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  •  The Nigerian petroleum industry on Wednesday in Abuja held a night of tributes for the departed Dr Mohammed Barkindo the Secretary General of the Organisation of the Petroleum Exporting Countries OPEC The News Agency of Nigeria reports that Barkindo passed on in Abuja on Tuesday at the age of 63 He was buried on Wednesday in Yola Adamawa State in accordance with Islamic rites Speaking at the ceremony which coincided with the 2022 Nigeria Oil and Gas NOG Award Mr Mele Kyari the Group Managing Director Nigerian National Petroleum Company Ltd said Barkindo s demise was a shock to the industry Represented by Mr Adetunji Adeyemi the Group Executive Director Downstream NNPC Kyari prayed God to grant the family the fortitude to bear the loss Mr Mike Sangster the Managing Director TotalEnergies EP Nigeria Ltd said the loss was for the family the country Nigeria the oil and gas industry and the world at large Sangster who was represented by Mr Charles Ebereonwu the Country Communications Manager TotalEnergies Nigeria described Barkindo as a humble and hardworking man who made enormous contributions to the oil and gas industry All we can do is to pray for the family for the fortitude to bear the loss and the Almighty God to grant his soul eternal rest he said Also Mr Rick Kennedy the Chairman Oil Producers Trade Section OPTS described Barkindo as a true giant of the industry Kennedy said the contributions of the departed global energy leader could not be overemphasised adding that his death was a huge loss to the sector On his part Mr Osagie Okunbor the Country Chair Shell Companies in Nigeria said Barkindo was an iconic figure in the oil and gas industry whose death came as a very rude shock to stakeholders Okunbor said OPEC was able to overcome multiple crisis due to his outstanding leadership adding that he made Nigeria and Nigerians proud on the global stage In his tribute Mr Simbi Wabote the Executive Secretary Nigerian Content Development and Monitoring Board said Barkindo was a role model and someone worthy to be admired He was the icon of our time His death is a great loss to Nigeria God knows best When our time is up there is nothing we can do He has played his part and we can only continue from where he stopped Wabote said NewsSourceCredit NAN
    Nigerian petroleum industry holds night of tributes for Barkindo
     The Nigerian petroleum industry on Wednesday in Abuja held a night of tributes for the departed Dr Mohammed Barkindo the Secretary General of the Organisation of the Petroleum Exporting Countries OPEC The News Agency of Nigeria reports that Barkindo passed on in Abuja on Tuesday at the age of 63 He was buried on Wednesday in Yola Adamawa State in accordance with Islamic rites Speaking at the ceremony which coincided with the 2022 Nigeria Oil and Gas NOG Award Mr Mele Kyari the Group Managing Director Nigerian National Petroleum Company Ltd said Barkindo s demise was a shock to the industry Represented by Mr Adetunji Adeyemi the Group Executive Director Downstream NNPC Kyari prayed God to grant the family the fortitude to bear the loss Mr Mike Sangster the Managing Director TotalEnergies EP Nigeria Ltd said the loss was for the family the country Nigeria the oil and gas industry and the world at large Sangster who was represented by Mr Charles Ebereonwu the Country Communications Manager TotalEnergies Nigeria described Barkindo as a humble and hardworking man who made enormous contributions to the oil and gas industry All we can do is to pray for the family for the fortitude to bear the loss and the Almighty God to grant his soul eternal rest he said Also Mr Rick Kennedy the Chairman Oil Producers Trade Section OPTS described Barkindo as a true giant of the industry Kennedy said the contributions of the departed global energy leader could not be overemphasised adding that his death was a huge loss to the sector On his part Mr Osagie Okunbor the Country Chair Shell Companies in Nigeria said Barkindo was an iconic figure in the oil and gas industry whose death came as a very rude shock to stakeholders Okunbor said OPEC was able to overcome multiple crisis due to his outstanding leadership adding that he made Nigeria and Nigerians proud on the global stage In his tribute Mr Simbi Wabote the Executive Secretary Nigerian Content Development and Monitoring Board said Barkindo was a role model and someone worthy to be admired He was the icon of our time His death is a great loss to Nigeria God knows best When our time is up there is nothing we can do He has played his part and we can only continue from where he stopped Wabote said NewsSourceCredit NAN
    Nigerian petroleum industry holds night of tributes for Barkindo
    General news3 months ago

    Nigerian petroleum industry holds night of tributes for Barkindo

    The Nigerian petroleum industry on Wednesday in Abuja held a night of tributes for the departed Dr Mohammed Barkindo, the Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC).

