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  •  An analysis by Solomon Asowata of the News Agency of Nigeria A cardinal goal of the federal government is to transform the Nigerian economy into a gas powered economy by 2030 Ancillary to that is the hope to align the country with the global push for transition to cleaner sources of energy To achieve that lofty goal the federal government adopted gas as the vehicle for its energy transition journey declaring January 2021 to December 2030 as the Decade of Gas Initiative No doubt the country is blessed with abundant gas resources 208 62 trillion cubic feet TCF of proven gas reserves valued at over 803 9 trillion dollars and potential upside of 600TCF of gas This has fueled the overarching objective of the federal government to utilise the nation s abundant gas resources for socio economic growth and development In order to actualise this objective it is imperative for the government to leverage the achievements of the Nigerian LNG Company Ltd in the global Liquefied Natural Gas LNG space Indeed experts believe that NLNG which marked its 33rd anniversary on May 17 has shown by its developmental strides that the objective is achievable Apart from deepening domestic gas utilisation the NLNG is said to have contributed significantly to the country financially According to information on the company s website it has so far contributed 100 billion dollars to the federal government s coffers and 6 5 billion dollars in taxes since it started operations It also paid 13 billion dollars to the Nigerian National Petroleum Company NNPC Ltd for feed gas purchase and 16 billion dollars in dividends to the federal government Acknowledging these achievements the Federal Inland Revenue Service in a statement signed by its Executive Chairman Mr Muhammad Nami on May 16 recognised the NLNG as the Most Supportive Tax Payer in the country Prompted by this accolade Dr Muda Yusuf Chief Executive Officer Centre for the Promotion of Private Enterprise told the News Agency of Nigeria that the NLNG model should be adopted by the government in other public private partnership arrangements The NLNG model has worked very well It might not be perfect but of all the public private partnership arrangements that we have had the NLNG model seems to be the best so far The beauty of it is that there is practically no interference or very minimum interference in the management of the place So there is professionalism in the management in the allocation of resources in the recruitment and that has resulted in high level of performance he said Similarly Mr Nuhu Yakubu President Nigeria Liquefied Petroleum Gas Association NLPGA and Managing Director Banner Energy said the NLNG was a pride to all Nigerians Not only has the NLNG project endured for 33 years but it is a trail blazer for other similar projects that the Federal Government of Nigeria should mirror in the way NLNG is being administered and managed Aside the huge revenue being generated from the NLNG for the Nigerian government the company has brought human capital development to bear Yakubu said He said Nigerians working in NLNG were thorough professionals who were capable of competing with their peers globally Yakubu said the impact being made by the NLNG to deepen domestic gas utilisation in Nigeria could not be overemphasised NLNG has gradually progressed from a 150 000MT intervention to the domestic LPG market to 250 000MT to N350 000MT and now to 450 000MT which is maxing out their entire domestic LPG production to the Nigerian market It is unprecedented and it means NLNG is meeting the yearnings of Nigerians It is gauging the pulse of Nigerians and responding to it and we wish other corporations of that magnitude can do the same thing We will be able to close the energy gap that we have in Nigeria because we have pervasive domestic energy poverty and need lot of interventions to address the issue so that at least every home in Nigeria will have access to gas The NLNG intervention in the domestic market has catalysed growth and development in infrastructure on the supply side From 2007 when the NLNG intervention started we had only one terminal in Apapa Lagos owned by the Pipelines Products Marketing Company Today we have many privately owned coastal terminals across the country and there is also a lot of capital flow for infrastructure development because of the confidence brought in by NLNG he said However Mr Michael Umudu National Chairman the Liquefied Petroleum Gas Retailers LPGAR branch of National Union of Petroleum and Natural Gas Workers NUPENG said NLNG needed to do more to ensure supply of LPG in the domestic market Umudu said the total amount allocated to the domestic market was insufficient as about 60 per cent of LPG being consumed in Nigeria was imported Mr Philip Mshelbila Chief Executive Officer NLNG said the NLNG had for the past 33 years vigorously pursued its vision of being a globally competitive LNG company helping to build a better Nigeria Our company has touched lives in significant areas such as economic empowerment health education infrastructure development and sustainable community development Over the years it harnessed natural gas that would have otherwise been flared thereby contributing immensely to a cleaner environment And by delivering 100 per cent of its LPG production into the domestic market it helps Nigerians transition to cleaner cooking fuels Also Mrs Sophia Horsfall Manager Corporate Communications and Public Affairs NLNG said the ongoing Train 7 project would help the company increase its allocation to the domestic market She said the project was expected to ramp up NLNG s production capacity by 35 per cent from 22mtpa to around 30mtpa Horsfall noted that the project would form part of the investment of over 10 billion dollars including the upstream scope of the LNG value chain thereby increasing dividends and taxes accruing to the government Incorporated as a Limited Liability company on May 17 1989 the NLNG was set up to harness Nigeria s vast natural gas resources and produce Liquefied Natural Gas LNG and Natural Gas Liquids NGLs for export The establishment of NLNG is backed by the Nigeria LNG Fiscal Incentives Guarantees and Assurances Act Cap N87 Laws of Federation of Nigeria 2004 The law amongst other things provides for the guarantees and assurances by the federal government to the company and its shareholders The NLNG is an incorporated Joint Venture owned by four shareholders the federal government represented by NNPC Ltd 49 per cent Shell Gas B V 25 6 per cent Total Gaz Electricite Holdings France 15 per cent and Eni International N A N V S r l 10 4 per cent Today NLNG has a total production capacity of 22 Million Tons Per Annum MTPA of LNG and 5mtpa of Natural Gas Liquids NGLs from its six train plant complex The company has 16 long term Sale and Purchase Agreements SPAs with 10 buyers and controls about six per cent of global LNG trade By the strides of NLNG in its 33 years of existence and the groundswell of goodwill many Nigerians and experts believe that the company has the wherewithal to lead Nigeria s march towards a gas powered economy NAN
    NLNG leads stride to gas-powered economy
     An analysis by Solomon Asowata of the News Agency of Nigeria A cardinal goal of the federal government is to transform the Nigerian economy into a gas powered economy by 2030 Ancillary to that is the hope to align the country with the global push for transition to cleaner sources of energy To achieve that lofty goal the federal government adopted gas as the vehicle for its energy transition journey declaring January 2021 to December 2030 as the Decade of Gas Initiative No doubt the country is blessed with abundant gas resources 208 62 trillion cubic feet TCF of proven gas reserves valued at over 803 9 trillion dollars and potential upside of 600TCF of gas This has fueled the overarching objective of the federal government to utilise the nation s abundant gas resources for socio economic growth and development In order to actualise this objective it is imperative for the government to leverage the achievements of the Nigerian LNG Company Ltd in the global Liquefied Natural Gas LNG space Indeed experts believe that NLNG which marked its 33rd anniversary on May 17 has shown by its developmental strides that the objective is achievable Apart from deepening domestic gas utilisation the NLNG is said to have contributed significantly to the country financially According to information on the company s website it has so far contributed 100 billion dollars to the federal government s coffers and 6 5 billion dollars in taxes since it started operations It also paid 13 billion dollars to the Nigerian National Petroleum Company NNPC Ltd for feed gas purchase and 16 billion dollars in dividends to the federal government Acknowledging these achievements the Federal Inland Revenue Service in a statement signed by its Executive Chairman Mr Muhammad Nami on May 16 recognised the NLNG as the Most Supportive Tax Payer in the country Prompted by this accolade Dr Muda Yusuf Chief Executive Officer Centre for the Promotion of Private Enterprise told the News Agency of Nigeria that the NLNG model should be adopted by the government in other public private partnership arrangements The NLNG model has worked very well It might not be perfect but of all the public private partnership arrangements that we have had the NLNG model seems to be the best so far The beauty of it is that there is practically no interference or very minimum interference in the management of the place So there is professionalism in the management in the allocation of resources in the recruitment and that has resulted in high level of performance he said Similarly Mr Nuhu Yakubu President Nigeria Liquefied Petroleum Gas Association NLPGA and Managing Director Banner Energy said the NLNG was a pride to all Nigerians Not only has the NLNG project endured for 33 years but it is a trail blazer for other similar projects that the Federal Government of Nigeria should mirror in the way NLNG is being administered and managed Aside the huge revenue being generated from the NLNG for the Nigerian government the company has brought human capital development to bear Yakubu said He said Nigerians working in NLNG were thorough professionals who were capable of competing with their peers globally Yakubu said the impact being made by the NLNG to deepen domestic gas utilisation in Nigeria could not be overemphasised NLNG has gradually progressed from a 150 000MT intervention to the domestic LPG market to 250 000MT to N350 000MT and now to 450 000MT which is maxing out their entire domestic LPG production to the Nigerian market It is unprecedented and it means NLNG is meeting the yearnings of Nigerians It is gauging the pulse of Nigerians and responding to it and we wish other corporations of that magnitude can do the same thing We will be able to close the energy gap that we have in Nigeria because we have pervasive domestic energy poverty and need lot of interventions to address the issue so that at least every home in Nigeria will have access to gas The NLNG intervention in the domestic market has catalysed growth and development in infrastructure on the supply side From 2007 when the NLNG intervention started we had only one terminal in Apapa Lagos owned by the Pipelines Products Marketing Company Today we have many privately owned coastal terminals across the country and there is also a lot of capital flow for infrastructure development because of the confidence brought in by NLNG he said However Mr Michael Umudu National Chairman the Liquefied Petroleum Gas Retailers LPGAR branch of National Union of Petroleum and Natural Gas Workers NUPENG said NLNG needed to do more to ensure supply of LPG in the domestic market Umudu said the total amount allocated to the domestic market was insufficient as about 60 per cent of LPG being consumed in Nigeria was imported Mr Philip Mshelbila Chief Executive Officer NLNG said the NLNG had for the past 33 years vigorously pursued its vision of being a globally competitive LNG company helping to build a better Nigeria Our company has touched lives in significant areas such as economic empowerment health education infrastructure development and sustainable community development Over the years it harnessed natural gas that would have otherwise been flared thereby contributing immensely to a cleaner environment And by delivering 100 per cent of its LPG production into the domestic market it helps Nigerians transition to cleaner cooking fuels Also Mrs Sophia Horsfall Manager Corporate Communications and Public Affairs NLNG said the ongoing Train 7 project would help the company increase its allocation to the domestic market She said the project was expected to ramp up NLNG s production capacity by 35 per cent from 22mtpa to around 30mtpa Horsfall noted that the project would form part of the investment of over 10 billion dollars including the upstream scope of the LNG value chain thereby increasing dividends and taxes accruing to the government Incorporated as a Limited Liability company on May 17 1989 the NLNG was set up to harness Nigeria s vast natural gas resources and produce Liquefied Natural Gas LNG and Natural Gas Liquids NGLs for export The establishment of NLNG is backed by the Nigeria LNG Fiscal Incentives Guarantees and Assurances Act Cap N87 Laws of Federation of Nigeria 2004 The law amongst other things provides for the guarantees and assurances by the federal government to the company and its shareholders The NLNG is an incorporated Joint Venture owned by four shareholders the federal government represented by NNPC Ltd 49 per cent Shell Gas B V 25 6 per cent Total Gaz Electricite Holdings France 15 per cent and Eni International N A N V S r l 10 4 per cent Today NLNG has a total production capacity of 22 Million Tons Per Annum MTPA of LNG and 5mtpa of Natural Gas Liquids NGLs from its six train plant complex The company has 16 long term Sale and Purchase Agreements SPAs with 10 buyers and controls about six per cent of global LNG trade By the strides of NLNG in its 33 years of existence and the groundswell of goodwill many Nigerians and experts believe that the company has the wherewithal to lead Nigeria s march towards a gas powered economy NAN
    NLNG leads stride to gas-powered economy
    Features5 months ago

    NLNG leads stride to gas-powered economy

    An analysis by Solomon Asowata of the News Agency of Nigeria

    A cardinal goal of the federal government is to transform the Nigerian economy into a gas-powered economy by 2030.

    Ancillary to that is the hope to align the country with the global push for transition to cleaner sources of energy.

    To achieve that lofty goal, the federal government adopted gas as the vehicle for its energy transition journey, declaring January 2021 to December 2030 as the Decade of Gas Initiative.

    No doubt, the country is blessed with abundant gas resources; 208.62 trillion cubic feet (TCF) of proven gas reserves valued at over 803.9 trillion dollars, and potential upside of 600TCF of gas.

    This has fueled the overarching objective of the federal government to utilise the nation’s abundant gas resources for socio-economic growth and development.

    In order to actualise this objective, it is imperative for the government to leverage the achievements of the Nigerian LNG Company Ltd. in the global Liquefied Natural Gas (LNG) space.

    Indeed, experts believe that NLNG, which marked its 33rd anniversary on May 17, has shown by its developmental strides, that the objective is achievable.

    Apart from deepening domestic gas utilisation, the NLNG is said to have contributed significantly to the country financially.

    According to information on the company’s website, it has so far contributed 100 billion dollars to the federal government’s coffers, and 6.5 billion dollars in taxes since it started operations.

    It also paid 13 billion dollars to the Nigerian National Petroleum Company (NNPC) Ltd. for feed-gas purchase, and 16 billion dollars in dividends to the federal government.

    Acknowledging these achievements, the Federal Inland Revenue Service in a statement signed by its Executive Chairman, Mr Muhammad Nami, on May 16, recognised the NLNG as the Most Supportive Tax Payer in the country.

    Prompted by this accolade, Dr Muda Yusuf, Chief Executive Officer, Centre for the Promotion of Private Enterprise, told the News Agency of Nigeria that the NLNG model should be adopted by the government in other public-private-partnership arrangements.

    “The NLNG model has worked very well. It might not be perfect but of all the public private partnership arrangements that we have had, the NLNG model seems to be the best so far.

    “The beauty of it is that there is practically no interference or very minimum interference in the management of the place.

    “So, there is professionalism in the management, in the allocation of resources, in the recruitment and that has resulted in high level of performance,” he said.

    Similarly, Mr Nuhu Yakubu, President, Nigeria Liquefied Petroleum Gas Association (NLPGA) and Managing Director, Banner Energy, said the NLNG was a pride to all Nigerians.

    “Not only has the NLNG project endured for 33 years but it is a trail blazer for other similar projects that the Federal Government of Nigeria should mirror in the way NLNG is being administered and managed.

