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NNPC invite bids for 2020/2021 direct-sale-direct-purchase contract

    NNPC invite bids for 2020/2021 direct-sale-direct-purchase contract

The Nigerian National Petroleum Corporation (NNPC) has issued an invitation to tender to companies interested in the direct-sale-direct-purchase contract. The agreement allows for sales of crude oil to refiners, who

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Lawyers: PIB will benefit Nigerians only if it is subjected to public debate

    Lawyers: PIB will benefit Nigerians only if it is subjected to public debate

The Coalition of Public Interest Lawyers and Advocates (COPA) says the petroleum industry bill (PIB) will only benefit citizens if it is subjected to a public debate. Addressing a press

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FG reverses self, says autogas conversion for vehicles is free

    FG reverses self, says autogas conversion for vehicles is free

The federal government says earlier information that diesel and petrol automobiles owners will pay N250,000 for autogas conversion is wrong. Justice Derefaka (pictured), technical adviser on gas business and policy

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Oil prices inch towards $50 on new OPEC+ agreement

    Oil prices inch towards $50 on new OPEC+ agreement

Oil prices touched their highest level since March on Friday, a day after major producers agreed to ease their oil output cuts next year more gradually than previously planned —

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NNPC defends withdrawal of $21bn from NLNG account

    NNPC defends withdrawal of $21bn from NLNG account

Mele Kyari, group managing director (GMD) of Nigerian National Petroleum Corporation (NNPC), says the withdrawal of $21 billion from the

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OPL 245: $1.3bn sale to Shell, Eni was legally ‘perfect’, says Dan Etete’s lawyer

    OPL 245: $1.3bn sale to Shell, Eni was legally ‘perfect’, says Dan Etete’s lawyer

Antonio Secci, lawyer to Dan Etete, a former minister of petroleum, says the oil prospective license (OPL) 245 deal of

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Nigeria resumes petrol importation from China

    Nigeria resumes petrol importation from China

Nigeria has resumed importation of petroleum products from China. According to S&P Global Platts, data from the general administration of

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FG makes U-turn on autogas conversion, says vehicle owners to pay N250,000

    FG makes U-turn on autogas conversion, says vehicle owners to pay N250,000

The federal government (FG) says vehicle owners will pay N250,000 to convert their automobiles to run on autogas. Justice Derefaka,

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NNPC to convert 1m petrol cars to autogas free of charge

    NNPC to convert 1m petrol cars to autogas free of charge

Mele Kyari, group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says the corporation will provide free conversion

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OPEC+ facing hard choices

    OPEC+ facing hard choices

Crude oil futures are trading lower on Monday morning as market participants closely watch OPEC members and their allies as

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