    The News Agency of Nigeria reports that Barkindo passed on in Abuja on Tuesday at the age of 63.

    He was buried on Wednesday in Yola, Adamawa State, in accordance with Islamic rites.

    Speaking at the ceremony which coincided with the 2022 Nigeria Oil and Gas (NOG) Award, Mr Mele Kyari, the Group Managing Director, Nigerian National Petroleum Company Ltd., said Barkindo’s demise was a shock to the industry.

    Represented by Mr Adetunji Adeyemi, the Group Executive Director, Downstream, NNPC, Kyari prayed God to grant the family the fortitude to bear the loss.

    Mr Mike Sangster, the Managing Director, TotalEnergies EP Nigeria Ltd., said the loss was for the family, the country Nigeria, the oil and gas industry and the world at large.

    Sangster who was represented by Mr Charles Ebereonwu, the Country Communications Manager, TotalEnergies Nigeria, described Barkindo as a humble and hardworking man who made enormous contributions to the oil and gas industry.

    “All we can do is to pray for the family for the fortitude to bear the loss and the Almighty God to grant his soul eternal rest,” he said.

    Also, Mr Rick Kennedy, the Chairman, Oil Producers Trade Section (OPTS), described Barkindo as a true giant of the industry.

    Kennedy said the contributions of the departed global energy leader could not be overemphasised, adding that his death was a huge loss to the sector.

    On his part, Mr Osagie Okunbor, the Country Chair, Shell Companies in Nigeria, said Barkindo was an iconic figure in the oil and gas industry whose death came as a very rude shock to stakeholders.

    Okunbor said OPEC was able to overcome multiple crisis due to his outstanding leadership, adding that he made Nigeria and Nigerians proud on the global stage.

    In his tribute, Mr Simbi Wabote, the Executive Secretary, Nigerian Content Development and Monitoring Board, said Barkindo was a role model and someone worthy to be admired.

    “He was the icon of our time. His death is a great loss to Nigeria. God knows best. When our time is up, there is nothing we can do.

    “He has played his part and we can only continue from where he stopped,” Wabote said.