    “Aside the huge revenue being generated from the NLNG for the Nigerian government, the company has brought human capital development to bear,” Yakubu said.

    He said Nigerians working in NLNG were thorough professionals who were capable of competing with their peers globally.

    Yakubu said the impact being made by the NLNG to deepen domestic gas utilisation in Nigeria could not be overemphasised.

    “NLNG has gradually progressed from a 150,000MT intervention to the domestic LPG market to 250,000MT to N350,000MT and now to 450,000MT, which is maxing out their entire domestic LPG production to the Nigerian market.

    “It is unprecedented and it means NLNG is meeting the yearnings of Nigerians. It is gauging the pulse of Nigerians and responding to it and we wish other corporations of that magnitude can do the same thing.

    “We will be able to close the energy gap that we have in Nigeria because we have pervasive domestic energy poverty and need lot of interventions to address the issue so that at least every home in Nigeria will have access to gas.

    “The NLNG intervention in the domestic market has catalysed growth and development in infrastructure on the supply side.

    “From 2007 when the NLNG intervention started, we had only one terminal in Apapa, Lagos owned by the Pipelines Products Marketing Company.

    “Today we have many privately owned coastal terminals across the country and there is also a lot of capital flow for infrastructure development because of the confidence brought in by NLNG,” he said.

    However, Mr Michael Umudu, National Chairman, the Liquefied Petroleum Gas Retailers (LPGAR), branch of National Union of Petroleum and Natural Gas Workers (NUPENG), said NLNG needed to do more to ensure supply of LPG in the domestic market.

    Umudu said the total amount allocated to the domestic market was insufficient as about 60 per cent of LPG being consumed in Nigeria was imported.

    Mr Philip Mshelbila, Chief Executive Officer, NLNG, said the NLNG had for the past 33 years vigorously pursued its vision of being “a globally competitive LNG company, helping to build a better Nigeria.

    “Our company has touched lives in significant areas such as economic empowerment, health, education, infrastructure development and sustainable community development.

    “Over the years, it harnessed natural gas that would have otherwise been flared, thereby contributing immensely to a cleaner environment.

    “And by delivering 100 per cent of its LPG production into the domestic market, it helps Nigerians transition to cleaner cooking fuels.”

    Also, Mrs Sophia Horsfall, Manager, Corporate Communications and Public Affairs, NLNG, said the ongoing Train 7 project would help the company increase its allocation to the domestic market.

    She said the project was expected to ramp up NLNG’s production capacity by 35 per cent from 22mtpa to around 30mtpa.

    Horsfall noted that the project would form part of the investment of over 10 billion dollars, including the upstream scope of the LNG value chain, thereby increasing dividends and taxes accruing to the government.

    Incorporated as a Limited Liability company on May 17, 1989, the NLNG was set up to harness Nigeria’s vast natural gas resources and produce Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGLs) for export.

    The establishment of NLNG is backed by the Nigeria LNG (Fiscal Incentives, Guarantees and Assurances) Act. Cap N87, Laws of Federation of Nigeria 2004.

    The law, amongst other things, provides for the guarantees and assurances by the federal government to the company and its shareholders.

    The NLNG is an incorporated Joint-Venture owned by four shareholders: the federal government, represented by NNPC Ltd. (49 per cent), Shell Gas B.V. (25.6 per cent), Total Gaz Electricite Holdings France (15 per cent) and Eni International N.A. N. V. S.àr.l (10.4 per cent).

    Today, NLNG has a total production capacity of 22 Million Tons Per Annum (MTPA) of LNG and 5mtpa of Natural Gas Liquids (NGLs) from its six-train plant complex.

    The company has 16 long-term Sale and Purchase Agreements (SPAs) with 10 buyers and controls about six per cent of global LNG trade.

    By the strides of NLNG in its 33 years of existence, and the groundswell of goodwill, many Nigerians, and experts, believe that the company has the wherewithal to lead Nigeria’s march towards a gas-powered economy.

    (NAN)

  •  As part of its Batch 4 Corporate Social Responsibility CSR projects TotalEnergies and partners have inaugurated projects in the states of Borno Benue Kaduna Gombe Delta and Anambra A statement issued on the company s website on Sunday said the projects ranged from fully equipped solar powered science laboratory water treatment plants to solar powered ICT centre and a borehole The statement said that while the Federal Government Girls College Gboko Benue received a fully equipped solar powered science laboratory Nawfia community in Anambra got two solar powered borehole and a water treatment plant It said a fully equipped solar powered ICT centre with mini theatre was handed over to the Federal College of Education Kongo Zaria Kaduna State and the Doma community in Gombe According to the statement the Jere community in Borno also got a solar powered women development and skills acquisition centre It said the centre consist of four training rooms 15 desktop computers 34 sewing machines 400 sitting capacity auditorium 15KVA generator staff quarters catering unit and other facilities Mike Sangster Managing Director TotalEnergies Upstream Companies in Nigeria said the partners included the Nigerian National Petroleum Company Ltd China National Offshore Oil Corporation Prime 130 and Sapetro He said the gesture was in furtherance of its CSR initiative to positively impact lives of its host communities in Nigeria According to him the projects scattered across the country were borne out of the need to mitigate the gaps in qualitative and technical education maternal and child health access to clean water and women and youth empowerment He said The projects are in congruence with the related United Nations Sustainability Development Goals The locations of these projects have also been very carefully chosen for maximum impact coming from a need assessment carried out before the deployment As already mentioned the project we are commissioning today is one of the several projects being deployed across the entire country Unfortunately because of the COVID 19 pandemic we could not be physically present with you today However we have adopted this efficient and effective remote commissioning strategy to ensure delivery of all completed projects As we hand over the project to you today we implore you to ensure its sustainable use to impact on the people positively Mr Bala Wunti Group General Manager National Petroleum Investment Management Services NAPIMS said the projects would mitigate the hardship faced by the locals especially women and children in the area In obtaining clean and portable water He said In NNPC our vision for social intervention is to continue to operate in an ethical and sustainable manner and deal with the environment and social impacts occasioned by our activities We pride ourselves in our slogan We touch your lives in many positive ways hence the approval for the deployment of various CSR projects by our operators across the country for maximum impact NNPC will continue to consistently champion the implementation of Sustainable Community Development projects that will positively impact the lives of the citizens of this country On behalf of the partners Mr Luc Vanson General Manager Prime 130 said the company was proud to be part of such laudable initiative especially because clean water is an essential commodity On behalf of the partners we are proud to identify with the project as we want to make sure that Nigerians have access to quality education clean water and international standard healthcare system he said NAN
    CSR: TotalEnergies, partners inaugurate projects in 6 states
     As part of its Batch 4 Corporate Social Responsibility CSR projects TotalEnergies and partners have inaugurated projects in the states of Borno Benue Kaduna Gombe Delta and Anambra A statement issued on the company s website on Sunday said the projects ranged from fully equipped solar powered science laboratory water treatment plants to solar powered ICT centre and a borehole The statement said that while the Federal Government Girls College Gboko Benue received a fully equipped solar powered science laboratory Nawfia community in Anambra got two solar powered borehole and a water treatment plant It said a fully equipped solar powered ICT centre with mini theatre was handed over to the Federal College of Education Kongo Zaria Kaduna State and the Doma community in Gombe According to the statement the Jere community in Borno also got a solar powered women development and skills acquisition centre It said the centre consist of four training rooms 15 desktop computers 34 sewing machines 400 sitting capacity auditorium 15KVA generator staff quarters catering unit and other facilities Mike Sangster Managing Director TotalEnergies Upstream Companies in Nigeria said the partners included the Nigerian National Petroleum Company Ltd China National Offshore Oil Corporation Prime 130 and Sapetro He said the gesture was in furtherance of its CSR initiative to positively impact lives of its host communities in Nigeria According to him the projects scattered across the country were borne out of the need to mitigate the gaps in qualitative and technical education maternal and child health access to clean water and women and youth empowerment He said The projects are in congruence with the related United Nations Sustainability Development Goals The locations of these projects have also been very carefully chosen for maximum impact coming from a need assessment carried out before the deployment As already mentioned the project we are commissioning today is one of the several projects being deployed across the entire country Unfortunately because of the COVID 19 pandemic we could not be physically present with you today However we have adopted this efficient and effective remote commissioning strategy to ensure delivery of all completed projects As we hand over the project to you today we implore you to ensure its sustainable use to impact on the people positively Mr Bala Wunti Group General Manager National Petroleum Investment Management Services NAPIMS said the projects would mitigate the hardship faced by the locals especially women and children in the area In obtaining clean and portable water He said In NNPC our vision for social intervention is to continue to operate in an ethical and sustainable manner and deal with the environment and social impacts occasioned by our activities We pride ourselves in our slogan We touch your lives in many positive ways hence the approval for the deployment of various CSR projects by our operators across the country for maximum impact NNPC will continue to consistently champion the implementation of Sustainable Community Development projects that will positively impact the lives of the citizens of this country On behalf of the partners Mr Luc Vanson General Manager Prime 130 said the company was proud to be part of such laudable initiative especially because clean water is an essential commodity On behalf of the partners we are proud to identify with the project as we want to make sure that Nigerians have access to quality education clean water and international standard healthcare system he said NAN
    CSR: TotalEnergies, partners inaugurate projects in 6 states
    General news5 months ago

    CSR: TotalEnergies, partners inaugurate projects in 6 states

    As part of its Batch 4 Corporate Social Responsibility (CSR) projects, TotalEnergies and partners have inaugurated projects in the states of Borno, Benue, Kaduna, Gombe, Delta and Anambra.

    A statement issued on the company’s website on Sunday said the projects ranged from fully equipped solar-powered science laboratory, water treatment plants to solar-powered ICT centre and a borehole.

    The statement said that while the Federal Government Girls College, Gboko, Benue,  received a fully equipped solar-powered science laboratory, Nawfia community in Anambra got two solar-powered borehole and a water treatment plant.

    It said a fully equipped solar-powered ICT centre with mini theatre was handed over to the Federal College of Education, Kongo, Zaria, Kaduna State, and the Doma community in Gombe.

    According to the statement, the Jere community in Borno also got a solar-powered women development and skills acquisition centre.

    It said the centre consist of four training rooms, 15 desktop computers, 34 sewing machines, 400 sitting capacity auditorium, 15KVA generator, staff quarters, catering unit and other facilities.

    Mike Sangster, Managing Director, TotalEnergies Upstream Companies in Nigeria, said the partners included the Nigerian National Petroleum Company Ltd, China National Offshore Oil Corporation , Prime 130 and Sapetro.

    He said the gesture was in furtherance of its CSR initiative to positively impact lives of its host communities in Nigeria.

    According to him, the projects scattered across the country, were borne out of the need to mitigate the gaps in qualitative and technical education, maternal and child health, access to clean water and women and youth empowerment.

    He said: “The projects are in congruence with the related United Nations Sustainability Development Goals.

    “The locations of these projects have also been very carefully chosen for maximum impact, coming from a need assessment carried out before the deployment.

    “As already mentioned, the project we are commissioning today is one of the several projects being deployed across the entire country.

    “Unfortunately, because of the COVID-19 pandemic, we could not be physically present with you today.

    “ However, we have adopted this efficient and effective remote commissioning strategy to ensure delivery of all completed projects.

    “As we hand over the project to you today, we implore you to ensure its sustainable use to impact on the people positively.”

    Mr Bala Wunti, Group General Manager, National Petroleum Investment Management Services (NAPIMS), said the projects would mitigate the hardship faced by the locals especially women and children in the area In obtaining clean and portable water.

    He said: “In NNPC, our vision for social intervention is to continue to operate in an ethical and sustainable manner and deal with the environment and social impacts occasioned by our activities.

    “ We pride ourselves in our slogan `We touch your lives in many positive ways’, hence the approval for the deployment of various CSR projects by our operators across the country for maximum impact.”

    “NNPC will continue to consistently champion the implementation of Sustainable Community Development projects that will positively impact the lives of the citizens of this country.”

    On behalf of the partners, Mr Luc Vanson, General Manager, Prime 130, said the company was proud to be part of such laudable initiative especially because clean water is an essential commodity.

    “On behalf of the partners, we are proud to identify with the project as we want to make sure that Nigerians have access to quality education, clean water, and international standard healthcare system,” he said.

