Nigerian national petroleum corporation nnpc has awarded its 2017 crude oil term contracts to 39 companies. The near north palliative care network is a registered charity providing onestop palliative care, bereavement and grief, and endoflife volunteerbased free services and training in northern ontario. This 17th publication of nnpc monthly financial and operations report indicates a. Audit report on nnpc by vanguard media limited issuu.
Nnpc plans to lift 80% of crude oil and thats bad news for oando and sahara back to homepage subscribe to rss feed. Nigerian national petroleum corporation home facebook. Only 2 nnpc subsidiaries were profitable in 2016 report. To continue, you can add a name in one of the org charts you recently viewed or test our premium membership. Presentation by wale tinubu group chief executive, oando plc. It is also complicated to get hold of accurate information. In addition to its exploration activities, the corporation was given powers and operational interests in refining, petrochemicals and. This will be done in ongoing and future reconciliation reports. Nupeng rejects sale of nnpc assets punch newspapers.
Unfortunately, you dont own enough credit to see this new org chart. Nnpc annual statistical bulletins this document is part of the source library for nrgis 2017 resource governance index, a comprehensive measure of the quality of natural resource governance in 81 oil, gas and mineralrich countries. Ngptc, nnpc arm, reports 30% drop, as 2016 net profit. Alisonmadueke said the changes and personnel movements are with a view to greater efficiency. No role for board in award of contracts, nnpc insists. The nnpc, in its annual statistics bulletin 20, released recently, said 327,480 metric tonnes, mt, of petroleum products were lost, while a total of 2. Nnpc subsidiary, ngptc, declares n141bn in 3 years neiti. Nnpc annual statistical bulletins datasets resourcedata. Annual report accounts 2016 3 alongside the progress demonstrated in relation to nigerian export solutions, in late 2016 savannah also announced the signature of a memorandum of understanding mou with the new nigeria development company ltd nndc and nigeria national petroleum corporation nnpc in. Ibe kachikwu recently announced the unbundling of the nigerian national petroleum corporation nnpc.
The corporation in a statement released on the 3rd of january 2017, stated that the contracts cover about 1. The nigerian national petroleum corporation nnpc was established on april 1, 1977 as a merger of the nigerian national oil corporation and the federal ministry of mines and steel. Nigerian national petroleum corporation, nnpc, annual. As a shipowner it can often prove difficult to keep abreast of all key details essential to maintaining continuous operations at all times. Ness fees are payments due to preshipment inspection agents and monitoring and evaluation agents in. B, 459, garki abuja prequalification of contractors through open tender for the environmental. The report stated that the nnpc had capitalised on lapses in the current law to spend part of the crude oil sales proceeds without limit or control. Full report of pwc forensic report on nnpc energynews. In october 2019, opec crude oil production improved by 943 tbd to average 29. The report, which formed part of the submissions in the 2015 annual audit report of the. Nnpc responds to kachikwus allegations of lack of adherence to due process in contract awards. This 29th edition of the report also highlighted nnpc s activities for the period of january to december, 2017.
A case for reform in nigeria executive summary nigerias national oil company, the nigerian national petroleum corporation nnpc, sells around one million barrels of oil a day, or almost half of the countrys total production. This paper seeks to answer some questions arising from the restructuring. The corporation has sustained effective communication with stakeholders through this report via publications on its website and in national dailies. Nnpc financial reports june 2019 for guardian author. The winners of the 2017 crude oil term contracts include. Easily share your publications and get them in front of issuus. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. Neiti disclosed in its march 2017 report released on tuesday that these are amounts due from three. Final report on 2015 neiti oil and gas industry audit. Gmd and management of the nigerian national petroleum corporation nnpc to consider and respond expeditiously to the allegations. The longawaited report of the forensic audit of the nigerian national petroleum corporation nnpc which the federal government hired pricewaterhousecoopers pwc to conduct has finally been.
Report on nnpcs share in export sales and domestic crude and. This is in line with the corporations commitment to becoming more. Nnpc financial and operations report this document is part of the source library for nrgis 2017 resource governance index, a comprehensive measure of the quality of natural resource governance in 81 oil, gas and mineralrich countries. The nigerian national petroleum corporation nnpc, on sunday said its subsidiary the nigerian gas processing and transportation company limited ngptc, formerly nigerian gas company ngc suffered n6. Although nnpc endeavors to ensure accuracy of information in this unaudited report, it cannot guarantee 100% accuracy, nor can it be held liable for errors that may be contained therein. Nnpc unveils first accounts in decade financial times. Nigerian national petroleum corporation nigerian pipelines. Nnpc audit report exposes double subsidy payments on kerosene, petrolthe cable pwc stated in the report that in the payment of subsidies for. See who you know at nnpc, leverage your professional network, and get hired.
Users are to note that use of any information herein is purely at their own discretion. Nnpc explains challenges the nigerian national petroleum corporation nnpc has explained why the corporation owed n23. The nigerian national petroleum corporation nnpc is the oil corporation through which the. Nnpc audit report exposes double subsidy payments on. The former governor of central bank of nigeria and the current emir of kano, sanusi lamido sanusi, has said that the audit report on the accounts of the nigerian national petroleum corporation. Download full pwc audit report on nnpc here the completed pricewaterhousecoopers audit of the nnpc has now been released after months of suppression. According to the report, neiti has not, except for the year 2015, independently validated the data from nnpc. The nnpc business operations are managed through strategic business and corporate services units sbuscsus in diverse locations across nigeria.
Nnpc and reps committee report the pointer news online. The house of representatives joint committee on finance, petroleum and gas resources, last week, recommended that the nigerian national petroleum corporation nnpc refund n3. Maikanti baru, the newly appointed group managing director of the nigerian national petroleum corporation nnpc, has unveiled a 12point agenda for his tenure at the corporation. The nigerian national petroleum corporation nnpc insisted yesterday that in the award of contracts and its daytoday running, there is no role reserved for its board and minister of state for. The baker institute policy report on nocs focuses on the changing strategies and. Our report picks up this story, and offers the first indepth, independent analysis of how. A chart in nnpcs 2015 report shows the total sales value through november at 1. Major changes in petroleum department and nnpc nigeria. Download full pwc audit report on nnpc here sahara reporters.
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