”NNPC becoming more efficient and the signs are positive” – Oil industry experts reveal

Business News News

”NNPC becoming more efficient and the signs are positive” – Oil industry experts reveal
Business Business Latest News,Business Business Headlines

A Trusted Nigerian Newspaper

Oil experts have stated that recent criticisms of the Nigerian National Petroleum Corporation fail to account for the complexities and challenges the organization has faced over the years. Simplistic views often overlook the deeply rooted issues that preceded the Petroleum Industry Act and the tenure of Mele Kyari.

''The NNPC bore the brunt of subsidy costs for years, often without reimbursement, leaving it financially crippled and unable to invest adequately in necessary infrastructure and exploration activities. ''Noteworthy is the Project Ubeta Gas development initiative in Port Harcourt, a $550 million venture with Total as a partner, despite recent disparaging remarks from Total's local CEO about Nigeria.''

  • 📰 NigeriaNewsdesk
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%
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:

NigeriaNewsdesk /  🏆 10. in BUSİNESS
 

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.

Report: NNPC seeks new oil-backed loan to finance operationReport: NNPC seeks new oil-backed loan to finance operationMele Kyari, GCEO of NNPC Limited, says talks are ongoing for a new oil-backed loan to finance operations and allow investment in its business.
Read more »

Oil-backed loans needed to finance drilling, other operations — NNPCOil-backed loans needed to finance drilling, other operations — NNPCNNPC Ltd. has said oil-backed loans would enable the company finance many capital projects, including drilling operations.
Read more »

NNPC seeks $2bn oil-backed loan to finance operationsNNPC seeks $2bn oil-backed loan to finance operationsNigerian National Petroleum Corporation, NNPC, Ltd., has commenced moves to secure about $2 billion oil-backed loan to finance its operations
Read more »



Render Time: 2025-01-11 22:22:04