    (NAN)

  •  An indigenous Engineering Procurement and Contract EPC company Oilserv Ltd says it plans to bid for all moribund Nigerian National Petroleum Company Ltd NNPC pipeline distribution systems to ease products distribution chain Mr Emeka Okwuosa Group Chairman Oilserv Ltd told the News Agency of Nigeria on the sidelines of the just concluded Offshore Technology Conference OTC in Houston Texas U S He said that Frazimex Engineering Ltd a subsidiary of Oilserv had submitted a tender to NNPC in this regard NAN reports that Oilserv Group is the company handling the 2 8 billion Ajaokuta Kaduna Kano gas pipeline project As we speak today one of our companies is working closely with NNPC There is a tender going on on how to correct the moribund distribution systems for petroleum products distribution We see them all over Nigeria They are not functional But we want to buy them over rebuild them and make energy available instead of having people transport petrol and diesel from Port Harcourt to Makurdi for example Does it make any sense There is a pipeline built many years ago but really it is not there anymore because it has been damaged and not maintained We are also addressing that We ve also gone into renewables he said Okwuosa said that the company was working to build gas networks built locally and then operate That means that we are already trying to address the issue of energy availability within our group he said On agriculture Okwuosa said that one of the Oilserv subsidiaries Ekcel Farms Ltd was involved in agriculture and products processing He said We have our primary feeds cassava and tomato We are trying to develop cassava at the moment Part of the reasons for this is not to only provide for the teeming population of Nigeria but also provide products or feeds that can be used in pharmaceuticals in the other food industries What that means is that it helps us to balance our footprints in the energy industry because one of the aspects of our foray into agriculture is to be able to generate power that we use from agriculture by using biomass and biogas taking the waste and then converting it to energy That again helps us to address our carbon footprints as a country Having said that if you look at the energy sector around the world particularly oil and gas you will see a lot of discussions going on he said On energy transition strategy the Oilserv boss said the company has a clear energy transition strategy Apart from developing it we sensitise people about it and review it regularly We ve also gone into renewables We are not at this point developed in renewables But we have a partnership with a German company to address the renewables solar or whatever We are more concerned about how we can utilise the principle of both green and blue hydrogen We want to be able to generate power without having to damage the environment So we are already moving into that sector But going into the new phase of energy delivery takes a lot of time to plan a lot of investments And like I said if you look at Nigeria we also have some issues he said Okwuosa said most of the countries in the world that have developed and still developing have frameworks to encourage these developments By way of tax rebate addressing price issues to make sure that entry points in terms of costs for these alternatives will not be too high Unfortunately we don t see any articulated situation like that in Nigeria What that means is that there is really no encouragement for any investor to come into that as a business because he cannot compete today in terms of pricing with fossil fuels But we cannot give up it s about engaging the government it s about pushing because we have no choice If we don t the train will keep moving and we ll get to a point where our oil is there but we cannot produce It is our duty as a country to make sure we can refine the crude oil we use We can do that Nigeria s utilisation is high enough to actually absorb about a third of our production he said Bridging infrastructure deficit Okwuosa said that the Federal Government had done quite a lot of things for which it has not been given credit When President Muhammadu Buhari came into power the AKK pipeline was already under discussion since 2009 it was never moved anywhere But within three months of coming into power Buhari brought the issue up and said it must be done Buhari government gives us the support to navigate that process especially the funding The government has been determined to ensure the Nigeria Gas Master Plan is fully executed because of its impact That is why we are talking about the pipeline to Ajaokuta which is the last interlink So I give them credit for that There are quite a number of programmes the NNPC has initiated like the seven gas programmes we have The Train 7 NLNG is ongoing as we speak A lot has happened That is why I keep saying that gas is the mainstay of our transition If we get gas right it would be easier for us to transition into renewables The Nigerian government has done a lot But as a developing country you know we are struggling with so many things for now It is about focusing on what matters the most The government has done a lot but there is room for more It needs to make it possible that there is an enabling environment for investors who are interested in the renewables he said NAN
    Oilserv targets takeover of moribund NNPC pipelines
     An indigenous Engineering Procurement and Contract EPC company Oilserv Ltd says it plans to bid for all moribund Nigerian National Petroleum Company Ltd NNPC pipeline distribution systems to ease products distribution chain Mr Emeka Okwuosa Group Chairman Oilserv Ltd told the News Agency of Nigeria on the sidelines of the just concluded Offshore Technology Conference OTC in Houston Texas U S He said that Frazimex Engineering Ltd a subsidiary of Oilserv had submitted a tender to NNPC in this regard NAN reports that Oilserv Group is the company handling the 2 8 billion Ajaokuta Kaduna Kano gas pipeline project As we speak today one of our companies is working closely with NNPC There is a tender going on on how to correct the moribund distribution systems for petroleum products distribution We see them all over Nigeria They are not functional But we want to buy them over rebuild them and make energy available instead of having people transport petrol and diesel from Port Harcourt to Makurdi for example Does it make any sense There is a pipeline built many years ago but really it is not there anymore because it has been damaged and not maintained We are also addressing that We ve also gone into renewables he said Okwuosa said that the company was working to build gas networks built locally and then operate That means that we are already trying to address the issue of energy availability within our group he said On agriculture Okwuosa said that one of the Oilserv subsidiaries Ekcel Farms Ltd was involved in agriculture and products processing He said We have our primary feeds cassava and tomato We are trying to develop cassava at the moment Part of the reasons for this is not to only provide for the teeming population of Nigeria but also provide products or feeds that can be used in pharmaceuticals in the other food industries What that means is that it helps us to balance our footprints in the energy industry because one of the aspects of our foray into agriculture is to be able to generate power that we use from agriculture by using biomass and biogas taking the waste and then converting it to energy That again helps us to address our carbon footprints as a country Having said that if you look at the energy sector around the world particularly oil and gas you will see a lot of discussions going on he said On energy transition strategy the Oilserv boss said the company has a clear energy transition strategy Apart from developing it we sensitise people about it and review it regularly We ve also gone into renewables We are not at this point developed in renewables But we have a partnership with a German company to address the renewables solar or whatever We are more concerned about how we can utilise the principle of both green and blue hydrogen We want to be able to generate power without having to damage the environment So we are already moving into that sector But going into the new phase of energy delivery takes a lot of time to plan a lot of investments And like I said if you look at Nigeria we also have some issues he said Okwuosa said most of the countries in the world that have developed and still developing have frameworks to encourage these developments By way of tax rebate addressing price issues to make sure that entry points in terms of costs for these alternatives will not be too high Unfortunately we don t see any articulated situation like that in Nigeria What that means is that there is really no encouragement for any investor to come into that as a business because he cannot compete today in terms of pricing with fossil fuels But we cannot give up it s about engaging the government it s about pushing because we have no choice If we don t the train will keep moving and we ll get to a point where our oil is there but we cannot produce It is our duty as a country to make sure we can refine the crude oil we use We can do that Nigeria s utilisation is high enough to actually absorb about a third of our production he said Bridging infrastructure deficit Okwuosa said that the Federal Government had done quite a lot of things for which it has not been given credit When President Muhammadu Buhari came into power the AKK pipeline was already under discussion since 2009 it was never moved anywhere But within three months of coming into power Buhari brought the issue up and said it must be done Buhari government gives us the support to navigate that process especially the funding The government has been determined to ensure the Nigeria Gas Master Plan is fully executed because of its impact That is why we are talking about the pipeline to Ajaokuta which is the last interlink So I give them credit for that There are quite a number of programmes the NNPC has initiated like the seven gas programmes we have The Train 7 NLNG is ongoing as we speak A lot has happened That is why I keep saying that gas is the mainstay of our transition If we get gas right it would be easier for us to transition into renewables The Nigerian government has done a lot But as a developing country you know we are struggling with so many things for now It is about focusing on what matters the most The government has done a lot but there is room for more It needs to make it possible that there is an enabling environment for investors who are interested in the renewables he said NAN
    Oilserv targets takeover of moribund NNPC pipelines
    General news5 months ago

    Oilserv targets takeover of moribund NNPC pipelines

    An indigenous Engineering Procurement and Contract (EPC) company, Oilserv Ltd., says it plans to bid for all moribund Nigerian National Petroleum Company Ltd. (NNPC) pipeline distribution systems to ease products distribution chain.

    Mr Emeka Okwuosa, Group Chairman, Oilserv Ltd., told the News Agency of Nigeria on the sidelines of the just concluded Offshore Technology Conference (OTC) in Houston, Texas, U.S.

    He said that Frazimex Engineering Ltd., a subsidiary of Oilserv, had submitted a tender to NNPC in this regard.

    NAN reports that Oilserv Group is the company handling the $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline project.

    “As we speak today, one of our companies is working closely with NNPC.

    “There is a tender going on on how to correct the moribund distribution systems for petroleum products distribution. We see them all over Nigeria. They are not functional.

    “But we want to buy them over, rebuild them and make energy available, instead of having people transport petrol and diesel from Port Harcourt to Makurdi, for example. Does it make any sense?

    “There is a pipeline built many years ago but, really, it is not there anymore because it has been damaged and not maintained. We are also addressing that. We’ve also gone into renewables,” he said.

    Okwuosa said that the company was working to build gas networks, built locally, and then operate.

    “That means that we are already trying to address the issue of energy availability within our group,” he said.

    On agriculture, Okwuosa, said that one of the Oilserv subsidiaries, Ekcel Farms Ltd. was involved in agriculture and products processing.

    He said: “We have our primary feeds – cassava and tomato. We are trying to develop cassava at the moment.

    “Part of the reasons for this is not to only provide for the teeming population of Nigeria but also provide products or feeds that can be used in pharmaceuticals, in the other food industries.

    “What that means is that it helps us to balance our footprints in the energy industry because one of the aspects of our foray into agriculture is to be able to generate power that we use from agriculture by using biomass and biogas, taking the waste and then converting it to energy.

    “That again helps us to address our carbon footprints as a country.

    “Having said that, if you look at the energy sector around the world, particularly oil and gas, you will see a lot of discussions going on,” he said.

    On energy transition strategy, the Oilserv boss said the company has a clear energy transition strategy.

    “Apart from developing it, we sensitise people about it and review it regularly.

    “We’ve also gone into renewables. We are not, at this point, developed in renewables. But we have a partnership with a German company to address the renewables, solar or whatever.

    “We are more concerned about how we can utilise the principle of both green and blue hydrogen.

    “We want to be able to generate power without having to damage the environment. So, we are already moving into that sector.

    “But going into the new phase of energy delivery takes a lot of time to plan, a lot of investments. And like I said, if you look at Nigeria, we also have some issues,” he said.

    Okwuosa said most of the countries in the world that have developed and still developing have frameworks to encourage these developments.

    “By way of tax rebate, addressing price issues to make sure that entry points, in terms of costs for these alternatives, will not be too high.

    “Unfortunately, we don’t see any articulated situation like that in Nigeria. What that means is that there is really no encouragement for any investor to come into that as a business because he cannot compete today in terms of pricing with fossil fuels.

    “But we cannot give up, it’s about engaging the government, it’s about pushing because we have no choice. If we don’t, the train will keep moving and we’ll get to a point where our oil is there but we cannot produce.

    “It is our duty as a country to make sure we can refine the crude oil we use. We can do that. Nigeria’s utilisation is high enough to actually absorb about a third of our production ” he said.

    Bridging infrastructure deficit, Okwuosa, said that the Federal Government had done quite a lot of things for which it has not been given credit.

    “When President Muhammadu Buhari came into power, the AKK pipeline was already under discussion since 2009, it was never moved anywhere.

    “But within three months of coming into power, Buhari brought the issue up and said it must be done.

    “Buhari government gives us the support to navigate that process, especially the funding. The government has been determined to ensure the Nigeria Gas Master Plan is fully executed because of its impact.

    “That is why we are talking about the pipeline to Ajaokuta, which is the last interlink. So, I give them credit for that.

    “There are quite a number of programmes the NNPC has initiated, like the seven gas programmes we have. The Train 7 NLNG is ongoing as we speak.

    “A lot has happened. That is why I keep saying that gas is the mainstay of our transition. If we get gas right, it would be easier for us to transition into renewables.

    “The Nigerian government has done a lot. But, as a developing country, you know we are struggling with so many things for now.

    “It is about focusing on what matters the most. The government has done a lot, but there is room for more. It needs to make it possible that there is an enabling environment for investors who are interested in the renewables,” he said.

    (NAN)

  •  The Independent Petroleum Marketers Association of Nigeria IPMAN has urged the Federal Government to pay marketers their bridging claims to enable them to begin lifting petroleum products from the depots The IPMAN Public Relations Officer Alhaji Yakubu Suleiman said this in a telephone interview with the News Agency of Nigeria in Abuja on Tuesday NAN reports that IPMAN claims the Federal Government owes its members N500 billion as bridging claims also known as transportation claims Suleiman also urged the Nigeria National Petroleum Corporation NNPC to convert the special allocation of products meant for cargo to IPMAN in order to quickly address the current shortage of fuel in the country We are calling on the Nigeria downstream and mainstream regulatory authorities to try and pay our marketers their bridging claims as from today This is important so that as soon as we get the payment we can give directives to marketers to start loading their trucks so that they can start transporting petroleum products We are calling on the authorities and the NNPC to quickly allocate a certain cargo of AGO for IPMAN to distribute it to their members to enable them fuel their trucks for accelerated bridging loading There is no money to buy the product until the Federal Government pays our claims and assist in allocating a cargo of AGO to us to hasten loading from various loading deports Suleiman said Reacting to the claims by IPMAN an official of the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA who spoke under condition of anonymity said the Federal Government had been paying the marketers though in batches According to the official IPMAN is one of our key stakeholders and we have a committee looking into issues bothering the association NAN also recalls that IPMAN had in a news conference held recently urged Nigerians to prepare for the worse fuel crisis unless the Federal Government prevails on NMDPRA to pay its members their outstanding bridging claims amounting to N500 billion Most filling stations in Abuja were shut down at the weekend following scarcity of Premium Motor Spirit PMS popularly known as petrol thereby resulting to long queues The Nigerian National Petroleum Company Limited NNPC Ltd however attributed the sudden appearance of fuel queues in parts of Abuja to low load outs at depots A statement by Garba Muhammad the Group General Manager Group Public Affairs Department NNPC had on Monday said this usually happened during long public holidays Sallah celebrations Muhammad said another contributing factor to the sudden appearances of queues was the increased fuel purchases which were also common with returning residents of the FCT from the public holidays NAN
    Fuel scarcity: IPMAN urges FG to pay marketers bridging claims
     The Independent Petroleum Marketers Association of Nigeria IPMAN has urged the Federal Government to pay marketers their bridging claims to enable them to begin lifting petroleum products from the depots The IPMAN Public Relations Officer Alhaji Yakubu Suleiman said this in a telephone interview with the News Agency of Nigeria in Abuja on Tuesday NAN reports that IPMAN claims the Federal Government owes its members N500 billion as bridging claims also known as transportation claims Suleiman also urged the Nigeria National Petroleum Corporation NNPC to convert the special allocation of products meant for cargo to IPMAN in order to quickly address the current shortage of fuel in the country We are calling on the Nigeria downstream and mainstream regulatory authorities to try and pay our marketers their bridging claims as from today This is important so that as soon as we get the payment we can give directives to marketers to start loading their trucks so that they can start transporting petroleum products We are calling on the authorities and the NNPC to quickly allocate a certain cargo of AGO for IPMAN to distribute it to their members to enable them fuel their trucks for accelerated bridging loading There is no money to buy the product until the Federal Government pays our claims and assist in allocating a cargo of AGO to us to hasten loading from various loading deports Suleiman said Reacting to the claims by IPMAN an official of the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA who spoke under condition of anonymity said the Federal Government had been paying the marketers though in batches According to the official IPMAN is one of our key stakeholders and we have a committee looking into issues bothering the association NAN also recalls that IPMAN had in a news conference held recently urged Nigerians to prepare for the worse fuel crisis unless the Federal Government prevails on NMDPRA to pay its members their outstanding bridging claims amounting to N500 billion Most filling stations in Abuja were shut down at the weekend following scarcity of Premium Motor Spirit PMS popularly known as petrol thereby resulting to long queues The Nigerian National Petroleum Company Limited NNPC Ltd however attributed the sudden appearance of fuel queues in parts of Abuja to low load outs at depots A statement by Garba Muhammad the Group General Manager Group Public Affairs Department NNPC had on Monday said this usually happened during long public holidays Sallah celebrations Muhammad said another contributing factor to the sudden appearances of queues was the increased fuel purchases which were also common with returning residents of the FCT from the public holidays NAN
    Fuel scarcity: IPMAN urges FG to pay marketers bridging claims
    Economy5 months ago

    Fuel scarcity: IPMAN urges FG to pay marketers bridging claims

    The Independent Petroleum Marketers Association of Nigeria (IPMAN), has urged the Federal Government to pay marketers their bridging claims to enable them to begin lifting petroleum products from the depots..

