Oil & Energy
Firm Lists Way Forward For Nigeria’s Oil Sector
Masters Oil and Gas Limited, an indigenous oil and gas company based in Rumuolumeni, near Port Harcourt in Rivers State, has projected how Nigeria’s oil and gas industry can be truly indigenous and devoid of foreign domination.
Speaking with The Tide in his office during an interview, the General Manager of the company, Mr. Collins Onyemelukwe said Nigeria cannot continue to play a peripheral role in an industry that generates 90 per cent of the country’s foreign exchange earnings.
For Nigerians to participate actively in the industry, he urged the government to establish more specialised institutions for effective manpower training and career development to enable Nigerians take control of the industry.
He frowned at the idea of using paper qualification to secure juicy jobs in the industry without the requisite technical skill and training, stating that such practice has made it difficult for Nigerians to participate actively in the industry, especially in the upstream sector.
He also called on the government to build more refineries and make the existing ones functional, to discourage importation of petroleum products.
Onyemelukwe, however, expressed optimism over the growing sense of participation of Nigerians, especially in the downstream sector, now with 100 per cent indigenous participation.
The general manager pledged the commitment of the company to excellence in service delivery and safety consciousness in its operation, stressing that the company, which began operation in 2006, has played a leading role in the downstream sector, even in the face of growing competition in the industry.
In line with the local content and indigenization policy, he said the staff composition of the company was 100 per cent Nigerian, and also enjoys excellent community relations with its host communities and related agencies.
The company specialises in the distribution of petroleum products, such as PMS, AGO, DPK, ATK, LPFO.
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Oil & Energy
Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
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