#HappeningNow at #Transcorp, #Abuja:

Announcement of Final Investment Decision (#FID) for Brass Fertiliser & Petrochemical Company Ltd (BFPCL)'s Integrated Project.

Details shortly...
The BFPCL is an incorporated company which has @NNPCgroup, @OfficialNCDMB & DSV Engineering as Shareholders. Today's significant milestone of achieving an #FID symbolizes the full support of the Fed Govt for the construction & operation of “the first Methanol Plant in Nigeria”.
GMD @NNPCgroup Mallam @MKKyari:

"When completed, the BFPCL Project will bring about 3 Billion Dollar foreign direct investment, generate employment of 30,000 jobs during construction period and 5,000 during operations. This is a huge milestone" #BrassFertiliser_FID #DecadeOfGas
GMD @MKKyari:

"The fact that we're able to take #FID today on a project of this magnitude is a testimony to FG's commitment to develop the nation's abundant gas resources;to monetise & deepen gas utilisation in-country; & ultimately, to create value for the over 200m Nigerians"

• • •

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More from @NNPCgroup

17 Oct 20
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.
2a. According to reports, the unfortunate incident occurred when a container truck loaded with fabric experienced a brake failure and collided with a 33,000ltrs fuel tanker loaded with Premium motor spirit (PMS), belonging to a downstream operator,...
Read 8 tweets
15 Oct 20
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...,

#TAPE
Read 10 tweets
14 Oct 20
#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
18 Mar 20
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.
Read 5 tweets
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."
Read 15 tweets
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.
Read 13 tweets

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