    The IPMAN Public Relations Officer, Alhaji Yakubu Suleiman said this in a telephone interview with the News Agency of Nigeria in Abuja on Tuesday.

    NAN reports that IPMAN claims the Federal Government owes its members N500 billion as bridging claims also known as transportation claims.

    Suleiman also urged the Nigeria National Petroleum Corporation (NNPC) to convert the special allocation of products meant for cargo to IPMAN in order to quickly address the current shortage of fuel in the country.

    “We are calling on the Nigeria downstream and mainstream regulatory authorities to try and pay our marketers their bridging claims as from today.

    “This is important, so that as soon as we get the payment, we can give directives to marketers to start loading their trucks, so that they can start transporting petroleum products.

    “We are calling on the authorities and the NNPC to quickly allocate a certain cargo of AGO for IPMAN to distribute it to their members to enable them fuel their trucks for accelerated bridging loading.

    “There is no money to buy the product until the Federal Government pays our claims and assist in allocating a cargo of AGO to us to hasten loading from various loading deports,” Suleiman said.

    Reacting to the claims by IPMAN, an official of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) who spoke under condition of anonymity said the Federal Government had been paying the marketers, though in batches.

    According to the official, IPMAN is one of our key stakeholders and we have a committee looking into issues bothering the association.

    NAN also recalls that IPMAN had in a news conference held recently urged Nigerians to prepare for the worse fuel crisis unless the Federal Government prevails on NMDPRA to pay its members their outstanding bridging claims amounting to N500 billion.

    Most filling stations in Abuja were shut down at the weekend following scarcity of Premium Motor Spirit (PMS), popularly known as petrol, thereby, resulting to long queues.

    The Nigerian National Petroleum Company Limited (NNPC Ltd.), however, attributed the sudden appearance of fuel queues in parts of Abuja to low load-outs at depots.

    A statement by Garba Muhammad, the Group General Manager, Group Public Affairs Department, NNPC had on Monday, said this usually happened during long public holidays (Sallah celebrations).

    Muhammad said another contributing factor to the sudden appearances of queues was the increased fuel purchases which were also common with returning residents of the FCT from the public holidays.

    (NAN)

  •  The Major Oil Marketers Association of Nigeria MOMAN has debunked claims that Aviation Turbine Kerosene ATK also known as aviation fuel was being sold at N700 per litre in some parts of the country Mr Clement Isong Executive Secretary MOMAN made this known in an interview with the News Agency of Nigeria on Monday in Lagos NAN reports that the Airline Operators of Nigeria AON had threatened to go on strike on May 9 claiming that the cost of aviation fuel had risen to about N700 per litre from N190 per litre The strike was however called off after appeals by the Federal Government and other stakeholders in the aviation sector Isong said I am not aware that aviation fuel is sold currently anywhere at N700 per litre There has been an intervention by the Nigerian National Petroleum Company Ltd which is now bringing in ATK It gets into tank all costs together at about N500 per litre If we use Ikeja Murtala Mohammed Airport local as a bench mark it is sold there by marketers between N540 and N550 per litre Nobody with common sense will go and bring in ATK now that NNPC is bringing in product and selling it cheap NNPC is bringing in the product because it is swapping it with crude and when it swaps it with crude it uses the Central Bank of Nigeria exchange rate of N419 to a dollar Meanwhile the product is deregulated So no normal person can go and get it at that exchange rate You cannot use N589 black market rate to a dollar to bring in the product and sell at N550 per litre According to him the intervention by the NNPC has discouraged marketers from importing aviation fuel because it will be a bad business decision ATK as a product is handled very carefully It is continuously filtered It is carried by special trucks so there are extra handling costs Even with these costs it is sold at the tarmac between N540 and N550 per litre in Lagos and by the time you carry it all over the country including transportation cost it will be sold at about N570 or N580 at the farthest airport from Lagos There is no where aviation fuel is sold at N700 per litre the executive secretary said He said enquiries made by MOMAN also showed that aviation fuel was cheaper in Nigeria compared to other West African countries Isong said In Ghana aviation fuel is sold at Platt North Western Europe plus premium or minus at 1 25 dollars per litre In Liberia and Sierra Leone it is selling at 5 70 dollars per gallon which translates to 1 51 dollars per litre So those are your West African prices Now if you want to translate that to Naira if you are using the NNPC price which is N540 that is cheaper and even if you use the N700 they are claiming it is still cheaper We are not selling it at N700 per litre because of the NNPC intervention It is actually about 90 cents per litre with the NNPC price Isong however empathised with the airlines the Federal Government and ordinary Nigerians who are struggling with the consequences of the increment in the price of crude oil at the international market He blamed the hike in the price of crude oil and its derivatives such as aviation fuel petrol diesel and kerosene on the ongoing conflict between Russia and Ukraine The airlines know what they want which is justification to increase their air fares It is not only aviation fuel that has gone up even though it is a contributory factor Cost of operation has gone up there is inflation and anybody doing business will tell you that they are struggling All businesses are struggling including the airlines So maybe they are looking for bailout from the Federal Government because everybody needs some kind of bailout at the moment he said NAN
    Aviation fuel not selling at N700 per litre – MOMAN
     The Major Oil Marketers Association of Nigeria MOMAN has debunked claims that Aviation Turbine Kerosene ATK also known as aviation fuel was being sold at N700 per litre in some parts of the country Mr Clement Isong Executive Secretary MOMAN made this known in an interview with the News Agency of Nigeria on Monday in Lagos NAN reports that the Airline Operators of Nigeria AON had threatened to go on strike on May 9 claiming that the cost of aviation fuel had risen to about N700 per litre from N190 per litre The strike was however called off after appeals by the Federal Government and other stakeholders in the aviation sector Isong said I am not aware that aviation fuel is sold currently anywhere at N700 per litre There has been an intervention by the Nigerian National Petroleum Company Ltd which is now bringing in ATK It gets into tank all costs together at about N500 per litre If we use Ikeja Murtala Mohammed Airport local as a bench mark it is sold there by marketers between N540 and N550 per litre Nobody with common sense will go and bring in ATK now that NNPC is bringing in product and selling it cheap NNPC is bringing in the product because it is swapping it with crude and when it swaps it with crude it uses the Central Bank of Nigeria exchange rate of N419 to a dollar Meanwhile the product is deregulated So no normal person can go and get it at that exchange rate You cannot use N589 black market rate to a dollar to bring in the product and sell at N550 per litre According to him the intervention by the NNPC has discouraged marketers from importing aviation fuel because it will be a bad business decision ATK as a product is handled very carefully It is continuously filtered It is carried by special trucks so there are extra handling costs Even with these costs it is sold at the tarmac between N540 and N550 per litre in Lagos and by the time you carry it all over the country including transportation cost it will be sold at about N570 or N580 at the farthest airport from Lagos There is no where aviation fuel is sold at N700 per litre the executive secretary said He said enquiries made by MOMAN also showed that aviation fuel was cheaper in Nigeria compared to other West African countries Isong said In Ghana aviation fuel is sold at Platt North Western Europe plus premium or minus at 1 25 dollars per litre In Liberia and Sierra Leone it is selling at 5 70 dollars per gallon which translates to 1 51 dollars per litre So those are your West African prices Now if you want to translate that to Naira if you are using the NNPC price which is N540 that is cheaper and even if you use the N700 they are claiming it is still cheaper We are not selling it at N700 per litre because of the NNPC intervention It is actually about 90 cents per litre with the NNPC price Isong however empathised with the airlines the Federal Government and ordinary Nigerians who are struggling with the consequences of the increment in the price of crude oil at the international market He blamed the hike in the price of crude oil and its derivatives such as aviation fuel petrol diesel and kerosene on the ongoing conflict between Russia and Ukraine The airlines know what they want which is justification to increase their air fares It is not only aviation fuel that has gone up even though it is a contributory factor Cost of operation has gone up there is inflation and anybody doing business will tell you that they are struggling All businesses are struggling including the airlines So maybe they are looking for bailout from the Federal Government because everybody needs some kind of bailout at the moment he said NAN
    Aviation fuel not selling at N700 per litre – MOMAN
    General news5 months ago

    Aviation fuel not selling at N700 per litre – MOMAN

    The Major Oil Marketers Association of Nigeria (MOMAN) has debunked claims that Aviation Turbine Kerosene (ATK), also known as aviation fuel, was being sold at N700 per litre in some parts of the country.

    Mr Clement Isong, Executive Secretary, MOMAN, made this known in an interview with the News Agency of Nigeria on Monday in Lagos.

    NAN reports that the Airline Operators of Nigeria (AON) had threatened to go on strike on May 9, claiming that the cost of aviation fuel had risen to about N700 per litre from N190 per litre.

    The strike was, however, called off after appeals by the Federal Government and other stakeholders in the aviation sector.

    Isong said: “I am not aware that aviation fuel is sold currently anywhere at N700 per litre. There has been an intervention by the Nigerian National Petroleum Company Ltd., which is now bringing in ATK.

    “It gets into tank, all costs together, at about N500 per litre. If we use Ikeja (Murtala Mohammed Airport, local as a bench mark, it is sold there by marketers between N540 and N550 per litre.

    “Nobody with common sense will go and bring in ATK now that NNPC is bringing in product and selling it cheap.

    “NNPC is bringing in the product because it is swapping it with crude and when it swaps it with crude it uses the Central Bank of Nigeria exchange rate of N419 to a dollar.

    “Meanwhile the product is deregulated. So no normal person can go and get it at that exchange rate. You cannot use N589 (black market rate) to a dollar to bring in the product and sell at N550 per litre.”

    According to him, the intervention by the NNPC has discouraged marketers from importing aviation fuel because it will be a bad business decision.

    “ATK as a product is handled very carefully. It is continuously filtered. It is carried by special trucks, so there are extra handling costs.

    “Even with these costs, it is sold at the tarmac between N540 and N550 per litre in Lagos and by the time you carry it all over the country including transportation cost, it will be sold at about N570 or N580 at the farthest airport from Lagos.

    “There is no where aviation fuel is sold at N700 per litre,” the executive secretary said.

    He said enquiries made by MOMAN also showed that aviation fuel was cheaper in Nigeria compared to other West African countries.

    Isong said: “In Ghana, aviation fuel is sold at Platt, North Western Europe, plus premium or minus at 1.25 dollars per litre.

    “In Liberia and Sierra Leone, it is selling at 5.70 dollars per gallon, which translates to 1.51 dollars per litre. So, those are your West African prices.

    “Now, if you want to translate that to Naira, if you are using the NNPC price which is N540, that is cheaper and even if you use the N700 they are claiming, it is still cheaper.

    “We are not selling it at N700 per litre because of the NNPC intervention. It is actually about 90 cents per litre with the NNPC price.”

    Isong, however, empathised with the airlines, the Federal Government and ordinary Nigerians who are struggling with the consequences of the increment in the price of crude oil at the international market.

    He blamed the hike in the price of crude oil and its derivatives such as aviation fuel, petrol, diesel and kerosene on the ongoing conflict between Russia and Ukraine.

    “The airlines know what they want, which is justification to increase their air fares. It is not only aviation fuel that has gone up, even though it is a contributory factor.

    “Cost of operation has gone up; there is inflation and anybody doing business will tell you that they are struggling. All businesses are struggling including the airlines.

    “So, maybe they are looking for bailout from the Federal Government because everybody needs some kind of bailout at the moment,” he said. (

    (NAN)

