PIB passage’ll transform oil industry – NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, has said the passage of the four components of the Petroleum Industry Bill, which is expected to usher in

a new legislation, will change the fortunes of the nation’s oil and gas sector for the better.

He further stated that more than 41 billion barrels of crude oil and 319 trillion cubic feet of gas were yet to be discovered in Sub-Saharan Africa. Baru told his audience that in Nigeria NNPC was currently drilling Kolmani River-II Well in the Benue Trough, one of Nigeria’s several frontier inland Basins with about 400 billion standard cubic feet of gas expected to be encountered.

He said African countries must react positively to the new reality by deploying policies and stabilise their business environment to attract meaningful investments.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MobilePunch /  🏆 8. in NG

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.

We are recruiting, NNPC confirms – Daily TrustThe Nigerian National Petroleum Corporation ( NNPC) says it has opened its portal for recruitment of fresh graduates and experienced professionals into the system. Mr Ndu Ughamadu, its Group General Manager, (Public Affairs Division), confirmed this to the News Agency of Nigeria (NAN) in Abuja on Wednesday.ADVERTISEMENT He said that the portal for the recruitment …
Read more »

Take over operation of OML 11 from Shell, Buhari orders NNPC
Read more »

NNPC boss seeks energy integration in Africa - The Nation NigeriaThe Group Managing Director of the Nigerian National Petroleum Corporation ( NNPC ), Dr. Maikanti Baru, has called for more integration among coun...
Read more »

NNPC recruits junior, senior officers - Vanguard News NigeriaThe Nigerian National Petroleum Corporation, NNPC, is set to reduce unemployment in Nigeria as it begins recruitment into the corporation.
Read more »

We are recruiting, NNPC confirms - The Nation NigeriaThe Nigerian National Petroleum Corporation ( NNPC) says it has opened its portal for recruitment of fresh graduates and experienced professionals
Read more »

NNPC begins recruitment [Full details] - Daily Post NigeriaThe Nigerian National Petroleum Corporation (NNPC) has announced commencement of its 2019 recruitment. Those eligible for the recruitment are qualified gra
Read more »

FG Orders NNPC To Take Over OML 11 From ShellPresident Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation to take over the operatorship of the entire Oil Mining Lease 11 from Shell Petroleum Development Company. According to a letter from State House, Abuja, to the Group Managing Director of NNPC, dated March 1, 2019, with reference number SH/COS/24/A/8540 and signed by the Chief of […]
Read more »

We are recruiting, NNPC confirms - Vanguard News NigeriaThe Nigerian National Petroleum Corporation ( NNPC) says it has opened its portal for recruitment of fresh graduates and experienced professionals into the system.
Read more »

NNPC recovers N771m assets from defaulting oil marketers – Daily TrustThe Nigerian National Petroleum Corporation (NNPC) says it has recovered assets worth over N771 million from some marketers who had underpaid for petroleum products supplied to them from the Petroleum Products Marketing Company (PPMC) Kaduna Depot. The chairman of NNPC Anti-Corruption Committee, Mr. Mike Balami, said the committee, in collaboration with the Federal Government’s Intelligence …
Read more »

Chevron, NNPC to supply 70m mmscfd natural gas to Dangote fertilizer – Daily TrustChevron Nigeria Limited (CNL) and Nigerian National Petroleum Corporation (NNPC) have agreed to supply 70 million standard cubic feet per day (mmscf/d) of natural gas to Dangote Fertilizer Limited for start up and operation of the new plant. The General Manager, Policy Government and Public Affairs, Chevron Nigeria Limited, Esimaje Brikinn disclosed this in a …
Read more »