    NewsSourceCredit: NAN

  •  The Federal Government says the fixed pump price of Premium Motor Spirit PMS remains N165 per litre as stipulated in the petroleum product pricing template The government also advised Nigerians against panic buying of PMS also known as petrol saying that the country currently had over 2 billion litres of PMS in various depots This was made known by the Nigerian Midstream and Downstream Petroleum Regulatory Authority the Nigerian National Petroleum Company Ltd and the Pipelines and Product Marketing Company after visiting jetties in Apapa Lagos on Tuesday The depots visited by the top officials of the agencies were NIPCO Depot and TotalEnergies Depot The News Agency of Nigeria reports that the Independent Petroleum Marketers Association of Nigeria IPMAN had on Monday advised its members to adjust the pump price of PMS to a minimum of N180 per litre The marketers had said the move was necessitated by the increment in the ex depot price of PMS by some private depots where they were buying the product from However Mr Ugbugo Ukoha Executive Director Distribution Systems Storage and Retail Infrastructure NMDPRA maintained that petrol was a regulated product and urged marketers to comply with the pricing template Ukoha said the conflict between Russia and Ukraine had led to an increment in the cost of Automotive Gas Oil diesel which was a critical product used in transporting petroleum products from the depots to the retail outlets He said So when we observed that this poses a big challenge in the movement of other products we made the representation to the Minister of State for Petroleum and Mr President graciously approved that the freight rate for trucks be increased There s a N10 addition which we will apply to the different routes to enable trucks to move to docks easily with less burden With these kinds of efforts from government we can only continue to appeal to operators within this industry to play by the rules PMS is a regulated product and the prices are fixed The ex depot price is known The pump price remains N165 and the authority is ever ready to enforce those rules So we will continue to urge Nigerians to keep within these operating rules Ukoha said the focus of the stakeholders in the next few days would be to close the supply gaps and resolve the ongoing scarcity of petrol as soon as possible Also Mr Adetunji Adeyemi Group Executive Director Downstream NNPC Ltd said the purpose of the visit to the depots was to get first hand information on the challenges responsible for the current scarcity Adeyemi said despite the challenges globally in terms of the supply chain NNPC had continued to provide petroleum products specifically PMS to Nigerians Today we have about 2 billion litres of PMS in country which is about 34 days sufficiency So there is sufficient petrol in the country We are working with the entire stakeholders and players in the downstream sector to ensure that this product gets to the distribution channels and also the stations We want Nigerians to continue to enjoy free flow of petroleum products he said Mr Isiyaku Abdullahi Managing Director PPMC said the company had been supporting transporters and marketers with diesel in form of palliative to ensure the smooth distribution of PMS and ameliorate the suffering of Nigerians Abdullahi said three vessels carrying about 60 metric tons of PMS were currently discharging at the Apapa jetty which would be further transported to Lagos and other parts of the country to restore normalcy On their parts Mr Suresh Kumar Managing Director NIPCO and Mr Ernest Umunna Site Manager TotalEnergies assured Nigerians of product availability at their depots They also promised to carry out 24 hour trucking operations to ensure that the scarcity situation in Lagos was resolved within the next few days NewsSourceCredit NAN
    Petrol: FG insists on N165 pump price, advises against panic buying
     The Federal Government says the fixed pump price of Premium Motor Spirit PMS remains N165 per litre as stipulated in the petroleum product pricing template The government also advised Nigerians against panic buying of PMS also known as petrol saying that the country currently had over 2 billion litres of PMS in various depots This was made known by the Nigerian Midstream and Downstream Petroleum Regulatory Authority the Nigerian National Petroleum Company Ltd and the Pipelines and Product Marketing Company after visiting jetties in Apapa Lagos on Tuesday The depots visited by the top officials of the agencies were NIPCO Depot and TotalEnergies Depot The News Agency of Nigeria reports that the Independent Petroleum Marketers Association of Nigeria IPMAN had on Monday advised its members to adjust the pump price of PMS to a minimum of N180 per litre The marketers had said the move was necessitated by the increment in the ex depot price of PMS by some private depots where they were buying the product from However Mr Ugbugo Ukoha Executive Director Distribution Systems Storage and Retail Infrastructure NMDPRA maintained that petrol was a regulated product and urged marketers to comply with the pricing template Ukoha said the conflict between Russia and Ukraine had led to an increment in the cost of Automotive Gas Oil diesel which was a critical product used in transporting petroleum products from the depots to the retail outlets He said So when we observed that this poses a big challenge in the movement of other products we made the representation to the Minister of State for Petroleum and Mr President graciously approved that the freight rate for trucks be increased There s a N10 addition which we will apply to the different routes to enable trucks to move to docks easily with less burden With these kinds of efforts from government we can only continue to appeal to operators within this industry to play by the rules PMS is a regulated product and the prices are fixed The ex depot price is known The pump price remains N165 and the authority is ever ready to enforce those rules So we will continue to urge Nigerians to keep within these operating rules Ukoha said the focus of the stakeholders in the next few days would be to close the supply gaps and resolve the ongoing scarcity of petrol as soon as possible Also Mr Adetunji Adeyemi Group Executive Director Downstream NNPC Ltd said the purpose of the visit to the depots was to get first hand information on the challenges responsible for the current scarcity Adeyemi said despite the challenges globally in terms of the supply chain NNPC had continued to provide petroleum products specifically PMS to Nigerians Today we have about 2 billion litres of PMS in country which is about 34 days sufficiency So there is sufficient petrol in the country We are working with the entire stakeholders and players in the downstream sector to ensure that this product gets to the distribution channels and also the stations We want Nigerians to continue to enjoy free flow of petroleum products he said Mr Isiyaku Abdullahi Managing Director PPMC said the company had been supporting transporters and marketers with diesel in form of palliative to ensure the smooth distribution of PMS and ameliorate the suffering of Nigerians Abdullahi said three vessels carrying about 60 metric tons of PMS were currently discharging at the Apapa jetty which would be further transported to Lagos and other parts of the country to restore normalcy On their parts Mr Suresh Kumar Managing Director NIPCO and Mr Ernest Umunna Site Manager TotalEnergies assured Nigerians of product availability at their depots They also promised to carry out 24 hour trucking operations to ensure that the scarcity situation in Lagos was resolved within the next few days NewsSourceCredit NAN
    Petrol: FG insists on N165 pump price, advises against panic buying
    General news3 months ago

    Petrol: FG insists on N165 pump price, advises against panic buying

    The Federal Government says the fixed pump price of Premium Motor Spirit (PMS) remains N165 per litre as stipulated in the petroleum product pricing template.

