The Nigerian National Petroleum Corporation (NNPC) is in talks to acquire a 20% minority stake in Dangote Refinery, the state oil giant disclosed. The oil refinery, which still under construction, would be the biggest in Africa. When the deal is concluded and the facility becomes functional, there will be an
The Nigerian National Petroleum Corporation (NNPC) says it has initiated talks with the Dangote Group about purchasing a 20 percent minority equity stake in its 650,000 barrels per day (bpd) refinery.
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By Edith Ike-Eboh & Emmanuel Afonne
Abuja, May 9, 2021 (NAN) The Minister of State for Petroleum Resources, Chief Timipre Sylva, bagged the Gas Decade personality award by the Oil and Gas Trainers Association of Nigeria (OGTAN), to mark the beginning of activities for the week at the Nigerian National Petroleum Corporation (NNPC).
The award ceremony which took place in Abuja was in recognition of the Minister’s lead role in revolutionalising and opening up the country’s gas sector.
President of OGTAN, Dr Mayowa Afe, commended Sylva’s dedication and innovation towards the Federal Government’s Gas initiatives and policies.
“We are here to acknowledge what you have done for this country. You have brought sanity to the Petroleum Industry; you have also declared Nigeria, on behalf of the President, a gas-based Nation.”
Peter Uzoho
The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work on the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians.
A statement issued yesterday by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, quoted the NNPC Chief Operating Officer, Refineries and Petrochemicals, Mr. Mustapha Yakubu, as saying that everything was being done to ensure that the project was delivered hitch-free and on schedule.
Speaking at the Technical Kick-off Meeting for the project which held at the Port Harcourt Refinery Complex, Alesa Eleme, Rivers State, Yakubu said everything about the project had been carefully worked out to ensure that the target of at least 90 per cent refining capacity was achieved when operational.