Osinbajo Commences Interactions With Oil-Producing Communities

Osinbajo Commences Interactions With Oil-Producing CommunitiesVice President Yemi Osinbajo will be visiting a number of oil communities across some Niger Delta states starting on Monday, January 16, 2017, when he travels to Delta State.

According to a statement from the Office of the Vice President, Prof. Osinbajo would also be visiting Bayelsa and Rivers States at a later date to be announced soon.

Spokesperson for the Office of the Vice President, Laolu Akande, described the move as further demonstration of President Muhammadu Buhari’s readiness and determination to comprehensively address the Niger Delta situation.

He stated: “At these visits, the Vice President will lead high-level delegations of the Federal Government that will interact with leaders and representatives of the oil-producing communities in continuation of ongoing outreach efforts of the Buhari administration towards a long lasting and permanent resolution of the Niger Delta crisis.

“The Buhari presidency is fully committed to having an effective dialogue and positive engagement that will end the crisis in the oil-producing areas, and believes that these visits would further boost the confidence necessary for the attainment of peace and prosperity in the areas and the Nigerian nation in general.”

NUPENG Declares 3-Day Warning Strike

 NUPENG Declares 3-Day Warning StrikeThe Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has declared a three-day warning strike beginning 12 midnight, ahead of their meeting with the federal government on Wednesday.

The President of the union, Mr Igwe Achese, told journalists in Abuja after an emergency meeting of the union, that the strike is to press for the implementation of the agreement reached with the oil companies on staff welfare, mediated by the federal government in 2016.

He however explained that the continuation or otherwise of the strike beyond Wednesday, January 11, would be determined by the outcome of a joint meeting between the union and the federal government on Wednesday.

India To Invest $15bn In Nigeria’s Oil And Gas

Oil and gas, Ibe kachikwu, Nigerian Shippers Council, Maritime LawThe Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has negotiated a 15 billion dollar investment in Nigeria’s oil and gas sector with the Indian government. 

The negotiations formed part of the three-day investment drive of Mr Kachikwu to India where he concluded talks on investments in Nigeria’s oil and gas sector in a bilateral meeting with his Indian counterpart in charge of petroleum and natural gas.

Both countries have agreed to work on a memorandum of understanding to facilitate investments by India in the Nigerian oil and gas sector and specifically in areas such as term contract, participation of Indian companies in the refining sector, oil and gas marketing and upstream ventures.

The MoU is expected to be firmed up in December 2016 during the 12th International Oil and Gas Conference and Exhibition, PETROTECH-2016, at New Delhi.

DPR Vows To Curb Production Of Fake Lubricants

engine oil, fake lubricant, DPRThe Department of Petroleum Resources (DPR) has vowed to curb the activities of fake producers of fake lubricants in Kwara state and urged stakeholders for more collaborations in this regard.

The Operations Controller of DPR in the state, Salvation Phillips, made the resolution at a stakeholders’ meeting on how to find a lasting solution to the production of fake lubricants in Ilorin the Kwara state capital.

He said that there was the need to alert the public on the nefarious activities and dangers posed in the usage of the fake engine oil which he noted are injurious to national economy, legitimate business, public safety and security.

Recently, the Department of the Petroleum Resources in collaboration with the Nigerian Security and Civil Defence Corps (NSCDC) raided an illegal factory in Ogbondoroko, Asa Local Government Area of Kwara state where engine oil and lubricants were being blended.

The sealing of the illegal factory also led to the main depot where the alleged fake lubricants were being sold and further adulteration taking place at Offa garage area in Ilorin.

The State Commandant of the Nigerian Security and Civil Defence Corps, Pedro John, at the meeting, stressed the readiness of his command to partner with relevant agencies to ensure that sharp practices in the oil and gas sector is reduced to the barest minimum.

He tasked the management of NNPC to ensure that loading of petroleum products resumes at Ilorin depot to ease the challenges being faced by marketers.

One of the producers of the lubricants present at the meeting, Taiye Williams, however, challenged DPR and the Standard Organisation of Nigeria (SON) to have synergy on how to license producers of the engine oil.

He called for more training of the staff of the two agencies on how to discover the fake from original lubricants.

At the end of the deliberations, the Department of Petroleum Resources, Standard Organizations of Nigeria (SON) and the Nigerian Security and Civil Defense Corps (NSCDC) agreed to work together with other stakeholders to eradicate the production of fake lubricants in the state.

Chinese Company Partners Anambra In Agriculture, Power Others

Anambra, Willie Obiano, China CAMC Engineering Limited A project contracting company, China CAMC Engineering Limited is set to partner Anambra State in four key sectors of development.

A delegation from the company and some finance partners facilitated by the United Nations Industrial Development Organisation (UNIDO) revealed this during a courtesy call on the Anambra State Governor, Willie Obiano.

Leading the delegation, the Managing Director of the company, Mr Yu Tao, expressed their interest to partner the state in the sectors of agriculture, power, health, as well as oil and gas.