  •  Alhaji Muhammad Saleh Hassan an oil and gas shareholder and chairman of Skymark Energy and Power Ltd says Nigeria will become Africa s hub for refined oil products within the next two years Saleh Hassan made this claim in an interview with the Nigerian News Agency and select journalists in Abuja on Friday According to him the feat will be achieved thanks to the efforts made by the Administration of President Muhammadu Buhari He said the energy sector will soon change for the better particularly with ongoing efforts such as the renovation and reconstruction of the country s oil refineries by the Federal Government According to him President Buhari being the Minister of Petroleum Resources and Mr Mele Kyari the Group Managing Director of the Nigerian National Petroleum Corporation NNPC are already about to change the oil and gas sector for optimal benefits for Nigerians The refineries will surely soon begin to operate at full capacity and meet the wishes of the population By 2023 2024 Nigeria is expected to become the African hub for refined petroleum products This is the direction of NNPC Limited and it is focused on this feat which is achievable Whatever pains Nigerians are going through now it is a matter of time As it stands now it s a no pain no gain situation Nigerians must be assured that the perennial crisis in the oil sector will soon be over This is a sequel to the Federal Government s ongoing efforts to rebuild refineries and transform Nigeria into Africa s hub for refined petroleum products and an exporting nation he said Saleh Hassan explained that under Buhari and Kyari the oil sector is witnessing massive change thanks to their meticulous and proactive efforts that transformed the NNPC into a limited for profit company He noted that the corporation s new business status had seen it declare profits which also culminated in ensuring its stability and contributed greatly to the nation s economic growth The head of Skymark Energy expressed his dismay that trillions of naira had been wasted in the past on refurbishing refineries under different administrations but they failed to function at full capacity For the first time the country s three refineries in Port Harcourt Warri and Kaduna have witnessed some measures of stability compared to previous administrations when they were in a coma with the ensuing perennial crisis in the nation s oil sector But currently all refineries have been running steadily due to some degree of maintenance inspired by the Buhari led administration as well as Kyari s leadership as helmsman of the NNPC he said According to him NNPC Limited has completely changed thanks to the strong synergy between them In other words suggestions in the public domain that the renovation of Nigeria s refineries is a waste of public funds due to past failures do not hold water What NNPC Limited and the Federal Government are doing is not only the restoration but also the reconstruction of the refineries Obviously the current leadership is implementing the technological experience of the 21st century to achieve the purpose Therefore Nigerians should put past concerns behind them and look forward to new developments inspired by the concern and sincerity of the current government Saleh Hassan said Saleh Hassan also explained that the difference in leadership and experience meant that what hadn t worked over the years could now start working because there was a new sheriff in town The oil industry expert explained that refineries currently seem to be operating at a low level due to the country s increasing population compared to the 1970s and 1980s when they were built He added that the population boom has also led to an increased number of vehicles and other oil consuming facilities along with the fact that some African countries also depend on Nigeria for refined oil products putting pressure on refineries The energy industry player said the Dangote Refinery which will soon come online will go a long way in boosting domestic oil refining and increasing its domestic supply He said There are indications that NNPC Limited has a stake of around 20 per cent in the Dangote refineries being built in Lekki Lagos It is the crude oil from Nigeria that will be channeled there for refining By the time the three Nigerian refineries and the Dangote refinery establish synergies Nigeria will no longer export crude oil to foreign countries for refinement and return to us at exorbitant prices Refining will be done locally here to inspire an affordable and stable oil price The importation of refined oil will be a thing of the past This is a legacy that Buhari s management and Kyari s leadership at NNPC Limited would be remembered for Therefore I encourage Nigerians to be patient as better days are ahead for us in the oil sector It s also interesting that huge jobs will be created for Nigerians when all the refineries are fully installed Saleh Hassan also justified the money the Federal Government spends on fuel subsidies emphasizing that removing oil subsidies would shake the nation s economy and negatively impact the masses He explained that retaining the subsidy was synonymous with the federal government paying people s bills According to him while the world is currently groaning due to the increase in oil prices due to the war between Russia and Ukraine Nigerians do not feel the pain so much due to the constant subsidy in force adding that the federal government is the only one carrying the load A gallon of PMS costs around N3 000 dollars per liter in Europe but a liter is still N165 00 in Nigeria It is the subsidy that guarantees this great relief for Nigerians For me Buhari and Kyari deserve applause for this gesture They are geniuses to guarantee the subsidy in the interest of the masses If the refineries start operating after they are rebuilt and the subsidy is removed then there would be no need for the subsidy Then taxes on other products and services could be removed and prices would come down and the living conditions of Nigerians would improve significantly Saleh Hassan added NAN
    Nigeria, Africa’s emerging refined petroleum products hub —Energy stakeholder
     Alhaji Muhammad Saleh Hassan an oil and gas shareholder and chairman of Skymark Energy and Power Ltd says Nigeria will become Africa s hub for refined oil products within the next two years Saleh Hassan made this claim in an interview with the Nigerian News Agency and select journalists in Abuja on Friday According to him the feat will be achieved thanks to the efforts made by the Administration of President Muhammadu Buhari He said the energy sector will soon change for the better particularly with ongoing efforts such as the renovation and reconstruction of the country s oil refineries by the Federal Government According to him President Buhari being the Minister of Petroleum Resources and Mr Mele Kyari the Group Managing Director of the Nigerian National Petroleum Corporation NNPC are already about to change the oil and gas sector for optimal benefits for Nigerians The refineries will surely soon begin to operate at full capacity and meet the wishes of the population By 2023 2024 Nigeria is expected to become the African hub for refined petroleum products This is the direction of NNPC Limited and it is focused on this feat which is achievable Whatever pains Nigerians are going through now it is a matter of time As it stands now it s a no pain no gain situation Nigerians must be assured that the perennial crisis in the oil sector will soon be over This is a sequel to the Federal Government s ongoing efforts to rebuild refineries and transform Nigeria into Africa s hub for refined petroleum products and an exporting nation he said Saleh Hassan explained that under Buhari and Kyari the oil sector is witnessing massive change thanks to their meticulous and proactive efforts that transformed the NNPC into a limited for profit company He noted that the corporation s new business status had seen it declare profits which also culminated in ensuring its stability and contributed greatly to the nation s economic growth The head of Skymark Energy expressed his dismay that trillions of naira had been wasted in the past on refurbishing refineries under different administrations but they failed to function at full capacity For the first time the country s three refineries in Port Harcourt Warri and Kaduna have witnessed some measures of stability compared to previous administrations when they were in a coma with the ensuing perennial crisis in the nation s oil sector But currently all refineries have been running steadily due to some degree of maintenance inspired by the Buhari led administration as well as Kyari s leadership as helmsman of the NNPC he said According to him NNPC Limited has completely changed thanks to the strong synergy between them In other words suggestions in the public domain that the renovation of Nigeria s refineries is a waste of public funds due to past failures do not hold water What NNPC Limited and the Federal Government are doing is not only the restoration but also the reconstruction of the refineries Obviously the current leadership is implementing the technological experience of the 21st century to achieve the purpose Therefore Nigerians should put past concerns behind them and look forward to new developments inspired by the concern and sincerity of the current government Saleh Hassan said Saleh Hassan also explained that the difference in leadership and experience meant that what hadn t worked over the years could now start working because there was a new sheriff in town The oil industry expert explained that refineries currently seem to be operating at a low level due to the country s increasing population compared to the 1970s and 1980s when they were built He added that the population boom has also led to an increased number of vehicles and other oil consuming facilities along with the fact that some African countries also depend on Nigeria for refined oil products putting pressure on refineries The energy industry player said the Dangote Refinery which will soon come online will go a long way in boosting domestic oil refining and increasing its domestic supply He said There are indications that NNPC Limited has a stake of around 20 per cent in the Dangote refineries being built in Lekki Lagos It is the crude oil from Nigeria that will be channeled there for refining By the time the three Nigerian refineries and the Dangote refinery establish synergies Nigeria will no longer export crude oil to foreign countries for refinement and return to us at exorbitant prices Refining will be done locally here to inspire an affordable and stable oil price The importation of refined oil will be a thing of the past This is a legacy that Buhari s management and Kyari s leadership at NNPC Limited would be remembered for Therefore I encourage Nigerians to be patient as better days are ahead for us in the oil sector It s also interesting that huge jobs will be created for Nigerians when all the refineries are fully installed Saleh Hassan also justified the money the Federal Government spends on fuel subsidies emphasizing that removing oil subsidies would shake the nation s economy and negatively impact the masses He explained that retaining the subsidy was synonymous with the federal government paying people s bills According to him while the world is currently groaning due to the increase in oil prices due to the war between Russia and Ukraine Nigerians do not feel the pain so much due to the constant subsidy in force adding that the federal government is the only one carrying the load A gallon of PMS costs around N3 000 dollars per liter in Europe but a liter is still N165 00 in Nigeria It is the subsidy that guarantees this great relief for Nigerians For me Buhari and Kyari deserve applause for this gesture They are geniuses to guarantee the subsidy in the interest of the masses If the refineries start operating after they are rebuilt and the subsidy is removed then there would be no need for the subsidy Then taxes on other products and services could be removed and prices would come down and the living conditions of Nigerians would improve significantly Saleh Hassan added NAN
    Nigeria, Africa’s emerging refined petroleum products hub —Energy stakeholder
    General news5 months ago

    Nigeria, Africa’s emerging refined petroleum products hub —Energy stakeholder

    Alhaji Muhammad Saleh-Hassan, an oil and gas shareholder and chairman of Skymark Energy and Power Ltd, says Nigeria will become Africa's hub for refined oil products within the next two years.

    Saleh-Hassan made this claim in an interview with the Nigerian News Agency and select journalists in Abuja on Friday.

    According to him, the feat will be achieved thanks to the efforts made by the Administration of President Muhammadu Buhari.

    He said the energy sector will soon change for the better, particularly with ongoing efforts such as the renovation and reconstruction of the country's oil refineries by the Federal Government.

    According to him, President Buhari, being the Minister of Petroleum Resources, and Mr. Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) are already about to change the oil and gas sector. for optimal benefits for Nigerians.

    “The refineries will surely soon begin to operate at full capacity and meet the wishes of the population. By 2023-2024, Nigeria is expected to become the African hub for refined petroleum products.

    “This is the direction of NNPC Limited and it is focused on this feat, which is achievable. Whatever pains Nigerians are going through now, it is a matter of time. As it stands now, it's a no pain, no gain situation.

    “Nigerians must be assured that the perennial crisis in the oil sector will soon be over.

    "This is a sequel to the Federal Government's ongoing efforts to rebuild refineries and transform Nigeria into Africa's hub for refined petroleum products and an exporting nation," he said.

    Saleh-Hassan explained that under Buhari and Kyari, the oil sector is witnessing massive change thanks to their meticulous and proactive efforts that transformed the NNPC into a limited, for-profit company.

    He noted that the corporation's new business status had seen it declare profits, which also culminated in ensuring its stability and contributed greatly to the nation's economic growth.

    The head of Skymark Energy expressed his dismay that trillions of naira had been wasted in the past on refurbishing refineries under different administrations, but they failed to function at full capacity.

    “For the first time, the country's three refineries in Port Harcourt, Warri and Kaduna have witnessed some measures of stability, compared to previous administrations when they were in a coma with the ensuing perennial crisis in the nation's oil sector.

    “But currently, all refineries have been running steadily due to some degree of maintenance, inspired by the Buhari-led administration as well as Kyari's leadership as helmsman of the NNPC,” he said.

    According to him, NNPC Limited has completely changed thanks to the strong synergy between them.

    “In other words, suggestions in the public domain that the renovation of Nigeria's refineries is a waste of public funds due to past failures do not hold water.

    “What NNPC Limited and the Federal Government are doing is not only the restoration, but also the reconstruction of the refineries. Obviously, the current leadership is implementing the technological experience of the 21st century to achieve the purpose.

    "Therefore, Nigerians should put past concerns behind them and look forward to new developments inspired by the concern and sincerity of the current government," Saleh-Hassan said.

    Saleh-Hassan also explained that the difference in leadership and experience meant that what hadn't worked over the years could now start working because there was a new sheriff in town.

    The oil industry expert explained that refineries currently seem to be operating at a low level due to the country's increasing population, compared to the 1970s and 1980s when they were built.

    He added that the population boom has also led to an increased number of vehicles and other oil-consuming facilities, along with the fact that some African countries also depend on Nigeria for refined oil products, putting pressure on refineries.

    The energy industry player said the Dangote Refinery, which will soon come online, will go a long way in boosting domestic oil refining and increasing its domestic supply.

    He said: “There are indications that NNPC Limited has a stake of around 20 per cent in the Dangote refineries being built in Lekki, Lagos. It is the crude oil from Nigeria that will be channeled there for refining.

    “By the time the three Nigerian refineries and the Dangote refinery establish synergies, Nigeria will no longer export crude oil to foreign countries for refinement and return to us at exorbitant prices.

    “Refining will be done locally here to inspire an affordable and stable oil price. The importation of refined oil will be a thing of the past.

    “This is a legacy that Buhari's management and Kyari's leadership at NNPC Limited would be remembered for. Therefore, I encourage Nigerians to be patient as better days are ahead for us in the oil sector.

    "It's also interesting that huge jobs will be created for Nigerians when all the refineries are fully installed."

    Saleh-Hassan also justified the money the Federal Government spends on fuel subsidies, emphasizing that removing oil subsidies would shake the nation's economy and negatively impact the masses.

    He explained that retaining the subsidy was synonymous with the federal government paying people's bills.

    According to him, while the world is currently groaning due to the increase in oil prices, due to the war between Russia and Ukraine, Nigerians do not feel the pain so much due to the constant subsidy in force, adding that the federal government is the only one. carrying the load.

    “A gallon of PMS costs around N3,000 dollars per liter in Europe, but a liter is still N165.00 in Nigeria. It is the subsidy that guarantees this great relief for Nigerians.

    “For me, Buhari and Kyari deserve applause for this gesture. They are geniuses to guarantee the subsidy in the interest of the masses.

    “If the refineries start operating after they are rebuilt and the subsidy is removed, then there would be no need for the subsidy.

    “Then taxes on other products and services could be removed and prices would come down and the living conditions of Nigerians would improve significantly,” Saleh-Hassan added.

    (NAN)

  •  The Nigerian National Petroleum Company NNPC Ltd on Thursday called for the full implementation of the energy mix to boost efficient energy supply across the country The Nigerian News Agency reports that NNPC Ltd Board Chair Senator Margery Chuba Okadigbo made this known in an interview with Nigerian journalists on the sidelines of the 2022 Offshore Technology Conference OTC which just concluded in Houston Texas United States According to her the speech on center stage was all about the transition from carbon dependence to fossil fuels For us at NNPC we are putting more of an emphasis on gas as you can see from the AKK project that we inspected a couple of weeks ago I think it is time we looked at what will work for us as the African continent We must be able to know the homegrown system that can be taken advantage of and make us different and peculiar I don t know why the coal that is known in Enugu state is not converted for electricity generation I don t understand the story behind coal being referred to as dirty energy According to her in some parts of England coal is still a source of energy and it is necessary to use coal and other mineral resources for the energy mix They are available to us and must be used for efficient energy supply throughout the country he said Chuba Okadigbo said We cannot follow the full direction of the Western world and abandon our resources There is an urgent need to make use of what we have to get the satisfaction we want for Nigeria Speaking about the nation s refineries the President assured that the board is working diligently to ensure the full operation of the refineries We have chosen to fix the refineries and the work is ongoing Work is currently underway at the Port Harcourt refinery We project that by the end of the first quarter of next year the refinery should be producing 60 000 barrels per day The Engineering Procurement and Construction EPC contracts with Tecnimont SpA for the rehabilitation of the refinery are working It is something to rely on as President Muhammadu Buhari is determined to get the refineries working he said NAN
    Electricity: Implementing full energy mix’ll drive sustainable power supply – NNPC
     The Nigerian National Petroleum Company NNPC Ltd on Thursday called for the full implementation of the energy mix to boost efficient energy supply across the country The Nigerian News Agency reports that NNPC Ltd Board Chair Senator Margery Chuba Okadigbo made this known in an interview with Nigerian journalists on the sidelines of the 2022 Offshore Technology Conference OTC which just concluded in Houston Texas United States According to her the speech on center stage was all about the transition from carbon dependence to fossil fuels For us at NNPC we are putting more of an emphasis on gas as you can see from the AKK project that we inspected a couple of weeks ago I think it is time we looked at what will work for us as the African continent We must be able to know the homegrown system that can be taken advantage of and make us different and peculiar I don t know why the coal that is known in Enugu state is not converted for electricity generation I don t understand the story behind coal being referred to as dirty energy According to her in some parts of England coal is still a source of energy and it is necessary to use coal and other mineral resources for the energy mix They are available to us and must be used for efficient energy supply throughout the country he said Chuba Okadigbo said We cannot follow the full direction of the Western world and abandon our resources There is an urgent need to make use of what we have to get the satisfaction we want for Nigeria Speaking about the nation s refineries the President assured that the board is working diligently to ensure the full operation of the refineries We have chosen to fix the refineries and the work is ongoing Work is currently underway at the Port Harcourt refinery We project that by the end of the first quarter of next year the refinery should be producing 60 000 barrels per day The Engineering Procurement and Construction EPC contracts with Tecnimont SpA for the rehabilitation of the refinery are working It is something to rely on as President Muhammadu Buhari is determined to get the refineries working he said NAN
    Electricity: Implementing full energy mix’ll drive sustainable power supply – NNPC
    General news5 months ago

    Electricity: Implementing full energy mix’ll drive sustainable power supply – NNPC

    The Nigerian National Petroleum Company (NNPC) Ltd. on Thursday called for the full implementation of the energy mix to boost efficient energy supply across the country.

