Tag Archives: NPDC

NNPC Report: PPMC recorded N102bn loss in 2017

An analysis of the December 2017 edition of the monthly operations and financial reports of the Nigerian National Petroleum Corporation (NNPC) has revealed that Products and Pipelines Marketing Company (PPMC) exceeded the projected loss in its year-to-date (YTD) operations by about 240.1 per cent. THISDAY analysis of the latest NNPC report showed that while PPMC, the downstream petroleum subsidiary of ...

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Nigeria’s crude oil production increased by 7000b/d – NNPC

Oil production in the country by the Nigerian Petroleum Development Company (NPDC), the flagship upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), has grown, following the successful drilling and completion of wells in Oil Mining Lease (OML) assets operated by the company. Data obtained from the corporation showed that the recent drilling and completion of five horizontal wells in ...

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