Pipeline vandalism across the country has continued to increase, despite lack of activities at the nation’s four refineries, with over 151 pipeline points in the first quarter of 2021.This is a surge of 26.5 percent when Read More
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In July, a total of 7,193,520 barrels of crude oil was lost due to about 39 production shut-in incidents.This is according to the latest figures released by the Nigerian National Petroleum Corporation, which gave the analysis Read More
The Organization of Petroleum Exporting Countries in its 2021 Annual Statistical Bulletin has reported a drop of 543 million barrels in the crude oil reserves of Nigeria.Figures on world proven oil reserves by country indicated that Read More
In the month of May, petrol consumption in the country jumped from 55.59 million litres a day in April to 72.07 million litres per day.This means that within the period, the country’s daily consumption of Read More
The Nigerian National Petroleum Corporation has said it recorded a total of $219.75 million from crude oil and gas export sales in May 2021.This represents a 180.29 percent increase in sales from April 2021.This is contained Read More
The Nigerian National Petroleum Corporation said that its revenue for the 2020 financial year fell to N3.72 trillion from N4.63 trillion in 2019. This shows a difference of N916bn.This is coming after declaring its first Read More
The Nigerian National Petroleum Corporation has incurred N756.99billion petrol subsidy costs from January to July in 2021.This is according to the latest data obtained from the corporation.The subsidy, which the NNPC prefers to Read More
The Nigerian National Petroleum Corporation incurred a loss of N473.3bn in operating moribund refineries between January 2015 and February 2021.This is according to a new report by SBM Intelligence, a geopolitical and socioeconomic research Read More
Gas flare in Nigeria’s oil fields fell by 0.33 per cent to 45.33 billion cubic feet BCF, in the first quarter of 2021 compared to 45.48BCF of gas flared in the fourth quarter of last year, according Read More
The Nigerian National Petroleum Corporation has said 1.67 billion litres of Premium Motor Spirit was consumed in April 2021.This is around 55.79 million litres daily consumption rate.NNPC stated this in the April 2021 NNPC Monthly Financial Read More
