The Nigerian National Petroleum Corporation (NNPC) has failed to make the latest list of the world’s highest income-grossing oil companies, both nationally-run and privately-owned.
The list was compiled from the organisations’ 2020 audited financial statements. But NNPC yesterday said although the repair of roads was not within its direct purview, it was willing to fix some roads across the country to ease the movement of petroleum products.
The offer by the national oil company came following a threat of industrial action by the National Union of Petroleum and Natural Gas Workers (NUPENG) over increasing number of bad roads in the country. However, the Petroleum Tanker Drivers (PTD) of NUPENG yesterday suspended the planned strike, which was earlier scheduled to commence today.
The latest list of the world’s highest income-grossing oil companies showed that although a number of the 10 highest-earning oil and gas companies in 2021 lost billions in 2020 because of the COVID-19 pandemic and trade war between Russia and Saudi Arabia, big deals and discoveries were still made, further aided by recovering oil prices from the last quarter of last year.[ThisDay]
