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21 Nov, 3 tweets, 3 min read
GMD @MKKyari: “#NNPC has never published its audited financial statement in 43 yrs.We came & started doing that & released the 2018 financial statement.We were not afraid of doing that & there were a lot of criticisms that we lost money in refinery operations & pipeline business"
GMD @MKKyari: “We went ahead & published the 2019 audited report & were able to learn and cut cost & became more efficient. There is no company in the country which has cut its losses within one financial year by N800bn. We have improved efficiency by cutting 97% in our losses"
GMD @MKKyari: "These are truly difficult times for our Industry. But I am proud to say that we were able to maintain our obligations to the Federation Account for seven months without any fail despite the huge impact of the #COVID-19 pandemic on the oil and gas industry."

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More from @NNPCgroup

NNPC Group Profile picture
17 Oct
PRESS RELEASE

Otedola Bridge Explosion: @NNPCgroup Commiserates with Victims, Lagos Govt

Thread...👇

1a. The #NNPC has commiserated with the Govt and people of Lagos State and especially the victims over the unfortunate tanker explosion which occurred on the Otedola Bridge..
1b... in Lagos, in the early hours of Saturday.
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NNPC Group Profile picture
15 Oct
BREAKING:

@NNPCgroup Releases 2019 Audited Financial Statement, Reduces Loss by 99.7%

#Transparency
#Accountability
#PerformanceExcellence
#TAPE
 
THREAD...👇
1. Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (#NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019.

#TAPE
2a. A statement by the Corporation's spokesman, Dr. Kennie Obateru, quoted the NNPC Chief Financial Officer, Mr. Umar Ajiya, as saying that the 2019 Audited Financial Statement, which was concluded five months after the release of the 2018 Audited Financial Statement...,

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NNPC Group Profile picture
14 Oct
#HappeningNow in #Owerri, #Imo State:

GMD @NNPCgroup Mallam @MKKyari delivers the Goodwill Address at the South East Gas Utilisation Forum 2020.

The GMD is represented by #NNPC's Chief Operating Officer, Gas & Power, Engr Yusuf Usman.

#SouthEastGasForum #YearofGas

Details👇
"#NNPC as an enabler orgn has since realised the obvious economic importance of gas & has consistently taken concerted steps to delivering the right infrastructure & commercial structures that deliver value to customers & all stakeholders." --GMD @MKKyari @ the #SouthEastGasForum
"A good example is the imminent completion of the landmark OB3 gas pipeline project which will help commercialize over 2BCF/D of gas and generate Billions in revenue and thousands of employment opportunities." ---GMD @MKKyari
at the #SouthEastGasForum
Read 6 tweets
NNPC Group Profile picture
18 Mar
JUST IN:

PMS PRICE ADJUSTMENT

In compliance with the directives of the Honourable Minister of State for Petroleum Resources on PMS pricing, the Corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.

Thread...
2. Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from N117.6/litre to N99.44/litre while Ex-Depot price is reduced from N133.28/litre to N113.28/litre.
3. These reductions will therefore translate to N125/litre retail pump price.
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NNPC Group Profile picture
5 Aug 19
#HappeningNow: GMD @NNPCgroup @MKKyari delivers the Industry Adress at the @SPE_NIGERIA #NAICE2019.

Thread...
@MKKyari: "I am grateful for the privilege given to me to address this very important conference and distinguished audience. I am attuned with the theme of this year’s conference, especially at this time that the industry is becoming increasingly ambitious and also challenged."
@MKKyari: No doubt, the emergence of Artificial Intelligence has altered the dynamics of our operations by providing quicker processes & interventions in the conduct of petroleum operations. This also is on the back of big data that provides the platform for effective AI system."
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NNPC Group Profile picture
11 Jul 19
PRESS RELEASE:

Disregard Trending Rumour of Impending Hike in Pump Price of Petrol, Says @NNPCgroup

… Clarifies Statement of its GMD
The #NNPC has advised motorists and other petroleum products consumers to disregard trending rumour of a planned hike in the pump price of Premium Motor Spirit (PMS), otherwise called petrol..
..., saying the statement of the corporation’s GMD, Mallam @MKKyari, at the @nassnigeria yesterday did not suggest any plan to increase the price of the white product.
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