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  •  Four Federal Government agencies have generated a total of N28 02 trillion between 2017 and 2019 the Nigeria Extractive Industries Transparency Initiative NEITI report has said The agencies are the Nigerian National Petroleum Company Ltd NNPC Federal Inland Revenue Services FIRS Department of Petroleum Resources DPR now Nigeria Upstream Petroleum Regulatory Commission NUPRC and Ministry of Mines and Steel Development MMSD NEITI said on Thursday that the information and data were contained in the latest Fiscal Allocation and Statutory Disbursement FASD report it recently published covering 2017 to 2019 The report stated that out of the amount N22 68 trillion was remitted to the Federation Account The NEITI FASD report revealed that FIRS generated the sum of N13 48 trillion within the period under review with Petroleum Profit Tax PPT accounting for N5 80 trillion 43 09 per cent It added that Value Added Tax VAT and other taxes accounted for 32 per cent and 24 per cent respectively while it recorded highest revenue collection of N5 02 trillion in 2018 The report said that a total sum of N8 82 trillion was generated by the NNPC within the period It said the breakdown showed that N4 55 trillion came from domestic crude sales while export receipts accounted for N4 27 trillion It further disclosed that N5 33 trillion was deducted at source for Joint Venture JV cash call and others leaving the net amount of N3 49 trillion transferred to the Federation Account During the period under consideration a total of N8 82 trillion was generated However only N3 49 trillion 39 55 per cent was remitted to the Federation Account due to deductions at source by NNPC for JV cash calls The deductions at source by NNPC negate the principle of Federation Account the report said From the report DPR now NUPRC generated N3 53 trillion for the three years under review with royalty payments accounting for N3 40 trillion 96 41 per cent It said the agency however transferred N3 53 trillion to the Federation Account It said the audit established that the surplus of N6 72 billion was as a result of unremitted receipts from prior year The report further revealed that the Ministry of Mines and Steel Development MMSD generated N12 498 billion within the three years period The breakdown showed that Mining Inspectorate Department MID contributed N6 43 billion while Mining Cadastral Office MCO accounted for N6 06 billion The breakdown of the figures also showed that minerals and non minerals revenue contributed N12 84 trillion 56 61 per cent and N6 57 trillion 28 97 per cent respectively while VAT accounted for N3 27 trillion 14 42 per cent According to the report the audit covers four federal revenue generating and 11 beneficiary agencies that are involved in the management of extractive industries funds It said it also covered nine selected states Akwa Ibom Bayelsa Delta Gombe Imo Kano Nasarawa Ondo and Rivers It listed the beneficiary agencies as the Niger Delta Development Commission Tertiary Education Trust Fund Petroleum Trust Development Fund Petroleum Equalisation Funds Ecological Fund and Stabilisation Funds Others are the Nigerian Sovereign Investment Authority NSIA Development of Natural Resources Fund DNRF Excess Crude Account ECA Nigeria Content Development and Monitoring Board NCDMB and Petroleum Products Pricing Regulatory Agency PPPRA On the NDDC NEITI report revealed that 755 96 billion Naira was generated by the commission within the period under consideration The breakdown showed that N551 08 billion 73 per cent was contributed by oil and gas companies while the balance of 203 90 billion Naira 27 per cent was Federal Government s contribution to the commission The report further revealed that the total expenditure by the commission during the period under review was N882 3 billion Analysis of the expenditure showed that N778 29 billion 88 20 per cent expended on development projects while operational cost accounted for N104 07 billion 11 80 per cent of the total According to the report NEITI audit established that there was a gap between actual development projects expenditure as per audited financial statements and project monitoring list provided by the commission in the sum of N522 60 billion While N679 billion was reported in NDDC s financial statement the project monitoring list reported expenditure of N157 billion on physical projects among the nine member states it said The report however disclosed that 40 oil and gas companies defaulted in their payment obligation to the commission It said that the PTDF revenue for the period under review was put at N155 34 billion and 95 per cent came from signature bonus paid by oil and gas companies which was the main revenue source to the agency NEITI report revealed that out of N86 34 billion utilised by the agency within the period under review N59 84 billion was spent on core operating expenses while N26 35 billion and N143 million was for administrative expenses and capital respectively The report noted that the PTDF extended funding to 125 approved institutions 43 locals and 82 foreign institutions According to the NEITI report there was low expenditure compared with the revenue released during the years under review as only 56 per cent of revenue was utilised NEITI report put total receipts by Nigeria Content Development and Monitoring Board NCDMB for the three years under review at N126 73 billion It noted that one per cent of the NCDMB payment accounted for N116 95 billion 92 per cent of the revenue The Federal Government stopped funding the agency from its budget in 2017 According to the report 48 07 per cent of the revenue was used for operating expenses while 51 per cent was used for capital expenditure NEITI report disclosed that PPPRA received a total of N27 68 billion as subventions for the three years period It noted that the regime of subsidy payment on petroleum product was discontinued within the period under review The publication of FASD report is in fulfilment of the Nigeria s obligation to the global Extractive Industries Transparency Initiative EITI and in compliance with the provisions of the NEITI Act 2007 NAN
    Nigeria earned N28.02trn from 4 agencies in 3 years – NEITI
     Four Federal Government agencies have generated a total of N28 02 trillion between 2017 and 2019 the Nigeria Extractive Industries Transparency Initiative NEITI report has said The agencies are the Nigerian National Petroleum Company Ltd NNPC Federal Inland Revenue Services FIRS Department of Petroleum Resources DPR now Nigeria Upstream Petroleum Regulatory Commission NUPRC and Ministry of Mines and Steel Development MMSD NEITI said on Thursday that the information and data were contained in the latest Fiscal Allocation and Statutory Disbursement FASD report it recently published covering 2017 to 2019 The report stated that out of the amount N22 68 trillion was remitted to the Federation Account The NEITI FASD report revealed that FIRS generated the sum of N13 48 trillion within the period under review with Petroleum Profit Tax PPT accounting for N5 80 trillion 43 09 per cent It added that Value Added Tax VAT and other taxes accounted for 32 per cent and 24 per cent respectively while it recorded highest revenue collection of N5 02 trillion in 2018 The report said that a total sum of N8 82 trillion was generated by the NNPC within the period It said the breakdown showed that N4 55 trillion came from domestic crude sales while export receipts accounted for N4 27 trillion It further disclosed that N5 33 trillion was deducted at source for Joint Venture JV cash call and others leaving the net amount of N3 49 trillion transferred to the Federation Account During the period under consideration a total of N8 82 trillion was generated However only N3 49 trillion 39 55 per cent was remitted to the Federation Account due to deductions at source by NNPC for JV cash calls The deductions at source by NNPC negate the principle of Federation Account the report said From the report DPR now NUPRC generated N3 53 trillion for the three years under review with royalty payments accounting for N3 40 trillion 96 41 per cent It said the agency however transferred N3 53 trillion to the Federation Account It said the audit established that the surplus of N6 72 billion was as a result of unremitted receipts from prior year The report further revealed that the Ministry of Mines and Steel Development MMSD generated N12 498 billion within the three years period The breakdown showed that Mining Inspectorate Department MID contributed N6 43 billion while Mining Cadastral Office MCO accounted for N6 06 billion The breakdown of the figures also showed that minerals and non minerals revenue contributed N12 84 trillion 56 61 per cent and N6 57 trillion 28 97 per cent respectively while VAT accounted for N3 27 trillion 14 42 per cent According to the report the audit covers four federal revenue generating and 11 beneficiary agencies that are involved in the management of extractive industries funds It said it also covered nine selected states Akwa Ibom Bayelsa Delta Gombe Imo Kano Nasarawa Ondo and Rivers It listed the beneficiary agencies as the Niger Delta Development Commission Tertiary Education Trust Fund Petroleum Trust Development Fund Petroleum Equalisation Funds Ecological Fund and Stabilisation Funds Others are the Nigerian Sovereign Investment Authority NSIA Development of Natural Resources Fund DNRF Excess Crude Account ECA Nigeria Content Development and Monitoring Board NCDMB and Petroleum Products Pricing Regulatory Agency PPPRA On the NDDC NEITI report revealed that 755 96 billion Naira was generated by the commission within the period under consideration The breakdown showed that N551 08 billion 73 per cent was contributed by oil and gas companies while the balance of 203 90 billion Naira 27 per cent was Federal Government s contribution to the commission The report further revealed that the total expenditure by the commission during the period under review was N882 3 billion Analysis of the expenditure showed that N778 29 billion 88 20 per cent expended on development projects while operational cost accounted for N104 07 billion 11 80 per cent of the total According to the report NEITI audit established that there was a gap between actual development projects expenditure as per audited financial statements and project monitoring list provided by the commission in the sum of N522 60 billion While N679 billion was reported in NDDC s financial statement the project monitoring list reported expenditure of N157 billion on physical projects among the nine member states it said The report however disclosed that 40 oil and gas companies defaulted in their payment obligation to the commission It said that the PTDF revenue for the period under review was put at N155 34 billion and 95 per cent came from signature bonus paid by oil and gas companies which was the main revenue source to the agency NEITI report revealed that out of N86 34 billion utilised by the agency within the period under review N59 84 billion was spent on core operating expenses while N26 35 billion and N143 million was for administrative expenses and capital respectively The report noted that the PTDF extended funding to 125 approved institutions 43 locals and 82 foreign institutions According to the NEITI report there was low expenditure compared with the revenue released during the years under review as only 56 per cent of revenue was utilised NEITI report put total receipts by Nigeria Content Development and Monitoring Board NCDMB for the three years under review at N126 73 billion It noted that one per cent of the NCDMB payment accounted for N116 95 billion 92 per cent of the revenue The Federal Government stopped funding the agency from its budget in 2017 According to the report 48 07 per cent of the revenue was used for operating expenses while 51 per cent was used for capital expenditure NEITI report disclosed that PPPRA received a total of N27 68 billion as subventions for the three years period It noted that the regime of subsidy payment on petroleum product was discontinued within the period under review The publication of FASD report is in fulfilment of the Nigeria s obligation to the global Extractive Industries Transparency Initiative EITI and in compliance with the provisions of the NEITI Act 2007 NAN
    Nigeria earned N28.02trn from 4 agencies in 3 years – NEITI
    General news5 months ago

    Nigeria earned N28.02trn from 4 agencies in 3 years – NEITI

    Four Federal Government agencies have generated a total of N28.02 trillion between 2017 and 2019, the Nigeria Extractive Industries Transparency Initiative (NEITI) report has said.

    The agencies are: the Nigerian National Petroleum Company Ltd. (NNPC); Federal Inland Revenue Services (FIRS); Department of Petroleum Resources (DPR) now Nigeria Upstream Petroleum Regulatory Commission (NUPRC) and Ministry of Mines and Steel Development (MMSD).

    NEITI said on Thursday that the information and data were contained in the latest Fiscal Allocation and Statutory Disbursement (FASD) report, it recently published  covering 2017 to 2019.

    The report stated that out of the amount, N22.68 trillion was remitted to the Federation Account.

    The NEITI FASD report revealed that FIRS generated the sum of N13.48 trillion within the period under review with Petroleum Profit Tax (PPT) accounting for N5.80 trillion (43.09 per cent).

    It added that Value-Added Tax (VAT) and other taxes accounted for 32 per cent and 24 per cent respectively while it recorded highest revenue collection of N5.02 trillion in 2018.

    The report said that a total sum of N8.82 trillion was generated by the NNPC within the period.

    It said the breakdown showed that N4.55 trillion came from domestic crude sales, while export receipts accounted for N4.27 trillion.

    It further disclosed that N5.33 trillion was deducted at source for Joint Venture (JV) cash call and others, leaving the net amount of N3.49 trillion, transferred to the Federation Account.

    “During the period under consideration, a total of N8.82 trillion was generated. However, only N3.49 trillion (39.55 per cent) was remitted to the Federation Account due to deductions at source by NNPC for JV cash calls.

    “The deductions at source by NNPC negate the principle of Federation Account,” the report said.

    From the report, DPR (now NUPRC) generated N3.53 trillion for the three years under review, with royalty payments accounting for N3.40 trillion (96.41 per cent).

    It said the agency, however, transferred N3.53 trillion to the Federation Account.

    It said the audit established that the surplus of N6.72 billion was as a result of unremitted receipts from prior year.

    The report further revealed that the Ministry of Mines and Steel Development (MMSD) generated N12.498 billion within the three years period.

    The breakdown showed that Mining Inspectorate Department (MID) contributed N6.43 billion while Mining Cadastral Office (MCO) accounted for N6.06 billion.

    The breakdown of the figures also showed that minerals and non-minerals revenue contributed N12.84 trillion (56.61 per cent) and N6.57 trillion (28.97 per cent) respectively, while VAT accounted for N3.27 trillion (14.42 per cent).

    According to the report, the audit covers four federal revenue generating and 11 beneficiary agencies that are involved in the management of extractive industries funds.

    It said it also covered nine selected states: Akwa-Ibom; Bayelsa; Delta; Gombe; Imo; Kano; Nasarawa; Ondo and Rivers.

    It listed the beneficiary agencies as: the Niger Delta Development Commission; Tertiary Education Trust Fund; Petroleum Trust Development Fund; Petroleum Equalisation Funds; Ecological Fund and Stabilisation Funds.

    Others are: the Nigerian Sovereign Investment Authority (NSIA); Development of Natural Resources Fund (DNRF); Excess Crude Account (ECA); Nigeria Content Development and Monitoring Board (NCDMB) and Petroleum Products Pricing Regulatory Agency (PPPRA).

    On the NDDC, NEITI report revealed that 755.96 billion Naira was generated by the commission within the period under consideration.

    The breakdown showed that N551.08 billion (73 per cent) was contributed by oil and gas companies, while the balance of 203.90 billion Naira (27 per cent) was Federal Government’s contribution to the commission.

    The report further revealed that the total expenditure by the commission during the period under review was N882.3 billion.

    Analysis of the expenditure showed that N778.29 billion (88.20 per cent) expended on development projects, while operational cost accounted for N104.07 billion (11.80 per cent) of the total.

    According to the report, NEITI audit established that there was a gap between actual development projects expenditure as per audited financial statements and project monitoring list provided by the commission in the sum of N522.60 billion.

    “While N679 billion was reported in NDDC’s financial statement, the project monitoring list reported expenditure of N157 billion on physical projects among the nine member states,” it said.

    The report however, disclosed that 40 oil and gas companies defaulted in their payment obligation to the commission.

    It said that the PTDF revenue for the period under review was put at N155.34 billion and 95 per cent came from signature bonus paid by oil and gas companies which was the main revenue source to the agency.

    NEITI report revealed that out of N86.34 billion utilised by the agency within the period under review, N59.84 billion was spent on core operating expenses while N26.35 billion and N143 million was for administrative expenses and capital respectively.

    The report noted that the PTDF extended funding to 125 approved institutions, 43 locals and 82 foreign institutions.

    According to the NEITI report there was low expenditure compared with the revenue released during the years under review as only 56 per cent of revenue was utilised.

    NEITI report put total receipts by Nigeria Content Development and Monitoring Board (NCDMB) for the three years under review at N126.73 billion.

    It noted that one per cent of the NCDMB payment accounted for N116.95 billion (92 per cent) of the revenue.

    The Federal Government stopped funding the agency from its budget in 2017.

    According to the report, 48.07 per cent of the revenue was used for operating expenses while 51 per cent was used for capital expenditure.

    NEITI report disclosed that PPPRA received a total of N27.68 billion as subventions for the three years period.

    It noted that the regime of subsidy payment on petroleum product was discontinued within the period under review.

    The publication of FASD report is in fulfilment of the Nigeria’s obligation to the global Extractive Industries Transparency Initiative (EITI) and in compliance with the provisions of the NEITI Act 2007.

