The Nigerian National Petroleum Corporation (NNPC) distributed and sold about 1.3 billion litres of petroleum products throughout the country in the month of September, 2017. The figure was captured in the September 2017 edition of the monthly NNPC Financial and Operations Report which was released today in Abuja. The figure shows a 29 per cent increase from the 950.67 million litres posted in the month of August 2017.
Investment company Sirius Petroleum will complete its transformation into an operating company focused on developing proven oil and gas assets in Nigeria later this week.
The company also named an interim chief operating officer. Sirius Petroleum’s transition from an investing to an operating company started in August with the signing of a joint operating agreement with Ororo field partners. To complete the process, Sirius needed shareholder approval and re-admission of its ordinary shares to trading on AIM.
Following the realization of the imperatives of developing an integrated and modern transport policy to drive trade and investments in Nigeria, experts have recommended the establishment of a National Transport Commission to regulate economic activities in the sector.
recommendation was the highlight of the report the Inter-Ministerial Committee for the Finalization of the Draft National Transport Policy (NTP) recently submitted to the Minister of Transportation, Rotimi Amaechi.
· Unveils new Corporate brand
· Plans expansion into lubricant production
In a bid to optimize margins in the petroleum products trading and retail sub-sector, leading indigenous oil and gas company, NorthWest Petroleum and Gas Limited, has added another ultra-modern petroleum products retail outlet to its impressive and growing list of state-of-the-art downstream petroleum assets across Nigeria.