    The government also advised Nigerians against panic buying of PMS, also known as petrol, saying that the country currently had over 2 billion litres of PMS in various depots.

    This was made known by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the Nigerian National Petroleum Company Ltd., and the Pipelines and Product Marketing Company after visiting jetties in Apapa, Lagos, on Tuesday.

    The depots visited by the top officials of the agencies were NIPCO Depot and TotalEnergies Depot.

    The News Agency of Nigeria reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) had on Monday advised its members to adjust the pump price of PMS to a minimum of N180 per litre.

    The marketers had said the move was necessitated by the increment in the ex-depot price of PMS by some private depots where they were buying the product from.

    However, Mr Ugbugo Ukoha, Executive Director, Distribution Systems, Storage and Retail Infrastructure (NMDPRA) maintained that petrol was a regulated product and urged marketers to comply with the pricing template.

    Ukoha said the conflict between Russia and Ukraine had led to an increment in the cost of Automotive Gas Oil (diesel), which was a critical product used in transporting petroleum products from the depots to the retail outlets.

    He said: “So, when we observed that this poses a big challenge in the movement of other products, we made the representation to the Minister of State for Petroleum and Mr President graciously approved that the freight rate for trucks be increased.

    “There’s a N10 addition, which we will apply to the different routes to enable trucks to move to docks easily with less burden.

    “With these kinds of efforts from government, we can only continue to appeal to operators within this industry to play by the rules.

    “PMS is a regulated product and the prices are fixed. The ex-depot price is known. The pump price remains N165 and the authority is ever ready to enforce those rules.

    “So, we will continue to urge Nigerians to keep within these operating rules.”

    Ukoha said the focus of the stakeholders in the next few days would be to close the supply gaps and resolve the ongoing scarcity of petrol as soon as possible.

    Also, Mr Adetunji Adeyemi, Group Executive Director, Downstream, NNPC Ltd., said the purpose of the visit to the depots was to get first hand information on the challenges responsible for the current scarcity.

    Adeyemi said despite the challenges globally in terms of the supply chain, NNPC had continued to provide petroleum products, specifically PMS to Nigerians.

    “Today we have about 2 billion litres of PMS in-country, which is about 34 days sufficiency. So, there is sufficient petrol in the country.

    “We are working with the entire stakeholders and players in the downstream sector to ensure that this product gets to the distribution channels and also the stations.

    “We want Nigerians to continue to enjoy free flow of petroleum products,” he said.

    Mr Isiyaku Abdullahi, Managing Director, PPMC, said the company had been supporting transporters and marketers with diesel in form of palliative to ensure the smooth distribution of PMS and ameliorate the suffering of Nigerians.

    Abdullahi said three vessels carrying about 60 metric tons of PMS were currently discharging at the Apapa jetty, which would be further transported to Lagos and other parts of the country to restore normalcy.

    On their parts, Mr Suresh Kumar, Managing Director, NIPCO and Mr Ernest Umunna, Site Manager, TotalEnergies, assured Nigerians of product availability at their depots.

    They also promised to carry out 24-hour trucking operations to ensure that the scarcity situation in Lagos was resolved within the next few days. (