    (NAN)

  •  The Director General Nigerian Maritime Administration and Safety Agency NIMASA Dr Bashir Jamoh has emerged winner of Vanguard Public Sector Icon Maritime 2021 award Mr Edward Osagie Assistant Director Public Relations NIMASA made this known in a statement in Lagos on Wednesday The Editor of Vanguard Newspapers Mr Eze Anaba who announced this while presenting a conveyance letter to Jamoh in Lagos said there were other awardees Anaba listed them as President of the African Development Bank ADB Akinwunmi Adesina Group Managing Director of the Nigerian National Petroleum Corporation NNPC Mele Kyari Gov Godwin Obaseki of Edo amongst others Anaba noted that the screening committee of the Vanguard Awards reviewed Jamoh s nomination critically and all indices in good corporate governance pointed at the NIMASA DG as an outstanding public sector official in 2021 He said the consistency of the Jamoh led management at NIMASA in growing capacity for the Nigerian maritime industry despite not being a revenue generating agency was considered He added that the NIMASA management under his watch had effectively blocked leakages and increased contributions to the consolidated revenue fund exponentially in 2021 He reached an all time high of over N37 billion naira The International Maritime Bureau IMB on March 3 announced the removal of Nigeria from the global Piracy list as a result of sustained decline in piracy activities in Nigerian maritime domain The Secretary General of the International Maritime Organisation IMO Kitack Lim during the Marine Protection Committee meeting last week recognised Nigeria for the steady progress in the fight against piracy in the Gulf of Guinea They also commended collaboration amongst regional bodies in the quest to achieve improved safety and security of commercial shipping he said Jamoh appreciated the organisers for the recognition noting that it was a call to serve more This recognition coming from a reputable organisation such as Vanguard is a call to serve more Since March 3 when Nigeria was delisted from the global piracy list by the IMB our new challenge now is that of sustenance We will continue in our collaboration with all relevant stakeholders locally and internationally to ensure a sustainable development of the Nigerian maritime industry he said NAN
    NIMASA boss bags Maritime Public Sector Icon award
     The Director General Nigerian Maritime Administration and Safety Agency NIMASA Dr Bashir Jamoh has emerged winner of Vanguard Public Sector Icon Maritime 2021 award Mr Edward Osagie Assistant Director Public Relations NIMASA made this known in a statement in Lagos on Wednesday The Editor of Vanguard Newspapers Mr Eze Anaba who announced this while presenting a conveyance letter to Jamoh in Lagos said there were other awardees Anaba listed them as President of the African Development Bank ADB Akinwunmi Adesina Group Managing Director of the Nigerian National Petroleum Corporation NNPC Mele Kyari Gov Godwin Obaseki of Edo amongst others Anaba noted that the screening committee of the Vanguard Awards reviewed Jamoh s nomination critically and all indices in good corporate governance pointed at the NIMASA DG as an outstanding public sector official in 2021 He said the consistency of the Jamoh led management at NIMASA in growing capacity for the Nigerian maritime industry despite not being a revenue generating agency was considered He added that the NIMASA management under his watch had effectively blocked leakages and increased contributions to the consolidated revenue fund exponentially in 2021 He reached an all time high of over N37 billion naira The International Maritime Bureau IMB on March 3 announced the removal of Nigeria from the global Piracy list as a result of sustained decline in piracy activities in Nigerian maritime domain The Secretary General of the International Maritime Organisation IMO Kitack Lim during the Marine Protection Committee meeting last week recognised Nigeria for the steady progress in the fight against piracy in the Gulf of Guinea They also commended collaboration amongst regional bodies in the quest to achieve improved safety and security of commercial shipping he said Jamoh appreciated the organisers for the recognition noting that it was a call to serve more This recognition coming from a reputable organisation such as Vanguard is a call to serve more Since March 3 when Nigeria was delisted from the global piracy list by the IMB our new challenge now is that of sustenance We will continue in our collaboration with all relevant stakeholders locally and internationally to ensure a sustainable development of the Nigerian maritime industry he said NAN
    NIMASA boss bags Maritime Public Sector Icon award
    Economy5 months ago

    NIMASA boss bags Maritime Public Sector Icon award

    The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has emerged winner of Vanguard Public Sector Icon, Maritime, 2021 award.

    Mr Edward Osagie, Assistant Director, Public Relations, NIMASA made this known in a statement in Lagos on Wednesday.

    The Editor of Vanguard Newspapers, Mr Eze Anaba, who announced this while presenting a conveyance letter to Jamoh in Lagos, said there were other awardees.

    Anaba listed them as: President of the African Development Bank (ADB) Akinwunmi Adesina, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, Gov. Godwin Obaseki of Edo, amongst others.

    Anaba noted that the screening committee of the Vanguard Awards reviewed Jamoh’s nomination critically and all indices in good corporate governance pointed at the NIMASA DG as an outstanding public sector official in 2021.

    He said the consistency of the Jamoh-led management at NIMASA in growing capacity for the Nigerian maritime industry, despite not being a revenue generating agency was considered.

    He added that the NIMASA management under his watch had effectively blocked leakages and increased contributions to the consolidated revenue fund exponentially in 2021.

    “He reached an all-time high of over N37 billion naira.

    “The International Maritime Bureau (IMB) on March 3 announced the removal of Nigeria from the global Piracy list as a result of sustained decline in piracy activities in Nigerian maritime domain.

    “The Secretary General of the International Maritime Organisation (IMO), Kitack Lim, during the Marine Protection Committee meeting last week recognised Nigeria for the steady progress in the fight against piracy in the Gulf of Guinea.

    “They also commended collaboration amongst regional bodies in the quest to achieve improved safety and security of commercial shipping,” he said.

    Jamoh appreciated the organisers for the recognition, noting that it was a call to serve more.

    “This recognition coming from a reputable organisation such as Vanguard is a call to serve more. Since March 3 when Nigeria was delisted from the global piracy list by the IMB, our new challenge now is that of sustenance.

    “We will continue in our collaboration with all relevant stakeholders locally and internationally to ensure a sustainable development of the Nigerian maritime industry,” he said.

    (NAN)

  •  The Nigerian National Petroleum Company Limited NNPC Ltd started its activities for the week with a move by stakeholders to begin the implementation of the Petroleum Industry Act PIA in the upstream sector of the nation s oil and gas industry Minister of State for Petroleum Resources Chief Timipre Sylva said at a 2 day upstream stakeholders forum organised by the Nigerian Upstream Petroleum Regulatory Commission NUPRC in Abuja that the process of ratifying the first set of regulations was on Sylva said the regulations would govern the sector in line with Section 216 of the PIA and that the forum was convened to enable stakeholders provide inputs to fine tune key regulations as prepared by the NUPRC and the Presidential Steering Committee It is believed that a robust engagement such as this will create the platform for all of us to brainstorm in a constructive manner It will also harness the necessary inputs from various stakeholders to further clarify the draft regulations and the eventual firming up of the final regulations for use The Minister stated that though the PIA had removed the uncertainties that hampered investments in the sector strong regulations were required to keep the industry vibrant and relevant He called on the stakeholders to embrace innovation in their operations to enable the industry survive the challenges imposed by the global energy transition However the challenge posed by the huge divestments in the hydrocarbon explorations by oil majors in the country in the past as a result of the global energy transition calls for more innovative ways in the exploitation and exploration of fossil fuel in the country If we must continue to be relevant at the global stage we must in designing any regulation put in focus how we can balance the energy base load for Nigeria This will ensure that we will not be left behind in the energy transition train while still harnessing our rich natural hydrocarbon reserves Gbenga Komolafe Speaking earlier the Chief Executive Officer of the NUPRC Mr Gbenga Komolafe explained that the forum had become a statutory prescription and a critical milestone in the implementation of the PIA He said that as a law abiding agency it was binding on the NUPRC to work expeditiously towards finalising the regulations for the upstream sector of oil and gas industry This he said would help in keeping with specific timelines as provided in the PIA Also aside from the statutory imperative on the part of the commission to have the regulations finalised in time specific manner there is also the compelling need for us as a nation to conclude the regulation making process for implementation of the PIA This will ensure that the PIA is in full throttle and in a manner that will enable Nigeria hedge against the impact of energy transition while taking advantage of the oil and gas supply gap resulting from the current developments in Russia and Ukraine He listed the six draft regulations up for review at the forum to include the Nigerian Upstream Fee and Rent Regulations the Petroleum Licensing Round Regulations and the Domestic Gas Delivery Obligations Regulations Others are the Nigeria Conversion Regulations the Nigeria Royalty Regulations and the Nigeria Host Community Commission Regulations He said that the commission would carry out other similar stakeholders engagements in the course of the implementation of the PIA Still in the week under review the NNPC Ltd and its partners TotalEnergies China National Offshore Oil Corporation Prime 130 and Sapetro inaugurated four projects in Cross River Delta and Rivers in line with their Corporate Social Responsibility CSR policies The projects which include a maternal and child referral centre located in the University of Calabar Teaching Hospital UCTH Cross River boreholes and water treatment plants at Ikiri Rivers State Warri in Delta State and Odukpani in Cross River were all recently inaugurated and handed over to the beneficiary communities Speaking at the event the Group General Manager National Petroleum Investment Management Services NAPIMS Mr Bala Wunti said that the NNPC Ltd was committed to the implementation of projects that guarantees sustainable development of its host communities These projects were borne out of the need to mitigate the obvious gaps in healthcare quality education water and women and youth empowerment as stipulated by the relevant Sustainable Development Goals SDGs NNPC and its partners are socially responsible organisations that are committed to improving the livelihood of the citizens of our great country Wunti said On his part Managing Director TotalEnergies upstream companies in Nigeria Mr Mike Sangster said that the projects were designed to reduce the negative impacts of the lack of qualitative and technical education Sangster said that the projects were also designed to reduce maternal and child health access to clean water and women and youth empowerment He also stated that the projects sites were carefully chosen for maximum impact as derived from the needs assessment carried out prior to their conception and subsequent deployment It is important to note that the implementation of these projects was achieved through the novel Project Managers approach This approach which is new in the industry permits the delivery of projects in remote and challenging environments while ensuring the use of local expertise and stakeholder engagement I am very happy that the pilot projects are successfully executed We are using the Return on Experience to improve our processes and deliver our second and third phases faster and better Sangster said TotalEnergies logoin a related development NNPC and its partner Shell Nigeria Exploration and Production Company Limited SNEPCo donated a state of the art Information and Communication Technology ICT Centre to the Federal University of Petroleum Resources Effurun Delta State The 100 seater One Storey building was built and equipped by the NNPC and SNEPCo Joint Venture to promote research teaching and learning in a conducive environment Speaking at the inauguration of the project the Governor of Delta State Dr Ifeanyi Okowa said the facility would go a long way in expanding the capacity of the students and staff of the university and enable them compete locally and globally The Governor who was represented by the state Commissioner for Science and Technology Jennifer Adesen Efeviroro applauded NNPC and SNEPCo for their intervention An ICT Centre in the modern world has an immense economic significance and prudent application of the facility to research teaching and learning would catalyse innovations that would stand the university out among its peers The Group General Manager of NAPIMS Mr Bala Wunti described the project as a delight to NNPC Wunti noted that NNPC was committed to making significant impact in the lives of every Nigerian through the delivery of life enhancing projects as the ones being inaugurated We are keen on touching lives in many positive ways and this intervention like many others delivered through our partners will go a long way in grooming Nigerian youths for the technological evolution in the world he said Wunti who was represented by the Deputy Manager External Affairs NAPIMS Mrs Edith Lawson said that the ICT Centre would help create a pool of IT savvy professionals whose skills would be of high necessity and demand globally The ICT centre is equipped with 100 computers with licensed software a WIFI lounge computer laboratories conference rooms a lecture hall office spaces and equipment rooms The facility also included smart interactive boards and a 100KVA generator Meanwhile the Minister of State for Petroleum Resources Chief Timipre Sylva called for increased investments in the nation s oil and gas industry to boost gas development and supply as European countries turn to Nigeria for their gas supply needs The Minister made the call during a visit of the delegation from the Kingdom of Belgium led by its Ambassador to Nigeria Mr Daniel Dargent While welcoming the Belgian delegation Sylva said that with its abundant natural gas resources Nigeria was well positioned to fill the current gas supply gap being experienced in parts of Europe He however said that there was need to increase investments in gas development in the country to fully achieve the aspiration of boosting gas exports The Minister also urged investors to explore the opportunities in the nation s downstream sector especially in the areas of gas plants and pipelines to support the promotion of Federal Government s plan to introduce Auto gas Speaking earlier on the purpose of the visit Dargent said the Kingdom of Belgium was interested in importing more gas from Nigeria and would like to know what challenges the country had in achieving that He promised to provide the Minister with a list of potential investors by June 2022 and to follow up with discussions in October when the group of Belgian investors were expected to be on ground in the country Visit us on for more details NAN
    NNPC Weekly: PIA takes effect in upstream oil sector regulation
     The Nigerian National Petroleum Company Limited NNPC Ltd started its activities for the week with a move by stakeholders to begin the implementation of the Petroleum Industry Act PIA in the upstream sector of the nation s oil and gas industry Minister of State for Petroleum Resources Chief Timipre Sylva said at a 2 day upstream stakeholders forum organised by the Nigerian Upstream Petroleum Regulatory Commission NUPRC in Abuja that the process of ratifying the first set of regulations was on Sylva said the regulations would govern the sector in line with Section 216 of the PIA and that the forum was convened to enable stakeholders provide inputs to fine tune key regulations as prepared by the NUPRC and the Presidential Steering Committee It is believed that a robust engagement such as this will create the platform for all of us to brainstorm in a constructive manner It will also harness the necessary inputs from various stakeholders to further clarify the draft regulations and the eventual firming up of the final regulations for use The Minister stated that though the PIA had removed the uncertainties that hampered investments in the sector strong regulations were required to keep the industry vibrant and relevant He called on the stakeholders to embrace innovation in their operations to enable the industry survive the challenges imposed by the global energy transition However the challenge posed by the huge divestments in the hydrocarbon explorations by oil majors in the country in the past as a result of the global energy transition calls for more innovative ways in the exploitation and exploration of fossil fuel in the country If we must continue to be relevant at the global stage we must in designing any regulation put in focus how we can balance the energy base load for Nigeria This will ensure that we will not be left behind in the energy transition train while still harnessing our rich natural hydrocarbon reserves Gbenga Komolafe Speaking earlier the Chief Executive Officer of the NUPRC Mr Gbenga Komolafe explained that the forum had become a statutory prescription and a critical milestone in the implementation of the PIA He said that as a law abiding agency it was binding on the NUPRC to work expeditiously towards finalising the regulations for the upstream sector of oil and gas industry This he said would help in keeping with specific timelines as provided in the PIA Also aside from the statutory imperative on the part of the commission to have the regulations finalised in time specific manner there is also the compelling need for us as a nation to conclude the regulation making process for implementation of the PIA This will ensure that the PIA is in full throttle and in a manner that will enable Nigeria hedge against the impact of energy transition while taking advantage of the oil and gas supply gap resulting from the current developments in Russia and Ukraine He listed the six draft regulations up for review at the forum to include the Nigerian Upstream Fee and Rent Regulations the Petroleum Licensing Round Regulations and the Domestic Gas Delivery Obligations Regulations Others are the Nigeria Conversion Regulations the Nigeria Royalty Regulations and the Nigeria Host Community Commission Regulations He said that the commission would carry out other similar stakeholders engagements in the course of the implementation of the PIA Still in the week under review the NNPC Ltd and its partners TotalEnergies China National Offshore Oil Corporation Prime 130 and Sapetro inaugurated four projects in Cross River Delta and Rivers in line with their Corporate Social Responsibility CSR policies The projects which include a maternal and child referral centre located in the University of Calabar Teaching Hospital UCTH Cross River boreholes and water treatment plants at Ikiri Rivers State Warri in Delta State and Odukpani in Cross River were all recently inaugurated and handed over to the beneficiary communities Speaking at the event the Group General Manager National Petroleum Investment Management Services NAPIMS Mr Bala Wunti said that the NNPC Ltd was committed to the implementation of projects that guarantees sustainable development of its host communities These projects were borne out of the need to mitigate the obvious gaps in healthcare quality education water and women and youth empowerment as stipulated by the relevant Sustainable Development Goals SDGs NNPC and its partners are socially responsible organisations that are committed to improving the livelihood of the citizens of our great country Wunti said On his part Managing Director TotalEnergies upstream companies in Nigeria Mr Mike Sangster said that the projects were designed to reduce the negative impacts of the lack of qualitative and technical education Sangster said that the projects were also designed to reduce maternal and child health access to clean water and women and youth empowerment He also stated that the projects sites were carefully chosen for maximum impact as derived from the needs assessment carried out prior to their conception and subsequent deployment It is important to note that the implementation of these projects was achieved through the novel Project Managers approach This approach which is new in the industry permits the delivery of projects in remote and challenging environments while ensuring the use of local expertise and stakeholder engagement I am very happy that the pilot projects are successfully executed We are using the Return on Experience to improve our processes and deliver our second and third phases faster and better Sangster said TotalEnergies logoin a related development NNPC and its partner Shell Nigeria Exploration and Production Company Limited SNEPCo donated a state of the art Information and Communication Technology ICT Centre to the Federal University of Petroleum Resources Effurun Delta State The 100 seater One Storey building was built and equipped by the NNPC and SNEPCo Joint Venture to promote research teaching and learning in a conducive environment Speaking at the inauguration of the project the Governor of Delta State Dr Ifeanyi Okowa said the facility would go a long way in expanding the capacity of the students and staff of the university and enable them compete locally and globally The Governor who was represented by the state Commissioner for Science and Technology Jennifer Adesen Efeviroro applauded NNPC and SNEPCo for their intervention An ICT Centre in the modern world has an immense economic significance and prudent application of the facility to research teaching and learning would catalyse innovations that would stand the university out among its peers The Group General Manager of NAPIMS Mr Bala Wunti described the project as a delight to NNPC Wunti noted that NNPC was committed to making significant impact in the lives of every Nigerian through the delivery of life enhancing projects as the ones being inaugurated We are keen on touching lives in many positive ways and this intervention like many others delivered through our partners will go a long way in grooming Nigerian youths for the technological evolution in the world he said Wunti who was represented by the Deputy Manager External Affairs NAPIMS Mrs Edith Lawson said that the ICT Centre would help create a pool of IT savvy professionals whose skills would be of high necessity and demand globally The ICT centre is equipped with 100 computers with licensed software a WIFI lounge computer laboratories conference rooms a lecture hall office spaces and equipment rooms The facility also included smart interactive boards and a 100KVA generator Meanwhile the Minister of State for Petroleum Resources Chief Timipre Sylva called for increased investments in the nation s oil and gas industry to boost gas development and supply as European countries turn to Nigeria for their gas supply needs The Minister made the call during a visit of the delegation from the Kingdom of Belgium led by its Ambassador to Nigeria Mr Daniel Dargent While welcoming the Belgian delegation Sylva said that with its abundant natural gas resources Nigeria was well positioned to fill the current gas supply gap being experienced in parts of Europe He however said that there was need to increase investments in gas development in the country to fully achieve the aspiration of boosting gas exports The Minister also urged investors to explore the opportunities in the nation s downstream sector especially in the areas of gas plants and pipelines to support the promotion of Federal Government s plan to introduce Auto gas Speaking earlier on the purpose of the visit Dargent said the Kingdom of Belgium was interested in importing more gas from Nigeria and would like to know what challenges the country had in achieving that He promised to provide the Minister with a list of potential investors by June 2022 and to follow up with discussions in October when the group of Belgian investors were expected to be on ground in the country Visit us on for more details NAN
    NNPC Weekly: PIA takes effect in upstream oil sector regulation
    General news6 months ago