He promised that the company would support Anambra State in areas of staple food processing and agricultural mechanisation.

Mr Tao also highlighted the construction of airport and other transport system, where they intend to engage in intercity and inter-state rail projects.

He said they were convinced that they made the right choice by coming to Anambra State with the level of development they saw in the state.

Governor Obiano on his part welcomed the partnership interest of the group, especially in the area of oil and gas, as well as power.

He assured them of security, saying that his administration has made great efforts to ensure that investments and business ventures in the state thrive under a very conducive atmosphere.

The Governor further sought their partnership in the development of water transportation and creation of Export Free Zone in the state.

While he promised that his government would play its part to ensure that the deal was struck soon, there were exchange of souvenirs and group photographs to seal the meeting.

Dangote Set To Launch Nigeria’s First Private Refinery

DangoteAfrica’s richest man, Aliko Dangote, plans to launch Nigeria’s first private crude oil refinery by 2019 while almost doubling his cement production on the continent by adding plants in eight countries as he shrugs off a regional economic downturn.

Dangote told Reuters the $12 billion refinery would have a capacity of 650,000 barrels a day, cornering the market in Africa’s most populous country, where fuel shortages are a perennial problem.

Until recently, Nigeria was Africa’s biggest crude oil producer but it imports 80% of its fuel because poor maintenance means its four refineries never reach full output.

Its current daily consumption is 260,000 barrels, according to the International Energy Agency.

A slump in commodity prices has hammered Nigeria’s economy – along with many others on the continent – and raised the cost of borrowing but Dangote, whose business empire stretches from cement to flour and pasta, is pushing hard into oil and gas.

“It will be ready in the first quarter of 2019,” the billionaire founder of Dangote Cement said of the refinery. “Mechanical completion will be end of 2018 but we will start producing in 2019.”

Dangote said the plant, which will include a $2 billion fertilizer unit, was being funded through “loans, export credit agencies and our own equity”.

Some $3.25 billion had come from local and foreign banks, while the central bank had also chipped in. The IFC, the private sector arm of the World Bank, has lent $150 million.

Dangote also has plans for a gas pipeline through West Africa. Nigeria has the world’s ninth largest proven gas reserves, at 187 trillion cubic feet (tcf), but loses half of it to flaring and re-injection.

Despite the new focus on oil and gas, the business magnate said he planned to build cement plants in Cameroon, Ethiopia, Kenya, Mali, Niger, Nigeria, Senegal and Zambia by 2018. Another plant will open in Congo Republic by September, he added.

A cement plant in Ivory Coast would triple output to 3 million tonnes, up from an initial target of 1 million, he said, while two new plants in Nigeria would add 6 million tonnes annually.

“As at now, what we have in operation is almost about 45 million tonnes, so we have just another 40 million tonnes to go,” he said, affirming an Africa-wide production target of 85 million tonnes a year by 2018.


Nigeria Asked To Review Oil Licensing Process

Oil Licence, Nigeria, Nigeria has been asked to amend the processes and guidelines through which it awards oil licences to individuals and organisations.

This position was canvassed by participants at the investigative hearing being conducted by the House of Representatives on alleged malpractice in the allocation of oil and gas assets.

The Chairman, House Ad-hoc Committee, Rep. Gideon Gwani, explained that the hearing commenced with the ad-hoc committee reviewing the 2005, 2006 and 2007 licensing rounds and raising some issues.

A former GMD, Nigerian National Petroleum Corporation, Funsho Kupolokun, and the Permanent Secretary, Ministry of Petroleum Resources, Jemila Shuara, also agreed that there was an urgent need to amend the process.

The Deputy Director, Department of Petroleum Resources (DPR), Sunday Babalola, addressed some of the concerns of the DPR, while some of the participants said that the process through which the allocations of these assets were made clearly left a lot to be desired.

In spite of the abundant resources in Nigeria’s oil and gas, the country appears not to have utilised the potentials for its development.

The House committee is billed to meet with some of the companies that participated in the past licensing rounds before it concludes its investigation.

Obiano Launches Book On Achievements

ObianoAnambra State Governor, Willie Obiano, has launched a book which captures his administration’s policies and programme since he assumed office.

Governor Obiano unveiled the book on Sunday at the Professor Dora Akunyili Women Development Centre in Anambra State in southeast Nigeria, as part of activities marking his two years in office.

The 588-page book captures the developmental strides of the governor in critical sectors of the state.

Governor Obiano, who dedicated the successes recorded in the book to the people of the state, appealed for more support to enable him do more for the benefit of all.

Earlier the governor announced to the people of Anambra State that a very good foundation had been laid for sustainable development in the state since the inception of his administration.

He pointed out that the development strategy of the state in keeping afloat despite the present economic crunch in the country was his ability to define his vision and mission for the state.

Governor Obiano said that the vision and mission were hinged on four pillars of his administrative blueprint – agriculture, industrialisation, trade and commerce, and oil and gas.