    The Nigerian News Agency reports that NNPC, Ltd. Board Chair Senator Margery Chuba-Okadigbo made this known in an interview with Nigerian journalists on the sidelines of the 2022 Offshore Technology Conference (OTC). which just concluded in Houston. , Texas, United States.

    According to her, “the speech on center stage was all about the transition from carbon dependence to fossil fuels.

    “For us at NNPC, we are putting more of an emphasis on gas, as you can see from the AKK project that we inspected a couple of weeks ago.

    “I think it is time we looked at what will work for us as the African continent. We must be able to know the homegrown system that can be taken advantage of and make us different and peculiar.

    “I don't know why the coal that is known in Enugu state is not converted for electricity generation. I don't understand the story behind coal being referred to as dirty energy."

    According to her, in some parts of England coal is still a source of energy and it is necessary to use coal and other mineral resources for the energy mix.

    "They are available to us and must be used for efficient energy supply throughout the country," he said.

    Chuba-Okadigbo said: “We cannot follow the full direction of the Western world and abandon our resources.

    "There is an urgent need to make use of what we have to get the satisfaction we want for Nigeria."

    Speaking about the nation's refineries, the President assured that the board is working diligently to ensure the full operation of the refineries.

    “We have chosen to fix the refineries and the work is ongoing. Work is currently underway at the Port-Harcourt refinery.

    “We project that by the end of the first quarter of next year, the refinery should be producing 60,000 barrels per day.

    “The Engineering, Procurement and Construction (EPC) contracts with Tecnimont SpA, for the rehabilitation of the refinery are working.

    “It is something to rely on as President Muhammadu Buhari is determined to get the refineries working,” he said.

    (NAN)

  •  The Oilserv Ltd Contractor handling the ongoing Ajaokuta Kaduna Kano AKK gas pipeline project says the project will stimulate gas infrastructural development and industrialisation in Nigeria Mr Emeka Okwuosa Chairman Oilserv Ltd said this on Tuesday in an interview with the News Agency of Nigeria in Abuja The project which spans a length of 614km is being developed by the Nigerian National Petroleum Company Ltd NNPC Ltd to transport natural gas from Ajaokuta Kogi through other states and urban centres in Nigeria The project which began in 2020 and to be completed by the first quarter of 2023 is a segment of the Trans Nigeria Gas Pipeline TNGP and the Trans Saharan gas pipeline project AKK gas project when completed would boost the agricultural and manufacturing sectors carbon footprint as part of measures to cut down on global warming and provide gas for generation of power and gas based industries He said that the project aimed at transporting natural gas raw form which would enable production of Compressed Natural Gas CNG Liquefied Natural Gas LNG among others The project is important to Nigeria because gas is what will help Nigeria to develop Development cannot happen without energy and our greatest form of energy in terms of availability is gas Gas is nothing without transportation you have to send it to where you need it and that s what we are doing to boost development in the country he said According to the contractor the ongoing AKK gas pipeline is a good target to European markets in view of exploring opportunities of gas exportation You can see what is happening in Europe because of Russian gas everybody is scampering but we have it he added Europe the single largest buyer of Russian energy is weighing the likelihood of gas supply disruptions as the war with Ukraine continues As a result of activities around the AKK project the country will see over eight billion standard cubic feet scf of gas injected into the domestic pipeline NAN recalls that the Group Managing Director of NNPC Malam Mele Kyari in the company of the NNPC board members recently inspected the segment A site of the project in Abaji Area Council of the Federal Capital Territory FCT NAN
    AKK project to stimulate gas infrastructural development in Nigeria – Expert
     The Oilserv Ltd Contractor handling the ongoing Ajaokuta Kaduna Kano AKK gas pipeline project says the project will stimulate gas infrastructural development and industrialisation in Nigeria Mr Emeka Okwuosa Chairman Oilserv Ltd said this on Tuesday in an interview with the News Agency of Nigeria in Abuja The project which spans a length of 614km is being developed by the Nigerian National Petroleum Company Ltd NNPC Ltd to transport natural gas from Ajaokuta Kogi through other states and urban centres in Nigeria The project which began in 2020 and to be completed by the first quarter of 2023 is a segment of the Trans Nigeria Gas Pipeline TNGP and the Trans Saharan gas pipeline project AKK gas project when completed would boost the agricultural and manufacturing sectors carbon footprint as part of measures to cut down on global warming and provide gas for generation of power and gas based industries He said that the project aimed at transporting natural gas raw form which would enable production of Compressed Natural Gas CNG Liquefied Natural Gas LNG among others The project is important to Nigeria because gas is what will help Nigeria to develop Development cannot happen without energy and our greatest form of energy in terms of availability is gas Gas is nothing without transportation you have to send it to where you need it and that s what we are doing to boost development in the country he said According to the contractor the ongoing AKK gas pipeline is a good target to European markets in view of exploring opportunities of gas exportation You can see what is happening in Europe because of Russian gas everybody is scampering but we have it he added Europe the single largest buyer of Russian energy is weighing the likelihood of gas supply disruptions as the war with Ukraine continues As a result of activities around the AKK project the country will see over eight billion standard cubic feet scf of gas injected into the domestic pipeline NAN recalls that the Group Managing Director of NNPC Malam Mele Kyari in the company of the NNPC board members recently inspected the segment A site of the project in Abaji Area Council of the Federal Capital Territory FCT NAN
    AKK project to stimulate gas infrastructural development in Nigeria – Expert
    General news5 months ago

    AKK project to stimulate gas infrastructural development in Nigeria – Expert

    The Oilserv Ltd., Contractor handling the ongoing Ajaokuta-Kaduna-Kano (AKK) gas pipeline project says the project will stimulate gas infrastructural development and industrialisation in Nigeria.

    Mr Emeka Okwuosa, Chairman, Oilserv Ltd., said this on Tuesday, in an interview with the News Agency of Nigeria in Abuja.

    The project which spans a length of 614km is being developed by the Nigerian National Petroleum Company Ltd. (NNPC Ltd.) to transport natural gas from Ajaokuta, Kogi through other states and urban centres in Nigeria.

    The project which began in 2020 and to be completed by the first quarter of 2023 is a segment of the Trans-Nigeria Gas Pipeline (TNGP) and the Trans Saharan gas pipeline project.

    AKK gas project, when completed would boost the agricultural and manufacturing sectors, carbon footprint as part of measures to cut down on global warming and provide gas for generation of power and gas-based industries.

    He said that the project aimed at transporting natural gas (raw form) which would enable production of Compressed Natural Gas (CNG), Liquefied Natural Gas (LNG) among others.

    “The project is important to Nigeria because gas is what will help Nigeria to develop.

    “Development cannot happen without energy and our greatest form of energy in terms of availability is gas.

    “Gas is nothing without transportation you have to send it to where you need it and that’s what we are doing to boost development in the country,” he said.

    According to the contractor, the ongoing AKK gas pipeline is a good target to European markets in view of exploring opportunities of gas exportation.

    “You can see what is happening in Europe because of Russian gas, everybody is scampering, but we have it,” he added.

    Europe, the single-largest buyer of Russian energy, is weighing the likelihood of gas-supply disruptions as the war with Ukraine continues.

    As a result of activities around the AKK project, the country will see over eight billion standard cubic feet (scf) of gas injected into the domestic pipeline.

    NAN recalls that the Group Managing Director of NNPC, Malam Mele Kyari, in the company of the NNPC board members recently inspected the segment “A” site of the project in Abaji Area Council of the Federal Capital Territory (FCT)

    (NAN)

  •  Sen Margery Chuba Okadigbo Chairman of the Board of the Nigerian National Petroleum Company NNPC Ltd on Monday commended Nigerian delegation at the 2022 Offshore Technology Conference OTC in Houston Texas United States Chuba Okadigbo gave the commendation while declaring open the OTC Nigerian exhibition pavilion at the conference She expressed her excitement toward declaring the pavilion open saying that it was a thing of joy and pride that Nigeria is well represented at the conference The News Agency of Nigeria reports that the theme of the Nigerian exhibition pavilion is Energy Transition and the Future of Africa organised by the Petroleum Technology Association of Nigeria PETAN NAN also reports that the OTC is a platform where energy professionals across the globe meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources I am delighted to declare this exhibition open Again it s a thing of joy and pride to see you Nigerians well represented in foreign countries she said Earlier in his opening remarks the Chairman of PETAN Mr Nicolas Odinuwe said that the theme was carefully chosen to reflect the current realities in African oil and gas Odinuwe called on Nigerian oil and gas industry leaders to continue to echo PETAN s calls to deepen Nigerian content as always and implored NNPC Ltd board and others to indulge the association OTC means different things to different people But thanks to PETAN s focused participations PETAN and Nigeria have built capacities capabilities and visibility PETAN has been the host of the Nigerian Pavilion for over 15 years And we have been fully supported by the NNPC now NNPC Limited who are in transition We are here to continue to propagate advocate and advance technology that has led to Nigeria being the only country in Sub Saharan Africa with a robust exploration and production service industry he said According to the chairman OTC gives attendees access to leading edge technical information He said The benefits of the OTC 2022 event includes showcasing companies capabilities to over 1 000 delegates and over 250 companies in the oil and gas Industry Also to give exhibitors the chance to promote their products and services to operators and contractors in the local region Other benefits include gaining access by organisations to the latest industry news a presence at one of the world s largest oil and gas events and access to networking opportunities with professional contacts from across the world Networking with the upstream midstream and downstream organisations as well as high profiled government officials and key decision makers in the industry The conference will give participants the opportunity to build and establish new leads as well as entrenching a global presence in the industry It will enable them get familiar with competitors capabilities to stay ahead in the industry Odinuwe said that PETAN had been responsible for leading and hosting the Nigerian government agencies stakeholders oil and gas companies and investors at the OTC yearly He said that among the reasons for OTC was to deliver a unique experience for exhibitors and delegates to interact with global professionals as they share their insights on technological advances energy transition safety environmentally focused solutions and economic and regulatory impacts of the offshore energy sector Organisations attendance will create a chance to develop business relationships and tap into emerging regions that are vital to offshore development as well as obtaining recognition necessary for growth and visibility to thousands across the globe he added He recalled that at the OTC 2019 Nigeria had the fifth largest representation of over 60 participating countries The value of participating organisations presence cannot be overestimated as they stand a chance to project their activities to investors and stakeholders spanning different countries The event will feature among others the formal opening of the Nigerian exhibition pavilion in the NRG Park the luncheon and panel sessions on the Nigerian energy and supportive industries the Nigerian Industry Awards Dinner and Cocktail side shows of Nigerian culture displays and entertainment technical sessions and networking golf event he said PETAN is an association of indigenous Technical Oilfield Service Companies NAN
    NNPC Board chairman commends Nigeria’s participation at 2022 OTC
     Sen Margery Chuba Okadigbo Chairman of the Board of the Nigerian National Petroleum Company NNPC Ltd on Monday commended Nigerian delegation at the 2022 Offshore Technology Conference OTC in Houston Texas United States Chuba Okadigbo gave the commendation while declaring open the OTC Nigerian exhibition pavilion at the conference She expressed her excitement toward declaring the pavilion open saying that it was a thing of joy and pride that Nigeria is well represented at the conference The News Agency of Nigeria reports that the theme of the Nigerian exhibition pavilion is Energy Transition and the Future of Africa organised by the Petroleum Technology Association of Nigeria PETAN NAN also reports that the OTC is a platform where energy professionals across the globe meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources I am delighted to declare this exhibition open Again it s a thing of joy and pride to see you Nigerians well represented in foreign countries she said Earlier in his opening remarks the Chairman of PETAN Mr Nicolas Odinuwe said that the theme was carefully chosen to reflect the current realities in African oil and gas Odinuwe called on Nigerian oil and gas industry leaders to continue to echo PETAN s calls to deepen Nigerian content as always and implored NNPC Ltd board and others to indulge the association OTC means different things to different people But thanks to PETAN s focused participations PETAN and Nigeria have built capacities capabilities and visibility PETAN has been the host of the Nigerian Pavilion for over 15 years And we have been fully supported by the NNPC now NNPC Limited who are in transition We are here to continue to propagate advocate and advance technology that has led to Nigeria being the only country in Sub Saharan Africa with a robust exploration and production service industry he said According to the chairman OTC gives attendees access to leading edge technical information He said The benefits of the OTC 2022 event includes showcasing companies capabilities to over 1 000 delegates and over 250 companies in the oil and gas Industry Also to give exhibitors the chance to promote their products and services to operators and contractors in the local region Other benefits include gaining access by organisations to the latest industry news a presence at one of the world s largest oil and gas events and access to networking opportunities with professional contacts from across the world Networking with the upstream midstream and downstream organisations as well as high profiled government officials and key decision makers in the industry The conference will give participants the opportunity to build and establish new leads as well as entrenching a global presence in the industry It will enable them get familiar with competitors capabilities to stay ahead in the industry Odinuwe said that PETAN had been responsible for leading and hosting the Nigerian government agencies stakeholders oil and gas companies and investors at the OTC yearly He said that among the reasons for OTC was to deliver a unique experience for exhibitors and delegates to interact with global professionals as they share their insights on technological advances energy transition safety environmentally focused solutions and economic and regulatory impacts of the offshore energy sector Organisations attendance will create a chance to develop business relationships and tap into emerging regions that are vital to offshore development as well as obtaining recognition necessary for growth and visibility to thousands across the globe he added He recalled that at the OTC 2019 Nigeria had the fifth largest representation of over 60 participating countries The value of participating organisations presence cannot be overestimated as they stand a chance to project their activities to investors and stakeholders spanning different countries The event will feature among others the formal opening of the Nigerian exhibition pavilion in the NRG Park the luncheon and panel sessions on the Nigerian energy and supportive industries the Nigerian Industry Awards Dinner and Cocktail side shows of Nigerian culture displays and entertainment technical sessions and networking golf event he said PETAN is an association of indigenous Technical Oilfield Service Companies NAN
    NNPC Board chairman commends Nigeria’s participation at 2022 OTC
    General news5 months ago

    NNPC Board chairman commends Nigeria’s participation at 2022 OTC

    Sen. Margery Chuba-Okadigbo, Chairman of the Board of the Nigerian National Petroleum Company (NNPC) Ltd., on Monday commended Nigerian delegation at the 2022 Offshore Technology Conference (OTC), in Houston, Texas, United States.