    NNPC Weekly: PIA takes effect in upstream oil sector regulation

    The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the week with a move by stakeholders to begin the implementation of the Petroleum Industry Act (PIA) in the upstream sector of the nation’s oil and gas industry.

    Minister of State for Petroleum Resources, Chief Timipre Sylva said at a 2-day upstream stakeholders’ forum organised by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja that the process of ratifying the first set of regulations was on.

    Sylva said the regulations would govern the sector in line with Section 216 of the PIA and that the forum was convened to enable stakeholders provide inputs to fine-tune key regulations as prepared by the NUPRC and the Presidential Steering Committee.

    “It is believed that a robust engagement such as this will create the platform for all of us to brainstorm in a constructive manner.

    “It will also harness the necessary inputs from various stakeholders to further clarify the draft regulations and the eventual firming up of the final regulations for use.”

    The Minister stated that though the PIA had removed the uncertainties that hampered investments in the sector, strong regulations were required to keep the industry vibrant and relevant.

    He called on the stakeholders to embrace innovation in their operations to enable the industry survive the challenges imposed by the global energy transition.

    “However, the challenge posed by the huge divestments in the hydrocarbon explorations by oil majors in the country in the past as a result of the global energy transition calls for more innovative ways in the exploitation and exploration of fossil fuel in the country.

    “If we must continue to be relevant at the global stage, we must, in designing any regulation, put in focus how we can balance the energy base-load for Nigeria.

    “This will ensure that we will not be left behind in the energy transition train while still harnessing our rich natural hydrocarbon reserves.” Gbenga Komolafe

     

    Speaking earlier, the Chief Executive Officer of the NUPRC, Mr Gbenga Komolafe, explained that the forum had become a statutory prescription and a critical milestone in the implementation of the PIA.

    He said that as a law-abiding agency, it was binding on the NUPRC to work expeditiously towards finalising the regulations for the upstream sector of oil and gas industry.

    This, he said would help in keeping with specific timelines as provided in the PIA.

    “Also, aside from the statutory imperative on the part of the commission to have the regulations finalised in time-specific manner, there is also the compelling need for us as a nation to conclude the regulation-making process for implementation of the PIA.

    “This will ensure that the PIA is in full throttle and in a manner that will enable Nigeria hedge against the impact of energy transition while taking advantage of the oil and gas supply gap resulting from the current developments in Russia and Ukraine.”

    He listed the six draft regulations up for review at the forum to include: the Nigerian Upstream Fee and Rent Regulations, the Petroleum Licensing Round Regulations and the Domestic Gas Delivery Obligations Regulations.

    Others are the Nigeria Conversion Regulations, the Nigeria Royalty Regulations and the Nigeria Host Community (Commission) Regulations.

    He said that the commission would carry out other similar stakeholders’ engagements in the course of the implementation of the PIA.

    Still in the week under review, the NNPC Ltd. and its partners – TotalEnergies, China National Offshore Oil Corporation, Prime 130 and Sapetro inaugurated four projects in Cross River, Delta and Rivers in line with their Corporate Social Responsibility (CSR) policies.

    The projects which include a maternal and child referral centre located in the University of Calabar Teaching Hospital (UCTH), Cross River, boreholes and water treatment plants at Ikiri, Rivers State, Warri in Delta State, and Odukpani, in Cross River, were all recently inaugurated and handed over to the beneficiary communities.

    Speaking at the event, the Group General Manager, National Petroleum Investment Management Services (NAPIMS), Mr Bala Wunti, said that the NNPC Ltd. was committed to the implementation of projects that guarantees sustainable development of its host communities.

    “These projects were borne out of the need to mitigate the obvious gaps in healthcare, quality education, water, and women and youth empowerment as stipulated by the relevant Sustainable Development Goals (SDGs).

    “NNPC and its partners are socially responsible organisations that are committed to improving the livelihood of the citizens of our great country,” Wunti said.

    On his part, Managing Director, TotalEnergies upstream companies in Nigeria, Mr Mike Sangster, said that the projects were designed to reduce the negative impacts of the lack of qualitative and technical education.

    Sangster said that the projects were also designed to reduce maternal and child health, access to clean water, and women and youth empowerment.

    He also stated that the projects’ sites were carefully chosen for maximum impact, as derived from the needs’ assessment carried out prior to their conception and subsequent deployment.

    “It is important to note that the implementation of these projects was achieved through the novel “Project Managers” approach.

    “This approach which is new in the industry permits the delivery of projects in remote and challenging environments while ensuring the use of local expertise and stakeholder engagement.

    “I am very happy that the pilot projects are successfully executed. We are using the Return on Experience, to improve our processes and deliver our second and third phases faster and better,” Sangster said. TotalEnergies logo

    in a related development, NNPC and its partner, Shell Nigeria Exploration and Production Company Limited (SNEPCo), donated a state-of-the-art Information and Communication Technology (ICT) Centre to the Federal University of Petroleum Resources, Effurun, Delta State.

    The 100-seater One-Storey building was built and equipped by the NNPC and SNEPCo Joint Venture to promote research, teaching and learning in a conducive environment.

    Speaking at the inauguration of the project, the Governor of Delta State, Dr Ifeanyi Okowa said the facility would go a long way in expanding the capacity of the students and staff of the university and enable them compete locally and globally.

    The Governor, who was represented by the state Commissioner for Science and Technology, Jennifer Adesen-Efeviroro, applauded NNPC and SNEPCo for their intervention.

    “An ICT Centre in the modern world has an immense economic significance and prudent application of the facility to research, teaching and learning would catalyse innovations that would stand the university out among its peers.

    The Group General Manager of NAPIMS, Mr Bala Wunti described the project as a delight to NNPC.

    Wunti noted that NNPC was committed to making significant impact in the lives of every Nigerian through the delivery of life enhancing projects as the ones being inaugurated.

    “We are keen on touching lives in many positive ways and this intervention, like many others delivered through our partners, will go a long way in grooming Nigerian youths for the technological evolution in the world,” he said.

    Wunti, who was represented by the Deputy Manager, External Affairs, NAPIMS, Mrs Edith Lawson, said that the ICT Centre would help create a pool of IT savvy professionals whose skills would be of high necessity and demand globally.

    The ICT centre is equipped with 100 computers with licensed software, a WIFI lounge, computer laboratories, conference rooms, a lecture hall, office spaces and equipment rooms.

    The facility also included smart interactive boards, and a 100KVA generator.

    Meanwhile, the Minister of State for Petroleum Resources, Chief Timipre Sylva, called for increased investments in the nation’s oil and gas industry to boost gas development and supply as European countries turn to Nigeria for their gas supply needs.

    The Minister made the call during a visit of the delegation from the Kingdom of Belgium led by its Ambassador to Nigeria, Mr Daniel Dargent.

    While welcoming the Belgian delegation, Sylva said that with its abundant natural gas resources, Nigeria was well positioned to fill the current gas supply gap being experienced in parts of Europe.

    He, however, said that there was need to increase investments in gas development in the country to fully achieve the aspiration of boosting gas exports.

    The Minister also urged investors to explore the opportunities in the nation’s downstream sector, especially in the areas of gas plants and pipelines to support the promotion of Federal Government’s plan to introduce Auto-gas.

    Speaking earlier on the purpose of the visit, Dargent said the Kingdom of Belgium was interested in importing more gas from Nigeria and would like to know what challenges the country had in achieving that.

    He promised to provide the Minister with a list of potential investors by June 2022 and to follow up with discussions in October when the group of Belgian investors were expected to be on ground in the country.

    Visit us on for more details.

    (NAN)

  •  The House of Representatives Ad hoc Committee investigating the state of refineries in Nigeria has issued a 7 day ultimatum to the Minister of State for Petroleum to appear before the committee or risk the wrath of the law The Chairman of the committee Rep Ganiyu Abiodun APC Lagos state issued the ultimatum at a press conference on Thursday in Abuja Also to appear before the committee is the Group Managing Director GMD of Nigerian National Petroleum Corporation NNPC and the General Managers of the refineries in Port Harcourt Warri and Kaduna Abiodun said the committee was forced to issue the ultimatum following failure of the officials to honour three invitations earlier sent to them We are compelled to hold this press conference because of the continued refusal and flagrant disregard of the GMD of the NNPC the minister of state for petroleum resources and the general managers of Port Harcourt Warri and Kaduna refineries to the invitations to appear before the committee We consider this continued refusal and negligence to appear before the committee as disrespect to the Leadership of the National Assembly of the Federal Republic of Nigeria The committee is worried that the Port Harcourt Refining Company PHRC Warri Refinery and Petrochemicals Company WRPC and Kaduna Refinery and Petrochemicals Company KRPC had all been operating at gross losses since 2010 before they were finally shut down in 2019 This committee has the mandate of the house of representatives and the constitutional responsibility to demand accountability from those in positions of managing our resources It is worrisome that the GMD of the NNPC the ninister of state for petroleum resources and the general managers of Port Harcourt Warri and Kaduna refineries have refused on three invitations to appear before the committee to account for the billions of dollars spent on the rehabilitation of the refineries over the years As chairman of this honourable committee I hereby summon the GMD of the NNPC the mnister of state for petroleum resources and the general managers of Port Harcourt Warri and Kaduna refineries to appear before the committee on Thursday April 28 2022 to avoid legal constitutional and parliamentary measures to be taken against them in order to compel them to appear he said The rep said the committee was aware that the NNPC recently awarded contracts for rehabilitation of refineries in the following sums WRPC 900 million dollars PHRC 1 5 billion dollars and KRPC 1 3 billion dollars He recalled that the committee was constituted to determine actual cost of rehabilitating the refineries and what was needed to bring them back to maximum refining capacity According to him the committee is mandated to determine the true state of the refineries ascertain the actual cost of rehabilitating and what is needed for the refineries to function at maximum capacity He said the committee relied on relevant laws and pursuant to the provisions of Sections 62 88 and 89 of the Constitution of the Federal Republic of Nigeria 1999 as amended The rep said the committee requested the GMD of the NNPC to provide a status report on the nation s refineries and the actual cost of rehabilitating the refineries from 2012 to date The committee specifically requested the GMD to provide the following an appraisal of the current state of refineries in the Country Port Harcourt Refining Company PHRC Warri Refining and Petrochemical Company Limited WRPC and Kaduna Refining and Petrochemical Company Limited KRPC from year 2012 to date Copies of annual budgets on rehabilitation by the refineries PHRC WRPC and KRPC from 2012 to date and a list of releases for rehabilitation of refineries from 2012 to date List of all contracts awarded for rehabilitation of refineries and award letters issued to service providers and contractors and the Actual Cost of Projects Contracts and Review if any stated in Naira Work Completion Certificates issued on rehabilitation projects carried out on refineries evidence of payments made for all such contracts awarded from year 2012 to date List of service providers and contractors that handled the rehabilitation of refineries and any other relevant information to assist the Committee in the course of this assignment he said The lawmaker said that as members of the national assembly and representatives of the people they had the constitutional duty to name and demand from those responsible He said that legislators needed to know the problems besetting the refineries in order to proffer solutions for a sustainable future and for the benefit of all Nigerians Source Credit NAN
    Reps C’ttee summons Petroleum Minister, NNPC’ GMD, others over state of refineries
     The House of Representatives Ad hoc Committee investigating the state of refineries in Nigeria has issued a 7 day ultimatum to the Minister of State for Petroleum to appear before the committee or risk the wrath of the law The Chairman of the committee Rep Ganiyu Abiodun APC Lagos state issued the ultimatum at a press conference on Thursday in Abuja Also to appear before the committee is the Group Managing Director GMD of Nigerian National Petroleum Corporation NNPC and the General Managers of the refineries in Port Harcourt Warri and Kaduna Abiodun said the committee was forced to issue the ultimatum following failure of the officials to honour three invitations earlier sent to them We are compelled to hold this press conference because of the continued refusal and flagrant disregard of the GMD of the NNPC the minister of state for petroleum resources and the general managers of Port Harcourt Warri and Kaduna refineries to the invitations to appear before the committee We consider this continued refusal and negligence to appear before the committee as disrespect to the Leadership of the National Assembly of the Federal Republic of Nigeria The committee is worried that the Port Harcourt Refining Company PHRC Warri Refinery and Petrochemicals Company WRPC and Kaduna Refinery and Petrochemicals Company KRPC had all been operating at gross losses since 2010 before they were finally shut down in 2019 This committee has the mandate of the house of representatives and the constitutional responsibility to demand accountability from those in positions of managing our resources It is worrisome that the GMD of the NNPC the ninister of state for petroleum resources and the general managers of Port Harcourt Warri and Kaduna refineries have refused on three invitations to appear before the committee to account for the billions of dollars spent on the rehabilitation of the refineries over the years As chairman of this honourable committee I hereby summon the GMD of the NNPC the mnister of state for petroleum resources and the general managers of Port Harcourt Warri and Kaduna refineries to appear before the committee on Thursday April 28 2022 to avoid legal constitutional and parliamentary measures to be taken against them in order to compel them to appear he said The rep said the committee was aware that the NNPC recently awarded contracts for rehabilitation of refineries in the following sums WRPC 900 million dollars PHRC 1 5 billion dollars and KRPC 1 3 billion dollars He recalled that the committee was constituted to determine actual cost of rehabilitating the refineries and what was needed to bring them back to maximum refining capacity According to him the committee is mandated to determine the true state of the refineries ascertain the actual cost of rehabilitating and what is needed for the refineries to function at maximum capacity He said the committee relied on relevant laws and pursuant to the provisions of Sections 62 88 and 89 of the Constitution of the Federal Republic of Nigeria 1999 as amended The rep said the committee requested the GMD of the NNPC to provide a status report on the nation s refineries and the actual cost of rehabilitating the refineries from 2012 to date The committee specifically requested the GMD to provide the following an appraisal of the current state of refineries in the Country Port Harcourt Refining Company PHRC Warri Refining and Petrochemical Company Limited WRPC and Kaduna Refining and Petrochemical Company Limited KRPC from year 2012 to date Copies of annual budgets on rehabilitation by the refineries PHRC WRPC and KRPC from 2012 to date and a list of releases for rehabilitation of refineries from 2012 to date List of all contracts awarded for rehabilitation of refineries and award letters issued to service providers and contractors and the Actual Cost of Projects Contracts and Review if any stated in Naira Work Completion Certificates issued on rehabilitation projects carried out on refineries evidence of payments made for all such contracts awarded from year 2012 to date List of service providers and contractors that handled the rehabilitation of refineries and any other relevant information to assist the Committee in the course of this assignment he said The lawmaker said that as members of the national assembly and representatives of the people they had the constitutional duty to name and demand from those responsible He said that legislators needed to know the problems besetting the refineries in order to proffer solutions for a sustainable future and for the benefit of all Nigerians Source Credit NAN
    Reps C’ttee summons Petroleum Minister, NNPC’ GMD, others over state of refineries
    General news6 months ago

    Reps C’ttee summons Petroleum Minister, NNPC’ GMD, others over state of refineries

    The House of Representatives Ad hoc Committee investigating the state of refineries in Nigeria  has issued a 7-day ultimatum to the Minister of State for Petroleum to appear before the committee or risk the wrath of the law.

