group to achieve the long held target of making Nigeria a net exporter of petroleum products.

A statement by NNPC spokesman, Ndu Ughamadu, said Mr Kyari assured that the same level of support would be provided to other promoters of refineries. He said the ultimate goal was to enhance in-country production to the point of self-sufficiency and ultimately for export.

Earlier in his presentation, Mr Dangote said the business approach of the Dangote refinery was to see NNPC as a collaborator rather than a competitor. He said the refinery would rely heavily on the corporation’s invaluable knowledge of the refining business in Nigeria to achieve its central objective.

Dangote aligned his company with the federal government’s aspiration to ensure adequate in-country refining capacity. He said upon completion, the refinery would dedicate 53 per cent of its projected 650,000 barrels per day refining capacity to the production of petrol.

“The most important thing for us is to see how we can partner with NNPC, it is not to see how we can compete with NNPC. We would like NNPC to be part of us and we also want to be part of NNPC. I think that is the only way we can achieve a win-win situation,” he said.


Tuesday, May 07, 2019


Niger Delta youths spit fire over transfer of NNPC’s gas company headquarters

Youths in the Niger Delta have warned the Nigeria National Petroleum Company (NNPC) against going ahead with alleged plans to relocate the headquarters of the Nigerian Gas Marketing Company (NGMC) to Abuja.

The warning came amidst a leaked memo dated 03/04/19 from Managing Director of NGMC to the Group Managing Director of NNPC that staff and the gas company’s headquarters be moved to the Federal Capital Territory because of insecurity in Warri and environs.

MKA Baru signed the controversial memo titled: ‘Request for Approval for the Relocation of NGMC Head Office and staff to Abuja’.
Leaders of the ethnic youth groups in the state, under the aegis of Delta State Ethnic Nationalities Youth Leaders Forum, warned that the move could unleash a fresh crisis in the Niger Delta.

DSENYLF, which comprises of the youth leaders from all oil producing communities in the state, said it was in possession of a leaked memo from the NNPC directing that the headquarters of the subsidiary in Warri, should be moved to Abuja.

A statement in Port Harcourt on Sunday, stated: “The leaked memo dated the 3/4/2019 and addressed to the GMD of NNPC seeking for approval to relocate the company head office from Warri to Abuja based on alleged and non-existing security concerns in Warri.”

Presidents of Ijaw Youth Council and Itsekiri National Youth Council, Messrs. Eric Omare and Agbateyiniro Weyinmi respectively, as well as Ovie Umuakpo, Festus Oviesiri, Benjamin Onwubolu and Emeke Asike of Urhobo, Isoko, Ndokwa and Ika ethnic groups signed the document.

They also raised alarm over a looming crisis and disturbance to oil facilities in the Niger Delta region over the plan, stressing it was vexing that rather than obey a presidential directive on the relocation of oil and gas companies headquarters to the region the NNPC was doing the opposite.

They warned that their various groups would be unable to restrain their members and ensure peaceful atmosphere for companies to operate in Delta State if the national oil firm goes ahead with the purported plan.

Omare, Weyinmi and the others wondered “why the cabal in the NNPC is determined to relocate the headquarters of the NGMC to Abuja despite the fact that the gas which they market is produced in Delta State and its environs.

The youth leaders stated that they wonder why Delta State is not good enough to host the headquarters of a company but is good enough to be the highest oil and gas producing states and thereby contributing substantially the nation’s economy. (The Nation)
Most News articles reported on Qubes Magazine are a reflection of what is published in the media. Qubes Magazine is not in a position to verify the accuracy of daily news articles, however, we ensure that only news articles from credible sources are reflected in this service. Independent opinions which are mailed to us may also be published from time to time at our discretion, however the sources for these independent articles will be clearly stated.

Share your story with us: SMS: +2349067561649, Whatsapp: +2349067561649, Email: qubesentertainmentmagazine@yahoo.com
Receive Alerts on: Whatsapp: +2349067561649, Twitter: @qubesmagazine