Oil & Gas

DPR aligns with ministerial mandate for oil, gas sector – Shakur

Published

on


The Department of Petroleum Resources (DPR) says it has aligned its deliverables with the ministerial mandate for the oil and gas sector in Nigeria.


Mr Paul Osu, Head, Public Affairs, DPR in a statement issued on Friday in Lagos said the agency’s Director, Mr Rufai Shakur, made this known at the DPR Strategic Management Retreat in Abuja.

Shakur said the objective of the retreat was to cascade down the ministerial mandate to all staffers of the agency.

He said it was also to enable DPR provide the necessary regulatory oversight for the oil and gas sector and achieve the next level agenda of the government.

Shakur said the ministerial deliverables include eradication of smuggling of petrol across Nigerian borders and complete gas flare commercialisation programme.

According to him, they also include increase in crude oil production to three million barrels, reduction in the cost of oil extraction, promoting the passage of the petroleum industry bill, increasing domestic refining capacity and creating jobs for Nigerian youths.

He said that the strategic management retreat would further assist the DPR to sustain the tempo of ongoing reforms in the agency, which was geared toward aligning with the agency’s vision of being a world class regulatory agency.

Shakur tasked the top management of the agency to ensure total alignment of their divisions and zones to the ministerial deliverables as it had been embedded into the DPR’s corporate strategy.

Also, Chief Timipre Sylva, Minister of State for Petroleum Resources, who was the special guest commended DPR for the retreat.

Sylva noted that there must be a shared vision by all players in the industry for progress to be achieved.

He emphasised that the ministerial deliverables must cascade down to all staff as it was the duty of everyone to ensure the success of the mandate.

The minister recalled that the deliverables was a product of the ministerial retreat he had earlier in the year, and reiterated that DPR, being the core of the oil and gas sector of Nigeria, must ensure the successful delivery of the mandate.

He enjoined the department to swing into action as he had dubbed 2020 the year to deliver and begin the actualisation of the oil and gas industry roadmap.

Edited by: Emmanuel Okara/Oluwole Sogunle

(NAN)

https://nnn.ng/dpr-aligns-with-ministerial-mandate-for-oil-gas-sector-shakur/

Oil & Gas

DPR, marketers set up committee to enhance safe distribution of cooking gas

Published

on


The Department of Petroleum Resources (DPR) has set up a committee to enhance the safe sale and distribution of Liquefied Petroleum Gas (LPG), also known as cooking gas in the country.


Mr Michael Umudu, National Chairman, Liquefied Petroleum Gas Retailers (LPGAR), a branch of National Union of Petroleum and Natural Gas Workers (NUPENG), confirmed the development to the News Agency of Nigeria in Lagos on Tuesday.

Umudu said that the committee comprised of both gas marketers and retailers.

He said the six man-committee had two members each drawn from DPR, LPGAR and the Nigerian Association of Liquefied Petroleum Gas Marketers (NALGAM) and was inaugurated recently after a meeting of LPG stakeholders.

Umudu said the committee would look at accelerating the process of issuing licences to retailers and also put up modalities to ensure that only those duly registered and had complied with the safety requirements get gas supply.

“Also, the committee is to look out for defaulters and promptly report them to the authorities, especially those operating in unsafe locations,” Umudu said.

According to him, increasing collaboration between the DPR and the stakeholders will help restore sanity to the LPG industry and reduce incidents of gas explosion in Nigeria.

“Currently, LPGAR has over 500 registered members and we have informed those operating their facilities in unsafe locations to relocate and others to upgrade to meet the minimum safety standard.

“We need to have a standard because people cannot just wake up and start retailing gas without meeting the DPR requirements.

“That is why we have incidents of gas explosion which affects lives and property of Nigerians.

“My advice to those involved in this kind of act is to follow the required processes and join us so that they can be properly trained and sensitised to enhance safety of the business,” he said.

He commended the DPR for stepping up on its regulatory duties of sanitising selling and distribution of cooking gas.

Umudu said: “Before now, our members use their individual names to apply for permits but now they need corporate names.

“Also, now you need fire service certification before you can obtain permit. Now, you also need tax clearance to show that you are ready for this business.

“These are some of the new regulations put in place by DPR but even though the process is more difficult, we appreciate that it will help in sanitising the industry.”

He said the agency also monitors LPG depots to ensure that only trucks belonging to identified suppliers were loaded which had helped in reducing proliferation of skids across the country.