    The Chairman of the committee, Rep. Ganiyu Abiodun (APC-Lagos state) issued the ultimatum at a press conference on Thursday in Abuja.

    Also to appear before the committee is the Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC) and the General Managers of the refineries in Port Harcourt, Warri and Kaduna.

    Abiodun said  the committee was forced to issue the ultimatum following failure of the officials to honour three invitations earlier sent to them.

    “We are compelled to hold this press conference because of the continued refusal and flagrant disregard of the GMD of the NNPC, the minister of state for petroleum resources and the general managers of Port Harcourt, Warri and Kaduna refineries to the invitations to appear before the committee.

    “We consider this continued refusal and negligence to appear before the committee as disrespect to the Leadership of the National Assembly of the Federal Republic of Nigeria.

    “The committee is worried that the Port Harcourt Refining Company (PHRC), Warri Refinery and Petrochemicals Company (WRPC) and Kaduna Refinery and Petrochemicals Company (KRPC) had all been operating at gross losses since 2010 before they were finally shut down in 2019.

    “This committee has the mandate of the house of representatives and the constitutional responsibility to demand accountability from those in positions of managing our resources.

    “It is worrisome that the GMD of the NNPC, the ninister of state for petroleum resources and the general managers of Port Harcourt, Warri and Kaduna refineries have refused on three invitations to appear before the committee to account for the billions of dollars spent on the rehabilitation of the refineries over the years.

    “As chairman of this honourable committee, I hereby summon the GMD of the NNPC, the mnister of state for petroleum resources and the general managers of Port Harcourt, Warri and Kaduna refineries to appear before the committee on Thursday, April 28, 2022 to avoid legal, constitutional and parliamentary measures to be taken against them in order to compel them to appear,” he said.

    The rep said the committee was aware that the NNPC recently awarded contracts for rehabilitation of refineries in the following sums: WRPC 900 million dollars, PHRC 1.5 billion dollars and KRPC 1.3 billion dollars. 

    He recalled that the committee was constituted to determine actual cost of rehabilitating the refineries and what was  needed to bring them back to maximum refining capacity.

    According to him, the committee is mandated to determine the true state of the refineries, ascertain the actual cost of rehabilitating and what is needed for the refineries to function at maximum capacity.

    He said the committee relied on relevant laws and pursuant to the provisions of Sections 62, 88, and 89 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended).

    The rep said the committee requested the GMD of the NNPC to provide a status report on the nation’s refineries and the actual cost of rehabilitating the refineries from 2012 to date.

    “The committee specifically requested the GMD to provide the following; an appraisal of the current state of refineries in the Country: Port Harcourt Refining Company (PHRC); Warri Refining and Petrochemical Company Limited (WRPC) and Kaduna Refining and Petrochemical Company Limited (KRPC) from year 2012 to date.

    “Copies of annual budgets on rehabilitation by the refineries: PHRC, WRPC and KRPC from 2012 to date and a list of releases for rehabilitation of refineries from 2012 to date.

    “List of all contracts awarded for rehabilitation of refineries and award letters issued to service providers and contractors and the Actual Cost of Projects (Contracts) and Review (if any) stated in Naira.

    “Work Completion Certificates issued on rehabilitation projects carried out on refineries, evidence of payments made for all such contracts awarded from year 2012 to date.

    “List of service providers and contractors that handled the rehabilitation of refineries and any other relevant information to assist the Committee in the course of this assignment,”he said.

    The lawmaker said that as members of the national assembly and representatives of the people, they had the constitutional duty to name and demand from those responsible.

    He said that legislators needed to know the problems besetting the refineries in order to proffer solutions for a sustainable future and for the benefit of all Nigerians.

    Source Credit: NAN

  •  TotalEnergies and its partners have inaugurated four projects in the southern states as part of the company s Corporate Social Responsibility CSR activities TotalEnergies made the announcement in a statement posted on its website and obtained by the News Agency of Nigeria NAN on Wednesday in Lagos The statement said the projects included a maternal and child referral centre inside the University of Calabar Teaching Hospital UCTH Cross River It said the other projects were borehole and water treatment plants project at Ikiri Rivers Warri in Delta and Odukpani in Cross River Mike Sangster Managing Director TotalEnergies Upstream Companies in Nigeria said the partners were the Nigerian National Petroleum Company Ltd China National Offshore Oil Corporation Prime 130 and Sapetro Sangster the projects 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 locations of these projects were carefully chosen for maximum impact coming from the needs assessment carried out before the deployment It is important to note that these projects were realised using the novel approach of Project Managers This approach which is new in the industry permits the delivery of projects in remote and challenging environments while ensuring the use of local expertise and stakeholder engagement I am very happy the pilot projects were successful We are using the Return on Experience to improve our processes and deliver our second and third phases faster and better he said Also Mr Bala Wunti the Group Generel Manager National Petroleum Investment Management Services NAPIMS said NNPC was committed to implementation of sustainable development community projects Wunti said These projects were borne out of the need to mitigate the gaps in health care quality education water and women and youth empowerment in line with the relevant Millennium Development Goals MDGs NNPC and its partners are socially responsible organisations committed to improving the livelihood of the citizens of our great country Nigeria Source Credit NAN
    TotalEnergies, partners inaugurate 4 projects in South-South
     TotalEnergies and its partners have inaugurated four projects in the southern states as part of the company s Corporate Social Responsibility CSR activities TotalEnergies made the announcement in a statement posted on its website and obtained by the News Agency of Nigeria NAN on Wednesday in Lagos The statement said the projects included a maternal and child referral centre inside the University of Calabar Teaching Hospital UCTH Cross River It said the other projects were borehole and water treatment plants project at Ikiri Rivers Warri in Delta and Odukpani in Cross River Mike Sangster Managing Director TotalEnergies Upstream Companies in Nigeria said the partners were the Nigerian National Petroleum Company Ltd China National Offshore Oil Corporation Prime 130 and Sapetro Sangster the projects 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 locations of these projects were carefully chosen for maximum impact coming from the needs assessment carried out before the deployment It is important to note that these projects were realised using the novel approach of Project Managers This approach which is new in the industry permits the delivery of projects in remote and challenging environments while ensuring the use of local expertise and stakeholder engagement I am very happy the pilot projects were successful We are using the Return on Experience to improve our processes and deliver our second and third phases faster and better he said Also Mr Bala Wunti the Group Generel Manager National Petroleum Investment Management Services NAPIMS said NNPC was committed to implementation of sustainable development community projects Wunti said These projects were borne out of the need to mitigate the gaps in health care quality education water and women and youth empowerment in line with the relevant Millennium Development Goals MDGs NNPC and its partners are socially responsible organisations committed to improving the livelihood of the citizens of our great country Nigeria Source Credit NAN
    TotalEnergies, partners inaugurate 4 projects in South-South
    General news6 months ago

    TotalEnergies, partners inaugurate 4 projects in South-South

    TotalEnergies and its partners have inaugurated four projects in the southern states as part of the company’s Corporate Social Responsibility (CSR) activities.

    TotalEnergies made the announcement in a statement posted on its website and obtained by the News Agency of Nigeria (NAN) on Wednesday in Lagos.

    The statement said the projects included a maternal and child referral centre inside the University of Calabar Teaching Hospital, UCTH, Cross River.

    It said the other projects were borehole and water treatment plants project at Ikiri, Rivers, Warri in Delta, and Odukpani, in Cross River.

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

    Sangster the projects 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 locations of these projects were carefully chosen for maximum impact, coming from the needs assessment carried out before the deployment.

    “It is important to note that these projects were realised using the novel approach of “Project Managers”.

    “This approach which is new in the industry, permits the delivery of projects in remote and challenging environments while ensuring the use of local expertise and stakeholder engagement.

    “I am very happy the pilot projects were successful. We are using the Return on Experience, to improve our processes and deliver our second and third phases faster and better”, he said.

    Also, Mr Bala Wunti, the Group Generel Manager, National Petroleum Investment Management Services, NAPIMS, said NNPC was committed to implementation of sustainable development community projects.

    Wunti said: “These projects were borne out of the need to mitigate the gaps in health care, quality education, water, and women and youth empowerment in line with the relevant Millennium Development Goals (MDGs).

    “NNPC and its partners are socially responsible organisations committed to improving the livelihood of the citizens of our great country, Nigeria.”

    Source Credit: NAN

  •   Nigerian National Petroleum Company Limited NNPC Ltd kicked off the week s activities with a tour of the Port Harcourt refinery to determine the level of rehabilitation underway at the plant The Minister of State for Petroleum Resources Chief Timipre Sylva and members of the NNPC Ltd Board of Directors who were also on the tour expressed their satisfaction with the progress of work on the Rivers State refinery site Sylva who was elated at the level of progress on the project said he was particularly impressed with the keen sense of time management exhibited by the team He said that the Federal Government was interested in the early delivery of the project to achieve energy security in Nigeria Speaking on behalf of Board members NNPC Board Chairman Senator Margery Chuba Okadigbo noted that the rehabilitation was aimed at increasing refining capacity in the country and reducing costs Chuba Okadigbo said the rehabilitation also indicates the company s intention to exit from importing petroleum products and challenges related to foreign exchange issues adding that she was impressed with the work done so far Senator Margery Chuba OkadigboFor his part Group Managing Director Chief Executive Officer of NNPC Ltd Malam Mele Kyari explained that the project was uniquely designed with efficiency and sustainable maintenance culture in mind to enable the refinery to generate funds He assured that the entire process was well thought out and will allow the company to introduce a new business model for the operation of the refinery Earlier in his technical report to the visiting team PHRC s Director General Mr Ahmed Dikko stated that the company was determined to fulfill the mandate He acknowledged the support of the NNPC leadership its Board the National Assembly and other stakeholders in achieving the current milestones Dikko emphasized that the progress made thus far could not have been possible without their cooperation and timely approvals The project manager speaking on behalf of the contractor in charge of the rehabilitation Tecnimont SpA Mr Davide Broggini said that they would deliver the project in record time The visit included a tour of areas one two and three of the refinery that housed some important plants including the vacuum and crude distillation units Other plants visited were the naphtha hydrotreating unit the kero hydrotreating and catalytic reforming units the gas and fluid catalytic cracking unit and the merox and gas treatment units The PHRC which comprises old and new refineries with a combined refining capacity of 210 000 bpsd is expected to begin partial operation beginning in the first quarter of 2023 000 barrels per day of current on the market The refinery would become fully operational once the rehabilitation project scheduled for the last quarter of 2024 is completed Meanwhile the House of Representatives said it was committed to ensuring that the new NNPC Ltd got off the ground on a solid footing without any impediments from the old NNPC This was said of the Ad hoc Committee of Representatives established to investigate the inventory assets liabilities and joint ventures of the former NNPC during a monitoring visit The visit went to the NNPC Border Exploration Services Division and the Port Harcourt Refining Company PHRC recently Speaking during the visit the Committee s chairman Rep Uju Chima said the exercise was not an investigation but a measure intended to help the new NNPC Ltd get off the ground on a solid footing He explained that the duty of the Committee was to know the assets of the former NNPC and ensure that those that should be transferred to the new entity as provided for in the Petroleum Industry Law PIA were duly documented We are only here to help you determine those assets to ensure that valuable assets that are supposed to be transferred or reverted to NNPC Ltd are not left behind while also helping you determine the value of those assets He said that the exercise focused not only on assets but also on liabilities The chairman of the committee demanded information on the total value of the PHRC houses the assets the monetary value of the liabilities and the total amount spent so far on the rehabilitation of the plants Chima urged the NNPC to keep up the pace to ensure that the goal of completing the rehabilitation is not lost In his response PHRC Director General Ahmed Dikko praised the National Assembly especially the House of Representatives for their support of PHRC He said the committee s visit showed support not only for PHRC but also for NNPC Ltd We hope that this support will translate into the overall success of the rehabilitation for the benefit of Nigerians in light of the current energy crisis Port Harcourt RefineryDikko assured the committee that the work would be delivered on time and to specification emphasizing that efforts were already at an advanced stage to introduce an Operations and Maintenance model to ensure the upkeep of the refinery Earlier on a similar visit to the NNPC Border Exploration Services Division in Abuja the Committee sought to learn about the activities of the Division and its assets and liabilities The Chairman of the Committee said that they were interested in the sustainability mechanisms that the Border Exploration Services Division had put in place for the transition Group General Manager Border Exploration Services Division Mr Abdullahi Bomai explained to legislators the operations of the division and explained that the division was in the business of implementing high standard technology for seismic data collection It said seismic data collected in the course of the division s operations was part of NNPC s assets On the division s liabilities Bomai said technology needed to be upgraded to allow it to expand its capacity and expressed hope that the provision of 30 percent of the exploration fund in the PIA could help address the challenge The Ad hoc committee at the end of the visit expressed confidence in NNPC s ability to implement a successful transition to a limited liability company Also in the week the NNPC said it would deliver the Ajaokuta Kaduna Kano AKK Pipeline Project on time with first gas to be delivered in the first quarter of 2023 Speaking at the project site in Abaji Abuja during a tour of the project NNPC Group Managing Director Executive Director Malam Mele Kyari said efforts were being made to ensure the project was completed on time He said that a critical result of the AKK project was the injection of more than eight billion standard cubic feet scf of gas injected into the domestic pipeline to revive dying industries Kyari said it would also open up economic opportunities for the country He described the AKK pipeline as a flagship project and hinted that it was time for Nigeria to tap into its gas reserves in Africa to develop its economy There is no country that has access to this volume of gas that it has not developed In her remarks NNPC board chair Senator Margery Chuba Okadigbo expressed optimism that the project could deliver its first quarter of 2023 gas based on the scale of work done so far He noted that the country could take advantage of the situation between Russia and Ukraine to provide a solution to the global gas supply challenge NNPC GMD Mele Kyari in denim shirt Chairman of the Board Senator Margery Okadigbo center other NNPC and Oilserv Ltd officials during an inspection visit to the AKK pipeline project in AbajiOn the feasibility of achieving the 2023 target the president of Oilserv the project s Engineering Procurement and Construction EPC contractor Mr Emeka Okwuosa confirmed his company s readiness to deliver the project on time He said that NNPC s interventions in various periods of challenge helped bring the work to the current appreciable level It also ensured that the project managers and teams were more than competent to deliver the project in record time Also speaking at the KP 171 welding site during the tour Oilserv General Manager Mr Chigozie Obi and AKK Project General Manager NNPC Mr Barwa Muhammed explained that in addition to the deployment of modern technologies that guarantee durability the project had great economic effects for the nation Construction of the 614 km AKK pipeline project started simultaneously in the Buhari states of Kogi and Kaduna in 2020 to encourage gas utilization and serve as a springboard for the nation s industrialization Visit us at for more details Source Credit NAN
    NNPC Weekly: Efforts intensify to end fuel importation
      Nigerian National Petroleum Company Limited NNPC Ltd kicked off the week s activities with a tour of the Port Harcourt refinery to determine the level of rehabilitation underway at the plant The Minister of State for Petroleum Resources Chief Timipre Sylva and members of the NNPC Ltd Board of Directors who were also on the tour expressed their satisfaction with the progress of work on the Rivers State refinery site Sylva who was elated at the level of progress on the project said he was particularly impressed with the keen sense of time management exhibited by the team He said that the Federal Government was interested in the early delivery of the project to achieve energy security in Nigeria Speaking on behalf of Board members NNPC Board Chairman Senator Margery Chuba Okadigbo noted that the rehabilitation was aimed at increasing refining capacity in the country and reducing costs Chuba Okadigbo said the rehabilitation also indicates the company s intention to exit from importing petroleum products and challenges related to foreign exchange issues adding that she was impressed with the work done so far Senator Margery Chuba OkadigboFor his part Group Managing Director Chief Executive Officer of NNPC Ltd Malam Mele Kyari explained that the project was uniquely designed with efficiency and sustainable maintenance culture in mind to enable the refinery to generate funds He assured that the entire process was well thought out and will allow the company to introduce a new business model for the operation of the refinery Earlier in his technical report to the visiting team PHRC s Director General Mr Ahmed Dikko stated that the company was determined to fulfill the mandate He acknowledged the support of the NNPC leadership its Board the National Assembly and other stakeholders in achieving the current milestones Dikko emphasized that the progress made thus far could not have been possible without their cooperation and timely approvals The project manager speaking on behalf of the contractor in charge of the rehabilitation Tecnimont SpA Mr Davide Broggini said that they would deliver the project in record time The visit included a tour of areas one two and three of the refinery that housed some important plants including the vacuum and crude distillation units Other plants visited were the naphtha hydrotreating unit the kero hydrotreating and catalytic reforming units the gas and fluid catalytic cracking unit and the merox and gas treatment units The PHRC which comprises old and new refineries with a combined refining capacity of 210 000 bpsd is expected to begin partial operation beginning in the first quarter of 2023 000 barrels per day of current on the market The refinery would become fully operational once the rehabilitation project scheduled for the last quarter of 2024 is completed Meanwhile the House of Representatives said it was committed to ensuring that the new NNPC Ltd got off the ground on a solid footing without any impediments from the old NNPC This was said of the Ad hoc Committee of Representatives established to investigate the inventory assets liabilities and joint ventures of the former NNPC during a monitoring visit The visit went to the NNPC Border Exploration Services Division and the Port Harcourt Refining Company PHRC recently Speaking during the visit the Committee s chairman Rep Uju Chima said the exercise was not an investigation but a measure intended to help the new NNPC Ltd get off the ground on a solid footing He explained that the duty of the Committee was to know the assets of the former NNPC and ensure that those that should be transferred to the new entity as provided for in the Petroleum Industry Law PIA were duly documented We are only here to help you determine those assets to ensure that valuable assets that are supposed to be transferred or reverted to NNPC Ltd are not left behind while also helping you determine the value of those assets He said that the exercise focused not only on assets but also on liabilities The chairman of the committee demanded information on the total value of the PHRC houses the assets the monetary value of the liabilities and the total amount spent so far on the rehabilitation of the plants Chima urged the NNPC to keep up the pace to ensure that the goal of completing the rehabilitation is not lost In his response PHRC Director General Ahmed Dikko praised the National Assembly especially the House of Representatives for their support of PHRC He said the committee s visit showed support not only for PHRC but also for NNPC Ltd We hope that this support will translate into the overall success of the rehabilitation for the benefit of Nigerians in light of the current energy crisis Port Harcourt RefineryDikko assured the committee that the work would be delivered on time and to specification emphasizing that efforts were already at an advanced stage to introduce an Operations and Maintenance model to ensure the upkeep of the refinery Earlier on a similar visit to the NNPC Border Exploration Services Division in Abuja the Committee sought to learn about the activities of the Division and its assets and liabilities The Chairman of the Committee said that they were interested in the sustainability mechanisms that the Border Exploration Services Division had put in place for the transition Group General Manager Border Exploration Services Division Mr Abdullahi Bomai explained to legislators the operations of the division and explained that the division was in the business of implementing high standard technology for seismic data collection It said seismic data collected in the course of the division s operations was part of NNPC s assets On the division s liabilities Bomai said technology needed to be upgraded to allow it to expand its capacity and expressed hope that the provision of 30 percent of the exploration fund in the PIA could help address the challenge The Ad hoc committee at the end of the visit expressed confidence in NNPC s ability to implement a successful transition to a limited liability company Also in the week the NNPC said it would deliver the Ajaokuta Kaduna Kano AKK Pipeline Project on time with first gas to be delivered in the first quarter of 2023 Speaking at the project site in Abaji Abuja during a tour of the project NNPC Group Managing Director Executive Director Malam Mele Kyari said efforts were being made to ensure the project was completed on time He said that a critical result of the AKK project was the injection of more than eight billion standard cubic feet scf of gas injected into the domestic pipeline to revive dying industries Kyari said it would also open up economic opportunities for the country He described the AKK pipeline as a flagship project and hinted that it was time for Nigeria to tap into its gas reserves in Africa to develop its economy There is no country that has access to this volume of gas that it has not developed In her remarks NNPC board chair Senator Margery Chuba Okadigbo expressed optimism that the project could deliver its first quarter of 2023 gas based on the scale of work done so far He noted that the country could take advantage of the situation between Russia and Ukraine to provide a solution to the global gas supply challenge NNPC GMD Mele Kyari in denim shirt Chairman of the Board Senator Margery Okadigbo center other NNPC and Oilserv Ltd officials during an inspection visit to the AKK pipeline project in AbajiOn the feasibility of achieving the 2023 target the president of Oilserv the project s Engineering Procurement and Construction EPC contractor Mr Emeka Okwuosa confirmed his company s readiness to deliver the project on time He said that NNPC s interventions in various periods of challenge helped bring the work to the current appreciable level It also ensured that the project managers and teams were more than competent to deliver the project in record time Also speaking at the KP 171 welding site during the tour Oilserv General Manager Mr Chigozie Obi and AKK Project General Manager NNPC Mr Barwa Muhammed explained that in addition to the deployment of modern technologies that guarantee durability the project had great economic effects for the nation Construction of the 614 km AKK pipeline project started simultaneously in the Buhari states of Kogi and Kaduna in 2020 to encourage gas utilization and serve as a springboard for the nation s industrialization Visit us at for more details Source Credit NAN
    NNPC Weekly: Efforts intensify to end fuel importation
    General news6 months ago

