By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: NNPC, Indorama Sign 5.48trn MoU For Natural Gas
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | NNPC, Indorama Sign 5.48trn MoU For Natural Gas

Business

NNPC, Indorama Sign 5.48trn MoU For Natural Gas

Tapre Timine
Tapre Timine
Published: June 13, 2025
Last updated: June 13, 2025
2 Min Read
Share
NNPC, Indorama Sign 5.48trn MoU For Natural Gas
SHARE

The Nigerian National Petroleum Company Limited (NNPCL) has signed a N5.48 trillion ($7 billion) gas supply deal with Indorama Eleme Petrochemicals Limited.

According to the NNPCL, the agreement is aimed at promoting the use of natural gas by large-scale gas utilization industries.

The Group Chief Executive of NNPCL, Mele Kyari, signed the agreement, highlighting that Section 64(i) of the Petroleum Industry Act (PIA) empowered NNPCL to develop and operate such industries.

Kyari stressed that natural gas and its associated liquids will drive economic growth, increase crude oil exports, and foster job creation.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

A statement it issued Saturday, September 16, 2023, in Abuja read;

“NNPC Limited signs a landmark Memorandum of Understanding with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of natural gas by large-scale gas utilization industries.”

Indorama is a Singapore-based corporate group that manufactures a variety of products including polyethylene, polypropylene, polyester fiber, Spandex filament, spun yarns, fabrics, nitrogen fertilizers, phosphate fertilizers, cotton fiber, and medical gloves.

It is one of the world’s leading producers in the intermediate petrochemicals industry and a global manufacturer of wool yarns.

The company was founded by Indian businessman Aloke Lohia in 1994.

MORE NIGERIA NEWS

Residents Groan as Flood Submerges Delta Community (PHOTOS)

Tinubu Appoints Yemi Cardoso CBN Governor

Chicago State University Releases Tinubu’s Academic Record

Reactions as Instagram Star, Mhiz Gold’s S3xtape Trends

FG Grants 42 Gas Flare Commercialisation Licences

Fidelity Bank Acquires Union Bank

Delta Receives Highest Portion as 36 States Share N1.51trn FAAC in 6 Months

Tribunal Declares Labour Minister, Simon Lalong Plateau South Winner

Gunmen Hijack 2 Benue Link Buses, Kidnap Passengers

Tribunal Sacks APC’s Francis Waive, Declares PDP’s Ahwinawhi Winner 

UAE Lifts Visa Ban on Nigeria, Emirates Airlines to Resume Operations

Nigerian Clergyman, Bishop Karowei Dorgu Dies in UK

FG Secures $163m AfFB Loan

Moyo Lawal, Tiwa Save, Oxlade and 8 Nigerian Celebrities With Leaked Sex Tapes

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:IndoramaNNPCLTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

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

Latest Updates

Yul Edochie Says His Ministry Is Back, Embraces Both Christian and Traditional Worship | Daily Report Nigeria
Yul Edochie Says His Ministry Is Back, Embraces Both Christian and Traditional Worship
Entertainment
UNN Student Kidnapped While Jogging Inside Campus, N10m Ransom Demanded | Daily Report Nigeria
UNN Student Kidnapped While Jogging Inside Campus, N10m Ransom Demanded
Metro
UFC: Jon Jones Announces Retirement, Aspinall Takes the Crown | Daily Report Nigeria
UFC: Jon Jones Announces Retirement, Aspinall Takes the Crown
Sports
Brake Failure Blamed As Container Truck Crushes Driver in Lagos | Daily Report Nigeria
Brake Failure Blamed As Container Truck Crushes Driver in Lagos
Metro
Atiku Meets Obasanjo, Shettima, El-Rufai, Others | Daily Report Nigeria
Atiku Meets Obasanjo, Shettima, El-Rufai, Others
Politics

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

N200 Million SUVs For Members A Bit Exaggerated - Reps | Daily Report Nigeria
News

N200 Million SUVs For Members A Bit Exaggerated – Reps

June 13, 2025
AIT Chairman, Raymond Dokpesi dies
News

BREAKING: AIT Chairman, Raymond Dokpesi Dies

June 14, 2025
NNPCL to Hand Over Nigerian Refineries to Private Firms
Business

NNPCL Slashes Petrol Price in Abuja

June 7, 2025
2023: I Will Flog Small Boys in PDP - Governor Wike | Daily Report Nigeria
Politics

2023: I Will Flog Small Boys in PDP – Governor Wike

June 13, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?