The Oil Bloc
Your first choice for oil industry news
Browsing Category


NNPC, others sign methanol, gas projects agreements

The Nigerian National Petroleum Corporation has signed two key agreements with the Nigerian Content Development and Monitoring Board, Brass Fertilizer and Petrochemical Company Limited and DSV Engineering for the construction of a methanol plant and a gas processing plant in Odeama, Brass, Bayelsa State.

Fuel daily usage reaches 72.72m litres

The supply of Premium Motor Spirit (petrol) by the Nigerian National Petroleum Corporation hit a high of 72.72 million litres daily in December amid the smuggling of the product to neighbouring countries.

NNPC records ₦24.19bn trading surplus

The Nigerian National Petroleum Corporation (NNPC) has announced an increase of ₦24.19billion trading surplus in December 2020, compared to the ₦13.43billion surplus recorded in November of the same year.

N120bn fuel subsidy unsustainable, NNPC says

The Nigerian National Petroleum Corporation (NNPC) NNPC says it can no longer afford to bear the N120 billion monthly subsidy cost it expends on Premium Motor Spirit (PMS) popularly known as petrol, saying Nigerians would have to pay the actual cost sooner or later.
Translate »