    NNPC Weekly: Efforts intensify to end fuel importation

    Nigerian National Petroleum Company Limited (NNPC Ltd.) kicked off the week's activities with a tour of the Port Harcourt refinery to determine the level of rehabilitation underway at the plant.

    The Minister of State for Petroleum Resources, Chief Timipre Sylva, and members of the NNPC Ltd. Board of Directors who were also on the tour expressed their satisfaction with the progress of work on the Rivers State refinery site.

    Sylva, who was elated at the level of progress on the project, said he was particularly impressed with the keen sense of time management exhibited by the team.

    He said that the Federal Government was interested in the early delivery of the project to achieve energy security in Nigeria.

    Speaking on behalf of Board members, NNPC Board Chairman Senator Margery Chuba-Okadigbo noted that the rehabilitation was aimed at increasing refining capacity in the country and reducing costs.

    Chuba-Okadigbo said the rehabilitation also indicates the company's intention to exit from importing petroleum products and challenges related to foreign exchange issues, adding that she was impressed with the work done so far.

    Senator Margery Chuba-Okadigbo

    For his part, Group Managing Director/Chief Executive Officer of NNPC Ltd., Malam Mele Kyari, explained that the project was uniquely designed with efficiency and sustainable maintenance culture in mind to enable the refinery to generate funds.

    He assured that the entire process was well thought out and will allow the company to introduce a new business model for the operation of the refinery.

    Earlier in his technical report to the visiting team, PHRC's Director General, Mr. Ahmed Dikko, stated that the company was determined to fulfill the mandate.

    He acknowledged the support of the NNPC leadership, its Board, the National Assembly and other stakeholders in achieving the current milestones.

    Dikko emphasized that the progress made thus far could not have been possible without their cooperation and timely approvals.

    The project manager, speaking on behalf of the contractor in charge of the rehabilitation, Tecnimont SpA, Mr. Davide Broggini, said that they would deliver the project in record time.

    The visit included a tour of areas one, two and three of the refinery that housed some important plants, including the vacuum and crude distillation units.

    Other plants visited were the naphtha hydrotreating unit, the kero hydrotreating and catalytic reforming units, the gas and fluid catalytic cracking unit, and the merox and gas treatment units.

    The PHRC, which comprises old and new refineries with a combined refining capacity of 210,000 bpsd, is expected to begin partial operation beginning in the first quarter of 2023,000 barrels per day of current on the market.

    The refinery would become fully operational once the rehabilitation project, scheduled for the last quarter of 2024, is completed.

    Meanwhile, the House of Representatives said it was committed to ensuring that the new NNPC Ltd. got off the ground on a solid footing without any impediments from the old NNPC.

    This was said of the Ad-hoc Committee of Representatives established to investigate the inventory, assets, liabilities and joint ventures of the former NNPC during a monitoring visit.

    The visit went to the NNPC Border Exploration Services Division and the Port Harcourt Refining Company (PHRC) recently.

    Speaking during the visit, the Committee's chairman, Rep. Uju Chima, said the exercise was not an investigation but a measure intended to help the new NNPC Ltd. get off the ground on a solid footing.

    He explained that the duty of the Committee was to know the assets of the former NNPC and ensure that those that should be transferred to the new entity, as provided for in the Petroleum Industry Law (PIA), were duly documented.

    “We are only here to help you determine those assets to ensure that valuable assets that are supposed to be transferred or reverted to NNPC Ltd. are not left behind while also helping you determine the value of those assets.” .

    He said that the exercise focused not only on assets but also on liabilities.

    The chairman of the committee demanded information on the total value of the PHRC houses, the assets, the monetary value of the liabilities and the total amount spent so far on the rehabilitation of the plants.

    Chima urged the NNPC to keep up the pace to ensure that the goal of completing the rehabilitation is not lost.

    In his response, PHRC Director General Ahmed Dikko praised the National Assembly, especially the House of Representatives, for their support of PHRC.

    He said the committee's visit showed support, not only for PHRC, but also for NNPC Ltd.

    "We hope that this support will translate into the overall success of the rehabilitation for the benefit of Nigerians in light of the current energy crisis."

    Port Harcourt Refinery

    Dikko assured the committee that the work would be delivered on time and to specification, emphasizing that efforts were already at an advanced stage to introduce an Operations and Maintenance model to ensure the upkeep of the refinery.

    Earlier, on a similar visit to the NNPC Border Exploration Services Division in Abuja, the Committee sought to learn about the activities of the Division and its assets and liabilities.

    The Chairman of the Committee said that they were interested in the sustainability mechanisms that the Border Exploration Services Division had put in place for the transition.

    Group General Manager, Border Exploration Services Division, Mr. Abdullahi Bomai, explained to legislators the operations of the division and explained that the division was in the business of implementing high standard technology for seismic data collection.

    It said seismic data collected in the course of the division's operations was part of NNPC's assets.

    On the division's liabilities, Bomai said technology needed to be upgraded to allow it to expand its capacity and expressed hope that the provision of 30 percent of the exploration fund in the PIA could help address the challenge.

    The Ad-hoc committee at the end of the visit expressed confidence in NNPC's ability to implement a successful transition to a limited liability company.

    Also in the week, the NNPC said it would deliver the Ajaokuta-Kaduna-Kano (AKK) Pipeline Project on time with first gas to be delivered in the first quarter of 2023.

    Speaking at the project site in Abaji, Abuja, during a tour of the project, NNPC Group Managing Director/Executive Director Malam Mele Kyari said efforts were being made to ensure the project was completed on time.

    He said that a critical result of the AKK project was the injection of more than eight billion standard cubic feet (scf) of gas injected into the domestic pipeline to revive dying industries.

    Kyari said it would also open up economic opportunities for the country.

    He described the AKK pipeline as a flagship project and hinted that it was time for Nigeria to tap into its gas reserves in Africa to develop its economy.

    "There is no country that has access to this volume of gas that it has not developed."

    In her remarks, NNPC board chair Senator Margery Chuba-Okadigbo expressed optimism that the project could deliver its first quarter of 2023 gas based on the scale of work done so far.

    He noted that the country could take advantage of the situation between Russia and Ukraine to provide a solution to the global gas supply challenge.

    NNPC GMD, Mele Kyari (in denim shirt), Chairman of the Board Senator Margery Okadigbo (center), other NNPC and Oilserv Ltd. officials, during an inspection visit to the AKK pipeline project in Abaji

    On the feasibility of achieving the 2023 target, the president of Oilserv, the project's Engineering, Procurement and Construction (EPC) contractor, Mr. Emeka Okwuosa, confirmed his company's readiness to deliver the project on time.

    He said that NNPC's interventions in various periods of challenge helped bring the work to the current appreciable level.

    It also ensured that the project managers and teams were more than competent to deliver the project in record time.

    Also speaking at the KP 171 welding site during the tour, Oilserv General Manager, Mr. Chigozie Obi, and AKK Project General Manager, NNPC, Mr. Barwa Muhammed, explained that in addition to the deployment of modern technologies that guarantee durability, the project had great economic effects for the nation.

    Construction of the 614 km AKK pipeline project started simultaneously in the Buhari states of Kogi and Kaduna in 2020 to encourage gas utilization and serve as a springboard for the nation's industrialization.

    Visit us at for more details.

