• Home
  • Contact Us
  • Privacy Policy
Global Times
  • Home
    • Home – Layout 1
  • News
    • All
    • Science
    • World
    Pharm. Hazmat Akinbile-Yussuf, Obateru Of Egbin, Bldr. Odegade, Ronke Oyelakin Graces JTAH Foundation Annual National Event (Photos)

    Pharm. Hazmat Akinbile-Yussuf, Obateru Of Egbin, Bldr. Odegade, Ronke Oyelakin Graces JTAH Foundation Annual National Event (Photos)

    JTAH Foundation Honours Builder Abdulkareem Odegade With A Recognition Award

    JTAH Foundation Honours Builder Abdulkareem Odegade With A Recognition Award

    Ex-IGP, Tafa Balogun Dies At 74 Years

    Ex-IGP, Tafa Balogun Dies At 74 Years

    LGAs Desire Aregbesola To Be Imprisoned After A Dispute Over….

    LGAs Desire Aregbesola To Be Imprisoned After A Dispute Over….

    Our Christian Brothers And Sisters Deserve A Place In the Scheme Of Things –  APC Muslim Youths

    Our Christian Brothers And Sisters Deserve A Place In the Scheme Of Things –  APC Muslim Youths

    Check On Bad Examples: NAOSRE Applauds Police Prompt Action On ‘One Million Boys’ Outburst

    Check On Bad Examples: NAOSRE Applauds Police Prompt Action On ‘One Million Boys’ Outburst

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    2023 Presidency: Influencers On Social Media Cause A Stir Against The APC And The PDP

    2023 Presidency: Influencers On Social Media Cause A Stir Against The APC And The PDP

    Biafra : Facebook, You’re Not Doing Enough To Stop IPOB, Says Lai Mohammed

    Biafra : Facebook, You’re Not Doing Enough To Stop IPOB, Says Lai Mohammed

    Osinachi, NIN-SIM linkage, Rita Dominic top search on Google Trends in April

    Osinachi, NIN-SIM linkage, Rita Dominic top search on Google Trends in April

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    Mercy Aigbe Taunt Fans With Throwback’ Pictures Of…

    Mercy Aigbe Taunt Fans With Throwback’ Pictures Of…

    Baba Ijesha: Yomi Fabiyi’s Ex-lover Counters Princess Curses

    Baba Ijesha: Yomi Fabiyi’s Ex-lover Counters Princess Curses

    Princess, Has Revealed That She Almost Got Killed, Over Baba Ijesha

    Princess, Has Revealed That She Almost Got Killed, Over Baba Ijesha

    BREAKING : Baba Ijesha Bagged 16 Years Imprisonment

    BREAKING : Baba Ijesha Bagged 16 Years Imprisonment

    2023 : Nomination Of Funke Akindele As Deputy, Underscores The Unseriousness Of… – Says APC

    2023 : Nomination Of Funke Akindele As Deputy, Underscores The Unseriousness Of… – Says APC

    2023: We’re Bringing A Breath Of Fresh Air, If .., – Funke Akindele

    2023: We’re Bringing A Breath Of Fresh Air, If .., – Funke Akindele

  • Lifestyle
    • All
    • Travel
    Male Fertility: The Ideal Fatherhood Age

    Male Fertility: The Ideal Fatherhood Age

    Kunle Adeyanju, Who Rode A Motorcycle From London To Lagos, Says, “I Don’t Know If Zenab Will Say Yes To Me

    Kunle Adeyanju, Who Rode A Motorcycle From London To Lagos, Says, “I Don’t Know If Zenab Will Say Yes To Me

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
    Angry Nation Abandoned By Its Leaders

    Angry Nation Abandoned By Its Leaders

No Result
View All Result
  • Home
    • Home – Layout 1
  • News
    • All
    • Science
    • World
    Pharm. Hazmat Akinbile-Yussuf, Obateru Of Egbin, Bldr. Odegade, Ronke Oyelakin Graces JTAH Foundation Annual National Event (Photos)

    Pharm. Hazmat Akinbile-Yussuf, Obateru Of Egbin, Bldr. Odegade, Ronke Oyelakin Graces JTAH Foundation Annual National Event (Photos)

    JTAH Foundation Honours Builder Abdulkareem Odegade With A Recognition Award

    JTAH Foundation Honours Builder Abdulkareem Odegade With A Recognition Award

    Ex-IGP, Tafa Balogun Dies At 74 Years

    Ex-IGP, Tafa Balogun Dies At 74 Years

    LGAs Desire Aregbesola To Be Imprisoned After A Dispute Over….

