PETROAN described the executive order as a reform-driven step to boost accountability and investors’ confidence in Nigeria’s energy sector.
NNPCL has reaffirmed its commitment to peace, dialogue, and responsible energy development in Ogoniland.
The scheduled maintenance and “sustainability assessment” will commence on Saturday.
The NNPC “can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake.”
The NNPC said the development was in line with the PIA 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms.
Mr Ekechukwu, in an interview with journalists on Sunday in Abuja, said the NNPC Ltd. should not be seen to be defaulting in its obligations to contractors.
Mr Musa said the decision would reflect on production, affordability, sustainability and quality for the good of the country.
NNPC’s retail outlets sell at N617 per litre, while the independent marketers sell between N660 and N900 per litre.
“The NNPC Ltd is working with relevant stakeholders to resolve the logistics challenges and restore a seamless supply of petrol to affected areas,” the company said.
He advised the public to disregard the information in its entirety.