Obiano Proud Of Sustainable Development In Anambra

Willie ObianoGovernor Willie Obiano has announced to the people of Anambra State that two years into his administration, a very good foundation has been laid for sustainable development in the state.

The Governor made the pronouncement during a state broadcast while marking his two years in office.

He said that the development strategy of the state in keeping afloat, despite the present economic crunch in the country was his ability to define his vision and mission for the state.

Governor Obiano stressed that the vision and mission, which are hinged on four pillars of his administrative blueprint include: agriculture, industrialization, trade and commerce, as well as oil and gas.

He said that these alongside the twelve enablers have made Anambra State a socially stable and business friendly environment which has attracted both indigenous and foreign investors to come and seek wealth-creating opportunities.

Within the period, the Governor disclosed that investments valued at 3.2 billion dollars have been attracted in the state with 52,500 direct job and 200,000 indirect job prospects expected.

He appreciated the people of the Anambra State for their support since his swearing in, assuring them of more infrastructural projects, rebuilding of schools, hospitals, markets and environment.

Governor Willie Obiano said that with an impressive Internally Generated Revenue achieved through timely deployment of cutting edge technology and clinical weeding out of over 800 ghost workers in the state, the state would be transformed for good.

He also solicited the support of all and sundry to help move the plans and policies of the government forward to further stimulate commerce, strengthen security, as well as promote better social and economic life among citizens.

Finance Minister Cancels Oil And Gas Pre-Shipment Tender Exercise

financeThe Minister of Finance, Mrs Kemi Adeosun, has ordered the immediate cancellation of the tendering process for the engagement of Pre-Shipment Inspection and Monitoring Agents for Oil and Gas.

The decision was necessitated by the receipt of numerous complaints and a petition regarding alleged irregularities in the process, she said.

A statement by the spokesperson for the Ministry read: “In June 2015, President Muhammadu Buhari mandated the Federal Ministry of Finance, under the then Permanent Secretary, Mrs Anastasia Nwoabia, to commence the process of engaging Pre-Shipment Inspection and Monitoring Agents. Upon the approval of the Bureau of Public Procurement, a selective tendering process was initiated under which 65 companies were selected and invited to bid”.

However, since the inception of the process, numerous complaints were sent to the Federal Ministry of Finance, suggesting that the method by which the 65 companies were selected was faulty and lacked transparency.

Additionally, a formal petition was received by the Bureau of Public Procurement, making specific allegations about the process.

Under Public Procurement rules, the receipt of a formal petition requires a suspension of the tendering process to allow an investigation. However, in this instance, the Minister has taken the decision to cancel the process.

The Minister said that, “the sheer volume of complaints and the wide range of sources they emanated from, had raised a sufficient level of concern around the process to warrant a full cancellation rather than a suspension.

“This administration stands for transparency and accountability and it is therefore important that all procurement and tendering exercises must be undertaken in accordance with best practices”.

Pre-Ship Inspection of Oil and Gas Exports commenced in 2015 and requires a Clean Certificate of Inspection to be issued, confirming the volume and the value of all exports.

The programme is believed to have enhanced government revenues by preventing misstatement and understatement by exporters.

The Ministry of Finance stated that it was in consultation with the Bureau of Public Procurement to commence a new process and to ensure interim arrangements for service provision.

The Ministry further stated that details of the new process would be communicated shortly.

Kaduna Refinery Resumes Production

Kaduna-Refinery-plantThe Kaduna Refinery and Petrochemical Company has resumed production of petrol four months after it was closed for repairs.

The Managing Director of the company, Saidu Mohammed, who disclosed this to Channels Television in Kaduna, said that the plant, which was closed in September, came back on stream last Saturday ahead of the December deadline for Nigeria’s four refineries to return to full production.

The restart of production at the Kaduna refinery should be a cheering news for Nigerians, who have endured months of scarcity of petrol.

Mohammed explained that the plant, which is getting supply of crude oil from Escravos in Warri, is currently producing at an average 1.5 million litres of Premium Motor Spirit per day.

The MD said that with the resumption of production, the Pipelines and Product Marketing Company (PPMC) is expected to commence trucking of refined products within the week. He added that at least 50 trucks are expected to be loading the substance for supply to the northern part of the nation and beyond on daily basis.

Mr Mohammed further explained that the Kaduna refinery is working in collaboration with the PPMC and Department of Petroluem Resources (DPR) to ensure that products are properly supplied across the region, to cushion the effect of the scarcity of petrol.

While appealing to the public to exercise patience, he gave the assurance that the long queues across the country would soon disappear as soon as the PPMC commences trucking.

Prior to its closure in September, Kaduna refinery had stopped working for most part of the year, except briefly in July and August, when its utilisation capacity dropped to about 2.6 per cent and 10.5 per cent respectively, according the NNPC monthly operational report for October.

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, had issued a 90-day ultimatum to the managements of the four refineries shortly after his appointment in August.