    LGAs Desire Aregbesola To Be Imprisoned After A Dispute Over….

    Our Christian Brothers And Sisters Deserve A Place In the Scheme Of Things –  APC Muslim Youths

    Our Christian Brothers And Sisters Deserve A Place In the Scheme Of Things –  APC Muslim Youths

    Check On Bad Examples: NAOSRE Applauds Police Prompt Action On ‘One Million Boys’ Outburst

    Check On Bad Examples: NAOSRE Applauds Police Prompt Action On ‘One Million Boys’ Outburst

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    2023 Presidency: Influencers On Social Media Cause A Stir Against The APC And The PDP

    2023 Presidency: Influencers On Social Media Cause A Stir Against The APC And The PDP

    Biafra : Facebook, You’re Not Doing Enough To Stop IPOB, Says Lai Mohammed

    Biafra : Facebook, You’re Not Doing Enough To Stop IPOB, Says Lai Mohammed

    Osinachi, NIN-SIM linkage, Rita Dominic top search on Google Trends in April

    Osinachi, NIN-SIM linkage, Rita Dominic top search on Google Trends in April

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    Mercy Aigbe Taunt Fans With Throwback’ Pictures Of…

    Mercy Aigbe Taunt Fans With Throwback’ Pictures Of…

    Baba Ijesha: Yomi Fabiyi’s Ex-lover Counters Princess Curses

    Baba Ijesha: Yomi Fabiyi’s Ex-lover Counters Princess Curses

    Princess, Has Revealed That She Almost Got Killed, Over Baba Ijesha

    Princess, Has Revealed That She Almost Got Killed, Over Baba Ijesha

    BREAKING : Baba Ijesha Bagged 16 Years Imprisonment

    BREAKING : Baba Ijesha Bagged 16 Years Imprisonment

    2023 : Nomination Of Funke Akindele As Deputy, Underscores The Unseriousness Of… – Says APC

    2023 : Nomination Of Funke Akindele As Deputy, Underscores The Unseriousness Of… – Says APC

    2023: We’re Bringing A Breath Of Fresh Air, If .., – Funke Akindele

    2023: We’re Bringing A Breath Of Fresh Air, If .., – Funke Akindele

  • Lifestyle
    • All
    • Travel
    Male Fertility: The Ideal Fatherhood Age

    Male Fertility: The Ideal Fatherhood Age

    Kunle Adeyanju, Who Rode A Motorcycle From London To Lagos, Says, “I Don’t Know If Zenab Will Say Yes To Me

    Kunle Adeyanju, Who Rode A Motorcycle From London To Lagos, Says, “I Don’t Know If Zenab Will Say Yes To Me

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
    Angry Nation Abandoned By Its Leaders

    Angry Nation Abandoned By Its Leaders

No Result
View All Result
Global Times
No Result
View All Result
Home News

NNPC alerts on fake diesel, urges motorists to avoid use

globaltimes by globaltimes
June 7, 2020
in News
0
0
SHARES
0
VIEWS
Share on WhatsAppShare on FacebookShare on Twitter


The Nigerian National Petroleum Corporation (NNPC), has raised an alarm over prevalent low grade and contaminated AGO, otherwise called diesel, offered at discounted prices in parts of the Country.

The warning is contained in a report by NNPC Retail Limited Managing Director, Sir Billy Okoye, on Friday advising motorists to be wary of the off-spec products.

Okoye stated that the warning became necessary because the low grade, contaminated diesel was harmful to machines and the environment.

He said that NNPC Retail Limited as a market leader considered it incumbent upon it to alert the public on the subject.

He assured consumers that NNPC Retail Limited was dealing only in premium, high-quality products in the interest of Nigerian motorists and users.

He urged consumers to patronise the company’s stations where the quality of their products was assured.

As a deregulated product, diesel is also imported by other major and independent marketers in the Country.

Meanwhile, the Corporation says it is taking measures to bring down cost of crude oil production to 10 dollars per barrel or below.

The Corporation’s Chief Operating Officer (COO), Ventures and Business Development, Mr Roland Ewubare, said this in a statement issued by the corporation in Abuja, on Friday.

The statement said that Ewubare spoke as a guest speaker at a TV programme in Abuja.