    Source Credit: NAN

  •   Nigerian National Petroleum Company Limited NNPC Ltd says that the ongoing Ajaokuta Kaduna Kano AKK pipeline project will be completed in the quarter of 2023 Malam Mele Kyari Group Managing Director NNPC said this on Thursday while inspecting the AKK gas project site in Abaji Abuja along with some NNPC Board members senior officials and other dignitaries Some of them are the president of the board of NNPC Senator Margery Okadigbo Group Executive Director GED Fice and Accounts Mr Umar Ajiya GED Upstream Mr Adokiye Tombomieye Officials from Oilserv Ltd among others were also present Spanning a length of 614 kilometres the project is a natural gas pipeline being developed to transport gas from Ajaokuta through various states and urban centers in Nigeria The project whose construction began in 2020 and is estimated at US 2 8 billion is a segment of the Trans Nigeria Gas Pipeline TNGP project and the Trans Saharan gas pipeline Kyari during the inspection said that the AKK pipeline was a flagship project of President Muhammadu Buhari a big project to deliver to the country before the end of his term He said that more importantly it would bring great development progress creative jobs and stabilized energy as well as the renewal of industries across the country Kari said this was because it would decongest the gas supply network across the country According to him it will serve as a gas supply link to other African countries and Europe once it is completed We are very confident that from 2023 we will put gas in these pipelines This project will be delivered on time and on time we are implementing everything necessary to deliver the project We have missed some schedules but we are catching up we have put in a number of interventions that are necessary including the deployment of additional resources needed to deliver the project he said The NNPC boss while praising the contractor for his effort said he should speed up the project because everyone needed gas According to the GMD it is a market opportunity for Nigeria being the country with the largest gas reserves in Africa Also speaking Okadigbo said she was impressed with the progress made on the project and expressed optimism that it would be completed on time Mr Emeka Okwuosa President of Oilserv Ltd the company in charge of the Engineering Procurement and Construction project said that with the early intervention of NNPC management efforts have been redoubled and more capacity has been added to meet the deadline This is one of the six sites that we are working on this is one of the automatic welding crews in relation to the entire scope of the pipeline that we are executing we have done 120 kilometers of welding and more than 80 percent engineering and procurement he said NNPC GMD Mele Kyari in denim shirt Chairman of the Board Senator Margery Okadigbo center other NNPC and Oilserv Ltd officials during an inspection visit to the AKK pipeline project in AbajiMr Steve Nnorom Project Manager Oilserv Ltd segment one AKK pipeline work reviewed the installation of the pipeline and station showing progress as of April 11 2022 Nnorom explained that he structured the distributed work into three segments namely Alpha Bravo and Charlie for construction supervision He said he was currently at Bravo typically welding Under the Alpha segment which comprised surveying stringing brush clearing field joint lining among others it said it had cumulatively surveyed 214 kilometers performed brush clearing and performed a third of continental welding In the Bravo segment he said he had implemented the latest fully automatic and manual welding technology and achieved a third of pipeline and mainland welding adding that he would cover the entire location within the committed time of his pace We are doing everything we can despite the challenges The spread we are in now is less challenging Starting from Ajaokuta we have rocky terrain 3 2 kilometers of that section is rocky terrain but we are breaking up the rocks for the secondary activities that we are planning In the next few months we will start digging lowering and backfilling the pipes We are also placing an order for other mainland procurement items that will go on the main line he said Speaking about infrastructure interference he said the company was aware of it as power lines along its right of way were slowing the project s progress We have an active human environment where people s buildings markets have not yet been destroyed but we are working in conjunction with the owners who have issued the right of way to get full compensation to prevent disruption he said Once completed the AKK gas project would boost the agricultural and manufacturing sectors and reduce the nation s carbon footprint as part of measures to reduce global warming It will also provide gas for power generation and gas based industries This will facilitate the development of new industries and also the revival of moribund ones throughout transit towns in Kogi Abuja Niger Kaduna and Kano states Source Credit NAN
    AKK gas pipeline project to be completed Q1 2023 – Kyari
      Nigerian National Petroleum Company Limited NNPC Ltd says that the ongoing Ajaokuta Kaduna Kano AKK pipeline project will be completed in the quarter of 2023 Malam Mele Kyari Group Managing Director NNPC said this on Thursday while inspecting the AKK gas project site in Abaji Abuja along with some NNPC Board members senior officials and other dignitaries Some of them are the president of the board of NNPC Senator Margery Okadigbo Group Executive Director GED Fice and Accounts Mr Umar Ajiya GED Upstream Mr Adokiye Tombomieye Officials from Oilserv Ltd among others were also present Spanning a length of 614 kilometres the project is a natural gas pipeline being developed to transport gas from Ajaokuta through various states and urban centers in Nigeria The project whose construction began in 2020 and is estimated at US 2 8 billion is a segment of the Trans Nigeria Gas Pipeline TNGP project and the Trans Saharan gas pipeline Kyari during the inspection said that the AKK pipeline was a flagship project of President Muhammadu Buhari a big project to deliver to the country before the end of his term He said that more importantly it would bring great development progress creative jobs and stabilized energy as well as the renewal of industries across the country Kari said this was because it would decongest the gas supply network across the country According to him it will serve as a gas supply link to other African countries and Europe once it is completed We are very confident that from 2023 we will put gas in these pipelines This project will be delivered on time and on time we are implementing everything necessary to deliver the project We have missed some schedules but we are catching up we have put in a number of interventions that are necessary including the deployment of additional resources needed to deliver the project he said The NNPC boss while praising the contractor for his effort said he should speed up the project because everyone needed gas According to the GMD it is a market opportunity for Nigeria being the country with the largest gas reserves in Africa Also speaking Okadigbo said she was impressed with the progress made on the project and expressed optimism that it would be completed on time Mr Emeka Okwuosa President of Oilserv Ltd the company in charge of the Engineering Procurement and Construction project said that with the early intervention of NNPC management efforts have been redoubled and more capacity has been added to meet the deadline This is one of the six sites that we are working on this is one of the automatic welding crews in relation to the entire scope of the pipeline that we are executing we have done 120 kilometers of welding and more than 80 percent engineering and procurement he said NNPC GMD Mele Kyari in denim shirt Chairman of the Board Senator Margery Okadigbo center other NNPC and Oilserv Ltd officials during an inspection visit to the AKK pipeline project in AbajiMr Steve Nnorom Project Manager Oilserv Ltd segment one AKK pipeline work reviewed the installation of the pipeline and station showing progress as of April 11 2022 Nnorom explained that he structured the distributed work into three segments namely Alpha Bravo and Charlie for construction supervision He said he was currently at Bravo typically welding Under the Alpha segment which comprised surveying stringing brush clearing field joint lining among others it said it had cumulatively surveyed 214 kilometers performed brush clearing and performed a third of continental welding In the Bravo segment he said he had implemented the latest fully automatic and manual welding technology and achieved a third of pipeline and mainland welding adding that he would cover the entire location within the committed time of his pace We are doing everything we can despite the challenges The spread we are in now is less challenging Starting from Ajaokuta we have rocky terrain 3 2 kilometers of that section is rocky terrain but we are breaking up the rocks for the secondary activities that we are planning In the next few months we will start digging lowering and backfilling the pipes We are also placing an order for other mainland procurement items that will go on the main line he said Speaking about infrastructure interference he said the company was aware of it as power lines along its right of way were slowing the project s progress We have an active human environment where people s buildings markets have not yet been destroyed but we are working in conjunction with the owners who have issued the right of way to get full compensation to prevent disruption he said Once completed the AKK gas project would boost the agricultural and manufacturing sectors and reduce the nation s carbon footprint as part of measures to reduce global warming It will also provide gas for power generation and gas based industries This will facilitate the development of new industries and also the revival of moribund ones throughout transit towns in Kogi Abuja Niger Kaduna and Kano states Source Credit NAN
    AKK gas pipeline project to be completed Q1 2023 – Kyari
    General news6 months ago

    AKK gas pipeline project to be completed Q1 2023 – Kyari

    Nigerian National Petroleum Company Limited (NNPC Ltd.) says that the ongoing Ajaokuta-Kaduna-Kano (AKK) pipeline project will be completed in the quarter of 2023.

    Malam Mele Kyari, Group Managing Director, NNPC said this on Thursday while inspecting the AKK gas project site in Abaji, Abuja, along with some NNPC Board members, senior officials and other dignitaries.

    Some of them are, the president of the board of NNPC, Senator Margery Okadigbo; Group Executive Director (GED), Fice and Accounts, Mr. Umar Ajiya; GED, Upstream, Mr. Adokiye Tombomieye.

    Officials from Oilserv Ltd., among others, were also present.

    Spanning a length of 614 kilometres, the project is a natural gas pipeline being developed to transport gas from Ajaokuta through various states and urban centers in Nigeria.

    The project, whose construction began in 2020 and is estimated at US$2.8 billion, is a segment of the Trans-Nigeria Gas Pipeline (TNGP) project and the Trans Saharan gas pipeline

    Kyari, during the inspection, said that the AKK pipeline was a flagship project of President Muhammadu Buhari, a big project to deliver to the country before the end of his term.

    He said that more importantly, it would bring great development, progress, creative jobs and stabilized energy, as well as the renewal of industries across the country.

    Kari said this was because it would decongest the gas supply network across the country.

    According to him, it will serve as a gas supply link to other African countries and Europe once it is completed.

    “We are very confident that from 2023 we will put gas in these pipelines. This project will be delivered on time and on time, we are implementing everything necessary to deliver the project.

    “We have missed some schedules, but we are catching up, we have put in a number of interventions that are necessary, including the deployment of additional resources needed to deliver the project,” he said.

    The NNPC boss, while praising the contractor for his effort, said he should speed up the project because everyone needed gas.

    According to the GMD, it is a market opportunity for Nigeria, being the country with the largest gas reserves in Africa.

    Also speaking, Okadigbo said she was impressed with the progress made on the project and expressed optimism that it would be completed on time.

    Mr. Emeka Okwuosa, President of Oilserv Ltd., the company in charge of the Engineering, Procurement and Construction project, said that with the early intervention of NNPC management, efforts have been redoubled and more capacity has been added to meet the deadline. .

    “This is one of the six sites that we are working on, this is one of the automatic welding crews, in relation to the entire scope of the pipeline that we are executing; we have done 120 kilometers of welding and more than 80 percent engineering and procurement,” he said.

    NNPC GMD, Mele Kyari (in denim shirt), Chairman of the Board Senator Margery Okadigbo (center), other NNPC and Oilserv Ltd. officials, during an inspection visit to the AKK pipeline project in Abaji

    Mr. Steve Nnorom, Project Manager, Oilserv Ltd, (segment one AKK pipeline work) reviewed the installation of the pipeline and station, showing progress as of April 11, 2022.

    Nnorom explained that he structured the distributed work into three segments, namely Alpha, Bravo and Charlie for construction supervision.

    He said he was currently at Bravo, typically welding.

    Under the Alpha segment, which comprised surveying, stringing, brush clearing, field joint lining, among others, it said it had cumulatively surveyed 214 kilometers, performed brush clearing and performed a third of continental welding.

    In the Bravo segment, he said he had implemented the latest fully automatic and manual welding technology and achieved a third of pipeline and mainland welding, adding that he would cover the entire location within the committed time of his pace.

    “We are doing everything we can despite the challenges. The spread we are in now is less challenging.

    “Starting from Ajaokuta, we have rocky terrain, 3.2 kilometers of that section is rocky terrain, but we are breaking up the rocks for the secondary activities that we are planning.

    “In the next few months we will start digging, lowering and backfilling the pipes. We are also placing an order for other mainland procurement items that will go on the main line,” he said.

    Speaking about infrastructure interference, he said the company was aware of it, as power lines along its right-of-way were slowing the project's progress.

    "We have an active human environment where people's buildings, markets have not yet been destroyed, but we are working in conjunction with the owners who have issued the right of way to get full compensation to prevent disruption," he said.

    Once completed, the AKK gas project would boost the agricultural and manufacturing sectors and reduce the nation's carbon footprint as part of measures to reduce global warming.

    It will also provide gas for power generation and gas-based industries.

    This will facilitate the development of new industries and also the revival of moribund ones throughout transit towns in Kogi, Abuja, Niger, Kaduna and Kano states.

    Source Credit: NAN

  •   The National Engineering and Technical Company NETCO a subsidiary of the Nigerian National Petroleum Company NNPC Ltd has declared a pre tax profit of N4 31 billion for the year ended December 31 2021 The Nigerian News Agency reports that Mr Adeyemi Adetunji Chairman of the Board of Directors of NETCO made the disclosure on Thursday at the company s 32nd Annual General Meeting in Lagos Adetunji said that NETCO overcame significant hurdles it faced as a direct result of the COVID 19 pandemic and the global energy shift that reduced investment in the sector He said NETCO has delivered a strong result posting a total pre tax profit of N4 31 billion which is an increase of 36 per cent from N3 17 billion in 2020 The company posted a total revenue of N18 49 billion in the year under review which represents a marginal increase of three per cent from N18 03 billion in 2020 This is the result of the liquidation of old projects and the income of new projects that are yet to come NETCO s operating profit stood at N1 40 billion an increase of 178 per cent on operating loss of N1 76 billion in the previous year It is noteworthy that NETCO s gross profit increased from N5 74 billion in the previous year to N9 24 billion in the year under review which represents an increase of 61 per cent Total comprehensive income stood at N4 45 billion compared to N0 841 billion recorded in the year 2020 which represents an increase of 430 per cent Mr Kanayochukwu Odoe Acting General Manager NETCOAccording to him it is remarkable that the company s involvement in NNPC s Refinery Rehabilitation project has established NETCO as a responsible service provider in refinery rehabilitation He said that in response to the challenges in the industry and the opportunities created by the Petroleum Industry Act PIA NETCO had embarked on aggressive marketing of its services Adetunji said he had also adopted cost optimization strategies to reposition NETCO for growth and profitability in times of PIA He commended NNPC Group CEO Mr Mele Kyari NETCO management and staff as well as other stakeholders for their efforts to achieve the company s mandate In addition Mr Kanayochukwu Odoe Acting Managing Director of NETCO said that management had stepped up efforts to build NETCO into a full Engineering Procurement and Construction EPC company with aggressive bids for major EPC projects Odoe said NETCO has further diversified its business portfolio to include cost benchmarking value for money audits and cost estimating services He said that in 2021 NETCO completed four projects and was currently executing 16 key contracts in the industry and had continued to contribute to the development of engineering and technical capacity in the country Odoe added that NETCO facilitated a training program for 13 young people from Ireland who were given entrepreneurial skills in fish farming computer applications web design catering leatherworking beading and event management He said management had set a revenue target of N36 58 billion for 2022 Odoe noted that the company s board had approved a gross dividend of N500 million which translated to 50k per share for its shareholders Odoe said NETCO would continue to enhance the Transparency Accountability and Performance Excellence TAPE initiatives promoted by GMD to remain commercially viable Source Credit NAN
    NETCO posts N4.31bn profit for 2021
      The National Engineering and Technical Company NETCO a subsidiary of the Nigerian National Petroleum Company NNPC Ltd has declared a pre tax profit of N4 31 billion for the year ended December 31 2021 The Nigerian News Agency reports that Mr Adeyemi Adetunji Chairman of the Board of Directors of NETCO made the disclosure on Thursday at the company s 32nd Annual General Meeting in Lagos Adetunji said that NETCO overcame significant hurdles it faced as a direct result of the COVID 19 pandemic and the global energy shift that reduced investment in the sector He said NETCO has delivered a strong result posting a total pre tax profit of N4 31 billion which is an increase of 36 per cent from N3 17 billion in 2020 The company posted a total revenue of N18 49 billion in the year under review which represents a marginal increase of three per cent from N18 03 billion in 2020 This is the result of the liquidation of old projects and the income of new projects that are yet to come NETCO s operating profit stood at N1 40 billion an increase of 178 per cent on operating loss of N1 76 billion in the previous year It is noteworthy that NETCO s gross profit increased from N5 74 billion in the previous year to N9 24 billion in the year under review which represents an increase of 61 per cent Total comprehensive income stood at N4 45 billion compared to N0 841 billion recorded in the year 2020 which represents an increase of 430 per cent Mr Kanayochukwu Odoe Acting General Manager NETCOAccording to him it is remarkable that the company s involvement in NNPC s Refinery Rehabilitation project has established NETCO as a responsible service provider in refinery rehabilitation He said that in response to the challenges in the industry and the opportunities created by the Petroleum Industry Act PIA NETCO had embarked on aggressive marketing of its services Adetunji said he had also adopted cost optimization strategies to reposition NETCO for growth and profitability in times of PIA He commended NNPC Group CEO Mr Mele Kyari NETCO management and staff as well as other stakeholders for their efforts to achieve the company s mandate In addition Mr Kanayochukwu Odoe Acting Managing Director of NETCO said that management had stepped up efforts to build NETCO into a full Engineering Procurement and Construction EPC company with aggressive bids for major EPC projects Odoe said NETCO has further diversified its business portfolio to include cost benchmarking value for money audits and cost estimating services He said that in 2021 NETCO completed four projects and was currently executing 16 key contracts in the industry and had continued to contribute to the development of engineering and technical capacity in the country Odoe added that NETCO facilitated a training program for 13 young people from Ireland who were given entrepreneurial skills in fish farming computer applications web design catering leatherworking beading and event management He said management had set a revenue target of N36 58 billion for 2022 Odoe noted that the company s board had approved a gross dividend of N500 million which translated to 50k per share for its shareholders Odoe said NETCO would continue to enhance the Transparency Accountability and Performance Excellence TAPE initiatives promoted by GMD to remain commercially viable Source Credit NAN
    NETCO posts N4.31bn profit for 2021
    Business6 months ago

    NETCO posts N4.31bn profit for 2021

    The National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company (NNPC) Ltd., has declared a pre-tax profit of N4.31 billion for the year ended December 31, 2021.

    The Nigerian News Agency reports that Mr. Adeyemi Adetunji, Chairman of the Board of Directors of NETCO, made the disclosure on Thursday at the company's 32nd Annual General Meeting in Lagos.

    Adetunji said that NETCO overcame significant hurdles it faced as a direct result of the COVID-19 pandemic and the global energy shift that reduced investment in the sector.

    He said: “NETCO has delivered a strong result, posting a total pre-tax profit of N4.31 billion, which is an increase of 36 per cent from N3.17 billion in 2020.

    “The company posted a total revenue of N18.49 billion in the year under review, which represents a marginal increase of three per cent from N18.03 billion in 2020.

    “This is the result of the liquidation of old projects and the income of new projects that are yet to come.

    “NETCO's operating profit stood at N1.40 billion, an increase of 178 per cent, on operating loss of N1.76 billion in the previous year.

    “It is noteworthy that NETCO's gross profit increased from N5.74 billion in the previous year to N9.24 billion in the year under review, which represents an increase of 61 per cent.

    "Total comprehensive income stood at N4.45 billion compared to N0.841 billion recorded in the year 2020, which represents an increase of 430 per cent."

    Mr. Kanayochukwu Odoe, Acting General Manager, NETCO

    According to him, it is remarkable that the company's involvement in NNPC's Refinery Rehabilitation project has established NETCO as a responsible service provider in refinery rehabilitation.

    He said that in response to the challenges in the industry and the opportunities created by the Petroleum Industry Act (PIA), NETCO had embarked on aggressive marketing of its services.

    Adetunji said he had also adopted cost optimization strategies to reposition NETCO for growth and profitability in times of PIA.

