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Oil & Energy

LG Chairmen Promise To Protect PHED Personnel

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The Chairman of Ikwere Local Government Area Rivers State, Hon. Samuel Nwanosike, and his counterpart from Emohua, Chief Tom Aliezi, have assured Port Harcourt Electricity Distribution Company (PHED) personnel of protection against harassment in the discharge of their duties
The local government chairmen, who made the promises when they visited the management of Port Harcourt Electricity Distribution Company, PHED, in Port Harcourt with their community leaders, assured that they will beef-up security around all PHED installations in the various Local Government Areas.
The chairmen, who were received on arrival by the Chief Executive Officer, CEO, PHED, Mr. Naveen Kapoor, represented by the General Manager, Commercial, Engr. Joseph Aikowe and other top officials of the company, commended the chairmen for visiting and promised to partner with them to ensure stable power in the Local Government Areas.
Hon. Nwanosike stated that the purpose of the visit was to meet with management of PHED with a view to finding lasting solution to a lingering power outage in the entire Ikwerre and Emuoha LGA which was due to vandalised lines along Ahoada-Elele- Emuoha and Isiokpo way.
According to him, his people were no longer happy and comfortable with the prolonged outage, adding that as an elected chairman, he has been vested with the responsibility of bringing development to the people, which could only be achieved through adequate power supply.
He noted that with supply in the locality, many artisans would improve their standard of living.
The local government boss appealed to PHED to rehabilitate the lines in order to make life bearable for the affected communities.
On his part, the Chairman of Emuoha Local Government Area, Chief Tom Aliezi, emphasised the need for the rehabilitation of the network in addition to metering of the transformers which would eliminate contentious estimated billings and customers would be happy to pay for the actual consumption.
Highlighting the issues that have hampered the network, he said they include high spate of vandalism, non-payment of bills, staff harassment and unyielding investments by PHED. The chairmen assured the management of adequate security on PHED installations and protection of her workers while on duty, in addition to facilitating payment of bills by their kingsmen.
“We have taken measures to ensure that no one can destroy or vandalise any PHED facility. It is now a community battle, you can send the team to investigate and currently we are taking list of suspected vandals from the two caught only two days ago.
“Young men and women have been counseled to monitor these facilities. Each CDC is to set up an electricity committee to monitor the smooth running of business between PHED and the community.
“It has become a taboo to harass PHED workers; it is like attacking the community authority. The place is so far secured. “Vandals in our areas are being treated and regarded as kidnappers”, they said.
In his response, the CEO, PHED, Naveen Kapoor, thanked the chairmen for taking the initiative to address the issues in what they call a amature and logical manner depicting quality and responsible leadership”.
A meeting has however been scheduled with the Commissioner of Power, Rivers State, Hon. Shadrach Chukwu to finalise on the issues raised.
The Ahoada-Isiokpo- Emuoha 33kv lines, it would be recalled was vandalised on 28th October 2017 where 34 high tension poles with associated materials were carted away. It was rehabilitated and thereafter, it was again vandalised until it was left to its present situation.
Also, in July 2014, it took millions of naira for PHED to reconstruct the lines it met on ground in 2013. Series of meetings have been held concerning the affected lines with a view to putting an end to the act of vandalism in the area.

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Oil & Energy

Buhari Thumbs Up For NLNG As NNPC Reviews Activities

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The Nigerian National Petroleum Corporation (NNPC) held its head high as it commenced activities for the week following commendation from President Muhammadu Buhari for rallying shareholders to make Nigeria Liquefied Natural Gas Limited (NLNG) a company to reckon with.
Buhari who is also the Minister of Petroleum Resources gave the commendation at the ground breaking of the NLNG Train 7, recently.
He said that the NLNG had always been associated with success and had become a global company.
“The NLNG Train 7 represents another historic milestone in the history of NLNG. NLNG story has been associated with success,” he said.
The president also said that the NLNG had contributed 114billion dollars in taxes to Nigeria, and tthat with NLNG Train 7, there would be more jobs that would touch the lives of everyone particularly the host community.
He expressed joy how the NLNG had transformed from just a project to a very successful company in about 30 years.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, urged all shareholders to work hard to ensure the successful completion of the project which he said would boost government’s efforts to make Nigeria a fully industrialised nation.
Sylva also said the project would help the nation’s gas development aspiration.
NNPC’s Group Managing Director, Mallam Mele Kyari, that there was consensus among shareholders and board members to take the next step towards providing additional capacity which should be greater than what was on ground.
The NNPC GMD thanked President Muhammadu Buhari for his quick intervention which ensured the eradication of all pre-existing stumbling blocks on the path of NLNG Train 7 project
Also in the week under review, Minister of State for Petroleum, Sylva commended President Buhari at a ceremony to mark the execution of Shareholders Agreement between the NNPC, the Nigerian Content Development & Monitoring Board (NCDMB) and Zed Energy.