He explained that terrain peculiarity was an important factor in determining cost, arguing that issues such as pipeline vandalism and crude oil theft, among others, were some of the factors peculiar to the Nigeria terrain that increased crude oil production cost in the country.

He, however, stated that NNPC was looking very closely at such variable as logistics, security and transportation with a view to reducing cost of production to 10 dollars and below per barrel.

He disclosed that much had been done over the years in the area of reducing contracting cycle which used to be a major factor responsible for high cost of production.

He added that the National Petroleum Investment Management Services (NAPIMS) achieved a six-month contracting cycle under him as Group General Manager.

Amidst speculations of non-compliance by some countries with the production cuts agreed upon by the Organisation of the Petroleum Exporting Countries (OPEC) and its non-member allies, he affirmed that Nigeria was in full compliance with the agreed output cuts.

He noted that reports including Nigeria on the list of non-compliant countries were not true.

Ewubare said that although Nigeria’s total production capacity was 2.3 million barrels per day (mbpd), it was currently producing only about 1.4 mbpd in compliance with the OPEC+ production quota.

He said that what made up the little extra over the 1.4 mbpd figure being bandied around for Nigeria was condensate which is usually not computed as part of production in OPEC quota.

“There’s some confusion in the market around the parameters for the production cuts.

“Nigeria has a full production capacity of about 2.3 mbpd. We are currently producing between 1.6 mbpd and 1.7mbpd.

“Our OPEC quota as a result of the cuts is about 1.4 mbpd. Condensate is not included in the computation of the cut numbers.

“So what we have is 1.4 mbpd of crude oil. The little you see above 1.4 mbpd is made up of condensate which does not count as part of the basis for assessing our OPEC quota,” he said.

It will be recalled that NNPC Group Managing Director, Malam Mele Kyari, in a recent interview said that NNPC was working assiduously to bring down the cost of crude oil production to not more than 10 dollars per barrel by 2021.(NAN

Related

Previous Post

Adamolekun, Lagos Attorney, sues against illegal sack of oil and gas workers

Next Post

Diezani Madueke Is Now Dominican Republic Citizen

globaltimes

globaltimes

Next Post
Diezani Madueke Is Now Dominican Republic Citizen

Diezani Madueke Is Now Dominican Republic Citizen

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

  • A 53-year-old Londoner Was Murdered And Thrown In A Septic Tank…

    A 53-year-old Londoner Was Murdered And Thrown In A Septic Tank…

    0 shares
    Share 0 Tweet 0
  • They Made Me Sleep With Dogs In Dubai’ – Slay Queen Mona Gucci Makes Confession

    0 shares
    Share 0 Tweet 0
  • Lagos Flood Sweeps Away Cars, Four People Are Saved And Two Go Missing

    0 shares
    Share 0 Tweet 0
  • ’45 Degrees’ and 10 Other New Positions to Respark Your Sex Life

    0 shares
    Share 0 Tweet 0
  • AKMODEL GROUPS MD/CEO Receives Miss ARTS NIGERIA BEAUTY REALITY SHOW Team, Assures Commitment To Women Empowerment

    0 shares
    Share 0 Tweet 0

Recent News

Pharm. Hazmat Akinbile-Yussuf, Obateru Of Egbin, Bldr. Odegade, Ronke Oyelakin Graces JTAH Foundation Annual National Event (Photos)

Pharm. Hazmat Akinbile-Yussuf, Obateru Of Egbin, Bldr. Odegade, Ronke Oyelakin Graces JTAH Foundation Annual National Event (Photos)

August 8, 2022
NAOSRE Monthly Security Review: Nigeria At The Mercy Of Tactless Security Chiefs

NAOSRE Monthly Security Review: Nigeria At The Mercy Of Tactless Security Chiefs

August 8, 2022
NDLEA Nabs ‘Pastor’, 90-Year-Old Drug Supplier

NDLEA Nabs ‘Pastor’, 90-Year-Old Drug Supplier

August 7, 2022
JTAH Foundation Honours Builder Abdulkareem Odegade With A Recognition Award

JTAH Foundation Honours Builder Abdulkareem Odegade With A Recognition Award

August 6, 2022
global times

Browse by Category

Search this site

No Result
View All Result
  • Home
  • Contact Us
  • Privacy Policy

© 2022 Crafted with ❤️ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Home
  • Contact Us
  • Privacy Policy

© 2022 Crafted with ❤️ by Claridan - Adsvance Digitals.