    He commended NNPC Group CEO, Mr. Mele Kyari, NETCO management and staff, as well as other stakeholders for their efforts to achieve the company's mandate.

    In addition, Mr. Kanayochukwu Odoe, Acting Managing Director of NETCO, said that management had stepped up efforts to build NETCO into a full Engineering, Procurement and Construction (EPC) company with aggressive bids for major EPC projects.

    Odoe said NETCO has further diversified its business portfolio to include cost benchmarking, value-for-money audits and cost estimating services.

    He said that in 2021, NETCO completed four projects and was currently executing 16 key contracts in the industry and had continued to contribute to the development of engineering and technical capacity in the country.

    Odoe added that NETCO facilitated a training program for 13 young people from Ireland who were given entrepreneurial skills in fish farming, computer applications/web design, catering, leatherworking, beading and event management.

    He said management had set a revenue target of N36.58 billion for 2022.

    Odoe noted that the company's board had approved a gross dividend of N500 million, which translated to 50k per share for its shareholders.

    Odoe said NETCO would continue to enhance the Transparency, Accountability and Performance Excellence (TAPE) initiatives promoted by GMD to remain commercially viable.

    Source Credit: NAN

  •   Vice President Yemi Osinbajo says that the University of Maiduguri UNIMAID has acquired the digital capability to allow its students to interact and take lessons from anywhere in the world Osinbajo said this on Thursday at the formal handover of the Muhammadu Indimi International Learning Center and International Conference Center to the UNIMAID leadership in Maiduguri The facility that was built and donated to university philanthropist Muhammadu Indimi was inaugurated in Buhari in December 2021 The vice president praised Indimi for the gesture adding that over the years the institution has made progress in developing human capacity in the country UNIMAID has trained many great Nigerians including the current President of the Senate the CEO of the Nigerian National Petroleum Corporation Ltd group and ours Professor Babagana Zulum Governor of Borno For UNIMAID to keep up with the rapid pace of development in the world it needs more investment that investment cannot come only from the government The vision of the future and the innovation to imagine conceiving and building a hub that allows Maiduguri students to interact and take lessons from Shanghai Houston or Paris is exactly what is needed for this institution to keep pace with and in some ways lead the ongoing educational innovation we are experiencing This hub will also allow students to enroll in UNIMAID from Abuja Lagos or even Johannesburg expanding the University s enrollment base and providing more options for students to learn and interact Osinbajo said that the Federal Government will also continue to invest in universities According to him UNIMAID is in phase 2 of the Energizing Education Program financed through the Rural Electrification Agency The Federal Government through REA in partnership with the World Bank is in advanced stages of establishing a 12MW Hybrid Solar Power Plant to power UNIMAID and its Teaching Hospital The project will also include a training center and builds on similar projects that have already been completed at Bayero Kano University BUK Makurdi Federal University of Agriculture FUAM Usman Danfodio Sokoto University UDUS and the Alex Federal Ekwueme Ndufu Alike University FUNAI Furthermore I am pleased to announce that through the approved Economic Sustainability Plan NNPC REA and Yola DISCO are partnering with my office and the Borno Governor s Office to implement 30MW of solar power in critical areas of Maiduguri There will be six solar plants of 5MW each to increase the supply of the network and protect against energy sabotage Let me also say that the efforts of the federal government and private individuals can only be truly useful when the state government is serious about development He said that Zulum had demonstrated the benefits inherent in partnering the government with the private sector Osinbajo said the governor had built several mega schools massive shopping malls more than 8 000 housing units and the first overpass in Borno The Vice President said that it was moving and commendable that all of Zulum s achievements were at such a low cost According to the vice president education is the spark behind each girl and boy to maximize their individual potential He said that Indimi s work through his foundation has continued to focus on education as a core area Let me again commend and congratulate Indimi on the completion of this historic project and the successful delivery of the International Learning Center he said In his speech Zulum said he was particularly pleased with the vice president s presence as the projects were another milestone in the state The governor said that Indimi s humanitarian and philanthropic efforts have had a great impact on the lives of the people of the state In her remarks Indimi thanked the vice president for honoring the occasion She said her gesture was born out of her passion for education and empowerment Earlier in his speech UNIMAID Vice Chancellor Prof Aliyu Shugaba expressed the deep gratitude of the Borno people and government to Indimi He said Indimi s gesture was the first of its kind in Nigeria The event attracted members of the National Assembly members of the Federal Executive Council state officials traditional rulers among others
    UNIMAID has digital capacity for global interactions – Osinbajo
      Vice President Yemi Osinbajo says that the University of Maiduguri UNIMAID has acquired the digital capability to allow its students to interact and take lessons from anywhere in the world Osinbajo said this on Thursday at the formal handover of the Muhammadu Indimi International Learning Center and International Conference Center to the UNIMAID leadership in Maiduguri The facility that was built and donated to university philanthropist Muhammadu Indimi was inaugurated in Buhari in December 2021 The vice president praised Indimi for the gesture adding that over the years the institution has made progress in developing human capacity in the country UNIMAID has trained many great Nigerians including the current President of the Senate the CEO of the Nigerian National Petroleum Corporation Ltd group and ours Professor Babagana Zulum Governor of Borno For UNIMAID to keep up with the rapid pace of development in the world it needs more investment that investment cannot come only from the government The vision of the future and the innovation to imagine conceiving and building a hub that allows Maiduguri students to interact and take lessons from Shanghai Houston or Paris is exactly what is needed for this institution to keep pace with and in some ways lead the ongoing educational innovation we are experiencing This hub will also allow students to enroll in UNIMAID from Abuja Lagos or even Johannesburg expanding the University s enrollment base and providing more options for students to learn and interact Osinbajo said that the Federal Government will also continue to invest in universities According to him UNIMAID is in phase 2 of the Energizing Education Program financed through the Rural Electrification Agency The Federal Government through REA in partnership with the World Bank is in advanced stages of establishing a 12MW Hybrid Solar Power Plant to power UNIMAID and its Teaching Hospital The project will also include a training center and builds on similar projects that have already been completed at Bayero Kano University BUK Makurdi Federal University of Agriculture FUAM Usman Danfodio Sokoto University UDUS and the Alex Federal Ekwueme Ndufu Alike University FUNAI Furthermore I am pleased to announce that through the approved Economic Sustainability Plan NNPC REA and Yola DISCO are partnering with my office and the Borno Governor s Office to implement 30MW of solar power in critical areas of Maiduguri There will be six solar plants of 5MW each to increase the supply of the network and protect against energy sabotage Let me also say that the efforts of the federal government and private individuals can only be truly useful when the state government is serious about development He said that Zulum had demonstrated the benefits inherent in partnering the government with the private sector Osinbajo said the governor had built several mega schools massive shopping malls more than 8 000 housing units and the first overpass in Borno The Vice President said that it was moving and commendable that all of Zulum s achievements were at such a low cost According to the vice president education is the spark behind each girl and boy to maximize their individual potential He said that Indimi s work through his foundation has continued to focus on education as a core area Let me again commend and congratulate Indimi on the completion of this historic project and the successful delivery of the International Learning Center he said In his speech Zulum said he was particularly pleased with the vice president s presence as the projects were another milestone in the state The governor said that Indimi s humanitarian and philanthropic efforts have had a great impact on the lives of the people of the state In her remarks Indimi thanked the vice president for honoring the occasion She said her gesture was born out of her passion for education and empowerment Earlier in his speech UNIMAID Vice Chancellor Prof Aliyu Shugaba expressed the deep gratitude of the Borno people and government to Indimi He said Indimi s gesture was the first of its kind in Nigeria The event attracted members of the National Assembly members of the Federal Executive Council state officials traditional rulers among others
    UNIMAID has digital capacity for global interactions – Osinbajo
    Education6 months ago

    UNIMAID has digital capacity for global interactions – Osinbajo

    Vice President Yemi Osinbajo says that the University of Maiduguri (UNIMAID) has acquired the digital capability to allow its students to interact and take lessons from anywhere in the world.

    Osinbajo said this on Thursday at the formal handover of the Muhammadu Indimi International Learning Center and International Conference Center to the UNIMAID leadership in Maiduguri.

    The facility that was built and donated to university philanthropist Muhammadu Indimi was inaugurated in Buhari in December 2021.

    The vice president praised Indimi for the gesture, adding that, over the years, the institution has made progress in developing human capacity in the country.

    “UNIMAID has trained many great Nigerians, including the current President of the Senate, the CEO of the Nigerian National Petroleum Corporation Ltd. group and ours, Professor Babagana Zulum, Governor of Borno.

    “ For UNIMAID to keep up with the rapid pace of development in the world, it needs more investment; that investment cannot come only from the government.

    “The vision of the future and the innovation to imagine; conceiving and building a hub that allows Maiduguri students to interact and take lessons from Shanghai, Houston or Paris is exactly what is needed for this institution to keep pace with and in some ways lead the ongoing educational innovation we are experiencing.

    “This hub will also allow students to enroll in UNIMAID from Abuja, Lagos or even Johannesburg, expanding the University's enrollment base and providing more options for students to learn and interact.”

    Osinbajo said that the Federal Government will also continue to invest in universities.

    According to him, UNIMAID is in phase 2 of the Energizing Education Program financed through the Rural Electrification Agency.

    “The Federal Government through REA, in partnership with the World Bank, is in advanced stages of establishing a 12MW Hybrid Solar Power Plant to power UNIMAID and its Teaching Hospital.

    “The project will also include a training center and builds on similar projects that have already been completed at Bayero Kano University (BUK), Makurdi Federal University of Agriculture (FUAM), Usman Danfodio Sokoto University (UDUS) and the Alex Federal Ekwueme. Ndufu-Alike University (FUNAI).

    “Furthermore, I am pleased to announce that through the approved Economic Sustainability Plan, NNPC, REA and Yola DISCO are partnering with my office and the Borno Governor's Office to implement 30MW of solar power in critical areas of Maiduguri.

    “There will be six solar plants of 5MW each to increase the supply of the network and protect against energy sabotage.

    "Let me also say that the efforts of the federal government and private individuals can only be truly useful when the state government is serious about development."

    He said that Zulum had demonstrated the benefits inherent in partnering the government with the private sector,

    Osinbajo said the governor had built several mega-schools, massive shopping malls, more than 8,000 housing units, and the first overpass in Borno.

    The Vice President said that it was moving and commendable that all of Zulum's achievements were at such a low cost.

    According to the vice president, education is the spark behind each girl and boy to maximize their individual potential.

    He said that Indimi's work through his foundation has continued to focus on education as a core area.

    “Let me again commend and congratulate Indimi on the completion of this historic project and the successful delivery of the International Learning Center,” he said.

    In his speech, Zulum said he was particularly pleased with the vice president's presence as the projects were another milestone in the state.

    The governor said that Indimi's humanitarian and philanthropic efforts have had a great impact on the lives of the people of the state.

    In her remarks, Indimi thanked the vice president for honoring the occasion.

    She said her gesture was born out of her passion for education and empowerment.

    Earlier in his speech, UNIMAID Vice-Chancellor Prof. Aliyu Shugaba expressed the deep gratitude of the Borno people and government to Indimi.

    He said Indimi's gesture was the first of its kind in Nigeria.

    The event attracted members of the National Assembly, members of the Federal Executive Council, state officials, traditional rulers, among others.