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Oil & Energy

Total Nigeria Advocates Petroleum Subsidy Removal

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Managing Director Total Nigeria, Plc, Mr Imrane Barry, says removal of petrol subsidy will help government to redirect its earnings to support infrastructure development for economic growth and development.
Barry made this known when he featured on a roundtable on Downstream and midstream at the Nigeria International Petroleum Summit (NIPS) in Abuja.
He spoke on the topic “The down/midstreams: Paths to the future through holistic and integrated solution”.
He said that signing of the Petroleum Industry Bill would help to unbundle the oil and gas industry and encourage development, private investment and create jobs.
“The petrol subsidy regime costs the country approximately 2.6 billion dollars (N1 trillion) per year and the country can no longer afford it.
“The removal of the subsidy will allow government direct more of its earnings towards infrastructure and social development,” he said.
He said that since government had declared decade of gas, there was need for Investment in Natural Gas.
He added that government needed to continue to push policies that would favour private participation and investment in the gas value chain, production, storage and distribution.
“Also, government needs to give incentives for investors in the sector, tax rebates etc to encourage long term participation.
“In the B2C sector, the government should put in  place incentives for customers to switch from white fuels to gas powered machines for road transportation.
“They should continue investment in the nation’s critical infrastructure that aids trade and commerce,’’ he added.
He further called for the fixing of Apapa ports and other ports in Nigeria, development of interstate road network, fixing of rail lines for human and cargo transportation
Commenting on impact of COVID-19 pandemic to global oil market, he said that it made the market volume shrank by 30% while margins became weak(Losses) with aviation sector mostly affected for the following reasons.
He added that the global economy was badly affected generally due to airport closure, drop in international prices of jet fuel platts which , led to a huge loss in aviation business due to contractual agreement with international airlines coupled with large amount of “old stock” in tank.
“PMS is a regulated product, with the price fixed by the government; resulting in fixed margins.
“The devaluation of the Naira from N360 to N380 during the pandemic, coupled with rising inflation in the country further eroded this “fixed margin” for the players in the downstream sector,” he said
He urged government to ensure speedy passage of the PIB to help the sector play its part effectively.

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Oil & Energy

Partners Execute Shareholder Agreement For Brass Products Terminal

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The Nigerian National Petroleum Corporation, (NNPC), along with their partner, the Nigerian Content Development & Monitoring Board, NCDMB, and Zed Energy have executed a shareholders’ agreement for the establishment of a 50 million litre Petroleum Products Terminal in Brass, Bayelsa State.
The N10.5 billion Brass Petroleum Products Terminal project is expected to deliver an automated 50 million litre depot with two-way product jetty, automated loading bay, and 6 automated tanks for storage of 30 million litres of Premium Motor Spirit (PMS)and 20 million litres of Automotive Gas Oil (AGO) and Dual Purpose Kerosene (DPK).
While speaking at the signing ceremony, the Minister of State for Petroleum Resources, Chief Timipre Sylva commended President Muhammadu Buhari for his giant strides in the Niger Delta which is making a huge impact on the people of the area.
“I make bold to say today without any fear of contradiction that no President has impacted the people of the Niger Delta like President Muhammadu Buhari. Aside from what we are witnessing today, remember there is also the Brass Fertilizer & Petrochemical Company, the Oloibiri Oil and Gas Museum and the Oil & Gas Park in Ogbia, all under Mr. President,” the Minister stated.
Sylva added that the establishment of the Terminal further demonstrates Mr. President’s commitment to the enhancement of the livelihood of the Niger Delta people particularly, the riverine communities in Bayelsa State where people purchase products at exorbitant prices due to logistics challenges associated with transporting products to that area.
Speaking shortly after signing the agreement, the Group Managing Director of the NNPC, Mallam Mele Kyari said the Corporation was proud to be part of the project which aside ensuring products availability in all nooks and crannies of the Niger Delta, will also guarantee the nation’s energy security and generate employment.
“This Terminal will create 1,000 direct jobs during the construction phase, and over 5,000 indirect jobs during its operation. Considering the potential for employment when completed, this will definitely reduce youth restiveness in the Niger Delta area and will also address the problem of illegal refining in the area,” Kyari stated.
In his remarks, the Executive Secretary of NCDMB, Simbi Wabote stated that this milestone was as a result of strong interagency collaboration and public-private sector partnership.
“The NCDMB will continue to drive such partnerships across the industry to bring development in Nigeria,” he noted.
Earlier, the Coordinator of the Project and Group General Manager, National Petroleum Investment Management Services (NAPIMS), Mr. Bala Wunti stated that the project would enhance the economics of marine petroleum products distribution.

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