     

    Chuba-Okadigbo gave the commendation while declaring open the OTC Nigerian exhibition pavilion at the conference.

     

    She expressed her excitement toward declaring the pavilion open, saying that it was a thing of joy and pride that Nigeria is well represented at the conference.

     

    The News Agency of Nigeria reports that the theme of the Nigerian exhibition pavilion is : “Energy Transition and the Future of Africa”, organised by the Petroleum Technology Association of Nigeria (PETAN).

     

    NAN also reports that the OTC is a platform where energy professionals across the globe meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources.

     

    “I am delighted to declare this exhibition open. Again, it’s a thing of joy and pride to see you Nigerians well represented in foreign countries,” she said.

     

    Earlier in his opening remarks, the Chairman of PETAN, Mr Nicolas Odinuwe, said that the theme was carefully chosen to “reflect the current realities in African oil and gas.”

     

    Odinuwe called on Nigerian oil and gas industry leaders to continue to echo PETAN’s calls to deepen Nigerian content as always and implored NNPC Ltd. board and others to indulge the association.

     

    “OTC means different things to different people. But thanks to PETAN’s focused participations.

     

    “PETAN and Nigeria have built capacities, capabilities and visibility. PETAN has been the host of the Nigerian Pavilion for over 15 years.

     

    “And we have been fully supported by the NNPC (now NNPC Limited) who are in transition.

     

    “We are here to continue to propagate, advocate and advance technology that has led to Nigeria being the only country in Sub-Saharan Africa with a robust exploration and production service industry,” he said.

     

    According to the chairman, OTC gives attendees access to leading-edge technical information.

     

    He said: “The benefits of the OTC 2022 event includes showcasing companies’ capabilities to over 1,000 delegates and over 250 companies in the oil and gas Industry.

     

    “Also to give exhibitors the chance to promote their products and services to operators and contractors in the local region.

     

    “Other benefits include gaining access by organisations to the latest industry news, a presence at one of the world’s largest oil and gas events and access to networking opportunities with professional contacts from across the world.

     

    “Networking with the upstream, midstream and downstream organisations as well as high profiled government officials and key decision makers in the industry.

     

    ” The conference will give participants the opportunity to build and establish new leads as well as entrenching a global presence in the industry.

     

    “It will enable them get familiar with competitors’ capabilities to stay ahead in the industry.”

     

    Odinuwe said that PETAN had been responsible for leading and hosting the Nigerian government agencies, stakeholders, oil and gas companies and investors at the OTC yearly.

     

    He said that among the reasons for OTC was to deliver a unique experience for exhibitors and delegates to interact with global professionals as they share their insights on technological advances, energy transition, safety, environmentally focused solutions, and economic and regulatory impacts of the offshore energy sector.

     

    “Organisations’ attendance will create a chance to develop business relationships and tap into emerging regions that are vital to offshore development as well as obtaining recognition necessary for growth and visibility to thousands across the globe,” he added.

     

    He recalled that at the OTC 2019, Nigeria had the fifth largest representation of over 60 participating countries.

     

    “The value of participating organisations’ presence cannot be overestimated as they stand a chance to project their activities to investors and stakeholders spanning different countries.

     

    “The event will feature, among others, the formal opening of the Nigerian exhibition pavilion in the NRG Park; the luncheon and panel sessions on the Nigerian energy and supportive industries; the Nigerian Industry Awards Dinner and Cocktail; side shows of Nigerian culture displays and entertainment; technical sessions and networking golf event,” he said.

    PETAN is an association of indigenous Technical Oilfield Service Companies.

    (NAN)

  •  The Nigerian National Petroleum Company Limited NNPC Ltd started its activities for the week with the good news that Vanguard Newspapers nominated the company s Group Managing Director GMD Malam Mele Kyari for its 2021 Man of the Year Award The Chairman Editorial Board of Vanguard Newspapers Ochereome Nnanna disclosed this when he led other members of the company s management team to present the letter of nomination to the GMD Nnanna said that the selection of the Vanguard Man of the Year award was usually a very competitive and difficult process because of the stringent criteria deployed to arrive at the choice of the beneficiary of the award He noted that as a result of this painstaking process there were years in the past when the organiser could not find anyone fit for this category of award The GMD appreciated the newspaper for nominating him for the award adding that the award was coming at a time when the NNPC was undergoing huge transformation in line with the provisions of the Petroleum Industry Act PIA Kyari said there was an urgent need to focus on gas investment adding that as the economy was currently facing a challenging time such investment would help to guarantee energy security for the country The GMD explained that the NNPC has been transparently managed adding that it remained the only company in the world that publishes its monthly financial report In a related development the Management of Leadership Newspapers has also named Kyari as the CEO of the Year 2021 The notice of the nomination was conveyed to the NNPC helmsman by the Editor in Chief of Leadership Newspapers Mr Azu Ishiekwene during a visit to the NNPC Towers Responding Kyari said it was a privilege to be recognised by a reputable media organisation like Leadership Sylva and KyariMeanwhile the Minister of State for Petroleum Resources Chief Timipre Sylvia has been nominated by the Leadership Newspapers as its 2021 Public Service Person of the Year Award The Management of the newspaper led by the Vice Chairman of the Leadership Group Mr Mike Okpere made this known during a visit to present the letter of nomination to the Minister Speaking at the event Okpere said that the award was in recognition of Sylva s determination and resilience in pushing for the passage and signing into Law of the PIA and its aggressive implementation for the betterment of the oil and gas industry and the nation Receiving the notification letter the Minister described the award as an incentive that would spur him and the ministry to do more to continually improve the operational environment of the oil and gas industry and ultimately boost the nation s economy Sylva expressed gratitude to Leadership Newspapers for recognising the modest contributions made by him and other members of the ministry I really thank you for the award and I accept it because for me it s an endorsement of some of the humble contributions we ve made Coming from a very reputable Nigerian newspaper like Leadership deems it fit to give me an award makes me feel that at least my little efforts are being recognised The efforts I made I did not expect anyone to notice them but when such efforts are noticed by an organisation such as yours it gives us reason to be glad and it is an incentive for us to do more Also in the week the Ministry of Petroleum Resources unveiled plans for the 6th edition of the Nigeria International Energy Summit NIES 2023 It informed that the annual Conference themed Global Perspectives for a Sustainable Energy Future would hold in Abuja between April 16 and April 20 The Ministry explained that the theme of the summit was informed by the speed of change projected in the fossil fuels segment as the world pursues the energy transition agenda According to the Event Consultant and Managing Director of Brevity Anderson Mr James Shindi NIES 2023 will put on the front burner overarching global energy trends and perspectives This Shindi said would ensure that policy makers and other players in the sector can easily understand latest developments and the best roadmap to drive the energy transition In an online media Broadcast Sylva said NIES 2023 was primed to be a show stopper as it would be the valedictory edition of this administration The event will provide the platform for the administration to present its scorecard in the energy sector and also provide the opportunity to offer a roadmap for the next administration It is therefore an epoch and a must attend event for all the stakeholders in the industry As a tradition NIES 2023 will feature the highest level of attendance by top decision makers industry leaders and all stakeholders from both the public and private sectors from across Africa and the global energy community There will be a special dinner and other networking events with attendee ministers from other oil producing countries and heads of government delegation from other countries With the full backing of the Federal Government of Nigeria NIES has over the years witnessed the highest level of attendance by top decision makers industry leaders and all stakeholders from both the public and private sectors NIES has grown from year to year and remains the definitive platform not just for Nigeria but also for Africa to engage the global energy community Shindi said NIES is a federal government of Nigeria s official energy industry event with the Federal Ministry of Petroleum Resources and all its parastatals including the NNPC and Nigerian Content Development and Monitoring Board NCDMB Others are Nigerian Upstream Petroleum Regulatory Commission NURPC Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA Petroleum Technology Development Fund PTDF and Petroleum Training Institute PTI as joint hosts Still in the week under review the House of Representatives commended the National Petroleum Investment Management Services NAPIMS a subsidiary of the NNPC Ltd for the prompt provision of information on its assets and liabilities The House of Representatives Ad hoc Committee on Inventory Assets Liabilities and Joint Ventures of the NNPC gave the commendation during its oversight visit to NAPIMS The visit was part of its task of verifying NNPC s assets and liabilities with a view to determining which of the assets that would be transferred to the new NNPC Ltd as stipulated in the PIA Explaining the rationale behind the establishment of the Committee the Chairman of the Committee Rep Uju Kingsley Chima said the leadership of the House of Representatives believed that there was need for the assets of the old NNPC And that all its subsidiaries must be effectively verified for proper documentation prior to their transfer to the NNPC Ltd to ensure the take off of the new company on a sound footing The lawmaker expressed satisfaction with the presentations made by NAPIMS officials regarding its assets liabilities and challenges stressing that it would cumulatively help the committee to make appropriate recommendations to the during plenary He also said that the Committee would create time to visit the locations of some of the assets to assess their true state before preparing its report Earlier members of the Management Team of NAPIMS took turns to make presentations to the Committee on the various aspects of the agency s operations as well its existing assets and liabilities In her vote of thanks the General Manager External Relations NNPC Mrs Iyabode Ayobami Ojo expressed delight at the sustained support NNPC enjoyed from the legislature especially at this period of its transition from Corporation to limited liability company following the passage of the PIA In another development the Organisation of Petroleum Exporting Countries OPEC commiserated with the people and government of Imo State over last weekend s fire which was reported to have consumed no fewer than 100 people at a site of an illegal refinery Many victims were burnt beyond recognition during the incident which occurred after an illegal refinery exploded at Abaezi forest in the Ohaji Egbema Local Government Area of the state In a letter to the Governor of Imo State Sen Hope Uzodinma OPEC s Secretary General Dr Sanusi Barkindo decried the scale of destruction caused by the incident saying that the oil producers organisation received the sad news with deep shock Barkindo stressed that the loss of lives at the site was difficult to accept He commiserated with the heroic people of Imo state over the deaths and injuries suffered by those impacted by the blast It was with deep shock and sadness that I received the news of the tragic loss of lives following a fire at an illegal oil refining depot close to the border with Rivers State On behalf of OPEC I would like to extend our deepest sympathies to you and the people of Imo State at this difficult time Loss of life on this scale is very difficult to comprehend and our thoughts and prayers go to the families and friends of those afflicted by this tragedy as well as those recovering from their injuries We stand shoulder to shoulder with all who grieve at this difficult time We will also pray for the safety of the emergency response teams May the Almighty give the bereaved the fortitude to bear this unbearable loss Please accept Your Excellency the renewed assurances of my highest consideration and esteem Barkindo said While offering his condolences to the families of the victims earlier President Muhammadu Buhari demanded that those responsible for the explosions must be arrested and brought to justice The President also ordered security forces to intensify efforts to shut the illegal refineries It is noted that in recent times the NNPC Ltd Malam Mele Kyari had been advocating the support of the authorities security agencies host communities Nigerian Parliament and all stakeholders to curb the menace of crude oil theft proliferation of illegal plants where stolen crude oil are refined and pipeline vandalism that is causing the Nigerian nation huge revenue losses Visit us on for more details NAN
    NNPC Weekly: Kyari, Sylva reap benefits of hard work, bag media awards
     The Nigerian National Petroleum Company Limited NNPC Ltd started its activities for the week with the good news that Vanguard Newspapers nominated the company s Group Managing Director GMD Malam Mele Kyari for its 2021 Man of the Year Award The Chairman Editorial Board of Vanguard Newspapers Ochereome Nnanna disclosed this when he led other members of the company s management team to present the letter of nomination to the GMD Nnanna said that the selection of the Vanguard Man of the Year award was usually a very competitive and difficult process because of the stringent criteria deployed to arrive at the choice of the beneficiary of the award He noted that as a result of this painstaking process there were years in the past when the organiser could not find anyone fit for this category of award The GMD appreciated the newspaper for nominating him for the award adding that the award was coming at a time when the NNPC was undergoing huge transformation in line with the provisions of the Petroleum Industry Act PIA Kyari said there was an urgent need to focus on gas investment adding that as the economy was currently facing a challenging time such investment would help to guarantee energy security for the country The GMD explained that the NNPC has been transparently managed adding that it remained the only company in the world that publishes its monthly financial report In a related development the Management of Leadership Newspapers has also named Kyari as the CEO of the Year 2021 The notice of the nomination was conveyed to the NNPC helmsman by the Editor in Chief of Leadership Newspapers Mr Azu Ishiekwene during a visit to the NNPC Towers Responding Kyari said it was a privilege to be recognised by a reputable media organisation like Leadership Sylva and KyariMeanwhile the Minister of State for Petroleum Resources Chief Timipre Sylvia has been nominated by the Leadership Newspapers as its 2021 Public Service Person of the Year Award The Management of the newspaper led by the Vice Chairman of the Leadership Group Mr Mike Okpere made this known during a visit to present the letter of nomination to the Minister Speaking at the event Okpere said that the award was in recognition of Sylva s determination and resilience in pushing for the passage and signing into Law of the PIA and its aggressive implementation for the betterment of the oil and gas industry and the nation Receiving the notification letter the Minister described the award as an incentive that would spur him and the ministry to do more to continually improve the operational environment of the oil and gas industry and ultimately boost the nation s economy Sylva expressed gratitude to Leadership Newspapers for recognising the modest contributions made by him and other members of the ministry I really thank you for the award and I accept it because for me it s an endorsement of some of the humble contributions we ve made Coming from a very reputable Nigerian newspaper like Leadership deems it fit to give me an award makes me feel that at least my little efforts are being recognised The efforts I made I did not expect anyone to notice them but when such efforts are noticed by an organisation such as yours it gives us reason to be glad and it is an incentive for us to do more Also in the week the Ministry of Petroleum Resources unveiled plans for the 6th edition of the Nigeria International Energy Summit NIES 2023 It informed that the annual Conference themed Global Perspectives for a Sustainable Energy Future would hold in Abuja between April 16 and April 20 The Ministry explained that the theme of the summit was informed by the speed of change projected in the fossil fuels segment as the world pursues the energy transition agenda According to the Event Consultant and Managing Director of Brevity Anderson Mr James Shindi NIES 2023 will put on the front burner overarching global energy trends and perspectives This Shindi said would ensure that policy makers and other players in the sector can easily understand latest developments and the best roadmap to drive the energy transition In an online media Broadcast Sylva said NIES 2023 was primed to be a show stopper as it would be the valedictory edition of this administration The event will provide the platform for the administration to present its scorecard in the energy sector and also provide the opportunity to offer a roadmap for the next administration It is therefore an epoch and a must attend event for all the stakeholders in the industry As a tradition NIES 2023 will feature the highest level of attendance by top decision makers industry leaders and all stakeholders from both the public and private sectors from across Africa and the global energy community There will be a special dinner and other networking events with attendee ministers from other oil producing countries and heads of government delegation from other countries With the full backing of the Federal Government of Nigeria NIES has over the years witnessed the highest level of attendance by top decision makers industry leaders and all stakeholders from both the public and private sectors NIES has grown from year to year and remains the definitive platform not just for Nigeria but also for Africa to engage the global energy community Shindi said NIES is a federal government of Nigeria s official energy industry event with the Federal Ministry of Petroleum Resources and all its parastatals including the NNPC and Nigerian Content Development and Monitoring Board NCDMB Others are Nigerian Upstream Petroleum Regulatory Commission NURPC Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA Petroleum Technology Development Fund PTDF and Petroleum Training Institute PTI as joint hosts Still in the week under review the House of Representatives commended the National Petroleum Investment Management Services NAPIMS a subsidiary of the NNPC Ltd for the prompt provision of information on its assets and liabilities The House of Representatives Ad hoc Committee on Inventory Assets Liabilities and Joint Ventures of the NNPC gave the commendation during its oversight visit to NAPIMS The visit was part of its task of verifying NNPC s assets and liabilities with a view to determining which of the assets that would be transferred to the new NNPC Ltd as stipulated in the PIA Explaining the rationale behind the establishment of the Committee the Chairman of the Committee Rep Uju Kingsley Chima said the leadership of the House of Representatives believed that there was need for the assets of the old NNPC And that all its subsidiaries must be effectively verified for proper documentation prior to their transfer to the NNPC Ltd to ensure the take off of the new company on a sound footing The lawmaker expressed satisfaction with the presentations made by NAPIMS officials regarding its assets liabilities and challenges stressing that it would cumulatively help the committee to make appropriate recommendations to the during plenary He also said that the Committee would create time to visit the locations of some of the assets to assess their true state before preparing its report Earlier members of the Management Team of NAPIMS took turns to make presentations to the Committee on the various aspects of the agency s operations as well its existing assets and liabilities In her vote of thanks the General Manager External Relations NNPC Mrs Iyabode Ayobami Ojo expressed delight at the sustained support NNPC enjoyed from the legislature especially at this period of its transition from Corporation to limited liability company following the passage of the PIA In another development the Organisation of Petroleum Exporting Countries OPEC commiserated with the people and government of Imo State over last weekend s fire which was reported to have consumed no fewer than 100 people at a site of an illegal refinery Many victims were burnt beyond recognition during the incident which occurred after an illegal refinery exploded at Abaezi forest in the Ohaji Egbema Local Government Area of the state In a letter to the Governor of Imo State Sen Hope Uzodinma OPEC s Secretary General Dr Sanusi Barkindo decried the scale of destruction caused by the incident saying that the oil producers organisation received the sad news with deep shock Barkindo stressed that the loss of lives at the site was difficult to accept He commiserated with the heroic people of Imo state over the deaths and injuries suffered by those impacted by the blast It was with deep shock and sadness that I received the news of the tragic loss of lives following a fire at an illegal oil refining depot close to the border with Rivers State On behalf of OPEC I would like to extend our deepest sympathies to you and the people of Imo State at this difficult time Loss of life on this scale is very difficult to comprehend and our thoughts and prayers go to the families and friends of those afflicted by this tragedy as well as those recovering from their injuries We stand shoulder to shoulder with all who grieve at this difficult time We will also pray for the safety of the emergency response teams May the Almighty give the bereaved the fortitude to bear this unbearable loss Please accept Your Excellency the renewed assurances of my highest consideration and esteem Barkindo said While offering his condolences to the families of the victims earlier President Muhammadu Buhari demanded that those responsible for the explosions must be arrested and brought to justice The President also ordered security forces to intensify efforts to shut the illegal refineries It is noted that in recent times the NNPC Ltd Malam Mele Kyari had been advocating the support of the authorities security agencies host communities Nigerian Parliament and all stakeholders to curb the menace of crude oil theft proliferation of illegal plants where stolen crude oil are refined and pipeline vandalism that is causing the Nigerian nation huge revenue losses Visit us on for more details NAN
    NNPC Weekly: Kyari, Sylva reap benefits of hard work, bag media awards
    General news5 months ago

