•Lists conditions for oil majors’ assets sale •Says corporation will declare first dividend soon Emmanuel Addeh in Abuja and Peter Uzoho in Abuja The Nigerian National Petroleum Corporation (NNPC) …
Emmanuel Addeh in Abuja and Peter Uzoho in Abuja
Kyari was obviously speaking against the backdrop of reports at the weekend of plans by Royal Dutch Shell, to fully sell off its subsidiary, Shell Petroleum Development Company because the company’s future plans no longer align with the operations of the Nigerian subsidiary. Therefore, the NNPC boss noted that having learnt from previous experiences, the corporation was developing requisite divestment policies that will provide clear guidelines and criteria for exiting of partners’ interest in all its Joint Venture and Production Sharing Contracts arrangements.
“The Nigerian Upstream Cost Optimisation Programme is working with operators and service contractors to challenge cost of operations and increase profitability and growth in the Nigerian oil and gas sector. He explained that the NNPC was extending its natural gas infrastructure backbone through the OB3 and Ajaokuta-Kaduna-Kano gas pipelines to deepen domestic gas utilisation, support industrial growth and job creation.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NNPC Records Petroleum Product Sale Of 234.63bn In MarchThe Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded
Read more »
NNPC lists relinquishment cost, legacy liabilities for oil majors' divestmentThe NNPC GMD says oil demand is rising and prices have gone up to pre-pandemic levels, averaging $74/bbl.
Read more »
BREAKING: NNPC will declare first dividend to Nigerians soon -Kyari - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
How Suspension Of Nigerian Police Chief, Abba Kyari Vindicated IPOB – Nnamdi Kanu’s Disciple | Sahara ReportersEkpa said Kyari’s suspension confirmed his earlier statement that Nigeria breeds criminals.
Read more »
Hushpuppi: Buhari, Nigeria Police told to extradite Abba Kyari to USPresident Muhammadu Buhari’s administration and the Nigeria police have been asked to extradite suspended police officer, Abba Kyari to the US. Abba Kyari
Read more »
BREAKING: NNPC will declare first dividend to Nigerians soon -Kyari - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »