All Posts in "NNPC"

NNPC Unlocks More Opportunities In Nigeria’s Oil, Gas Sector

Musbau Babatunde

The Nigeria National Petroleum Company Limited,NNPCL,says it’s unlocking more opportunities across both the oil and gas value chain spanning from supply and infrastructure to the markets.

The company’s Group Chief Executive Officer,CEO,Mallam Melee Kyari,disclosed this on Monday in Abuja at the 6th Nigeria International Energy Summit themed:“Global Perspectives For a Sustainable Future”.

He said his company is supporting the Federal Government towards the realization of key initiatives such as the Decade of Gas and the National Gas Expansion Programme (NGEP) which seeks to deepen natural gas utilization as an alternative transportation fuel, virtual gas supply to off-pipeline grid gas customers and gas utilization as feedstock for the development of gas-based industries.

He explained that this is evident in the definite actions taken to utilize Compressed Natural Gas and Liquefied Natural Gas to power vehicles, buildings and power plants.

According to him,NNPC Limited is also investing heavily in critical gas infrastructure such as the Ajaokuta-Abuja-Kano (AKK) gas pipeline and the OB3 gas interconnector to support 5 Bscf/d of domestic gas utilization including 5 GW of power generation capacity by developing power plant projects along the AKK pipeline corridor and across the country to complement the existing ones.

He hinted that the on-going NLNG Train 7 will expand Nigeria’s LNG production capacity to about 30 million tons per annum (30 MTPA).

He added:”This is in addition to the planned Nigerian Morocco and the Trans Sahara Gas Pipeline projects which will supply gas to sub-regional African countries and subsequently Europe.In addition to our existing Upstream activities, we are also deepening exploration activities of the Nation’s frontier Basins using the best industry standards and technologies which is already yielding results such as the Kolmani discovery, and we are hopeful that the recent spud-in of the EBENYI – A in Nasarawa State will yield positive result as well.

“The 6th edition of the Nigeria International Energy Summit has provided us all with a platform to tell our story and engage further based on our unique landscape and strengths which will eventually contribute to form part of the global narrative. NNPC will continue to leverage our partnerships with the industry, government,research Institutions and the academia to ensure energy security and sustainability”

admin by — April 18, 2023 in Oil&Gas 0
Nigeria Produces 1.354mbpd Of Oil In April — NNPC

Nigeria’s oil production in April 2022 averaged 1.354 million barrels per day, mbpd, the Nigerian National Petroleum Company,NNPC has said.

The company said the figure represents about 78 percent of the 1.735 mbpd quota allocated to it by the Organisation of Petroleum Exporting Countries, OPEC.

In its latest report to the Federation Account Allocation Committee, FAAC, meeting in May, the NNPC said total oil lifted (export crude) in April was 8.8 million barrels which was a 10 percent decline from the 9.77 million barrels lifted in the previous month.

According to the report,N337.6 billion was the gross domestic crude oil and gas revenue for the month of April, while recovery of strategic holding cost of N239, 381,651.39 was posted.

It added that crude oil export revenue received during the month amounted to $14.70 million, with export revenue received in April amounting to $29.94 million.

It also showed that NLNG feedstock gas receipt was $76.47 million which represented last month’s receipt $72.48 million, plus arrears of $4.26 million.

It said that other receipts for the month included the sum of $29.18 million being miscellaneous receipts, gas and ullage fees as well as interest income.

admin by — May 31, 2022 in Oil&Gas 0
NNPC Explains Return Of Fuel Queues In Abuja,Promises Adequate Supply

The Nigerian National Petroleum Company NNPC Limited has  attributed the growing fuel queues  in the Federal Capital Territory (FCT) Abuja to low loadouts at depots which usually happen during long public holidays.

It also explained that  the sudden appearances of queues was due  to  increased fuel purchases which is also usual with returning residents of the FCT from the public holidays.

Mallam  Garba Deen Muhammad,
Group General Manager, Group Public Affiars Division of NNPC Ltd,gave the explanations against the backdrop of continual  queues all available petrol filling stations across the nation’s capital.

PremiumNews reports that  many stations  are already closing shop  due to  lack of products

But,the company’s spokesman,in a statement, urged motorists not to ‘engage in panic buying

He assured motorists that there is enough Premium Motor Spirit (PMS) otherwise known as petrol to go round in the Federal Capital Territory (FCT) Abuja.

He added:”NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority ( NMDPRA) in conjunction with our marketing partners have taken necessary measures to ramp up loadouts from all depots. We assure all residents of the FCT, and indeed all Nigerians, that we have ample local supplies and national stock in excess of 2.5 billion liters, with sufficiency of more than 43 days.

“The NNPC Limited  hereby advises motorist not to engage in panic buying as supplies are adequate as will become increasingly evident in the  coming days” the statement reads in parts.

admin by — May 9, 2022 in Oil&Gas 0
AKK Project: NNPC Assures Of First Gas Delivery Next Year,Improved Power Generation

The Board of the Nigerian National Petroleum Company Limited (NNPC) has expressed optimism that the first Quarter 2023 target for delivering Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project will be met.

It also expressed satisfaction with the progress of work done on the project.

 GMD/CEO, Mallam Mele Kyari  disclosed this when took the NNPC Board Members on an official tour of Segment A sites in Abaji Area Council of the FCT.

He  was accompanied by other members of his management team.

He stated that due to  the  activities around the AKK project, the country will see over eight billion standard cubic feet (scf) of gas injected into the domestic pipeline which will improve power generation, facilitate industrial development, create thousands of job opportunities and deepen domestic gas utilisation.

Kyari, who described the Ajaokuta-Kaduna-Kano Pipeline as “a signature project of this administration”, said that it was time for Nigeria to take advantage of having the highest gas reserves in Africa.

Earlier in her remarks, the Chairman of the NNPC Board, Senator Margery Okadigbo, said that based on the magnitude of work done at the various construction sites, the projection to have first gas by the first quarter of 2023 was realisable.

She noted that the country stood the chance to leverage on the current realities to provide solutions to the global gas supply challenge.

Chairman of Oilserve, the Company handling Segment A of the AKK project, Mr. Emeka Okwuosa, confirmed his company’s readiness to deliver the project on schedule.

He promised  that the project managers and teams were more than competent to deliver the project within record time.

The construction of the 614km AKK Pipeline project was flagged-off simultaneously in Kogi and Kaduna States by President Muhammadu Buhari in 2020 to encourage gas utilization and serve as a springboard for the nation’s industrialization.

admin by — April 15, 2022 in Oil&Gas 0
107m Barrels Of Crude Oil Not Stolen – Kyari

The Nigerian National Petroleum Company  Limited,has dispelled rumours of missing 107million barrel of crude oil in the country.
Group Managing Director of the company,Mallam Mele Kyari,dispelled the rumours at the resumed investigative hearing on the report of the Auditor General, Chairman of the House Committee on Public Account
He said:“I believe that this parliament represent all Nigerians collectively. We can have individual differences, but we all represent the interest of Nigerians. The image of Nigeria is very important.Two weeks ago, it was in all the media that 107 million barrels of crude was stolen or diverted. You will not appreciate the evil of bad image this has created for our country.
“Our lending partners have called me that this is a wrong approach and that they will not lend to us without clarifying issues. Auditor General is here and we are in the same country. We are all serving this country . You can’t declare something like that without it having effect and if we don’t respond to this, it will be obvious that it is what is happening in our country.
“Nobody has stolen 107 million barrels of crude oil. If for any reason, it was not well captured by the Auditor General, it is a different issue. So, this company is hiding nothing from none and we will appear before you as directed next week. But have it at the back of your mind that we have nothing to hide,” Kyari maintained
Earlier,the House of Representatives on Tuesday told the NNPC Limited to stop shielding the heads of its various subsidiaries from investigation if it has nothing to hide from Nigerians.
Speaking,Rep. Oluwole Oke said the action of the NNPC in shielding its subsidiaries amount to hiding something from Nigerians.
He said  the House was shying away from invoking the provisions of the constitution to issue warrant of arrest on the leadership of the subsidiaries who have refused to appear before parliament to answer questions arising from the AuGF report.
Reacting to the statement by the GMD that he will take responsibility for the actions of the subsidiaries, Oke said “with due respect, the parliament differs with you because we are guided by the constitution of the Federal Republic of Nigeria, Legislative Houses Privileges Act and our Rules.”
“Yes, you have submitted consolidated account. But the Auditor General who submitted his report to us conducted audit pursuant to section 85 of the constitution and audited the account of these subsidiaries, publish the report and submitted same to the parliament.
“The report specifically mentioned these subsidiaries and having done so, the parliament is duty bound to take the queries and observations as contained in the report. Aside this, parliament can also pursuant to the provisions of the constitution invite anybody to give evidence before this parliament.
“If a particular agency under your leadership is mentioned, we cannot shave their head in their absence. They have to be here. Yes, you have rendered your account which is before us. But these subsidiaries must appear before this parliament to answer the queries raised by the Auditor General for the Federation. They have to answer their father’s names.
“With due respect, the NNPC is not in a position to dictate to parliament how it conducts its business. We have to change the impression of Nigerians about NNPC. We have listen to the comments of some governors about NNPC and we must change the narrative by telling Nigerians that NNPC operates transparently.
“Except and except you have something to hide, then you can continue to shield these subsidiaries. But they must appear before Nigerians and tell them about the funds in their kitty. They have to come here and answer the queries about the abnormalities the Auditor General observed in their operations. This is our position.
“We don’t want to go through the process of invoking the necessary laws by issuing warrant of arrest. We believe that we can jaw jaw, that we can discuss because we are all serving Nigerians.
“These companies are your subsidiaries and if we are to go by your assertion that they are registered on their own under CAMA, then it further attest to the fact that they have to appear here by themselves. That is not even the issue, but that the Auditor General for the Federation specifically listed the names of these companies. That is our position. So, take a date when you are bringing them.
“Your purpose of coming today is to produce these subsidiaries because you wrote that these agencies are under you. That was why we asked you to bring the leadership of these subsidiaries. That is what we expected today.
“If they are here, they should introduce themselves and the Auditor General will be invited to read out the queries for them to answer because the queries were not directed to you in person. They were directed to these subsidiaries. We object to your position. They must appear here because this is their parliament. If they are not here, so be it. That is why we said you should give us a date to bring them,” chairman Oke ruled.
In his remarks, Group Managing Director of NNPC Limited, Mele Kyari said “First, let me clarify an issue. NNPC has nothing to hide. We have nothing to hide from Nigerians. In view of that, we have published the same audited account that you have for Nigerians to see, read and comment on.”
“Those accounts is a complete reflection of all our transactions, including our subsidiary companies. So, we are hiding nothing from Nigerians.
“I agree with you that we can be more transparent. Can we do something different from this? Absolutely yes. Are we doing enough? Yes, we are doing more than enough. No National oil company in this world publishes its audited statement of account. There is no company that publishes its monthly report as we do.
“Therefore, I expect that you should congratulate us that we are doing more than expectations in terms of transparency and accountability. We owe this to Nigerians because it is their company and we sincerely believe that this companies are owned by the over 200 million Nigerians, we are accountable to them and we must be transparent by every means possible.
“But as we do this, we must also recognize that we are running a business on their behalf and this business has rules and responsibilities and part of it is to have report of this nature which the Auditor General endorses by law for them to deliberate on.
admin by — March 30, 2022 in Oil&Gas 0
We’ll Continue To Make Fuel Available To Nigerians – NNPC

The Nigerian National Petroleum Company Limited (NNPC) says it will
 continue to  facilitate ensure that we  availability of Premium Motors Spirit in the country
It  assured of availability of over 1.6 billion litres of the petrol in stock for the consumption of Nigerians nationwide.
The Group Managing Director of the company  Mr. Mele Kyari ,disclosed this in Abuja,  at the unveiling of the Association of Distributors and Transporters of Petroleum Products in the nation’s capital.
He  was represented at the occasion by the Chief Executive Officer Downstream, NNPC Tower, Mr. Adeyemi Adetunji.
He added:“NNPC as of today has 1.6 billion litres of PMS which is about 27 days sufficiency. “This is to assure Nigerians again that there is adequate supply of PMS and it is getting to all nooks and crannies of Nigeria.
We will continue to ensure that we facilitate the availability of PMS. “I appreciate all Nigerians for all the patience and cooperation as we get back to normalcy in terms of petroleum products distribution in the country.
“After the challenge we had in January and the global environment for energy got worsened with the crisis in Ukraine and Russia, NNPC will do its best alleviate the plight of Nigerians. He explained that the company has been working with all stakeholders in the oil and gas industry to provide palliatives.
admin by — March 25, 2022 in Oil&Gas 0
NNPC Didn’t  Account For 107 million Barrels Of Crude-Auditor-General

The Office of the Auditor-General for the Federation has said the defunct Nigerian National Petroleum Corporation, now
The Nigerian National Petroleum Company Limited, didnt account for about 107,239,436 barrels of crude oil lifted for domestic consumption in 2019,the Office of the Auditor-General for the Federation has said.
The office made the allegation in its 2019 audit report presently being considered by the Committees on Public Accounts at the Senate and House of Representatives.
The report said about 22,929.84 litres of Premium Motor Spirit, also known as petrol, valued at N7.06bn and pumped to the two depots (Ibadan-Ilorin and Aba-Enugu) between June and July 2019 were not received by the depots.
The report noted discrepancies between the amount reported by the NNPC as transfer to the Federations Account and what was reported by the Office of the Accountant-General of the Federation.
The NNPC records showed that N1,272,606,864,000 was transferred by the corporation, the Accountant-General of the Federation said it was N608,710,292,773.44, leaving a gap of N663,896,567,227.58.
The auditor-general said the Group Managing Director of the NNPC should be asked to explain the discrepancy between the two figures and remit the balance of N663,896,567,227.58 to the Federations Account or face sanction.
The report said NNPC transferred the sum of N519,922,433,918.46 to the Federation Account based on transfer mandates.
The Auditor-General demanded that the NNPC provides “reconciliation statement for the difference of N88,787,862,853.96 between AGF’s figure of N608,710,296,772.42 and NNPC’s figure per transfer mandate of N519,922,433,918.46.”
The report read in part, “Audit observed that 107,239,436.00 barrels of crude oil were lifted as domestic crude, while the allocation of crude oil to refineries for a billing date of 9th January to 29th May 2019 was 2,764,267.00 bbls valued at N55,891,009,960.63.
“Information on the sale of un-utilised crude oil by refineries for 2019 was not provided, and information on crude oil allocations from 30th May to 31st December 2019 was not provided for scrutiny.”
The office alleged possible diversion of domestic crude, diversion of sale of un-utilised crude as well as loss of Federation Account revenue, saying the management of the NNPC failed to respond to the audit query.
The report said, “The Group Managing Director of NNPC is requested to provide the complete schedule of allocation of Crude Oil to Refineries from 1st January to 31st December, 2019, furnish details of the sale of un-utilized crude oil and reconcile it with total domestic crude oil of 107,239,436.00 bbls lifted in 2019 and remit amount realised from sale of un-utilized crude oil to the Federation Account.”
Citing Section 162(1) of the 1999 Constitution, the Auditor-General said the NNPC spent $6.410m (N1.955tn at N305/$1) to fund Joint Venture Cash Calls and other federally-funded upstream projects such as gas infrastructure development, Brass LNG, crude oil pre-export inspection agency expenses, frontier exploration services, EGTL operating expenses and NESS fee; and another N55.157bn on pipeline security and maintenance without first paying the money into the Federations Account.
The OAuGF said the GMD of NNPC should justify non-adherence to the transfer of all federation revenue to the Federation Account as provided by the Constitution and ensure that all revenue is paid into the federation account, going forward.
The report further read, “The audit examination on ‘Schedule of Inflow of Revenue’ by NNPC to Federation Account obtained from the Office of the Accountant-General of the Federation revealed that the Domestic Gas Receipts of N4.572 billion was transferred to Federal Inland Revenue Service (FIRS) Petroleum Profit Tax (PPT)-Gas in the month of January 2019, and was not made in the subsequent months of the year.
“This transfer reduced the amount due to Federation Account for the month of January, 2019 to the tune of N4.572 billion leading to possible reduction of distributable revenue in the Federation account, misapplication of funds and diversion of revenue.”
The office alleged that about 22,929.84 litres of PMS valued N7,056,137,180.00 pumped to two depots in the country in 2019 were not received by the depots, while no reason was advanced by the NNPC for the non-receipt of the product, demanding that the value of the products be remitted to the Federation Account.
Main Admin by — March 15, 2022 in News 0
NNPC Explains Interest In Power Plants,Gets Varsity Students’  Support  To Stop Fuel Scarcity