    NNPC Weekly: Kyari, Sylva reap benefits of hard work, bag media awards

    The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the week with the good news that Vanguard Newspapers nominated the company’s Group Managing Director (GMD) Malam Mele Kyari, for its 2021 Man of the Year Award.

    The Chairman Editorial Board of Vanguard Newspapers, Ochereome Nnanna, disclosed this when he led other members of the company’s management team to present the letter of nomination to the GMD.

    Nnanna said that the selection of the Vanguard Man of the Year award was usually a very competitive and difficult process because of the stringent criteria deployed to arrive at the choice of the beneficiary of the award.

    He noted that as a result of this painstaking process, there were years in the past when the organiser could not find anyone fit for this category of award.

    The GMD appreciated the newspaper for nominating him for the award, adding that the award was coming at a time when the NNPC was undergoing huge transformation in line with the provisions of the Petroleum Industry Act (PIA).

    Kyari said there was an urgent need to focus on gas investment, adding that as the economy was currently facing a challenging time, such investment would help to guarantee energy security for the country.

    The GMD explained that the NNPC has been transparently managed, adding that it remained the only company in the world that publishes its monthly financial report.

    In a related development, the Management of Leadership Newspapers has also named Kyari as the CEO of the Year 2021.

    The notice of the nomination was conveyed to the NNPC helmsman by the Editor-in-Chief of Leadership Newspapers, Mr Azu Ishiekwene, during a visit to the NNPC Towers.

    Responding, Kyari said it was a privilege to be recognised by a reputable media organisation like Leadership. Sylva and Kyari

    Meanwhile, the Minister of State for Petroleum Resources, Chief Timipre Sylvia, has been nominated by the Leadership Newspapers as its 2021 Public Service Person of the Year Award.

    The Management of the newspaper led by the Vice Chairman of the Leadership Group, Mr Mike Okpere, made this known during a visit to present the letter of nomination to the Minister.

    Speaking at the event, Okpere said that the award was in recognition of Sylva’s determination and resilience in pushing for the passage and signing into Law of the PIA and its aggressive implementation for the betterment of the oil and gas industry and the nation.

    Receiving the notification letter, the Minister described the award as an incentive that would spur him and the ministry to do more to continually improve the operational environment of the oil and gas industry and ultimately boost the nation’s economy.

    Sylva expressed gratitude to Leadership Newspapers for recognising the modest contributions made by him and other members of the ministry.

    “I really thank you for the award and I accept it because for me it’s an endorsement of some of the humble contributions we’ve made.

    “Coming from a very reputable Nigerian newspaper like Leadership deems it fit to give me an award makes me feel that at least my little efforts are being recognised.

    “The efforts I made I did not expect anyone to notice them but when such efforts are noticed by an organisation such as yours, it gives us reason to be glad and it is an incentive for us to do more”.

    Also in the week, the Ministry of Petroleum Resources unveiled plans for the 6th edition of the Nigeria International Energy Summit (NIES 2023).

    It informed that the annual Conference themed “Global Perspectives for a Sustainable Energy Future” would hold in Abuja between April 16 and April 20.

    The Ministry explained that the theme of the summit was informed by the speed of change projected in the fossil fuels segment as the world pursues the energy transition agenda.

    According to the Event Consultant and Managing Director of Brevity Anderson, Mr James Shindi, “NIES 2023 will put on the front burner overarching global energy trends and perspectives.

    This, Shindi said would ensure that policy makers and other players in the sector can easily understand latest developments and the best roadmap to drive the energy transition”.

    In an online media Broadcast, Sylva said “NIES 2023 was primed to be a show-stopper as it would be the valedictory edition of this administration.

    “The event will provide the platform for the administration to present its scorecard in the energy sector and also provide the opportunity to offer a roadmap for the next administration.

    “It is therefore an epoch and a must-attend event for all the stakeholders in the industry.

    “As a tradition, NIES 2023 will feature the highest level of attendance by top decision makers, industry leaders and all stakeholders from both the public and private sectors from across Africa and the global energy community.

    “There will be a special dinner and other networking events with attendee ministers from other oil producing countries and heads of government delegation from other countries.

    “With the full backing of the Federal Government of Nigeria, NIES has over the years witnessed the highest level of attendance by top decision makers, industry leaders and all stakeholders from both the public and private sectors.

    “NIES has grown from year to year and remains the definitive platform, not just for Nigeria, but also for Africa to engage the global energy community,” Shindi said.

    NIES is a federal government of Nigeria’s official energy industry event with the Federal Ministry of Petroleum Resources and all its parastatals including the NNPC and Nigerian Content Development and Monitoring Board (NCDMB).

    Others are Nigerian Upstream Petroleum Regulatory Commission (NURPC), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Petroleum Technology Development Fund (PTDF) and Petroleum Training Institute (PTI) as joint hosts.

    Still in the week under review, the House of Representatives commended the National Petroleum Investment Management Services (NAPIMS), a subsidiary of the NNPC Ltd., for the prompt provision of information on its assets and liabilities.

    The House of Representatives Ad-hoc Committee on Inventory, Assets, Liabilities and Joint Ventures of the NNPC gave the commendation during its oversight visit to NAPIMS.

    The visit was part of its task of verifying NNPC’s assets and liabilities with a view to determining which of the assets that would be transferred to the new NNPC Ltd. as stipulated in the PIA.

    Explaining the rationale behind the establishment of the Committee, the Chairman of the Committee, Rep. Uju Kingsley Chima, said the leadership of the House of Representatives believed that there was need for the assets of the old NNPC.

    And that all its subsidiaries must be effectively verified for proper documentation prior to their transfer to the NNPC Ltd., to ensure the take-off of the new company on a sound footing.

    The lawmaker expressed satisfaction with the presentations made by NAPIMS officials regarding its assets, liabilities and challenges, stressing that it would cumulatively help the committee to make appropriate recommendations to the during plenary.

    He also said that the Committee would create time to visit the locations of some of the assets to assess their true state before preparing its report.

    Earlier, members of the Management Team of NAPIMS took turns to make presentations to the Committee on the various aspects of the agency’s operations as well its existing assets and liabilities.

    In her vote of thanks, the General Manager, External Relations, NNPC, Mrs Iyabode Ayobami-Ojo, expressed delight at the sustained support NNPC enjoyed from the legislature, especially at this period of its transition from Corporation to limited liability company following the passage of the PIA.

    In another development, the Organisation of Petroleum Exporting Countries (OPEC) commiserated with the people and government of Imo State, over last weekend’s fire which was reported to have consumed no fewer than 100 people at a site of an illegal refinery.

    Many victims were burnt beyond recognition during the incident which occurred after an illegal refinery exploded at Abaezi forest in the Ohaji-Egbema Local Government Area of the state.

    In a letter to the Governor of Imo State, Sen. Hope Uzodinma, OPEC’s Secretary General, Dr Sanusi Barkindo, decried the scale of destruction caused by the incident, saying that the oil producers’ organisation, received the sad news with deep shock.

    Barkindo stressed that the loss of lives at the site was difficult to accept.

    He commiserated with the “heroic” people of Imo state over the deaths and injuries suffered by those impacted by the blast.

    “It was with deep shock and sadness that I received the news of the tragic loss of lives following a fire at an illegal oil refining depot close to the border with Rivers State.

    “On behalf of OPEC, I would like to extend our deepest sympathies to you and the people of Imo State at this difficult time.

    “Loss of life on this scale is very difficult to comprehend and our thoughts and prayers go to the families and friends of those afflicted by this tragedy, as well as those recovering from their injuries.

    “We stand shoulder-to-shoulder with all who grieve at this difficult time. We will also pray for the safety of the emergency response teams.  May the Almighty give the bereaved the fortitude to bear this unbearable loss.

    “Please accept, Your Excellency, the renewed assurances of my highest consideration and esteem,” Barkindo said.

    While offering his condolences to the families of the victims earlier, President Muhammadu Buhari demanded that those responsible for the explosions must be arrested and brought to justice.

    The President also ordered security forces to intensify efforts to shut the illegal refineries.

    It is noted that in recent times, the NNPC Ltd, Malam Mele Kyari had been advocating the support of the authorities, security agencies, host communities, Nigerian Parliament and all stakeholders to curb the menace of crude oil theft, proliferation of illegal plants where stolen crude oil are refined and pipeline vandalism that is causing the Nigerian nation huge revenue losses.

    Visit us on for more details.

    (NAN)