Oil & Energy
Stakeholders Want NNPC To Resuscitate PH, Kaduna Refineries
Some stakeholders in the oil and gas sector have urged the federal government to give priority attention to the planned resuscitation of the nation’s ailing refineries for full production in 2022.
The stakeholders expressed their news in separate interviews with The Tide recently, wile reacting to the announcement by the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mallam Mele Kyari, that the Port Harcourt and Kaduna refineries would be fully operational in 2022.
Former chairman of the National union of Petroleum and Natural Gas Workers (NUPENG), Port Harcourt Refinery branch, Comrade Alex Agworwor said the government should fulfil the promise and not politcise the state of the refineries.
Comrade Agworwor said the poor operational standards of the existing refineries in the country had made Nigeria to depend on the importation of refined products.
“Nigeria is estimated to hold approximately 37 billion barrels of proven oil reserve which is the second biggest in Africa. The country, however, imports majority of its domestic refined products due to lack of domestic refining capacity, this doesn’t create a good and promising picture of the country as a major oil producing nation.
The federal government through its relevant agencies should ensure that our refineries are functional, while the building of new ones should be considered, “ he said.
In his own views, the Chairman of the Port Harcourt branch of the Independent Petroleum Marketers Association of Nigeria, (IPMAN), Comrade Emmanuel Inimgba, also called on the federal government to speed up the revamping of the existing refineries in the country and build new ones to enhance the capacity utilisation and also address the deficits recorded as a result of the poor state of the refineries.
“Despite Nigeria’s huge potentials in the oil and gas sector, the country still depends heavily on the importation of refined products for domestic consumption. The federal government must make concrete efforts to boost the capacity of our refineries to meet up the needs of Nigerians and cut fuel importation. This will also help us the independent marketers to have a liverage to perform effectively,” he said.
Oil & Energy
AEDC Confirms Workforce Shake-up …..Says It’ll Ensure Better Service Delivery
As part of the restructuring, the company said it had promoted high-performing employees, released retiring staff, and disengaged others whose performance fell below expected standards.
It added that it has also begun implementing a comprehensive employee development and customer management plan to strengthen its service delivery framework.
“In line with its corporate transformation strategy, Abuja Electricity Distribution Company has announced a restructuring exercise aimed at delivering improved services to its customers as well as enhanced operational efficiency and excellence.
“The restructuring is in line with our strategic direction to become a more responsive and efficient organisation, capable of delivering world-class service to our customers.
“As part of the transformation, the Company has promoted high-performing staff, released retiring employees and those performing below par, and has put in motion the implementation of a robust employee development and customer management plan aimed at driving AEDC’s customer-centric focus,” the company said.
AEDC noted that the reforms are part of its broader commitment to provide reliable, safe, and sustainable electricity to customers across its franchise areas, including the Federal Capital Territory and the states of Niger, Kogi, and Nasarawa.
The firm further pledged to continue investing in infrastructure upgrades, digital technologies, and operational innovations to improve service reliability and customer satisfaction.
“With a strong commitment to delighting its customers, AEDC continues to contribute to the growth and development of Nigeria’s energy sector through investments in infrastructure, innovative technologies, and sustainable practices.
“AEDC consistently seeks to improve the quality of life for its customers, promote efficient energy usage, and actively engage with its communities,” the statement added.
Oil & Energy
Economic Prosperity: OPEC Sues For Increase In Local Crude Oil Refining
Oil & Energy
Senate Seeks Mandate To Track, Trace, Recover Stolen Crude Oil Proceeds
Nwoko who is also the Senator representing Delta North Senatorial District, said that forensic reviews show over S22b, S81b and S200b remained unaccounted for across different audit periods.
“I remain committed, alongside my colleagues, to ensuring accountability, recovery, and reform within the oil and gas sector.
Nwoko stated that the Committee had earlier presented its interim report before the senate saying “Our investigation has so far uncovered massive revenue losses amounting to over $300 billion in unaccounted crude oil proceeds over the years.
“This represents one of the most troubling cases of economic sabotage our nation has ever faced.
“We have made far-reaching recommendations to end this long-standing menace.
“There is need for strict enforcement of international crude oil measurement standards at all production and export points.
He urged the federal government to mandate the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to deploy modern, tamper-proof measuring technology or return this function to the Department of Weights and Measures under the Ministry of Industry, Trade, and Investment.
The senator called for the deployment of advanced surveillance systems, including drones, to assist security agencies in combating oil theft.
He also called for the creation of a Special Court for Crude Oil Theft to ensure swift prosecution of offenders and their collaborators, saying it would also go a long way in tackling the challenge.
“We must also ensure the full implementation of the Host Communities Development Trust Fund under the Petroleum Industry Act (PIA) to empower local communities and reduce sabotage.
“Ceding abandoned oil wells to the NUPRC for allocation to modular refineries to support local production and job creation is also very vital in fighting the menace of oil theft and sabotage,” Nwoko further said.