(
Edited By: Dorcas Jonah/Peter Ejiofor)
Source: NAN

https://nnn.ng/dpr-marketers-set-up-committee-to-enhance-safe-distribution-of-cooking-gas/
Continue Reading

Economy

FAAC: FG, states, LGs share N682 bn for August 

Published

on


The Federal Government, states and local government councils have shared N682 billion for the month of August, Dr Mahmoud Isa-Dutse, Permanent Secretary,  Ministry of Finance, Budget and National Planning, has said.


Mr Hassan Dodo, the Director of Information in the ministry, qouted Isa-Dutse as disclosing this in a statement issued at the end of the Federation Accounts Allocation Committee (FAAC) virtual meeting  in Abuja on Friday.

Isa-Dutse said that the N682.06 billion shared included cost of collection to Nigeria Customs Service (NCS), Department of Petroleum Resources (DPR) and the Federal Inland Revenue Service (FIRS).

According to him, the Federal Government received N272.9 billion, states got N197.65 billion while local government councils had N147.4 billion.

He added that the oil producing states received N30.88 billion as derivation (13 per cent of Mineral Resources) while Cost of Collection/Transfer and Refund was N33.205 billion.

According to the communique issued by the committee, the gross revenue available from the Value Added Tax (VAT) for August was N150.23 billion.

This was against the N132.61 billion distributed in July, resulting in an increase of N17.611 billion.

“The distribution is as follows: Federal Government got N20.957 billion, states received N69.857 billion, Local Government Councils got N48.900 billion, while  Cost of Collection/Transfer and Refund was N10.51 billion.

“The distributed statutory revenue of  N531.83 billion received for the month was lower than the N543.788 billion received for the previous month by N11.958 billion,” it said.

(
Edited By: Remi Koleoso/Mufutau Ojo)
Source: NAN

 

https://nnn.ng/faac-fg-states-lgs-share-n682-bn-for-august/
Continue Reading

General news

DPR warns IPMAN against exploitation

Published

on


The Department of Petroleum Resources (DPR) has warned Independent Petroleum Marketers (IPMAN) in Osun against exploiting motorists in the sales of Premium Motor Spirit (PMS).


Mr Olusegun Daboh, the DPR Operations Controller in the state, gave the warning on Friday in Osogbo when he received the newly elected IPMAN Executives.

Daboh said the department would continue to monitor all filling stations in the state to ensure that they dispense accurately.

The controller said any marketer caught under-dispensing product would have their filling stations sealed, and pay N100, 000 as fine on each pump discovered to be under-dispensing product.

He described as disheartening the way some independent marketers engage in sharp practices, adding that the DPR would not relent in its surveillance operations in the state.

Daboh, however, assured them of necessary support to succeed and advised them to always abide by all precautionary regulations.

Also speaking, Mr Femi Ogunmuyiwa, DPR Head’s of Operations, appealed to the marketers to always train their attendants on safety practices.

Ogunmuyiwa noted that some of the attendants lack requisite knowledge on safety procedure involved in the sales of oil and gas.

Earlier, Alhaji Bukola Mati, the IPMAN Chairman, solicited for the support of DPR for the new executives and the association at large.

Mati said support of the DPR was necessary for their business to thrive.

Edited By: Johnson Eyiangho/Wale Ojetimi
Source: NAN

 

 

 

https://nnn.ng/dpr-warns-ipman-against-exploitation/
Continue Reading

Oil & Gas

DPR generates N742.4bn revenue in 8 months

Published

on


The Department of Petroleum Resources (DPR) says it generated a total sum of N742,471,639,376. 96 billion for the Federal Government from  January to August 2020.


Mr Sarki Auwalu, Director, DPR  made the disclosure during a visit of the Federal House of Representatives Committee on Petroleum Resources (Upstream) to the DPR headquarters in Lagos on Wednesday.

The News Agency of Nigeria reports that the committee, chaired by Mr Musa Adar, visited the regulatory agency as part of its oversight duties.

Auwalu expressed optimism that the regulatory agency would surpass its revenue target for the year despite the  ‘triple force’ of COVID-19 pandemic, oil price crash and OPEC plus production cuts.

He said, “DPR is a revenue collection agency for revenues accrueable to government from oil and gas industry operations.

DPR operates a cashless revenue system which enables all revenue remittances to be paid directly to the federation account in total compliance with the Treasury Single Account (TSA) policy of government.

“The agency conducts comprehensive quarterly and annual reconciliations of revenue payments to ensure accurate and timely remittances to the federation account.

“It also collects oil and gas royalties which represents proportional value of oil and gas production and sales from oilfields, gas flare penalties imposed for gas flaring,” he said.