    NewsSourceCredit: NAN

  •   Nigerian National Petroleum Corporation Limited NNPC says it is distributing one billion liters of Premium Motor Spirit PMS known as gasoline in its stocks to various filling stations across the country The NNPC also noted that 2 3 billion liters of PMS would arrive in Nigeria between now and February to address the current situation and restore sufficiency Mr Adetunji Adeyemi Group Executive Director Downstream NNPC revealed this on Tuesday in Abuja while briefing reporters Adeyemi said this would address the situation and restore the level of sufficiency above the 30 day national target NNPC tankers loading product into a fuel depotHe said the NNPC understood the current fuel supply disruptions in many parts of the country caused by shipments of PMS laced with methanol As of today NNPC has one billion liters of gasoline in stock and the gasoline that is dispensed today at various service stations in the country is safe In order to speed up the distribution of PMS throughout the country NNPC has begun to operate in its Warehouses and Points of Sale he said Spiked Fuel Calling for NNPC Resignation NMDPRA Bosses Groundless Group Similarly he noted that the Nigerian Petroleum Traders Association the Nigerian Petroleum Products Traders and Tank Owners Association and the Nigerian Independent Petroleum Traders Association have started 24 hour loading and distribution activities in some of their designated outlets He added that the NNPC has constituted a monitoring team with the support of the Nigerian Midstream and Downstream Petroleum Authority NMDPRA and other security agencies to ensure a smooth distribution of PMS throughout the country NNPC implores Nigerians to avoid panic buying and assures that ongoing efforts will continue to restore normalcy within a few days
    NNPC distributes 1bn litres of fuel nationwide
      Nigerian National Petroleum Corporation Limited NNPC says it is distributing one billion liters of Premium Motor Spirit PMS known as gasoline in its stocks to various filling stations across the country The NNPC also noted that 2 3 billion liters of PMS would arrive in Nigeria between now and February to address the current situation and restore sufficiency Mr Adetunji Adeyemi Group Executive Director Downstream NNPC revealed this on Tuesday in Abuja while briefing reporters Adeyemi said this would address the situation and restore the level of sufficiency above the 30 day national target NNPC tankers loading product into a fuel depotHe said the NNPC understood the current fuel supply disruptions in many parts of the country caused by shipments of PMS laced with methanol As of today NNPC has one billion liters of gasoline in stock and the gasoline that is dispensed today at various service stations in the country is safe In order to speed up the distribution of PMS throughout the country NNPC has begun to operate in its Warehouses and Points of Sale he said Spiked Fuel Calling for NNPC Resignation NMDPRA Bosses Groundless Group Similarly he noted that the Nigerian Petroleum Traders Association the Nigerian Petroleum Products Traders and Tank Owners Association and the Nigerian Independent Petroleum Traders Association have started 24 hour loading and distribution activities in some of their designated outlets He added that the NNPC has constituted a monitoring team with the support of the Nigerian Midstream and Downstream Petroleum Authority NMDPRA and other security agencies to ensure a smooth distribution of PMS throughout the country NNPC implores Nigerians to avoid panic buying and assures that ongoing efforts will continue to restore normalcy within a few days
    NNPC distributes 1bn litres of fuel nationwide
    General news7 months ago

    NNPC distributes 1bn litres of fuel nationwide

    Nigerian National Petroleum Corporation Limited (NNPC) says it is distributing one billion liters of Premium Motor Spirit (PMS), known as gasoline, in its stocks to various filling stations across the country.

    The NNPC also noted that 2.3 billion liters of PMS would arrive in Nigeria between now and February to address the current situation and restore sufficiency.

    Mr. Adetunji Adeyemi, Group Executive Director, Downstream, NNPC revealed this on Tuesday in Abuja while briefing reporters.

    Adeyemi said this would address the situation and restore the level of sufficiency above the 30-day national target.

    NNPC tankers loading product into a fuel depot

    He said the NNPC understood the current fuel supply disruptions in many parts of the country caused by shipments of PMS laced with methanol.

    “As of today, NNPC has one billion liters of gasoline in stock and the gasoline that is dispensed today at various service stations in the country is safe.

    "In order to speed up the distribution of PMS throughout the country, NNPC has begun to operate in its Warehouses and Points of Sale," he said.

    Spiked Fuel: Calling for NNPC Resignation, NMDPRA Bosses Groundless – Group

    Similarly, he noted that the Nigerian Petroleum Traders Association, the Nigerian Petroleum Products Traders and Tank Owners Association and the Nigerian Independent Petroleum Traders Association have started 24-hour loading and distribution activities in some of their designated outlets.

    He added that the NNPC has constituted a monitoring team with the support of the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA) and other security agencies to ensure a smooth distribution of PMS throughout the country.

    “NNPC implores Nigerians to avoid panic buying and assures that ongoing efforts will continue to restore normalcy within a few days.