Sunday, December 21, 2025
32 C
Lagos

NNPC Restores Production of 275,000bpd, Settles PENGASSAN-Total Energies Rift

Following a peace deal brokered by the Nigerian National Petroleum Company Limited (NNPCL) between the Management of Total Energies, operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the unions have agreed to suspend on-going industrial action leading to immediate restoration of 275, 000 barrels of oil per day production.

In a communique issued at the end of a marathon negotiation session chaired by Mrs. Oritsemeyiwa Eyesan, Executive Vice President, Upstream, NNPCL, all parties committed to resolving all the issues within an agreed framework.

The communique was signed by Total Energies MD/CEO, Mr. Matthieu Bouyer, PENGASSAN President, Comrade Festus Osifo and NUPENG   President, Comrade Williams Akporeha.

It was witnessed by NNPC Limited, EVP Upstream, Mrs. Oritsemeyiwa Eyesan, and Mr. Bala Wunti, Chief Upstream Investment Officer, NNPC Upstream Investment Management Services, (NUIMS).

Also in attendance was Mr. Victor Bandele, Deputy Managing Director, Total Energies.

 

 

 

spot_img
spot_img
spot_img

Hot this week

Fidelity Bank Enhances Maternal and Child Healthcare Delivery at ESUTH

L-R: Public Relations Officer, Enugu State University Teaching Hospital...

Polaris Bank Champions Girls’ Hygiene Awareness with Female Hygiene Essentials in Schools

Polaris Bank has continued its commitment to empowering the...

Sterling Bank Champions Collective Action to Accelerate Nigeria’s Renewable Energy Transition

L-R: Mr. Ayo Ademilua, President, Renewable Energy Association of...

BUA Foods Hosts Minister of State for Industry, NSDC on Tour of LASUCO Sugar Company  

  BUA Foods Plc recently hosted the Hon. Minister of State for Industry,...

PenCom Unveils PenCare Initiative for Retirees Across Nigeria

The National Pension Commission (PenCom) has established the PenCare...

Topics

Stanbic IBTC Bank Champions Economic Growth Through Strategic Partnership with AfDB

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings...

‘Recapitalisation will Strengthen Banks in Nigeria’

  The International Monetary Fund (IMF) says recapitalisation will strengthen...

Stanbic IBTC Bank PMI: New Order Growth at 7-month Low in June

June data signaled a broad stagnation of the Nigerian...

Absa Commends SEC for Proactive Regulation of Digital Assets

Absa Nigeria, a leading pan-African bank with a strong footprint...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

Esther E. Okafor, Renowned Educationist, Author for Burial Jan 4

The remains of renowned educationist and author, Mrs. Esther...
spot_img

Related Articles

Popular Categories

spot_imgspot_img