The Spanish Ambassador to Nigeria, Mr. Alfonso Barnuevo, has disclosed that his country was currently spending about €4.6bn (N1.6tn) on the purchase of Nigerian oil and gas. Barnuevo, who stated this when he paid a visit to the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, stated that Nigeria and Spain […]
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The Nigerian National Petroleum Corporation (NNPC) said yesterday that it recorded 1,447 incidences of pipeline vandalism across the country resulting in the loss of millions of litres of products worth billions of naira in 2016 alone. NNPC’s Group Managing Director, Dr Maikanti Baru disclosed this when he paid a courtesy call on the Chief of […]
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Hopes for a quick rebound of Nigeria’s crude oil production to pre-January 2016 levels of 2.2 million barrels per day, suffered another setback at the weekend following the attack on the pipeline operated by Nigerian Agip Oil Company (NAOC), and resulting in the loss of 10,000 barrels per day (b/d). THISDAY checks late yesterday evening […]
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The stage may have been set for a showdown in the creeks of the NNPC, as the new Group Managing Director of the NNPC, Dr. Maikanti Baru, has vowed to carry out repairs on oil and gas pipelines damaged by militants in the Niger Delta region. The resolve of the new NNPC helmsman is however […]
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