The Nigerian National Petroleum Corporation (NNPC) has reiterated that it has no plans to increase the pump price of petrol. NNPC made the denial in a statement by Mr Ndu Ughamadu, its Group General Manager, Group Public Affairs Division. The statement explained that the recent increase in bridging allowance to […]

No plans to increase petrol price – NNPC


Energy experts have urged the Federal Government to standardise the operation of illegal refineries and expose them to international best practice to boost local refining capacity in the country. Speaking yesterday in Abuja at the 10th Nigerian Association for Energy Economics and International Association for Energy Economics (NAEE/IAEE) conference, the […]

Experts seek standardisation of illegal refineries



Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 million. Together with the recently completed divestments of OML 24 and OML 18, Total’s share of sale proceeds from these three onshore Nigerian blocks amounts to […]

Total has completed the divestment of its stake in onshore ...