  •   Nigerian National Petroleum Company Limited NNPC Ltd started its week on a positive note as its corporate services unit achieved ISO certifications in Business Continuity Management System BCMS and Quality Management System QMS NNPC s corporate services unit known as National Petroleum Investment Management Services NAPIMS acquired the certifications as part of its commitment to deploy automation and set global standards for the Nigerian oil and gas industry It also launched an electronic materials management solution e MMS a platform aimed at improving synergy between operators in the upstream to save costs improve production and ensure process standardization across the industry Speaking at the event at NNPC Towers Abuja NNPC Ltd Board Chair Senator Margery Chuba Okadigbo said the new NNPC was focused on strategic positioning that would enable it to compete globally He noted that NAPIMS achievement of ISO certifications in BCMS and QMS further attests to the company s commitment to the principles of the Transparency Accountability and Performance Excellence TAPE agenda He stressed that automating the system would reduce costs ensure smooth inventory sharing among industry players and encourage the revenue generating auction system In his comments NNPC GMD CEO Malam Mele Kyari stated that the company s operation was experiencing massive disruption in the form of pipeline vandalism He said that the significant ISO certifications around NNPC s business and e MMS solution can respond positively by providing containment measures to address industry challenges Kyari said that with the current situations around the world there was a need for NNPC to harness today s abundant hydrocarbon resources to build tomorrow s energy He stressed that the NNPC would continue to prioritize the development and utilization of gas on its way to becoming a world class energy company Also speaking at the event Group Chief Executive Officer Upstream Mr Adokiye Tombomieye noted that NNPC Upstream identified standardization and digitization processes as key elements needed to achieve cost optimization production and national reserve aspirations Mr Adokiye TombomieyeTombomieye said that the Directorate would continue to bring automation in line with industry best practices to eliminate the impact of discretion in decision making processes He stated that NAPIMS had become the first government run organization in West Africa to receive ISO 22301 2019 certification for Business Continuity Management from RINA Italy Some of the industry stakeholders at the event included the representative of the Minister of State for Petroleum Resources Dr Famous Eseduwo the Director of Human Resources of the Ministry of Petroleum Resources Mr Cosmas Iwueze who represented the President of OPTS Mr Rick Kennedy The Executive Secretary of the Nigerian Content Development and Monitoring Board NCDMB Mr Simbi Wabote pledges his support for NNPC initiatives to move the oil and gas sector forward Mr Bala Wunti Group General Manager of NAPIMS said that acquiring the certifications had become a means and not an end because the objective was to institutionalize the best processes and standards to achieve profitability and value creation for the benefit of of the Nigerians He said that the e MMS solution provides a transparent exchange platform that leverages data management to serve the material asset needs of players in the oil and gas business adding that the milestones achieved in the areas of certification and automation were the result of functional collaboration and support from all stakeholders The highlight of the event was the virtual and physical presentation of the Director of ISO certificates RINA Mr Alessandro Momei and Mr Richard Omale of the 3FM Solution respectively Still in the week under review NNPC Ltd reaffirmed its commitment to invest heavily in infrastructure development especially roads with a view to building a vibrant national economy The company stated this at the 7th edition of the Africa Road Builders Trophee Babacar Ndiaye conference held in collaboration with the Federal Ministry of Public Works and Housing in Abuja Speaking on the theme of the conference Building Roads Building Economies President Muhammadu Buhari Representative of Works and Housing Babatunde Fashola SAN emphasized the importance of road construction for the Nigerian economy He listed the efforts of the Federal Government in the development of road infrastructure throughout the country In his presentation the GMD CEO NNPC Ltd Malam Mele Kyari who was represented by the Executive Director of Downstream Mr Yemi Adetunji said that NNPC was committed to building a strong economy for Nigeria Kyari said it was doing so by intervening in the construction of critical highways across the country under the federal government s Road Infrastructure Development and Renovation Investment Tax Credit Scheme He said the intervention was in fulfillment of his main mandate to ensure energy security through the efficient distribution of petroleum products throughout the country an activity that relies heavily on road transport Stakeholders such as the Nigerian Sovereign Investment Authority NSIA the Infrastructure Concessions Regulatory Commission ICRC the National Association of Road Transport Owners NARTO and the Federal Highway Safety Corps FRSC made presentations on ongoing road projects The Federal Internal Revenue Services FIRS Nigerian Liquefied Natural Gas Ltd NLNG Dangote Group and other partners also made presentations highlighting projects aimed at creating jobs and promoting economic activities in the country The highlight of the event was President Muhammadu Buhari s announcement as the winner of the 2021 Great Builder Super Prize the Babacar Ndiaye Trophy during the inaugural Africa Road Builders conference held in Cairo Egypt in May 2021 The Africa Road Builders Trophy is named after Dr Babacar Ndiaye President of the African Development Bank AfDB from 1985 to 1995 who initiated the conference The conference is sponsored by AfDB to promote the development of road and transport infrastructure in Africa as well as to encourage African countries to improve roads and transport It is also organized to celebrate good examples and reward an African Head of State who achieved exemplary road and transport success in their countries each year In another development Nasarawa Keffi State University NSUK described NNPC Ltd GMD CEO Kyari as an innovative and transformational leader This commendation was presented at the 6th Combined Convocation Ceremony at Nasarawa State University Keffi where Kyari was awarded an honorary Doctor of Science degree Presenting the award to Kyari the university s Chancellor and Emir of Keffi His Royal Highness Alhaji Shehu Chindo Yamusa III said the NNPC chief had shown excellent leadership in the oil and gas industry through his transformation of the company into a lucrative entity Kyari was represented by the Executive Director of Corporate Services Hajiya Aisha Farida Katagum Also on the occasion was the Vice President Professor Yemi Osinbajo who as a special guest of honor launched the N4 billion endowment fund for some projects in the university The projects include Research Centers in Chemistry and Production Fice and Business Studies Sugar ICT Agricultural Value Chain and Climate Change The Vice President reiterated the need to coordinate efforts in the advancement of science and technological research while applauding the zeal and determination of the University to venture into innovation and robotics NNPC GMD CEO Malam Mele KyariOther dignitaries who were honored with doctoral degrees alongside Kyari include Federation Attorney General and Minister of Justice Abubakar Malami Immediate Past Governor of Nasarawa State Tanko Almakura Alhaji Aliko Dangote Chief Peter Eloka and Alhaji Ali Abdulrazak Balarabe The Governor of Nasarawa Abdullahi Sule who congratulated all the graduates and awardees for the well deserved recognition assured the citizens of the government s commitment to the development of education in the state Other dignitaries at the event included the National Chairman of the ruling All Progressives Congress Alhaji Abdullahi Adamu members of the state and federal legislature and traditional rulers Present to congratulate the GMD were the Managing Director of PPMC Mr Isiyaku Abdullahi NMSL MD Dr Mohammed Zango GGM SBA to GMD Mr Abubakar Nuhu Mohammed GGM GPAD Mr Garba Deen Muhammad GM Shared Services FES Mr Ahmed Ardo and GMD Business Advisor Ahmed Ibrahim Visit us at for more details
    NNPC Weekly: Kyari repositions company for robust business
      Nigerian National Petroleum Company Limited NNPC Ltd started its week on a positive note as its corporate services unit achieved ISO certifications in Business Continuity Management System BCMS and Quality Management System QMS NNPC s corporate services unit known as National Petroleum Investment Management Services NAPIMS acquired the certifications as part of its commitment to deploy automation and set global standards for the Nigerian oil and gas industry It also launched an electronic materials management solution e MMS a platform aimed at improving synergy between operators in the upstream to save costs improve production and ensure process standardization across the industry Speaking at the event at NNPC Towers Abuja NNPC Ltd Board Chair Senator Margery Chuba Okadigbo said the new NNPC was focused on strategic positioning that would enable it to compete globally He noted that NAPIMS achievement of ISO certifications in BCMS and QMS further attests to the company s commitment to the principles of the Transparency Accountability and Performance Excellence TAPE agenda He stressed that automating the system would reduce costs ensure smooth inventory sharing among industry players and encourage the revenue generating auction system In his comments NNPC GMD CEO Malam Mele Kyari stated that the company s operation was experiencing massive disruption in the form of pipeline vandalism He said that the significant ISO certifications around NNPC s business and e MMS solution can respond positively by providing containment measures to address industry challenges Kyari said that with the current situations around the world there was a need for NNPC to harness today s abundant hydrocarbon resources to build tomorrow s energy He stressed that the NNPC would continue to prioritize the development and utilization of gas on its way to becoming a world class energy company Also speaking at the event Group Chief Executive Officer Upstream Mr Adokiye Tombomieye noted that NNPC Upstream identified standardization and digitization processes as key elements needed to achieve cost optimization production and national reserve aspirations Mr Adokiye TombomieyeTombomieye said that the Directorate would continue to bring automation in line with industry best practices to eliminate the impact of discretion in decision making processes He stated that NAPIMS had become the first government run organization in West Africa to receive ISO 22301 2019 certification for Business Continuity Management from RINA Italy Some of the industry stakeholders at the event included the representative of the Minister of State for Petroleum Resources Dr Famous Eseduwo the Director of Human Resources of the Ministry of Petroleum Resources Mr Cosmas Iwueze who represented the President of OPTS Mr Rick Kennedy The Executive Secretary of the Nigerian Content Development and Monitoring Board NCDMB Mr Simbi Wabote pledges his support for NNPC initiatives to move the oil and gas sector forward Mr Bala Wunti Group General Manager of NAPIMS said that acquiring the certifications had become a means and not an end because the objective was to institutionalize the best processes and standards to achieve profitability and value creation for the benefit of of the Nigerians He said that the e MMS solution provides a transparent exchange platform that leverages data management to serve the material asset needs of players in the oil and gas business adding that the milestones achieved in the areas of certification and automation were the result of functional collaboration and support from all stakeholders The highlight of the event was the virtual and physical presentation of the Director of ISO certificates RINA Mr Alessandro Momei and Mr Richard Omale of the 3FM Solution respectively Still in the week under review NNPC Ltd reaffirmed its commitment to invest heavily in infrastructure development especially roads with a view to building a vibrant national economy The company stated this at the 7th edition of the Africa Road Builders Trophee Babacar Ndiaye conference held in collaboration with the Federal Ministry of Public Works and Housing in Abuja Speaking on the theme of the conference Building Roads Building Economies President Muhammadu Buhari Representative of Works and Housing Babatunde Fashola SAN emphasized the importance of road construction for the Nigerian economy He listed the efforts of the Federal Government in the development of road infrastructure throughout the country In his presentation the GMD CEO NNPC Ltd Malam Mele Kyari who was represented by the Executive Director of Downstream Mr Yemi Adetunji said that NNPC was committed to building a strong economy for Nigeria Kyari said it was doing so by intervening in the construction of critical highways across the country under the federal government s Road Infrastructure Development and Renovation Investment Tax Credit Scheme He said the intervention was in fulfillment of his main mandate to ensure energy security through the efficient distribution of petroleum products throughout the country an activity that relies heavily on road transport Stakeholders such as the Nigerian Sovereign Investment Authority NSIA the Infrastructure Concessions Regulatory Commission ICRC the National Association of Road Transport Owners NARTO and the Federal Highway Safety Corps FRSC made presentations on ongoing road projects The Federal Internal Revenue Services FIRS Nigerian Liquefied Natural Gas Ltd NLNG Dangote Group and other partners also made presentations highlighting projects aimed at creating jobs and promoting economic activities in the country The highlight of the event was President Muhammadu Buhari s announcement as the winner of the 2021 Great Builder Super Prize the Babacar Ndiaye Trophy during the inaugural Africa Road Builders conference held in Cairo Egypt in May 2021 The Africa Road Builders Trophy is named after Dr Babacar Ndiaye President of the African Development Bank AfDB from 1985 to 1995 who initiated the conference The conference is sponsored by AfDB to promote the development of road and transport infrastructure in Africa as well as to encourage African countries to improve roads and transport It is also organized to celebrate good examples and reward an African Head of State who achieved exemplary road and transport success in their countries each year In another development Nasarawa Keffi State University NSUK described NNPC Ltd GMD CEO Kyari as an innovative and transformational leader This commendation was presented at the 6th Combined Convocation Ceremony at Nasarawa State University Keffi where Kyari was awarded an honorary Doctor of Science degree Presenting the award to Kyari the university s Chancellor and Emir of Keffi His Royal Highness Alhaji Shehu Chindo Yamusa III said the NNPC chief had shown excellent leadership in the oil and gas industry through his transformation of the company into a lucrative entity Kyari was represented by the Executive Director of Corporate Services Hajiya Aisha Farida Katagum Also on the occasion was the Vice President Professor Yemi Osinbajo who as a special guest of honor launched the N4 billion endowment fund for some projects in the university The projects include Research Centers in Chemistry and Production Fice and Business Studies Sugar ICT Agricultural Value Chain and Climate Change The Vice President reiterated the need to coordinate efforts in the advancement of science and technological research while applauding the zeal and determination of the University to venture into innovation and robotics NNPC GMD CEO Malam Mele KyariOther dignitaries who were honored with doctoral degrees alongside Kyari include Federation Attorney General and Minister of Justice Abubakar Malami Immediate Past Governor of Nasarawa State Tanko Almakura Alhaji Aliko Dangote Chief Peter Eloka and Alhaji Ali Abdulrazak Balarabe The Governor of Nasarawa Abdullahi Sule who congratulated all the graduates and awardees for the well deserved recognition assured the citizens of the government s commitment to the development of education in the state Other dignitaries at the event included the National Chairman of the ruling All Progressives Congress Alhaji Abdullahi Adamu members of the state and federal legislature and traditional rulers Present to congratulate the GMD were the Managing Director of PPMC Mr Isiyaku Abdullahi NMSL MD Dr Mohammed Zango GGM SBA to GMD Mr Abubakar Nuhu Mohammed GGM GPAD Mr Garba Deen Muhammad GM Shared Services FES Mr Ahmed Ardo and GMD Business Advisor Ahmed Ibrahim Visit us at for more details
    NNPC Weekly: Kyari repositions company for robust business
    General news6 months ago

    NNPC Weekly: Kyari repositions company for robust business

    Nigerian National Petroleum Company Limited (NNPC Ltd.) started its week on a positive note as its corporate services unit achieved ISO certifications in Business Continuity Management System (BCMS) and Quality Management System (QMS).

    NNPC's corporate services unit known as National Petroleum Investment Management Services (NAPIMS), acquired the certifications as part of its commitment to deploy automation and set global standards for the Nigerian oil and gas industry.

    It also launched an electronic materials management solution (e-MMS), a platform aimed at improving synergy between operators in the upstream to save costs, improve production and ensure process standardization across the industry.

    Speaking at the event at NNPC Towers, Abuja, NNPC Ltd Board Chair Senator Margery Chuba-Okadigbo said the new NNPC was focused on strategic positioning that would enable it to compete globally.

    He noted that NAPIMS' achievement of ISO certifications in BCMS and QMS further attests to the company's commitment to the principles of the Transparency, Accountability and Performance Excellence (TAPE) agenda.

    He stressed that automating the system would reduce costs, ensure smooth inventory sharing among industry players, and encourage the revenue-generating auction system.

    In his comments, NNPC GMD/CEO Malam Mele Kyari stated that the company's operation was experiencing massive disruption in the form of pipeline vandalism.

    He said that the significant ISO certifications around NNPC's business and e-MMS solution can respond positively by providing containment measures to address industry challenges.

    Kyari said that with the current situations around the world, there was a need for NNPC to harness today's abundant hydrocarbon resources to build tomorrow's energy.

    He stressed that the NNPC would continue to prioritize the development and utilization of gas on its way to becoming a world-class energy company.

    Also speaking at the event, Group Chief Executive Officer, Upstream, Mr. Adokiye Tombomieye, noted that NNPC Upstream identified standardization and digitization processes as key elements needed to achieve cost optimization, production and national reserve aspirations. .

    Mr. Adokiye Tombomieye

    Tombomieye said that the Directorate would continue to bring automation in line with industry best practices to eliminate the impact of discretion in decision-making processes.

    He stated that NAPIMS had become the first government-run organization in West Africa to receive ISO-22301:2019 certification for Business Continuity Management from RINA, Italy.

    Some of the industry stakeholders at the event included the representative of the Minister of State for Petroleum Resources, Dr. Famous Eseduwo, the Director of Human Resources of the Ministry of Petroleum Resources, Mr. Cosmas Iwueze, who represented the President of OPTS, Mr. Rick Kennedy.

    The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote, pledges his support for NNPC initiatives to move the oil and gas sector forward.

    Mr. Bala Wunti, Group General Manager of NAPIMS, said that acquiring the certifications had become a means and not an end because the objective was to institutionalize the best processes and standards to achieve profitability and value creation for the benefit of of the Nigerians.

    He said that the e-MMS solution provides a transparent exchange platform that leverages data management to serve the material asset needs of players in the oil and gas business, adding that the milestones achieved in the areas of certification and automation were the result of functional collaboration and support from all stakeholders.

    The highlight of the event was the virtual and physical presentation of the Director of ISO certificates, RINA, Mr. Alessandro Momei and Mr. Richard Omale of the 3FM Solution, respectively.

    Still in the week under review, NNPC Ltd. reaffirmed its commitment to invest heavily in infrastructure development, especially roads, with a view to building a vibrant national economy.

    The company stated this at the 7th edition of the Africa Road Builders Trophee Babacar Ndiaye conference held in collaboration with the Federal Ministry of Public Works and Housing in Abuja.

    Speaking on the theme of the conference, “Building Roads, Building Economies”. President Muhammadu Buhari, Representative of Works and Housing, Babatunde Fashola (SAN), emphasized the importance of road construction for the Nigerian economy.

    He listed the efforts of the Federal Government in the development of road infrastructure throughout the country.

    In his presentation, the GMD/CEO, NNPC Ltd. Malam Mele Kyari, who was represented by the Executive Director of Downstream, Mr. Yemi Adetunji, said that NNPC was committed to building a strong economy for Nigeria.

    Kyari said it was doing so by intervening in the construction of critical highways across the country under the federal government's Road Infrastructure Development and Renovation Investment Tax Credit Scheme.

    He said the intervention was in fulfillment of his main mandate to ensure energy security through the efficient distribution of petroleum products throughout the country, an activity that relies heavily on road transport.

    Stakeholders such as the Nigerian Sovereign Investment Authority (NSIA), the Infrastructure Concessions Regulatory Commission (ICRC), the National Association of Road Transport Owners (NARTO) and the Federal Highway Safety Corps (FRSC) made presentations on ongoing road projects.

    The Federal Internal Revenue Services (FIRS), Nigerian Liquefied Natural Gas Ltd. (NLNG), Dangote Group and other partners also made presentations highlighting projects aimed at creating jobs and promoting economic activities in the country.

    The highlight of the event was President Muhammadu Buhari's announcement as the winner of the 2021 Great Builder Super Prize, the Babacar Ndiaye Trophy during the inaugural Africa Road Builders conference held in Cairo, Egypt in May 2021.

    The Africa Road Builders Trophy is named after Dr. Babacar Ndiaye, President of the African Development Bank (AfDB) from 1985 to 1995, who initiated the conference.

    The conference is sponsored by (AfDB), to promote the development of road and transport infrastructure in Africa, as well as to encourage African countries to improve roads and transport.

    It is also organized to celebrate good examples and reward an African Head of State who achieved exemplary road and transport success in their countries each year.

    In another development, Nasarawa Keffi State University (NSUK) described NNPC Ltd. GMD/CEO Kyari as an innovative and transformational leader.

    This commendation was presented at the 6th Combined Convocation Ceremony at Nasarawa State University, Keffi, where Kyari was awarded an honorary Doctor of Science degree.

    Presenting the award to Kyari, the university's Chancellor and Emir of Keffi, His Royal Highness Alhaji Shehu Chindo Yamusa III, said the NNPC chief had shown excellent leadership in the oil and gas industry through his transformation of the company into a lucrative entity. .

    Kyari was represented by the Executive Director of Corporate Services, Hajiya Aisha Farida Katagum.

    Also, on the occasion was the Vice President, Professor Yemi Osinbajo, who as a special guest of honor launched the N4 billion endowment fund for some projects in the university.

    The projects include: Research Centers in Chemistry and Production, Fice and Business Studies, Sugar, ICT, Agricultural Value Chain and Climate Change.

    The Vice President reiterated the need to coordinate efforts in the advancement of science and technological research while applauding the zeal and determination of the University to venture into innovation and robotics.

    NNPC GMD/CEO, Malam Mele Kyari

    Other dignitaries who were honored with doctoral degrees alongside Kyari include: Federation Attorney General and Minister of Justice Abubakar Malami, Immediate Past Governor of Nasarawa State Tanko Almakura, Alhaji Aliko Dangote, Chief Peter Eloka and Alhaji Ali Abdulrazak Balarabe.

    The Governor of Nasarawa, Abdullahi Sule, who congratulated all the graduates and awardees for the well-deserved recognition, assured the citizens of the government's commitment to the development of education in the state.

    Other dignitaries at the event included the National Chairman of the ruling All Progressives Congress, Alhaji Abdullahi Adamu, members of the state and federal legislature and traditional rulers.

    Present to congratulate the GMD were the Managing Director of PPMC, Mr. Isiyaku Abdullahi; NMSL MD, Dr. Mohammed Zango; GGM/SBA to GMD, Mr. Abubakar Nuhu Mohammed; GGM, GPAD, Mr. Garba Deen Muhammad; GM, Shared Services, FES, Mr. Ahmed Ardo; and GMD Business Advisor Ahmed Ibrahim.

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