NNPC declares state of emergency on crude oil production

The Nigerian National Petroleum Company Ltd has declared a state of emergency on production in the country’s oil and gas industry.spokesman, Olufemi Soneye, in a statement on Tuesday said it is in a move towards increasing Nigeria’s crude oil production and growing its reserves.

“We know what to fight. We know what we have to do at the level of assets. We have engaged our partners. And we will work together to improve the situation.” He said the “war” will help NNPC Ltd. and its partners to speedily clear all identified obstacles to effective and efficient production such as delays in procurement processes, which have become a challenge in the industry.

Kyari further called on all stakeholders in the industry to collaborate towards reducing the cost of production and boosting production to target levels.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NNPC foundation unveils business opportunities to corps membersA total of 2,659 members of the National Youth Service Corps (NYSC) across Nigeria have been pre-qualified for the final phase of the NNPC
Source: GuardianNigeria - 🏆 1. / 94 Read more »

NNPC uncovers additional 165 illegal refineries in one weekAmid the fight against oil theft and vandalism, the Nigerian National Petroleum Company Limited has said it uncovered an additional 165 illegal refineries in various locations across the Niger Delta. The firm disclosed this in a recent weekly program titled, 'Energy and You'.
Source: DailyPostNGR - 🏆 11. / 59 Read more »