According to him, DPR collects concession rentals paid for grant of oil and gas acreages by exploration and production companies and miscellaneous oil revenue.

He said that these consisted of statutory application fees, licence and permit fees and penalties.

Auwalu said that the challenges posed by COVID-19 and oil price crash had made it compelling for a  new thinking and approach for strategic repositioning and business optimisation in the industry.

The DPR boss said the agency had, therefore,  adopted several approaches and streamlined its processes to deepen its influencing role as an opportunity house and business enabler for the Industry.

He said the approaches include  cost control and management, strategic partnership, vertical integration  and diversification and portfolio rationalisation and  operational resilience.

On his part, Adar told newsmen that the National Assembly would expedite action on the passage of the Petroleum Industry Bill (PIB) in order to reposition the industry.

“We want to assure Nigerians that once we receive the PIB,  we will ensure its quick passage.

” There is a good relationship between the executive and  lawmakers and there will be a bipartisan approach toward the bill because we must put Nigeria first as patriotic citizens,” he said.

He said the visit to the regulatory agency had enlightened the lawmakers on the need to enact legislation that would ensure maximisation of Nigeria’s oil and gas resources.

Edited By: Chioma Ugboma/Oluwole Sogunle
Source: NAN

https://nnn.ng/dpr-generates-n742-4bn-revenue-in-8-months/
Continue Reading

Nigeria High Commission in Canada reopens after six-month closure President Buhari’s UNGA75 National Statement Olowu condoles with COAS, says Col. Bako’s death a national tragedy 9 energy firms get $2.6m USAID grant to power rural clinics in Africa FCTA reiterates commitment to job creation through agriculture value chain Sanwo-Olu charges cabinet, officials to brace up for optimum performance I never accused NAN staff of fraud, says Lagos NUJ Chairman Navy deploys 6 warships for special military operation in 4 states Obiano inaugurates 18-member task force on human trafficking, irregular migrationar migration Buhari congratulates Plateau Dep. Gov. Tyoden at 70 Barbados tourism expert advises African operators on innovation Ramaphosa urges UN to take decisive action against racism Ex-governor Yari administration diverted N10.8bn for university project – Commissioner  Buhari consoles with Borno on loss of two Emirs Suspect wanted by FBI for $6m scam surrenders to EFCC — Official Lagos govt to train medical records personnel for effective service delivery AbdulRazaq updates Buhari on Kwara flood disaster, seeks FG support   Flood: NASG distributes relief materials to victims in 45 communities UN commends FG on improvement of humanitarian access in North-East Gov. Ganduje inaugurates NYSC governing board 8 states yet to implement new minimum wage – TUC COVID-19: We’ve flattened the curve, says Gov. Ganduje Silverbird Group to establish cinema outlets in Ebonyi FG alleges that multinationals companies drill for water without approval Electricity/Fuel pump hike: NLC insists on nationwide protest LASG receives 107,546 CA-COVID food palliative packs At UNGA, AU chairman solicits ‘comprehensive stimulus package’ for Africa Sanusi calls for diversification of economy to address poverty, inequality Food Council to ensure reduction in fertiliser price – Gov. Bagudu Kwara Assembly urges Gov AbdulRasaq to assist rainstorm victims I’m loyal to APC, not factions, says chieftain in Ibadan Oyo govt re-awards 9.7km Saki township road for N4.7bn Suarez language exam for Italian citizenship rigged, prosecutors insist Runsewe urges youths to uphold cultural values Late Emir of Zazzau was a father to all – NDA Spurs’ League Cup match called off due to COVID-19 cases at Orient Mixed reactions trail CBN‘s MPR cut 40 coys bid for NEPZA constituency projects Bale may extend Spurs’ stay beyond loan spell, agent says Minister urges fertilizer dealers to work in line with Fertilizer Act IBEDC apologises to customers over poor electricity supply NAICOM urges state govts to domesticate compulsory life insurance, others for citizens Minister advocates return of state sports festivals to enhance athletes’ competitiveness PMAN congratulates King Sunny Ade at 74 FRC partners agencies on monitoring, evaluation, project verification TETFUND pledges support to Kogi confluence university King of Jordan, Abdullah seeks end to Palestinian-Israeli conflict Economic recovery: CBN reduces Monetary Policy Rate LASWA, Ibile Oil & Gas collaborate to enhance ferry services in Lagos  IBEDC appeals to Mowe, Ibafo, Magboro customers over poor electricity supply