Nigerian National Petroleum Company Limited (NNPCL), formerly Nigerian National Corporation (NNPC),has justified its interest  in the acquisition of the power plants put up for sale by the Federal Government through the Nigeria Integrated Power Plants (NIPPs),saying it has requisite  expertise and experience to be an active participant in the power sector in Nigeria.
Managing Director of NNPCL, Mallam Mele Kolo Kyari, disclosed this when he led top management team of the Oil & Gas Company on a courtesy visit to the Bureau of Public Enterprises (BPE),a statement said.
He was quoted saying that as an oil company and enabler organisation, NNPCL was determined to boost power generation and supply to Nigerian homes through increased investment .
He said the company  had signed a contract with China Machinery Engineering Company (CME) and General Electric, (GE) to provide 50 Mega Watts of electricity to Maiduguri, Borno State.
He added that his company  was determined to run the organisation efficiently and profitably for the benefit of the shareholders hence it plans to engage in activities that would generate funds; and for the power sector, “NNPCL is a partner of choice”.
He  disclosed  organisation’s   readiness  to partner with  the Bureau of Public Enterprises (BPE) after the audit of some of its assets for the sale and divestment of those  assets  through the BPE.
The planned audit,he said,would be carried out by renowned and reputable audit firms.
Speaking, Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh said that the NNPCL had indicated interest in  the acquisition of some NIPP plants and would be  given a level playing ground to compete with other bidders.
He added that the National Council on Privatisation(NCP) would be notified of the desire by the NNPCL to bid for the NIPP plants.
Meanwhile,the National Association of Nigerian Students NANS has concluded plans to inaugurate an independent task force to assist the Nigeria National Petroleum Company Limited (NNPC) and other relevant agencies checkmate hoarding, price hike and diversion of the product across the country.
National President of NANS, Comrade Sunday Asefon, expressed that  it was unfortunate that adulterated fuel got into the country but it was assuring that the management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) rose up to the challenges by riding the country of the bad product in record time.
He emphasized that concerted efforts must be put in place by all concerned stakeholders in the Petroleum industry to find lasting solution to the problem and restore normalcy.
He  said: “It is also a verifiable fact that the Government through the Nigeria National Petroleum Company, (NNPC Ltd), and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),  demonstrated consistency and dedication, by first alerting Nigerians of the off-spec petroleum products as well as working to ensure that all affected companies and individuals responsible for this adulterated fuel are appropriately sanctioned.
“We commend NMDPRA for alerting the country of methanol above national specifications in the imported petrol, and proceeded to declare that efforts were on top gear to remove the contaminated products from circulation to avoid economic damage.
“As Nigerians we recall that the Group Managing Director of the NNPC, Malam Mele Kyari, in subsequent statements and an appearance at the House of Representatives outlined efforts by NNPC to arrest the situation. Among which was NNPC and other relevant agencies embarking on Petrol Distribution Surveillance (PDS), with the sole aim of seeing to  the seamless evacuation of adulterated products from the vessels to depots and trucking from depots to other inland depots as well as retail stations.
“NANS wish to declare its readiness to join the surveillance team to monitor and ensure effective distribution, avert diversion and fight out delibrate price hike by retailers.Information available to Nigerian student’s Apex body also confirmed that there is daily monitoring of trucks out from depots to all 36 states of the nation.
“Besides these, there is never a plan to enforce new pump price on Nigerian as insinuated by some unscrupulous elements. In the coming days, NANS shall inaugurate Independent Task Force to assist the NNPC and other relevant agency to end the hoarding, price hike and diversion across the nation.
“Our team shall be entering all fuel stations to ensure anyone with product that refuses to sell are compelled to sell while those selling at higher prices shall be forced to reduce to sell at normal price. This action has become imperative in order to find amicable solution and support the NNPC to help Nigerians  overcome this suffering”.
Main Admin by — March 8, 2022 in Oil&Gas 0
NNPC Records 353% Increase in Trading Surplus

