Sylva said that going by the way the project was structured, the operations of the refinery would pay back the funds to be used The minister also explained that a commercial discussion between the NNPC and Afreximbank on how the money will be paid from the operations of the refinery is ongoing The Federal Government … Read more
The Nigerian National Petroleum Corporation on Wednesday, announced the death of seven workers caused by an explosion. The agency said the explosion occurred on Oil Mining Lease 40 operated by the Nigerian Petroleum Development Company, NPDC, a subsidiary of NNPC. The explosion occurred on Tuesday at the petroleum company’s Benin River Valve Station. This was … Read more
The Federal Government, yesterday, revoked the operating license granted Shell Petroleum Development Company, SPDC, for Oil Mining Lease 11, in Ogoni land and transferred the operatorship of the assets to the Nigerian National Petroleum Corporation, NNPC and its upstream subsidiary, the Nigerian Petroleum Development Company, NPDC. In a letter dated, March 1, 2019, with Reference … Read more