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a trading surplus of ₦37.50billion for the month of September 2021 representing a 352% increase from the ₦8.29billion surplus in August 2021.
Details of the figures contained in the September 2021 NNPC Monthly Financial and Operations Report (MFOR) indicate that the rise in trading surplus was largely due to the increased earnings of NNPC’s Upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).
Thus in September 2021, NNPC Group’s operating revenue as compared to August 2021, reduced by 29.87% or N191.90billion to stand at N450.45billion.
Besides,expenditure for the month decreased by 34.87% or N221.11billion to stand at N412.92billion.
Expenditure as a proportion of revenue in the month under review stood at 0.92%, compared to last month’s 0.99%.
The report also shows a total Crude Oil and Gas export receipt of $348.63million in September 2021 as against $224.29million in August 2021.
Receipts from Crude Oil amounted to $8.38million while Gas and miscellaneous receipts stood at $55.25million and $285.00million respectively.
Total Crude Oil and Gas export receipt for the period of September 2020 to September 2021 stood at $2.03billion
To ensure uninterrupted supply and effective distribution of petrol across the country, a total of 1.39billionn litres translating to 46.31million litres/day was supplied for the month of September 2021.
For the month under review, 21 pipeline points were vandalized, same as recorded in August 2021. Port Harcourt area accounted for 5%, while Mosimi Area accounted for 95% of the vandalized points.
In the gas sector, a total of 208.35billion cubic feet (bcf) of natural gas was produced in the month of September 2021, translating to an average daily production of 6,945.15million standard cubic feet per day (mmscfd).
For the period of September 2020 to September 2021, a total of 2,862.36bcf of gas was produced representing an average daily production of 7,250.16mmscfd during the period.
Period-to-date Production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and NPDC contributed about 57.51%, 21.20% and 21.29% respectively to the total national gas production.
Of the 204.73bcf of gas supplied in September 2021, a total of 129.74bcf was commercialized, consisting of 33.18bcf and 96.51bcf for the domestic and export markets respectively.
This translates to an average total supply of 1,106.00mmscfd of gas to the domestic market and 3,218.57mmscfd to the export market for the month.
Main Admin by — March 5, 2022 in Oil&Gas 0
NNPC, IOCs,Dangote Seal Gas Supply Agreement 

 The Nigerian National Petroleum Corporation Limited (NNPC) ,has  sealed deal with partners on gas aggregation to increase local production of fertiliser in the country.
The agreement was signed in Abuja on the side line of the ongoing fifth Nigeria International Energy Summit (NIES 2022) with the theme “Revitalising the Industry: Future Fuels and Energy Transition”.
The partners for the phase two fertiliser plant include Dangote Fertiliser Ltd., Shell Petroleum Development Company (SPDC), ENI, Gas Aggregation Company of Nigeria (GACN), Nigeria Agip Oil Company and TotalEnergies.
Malam Mele Kyari, the Group Managing Director, NNPC during the signing said the deal was part of its drive to ensure greater utilisation of gas in the country, by way of conversion or monetisation in the form of Liquefied Natural Gas (LNG).
He said NNPC had progressed its engagement with Dangote Group so that the SPDC joint venture, which comprised of NNPC, Shell, ENI and TotalEnergies to deliver 70 million cubic of gas to phase two Dangote plant.
This, he said would no doubt increase gas in the domestic market.
“But more importantly, it is a platform that will enable increase local production of fertiliser in our country.
“As you may be aware, it is government drive to ensure that we become self sufficient in the production of fertiliser in the country, and specifically for this year’s zero import of fertilisation in the country.
“Currently Dangote group provides about 65 per cent of all domestic production of fertiliser. And we are happy to sign the Gas Supply Agreement with them,” the GMD said.
In his remark, Mr Osagie Okunbor, Chairman, Shell company thanked the joint team that have worked extremely hard to sign this gas sale aggregation agreement.
“It is huge important to this country because already Dangote produces the bulk of fertiliser in this country and we know how important the subject of agriculture is and for not just energy security, but also food security.
“This is why all of us on the SPDC JV led by the NNPC but also with my colleagues in TotalEnergies really pleased to be able to execute this agreement,” he said.
Also speaking, Alhaji Aliko Dangote, Chairman, Dangote Group Ltd. thanked NNPC GMD for his effort in actualising the signing of the agreement.
Dangote said the additional gas would bring in more foreign exchange into the country in view of the energy crisis.
He said apart from Egypt, no other African country has now our capacity, adding that it would meet with domestic market and export at least 1.8 billion dollars in term of foreign exchange coming into the country
Main Admin by — March 3, 2022 in Oil&Gas 0