Business
FG Approves 36 Firms For Oil Lifting
The Federal govern
ment has released a provisional list of 36 companies that are eligible to lift crude oil through the Nigerian National Petroleum Corporation (NNPC) beginning from June 1, 2014 to May 31, 2015.
The Tide source revealed that the list was not final as more companies were expected to make the final one.
The Tide further gathered that the list gave preference to indigenous companies as against foreign companies as was the practices in the past and there was also expectation that the final list may contain move local names.
Our source gathered that the companies that were given contracts include 21 indigenous companies, eight international trading companies two foreign refineries, two subsidiaries, the NNPC and three countries to be represented by their state’s owned National Oil Companies (NOCS).
According to the document, 21 indigenous companies were awarded contract to lift a total of 630,000 barrels per day of crude oil for one year, which represents 57 per cent of the 1,179,000 barrels per day contracted to eight beneficiaries.
Indicated on the list also was eight international oil traders which got an allocation of 240,000 barrels per day which represents 20.5 per cent while two foreign refineries got 60,000 barrels per day or 5.1 per cent of the allocation.
A breakdown of the allocation indicated that all of the 21 indigenous traders was given an allocation of 30,000 barrels per day.
Some of the companies, according to the document, include, A-Z Petroleum Products Limited, Hyde Energy Nigeria Limited, DK Global Energy Resources, Alateo Energy Resources, Avidor Oil and Gas Company Limited, Azenith Energy Resources Limited, Barbados Oil and Gas Services Limited, Century Energy Services Limited and Crudex International Limited.
Others include, Elena Plc, Bono Energy, Televeras Limited, Mezcor SA, Sahara Energy, Resources Limited, Tridax Energy SA, Tempo Energy SA.
The nest are Ontario Trading SA, Voyage Oil and Gas Limited, Elektron Petroleum Energy and Mining Limited, Ibeto Petrochemical Industries Limited and Emo Oil and Petrochemical company, among others.
Also in the list are eight international oil traders which got an allocation of 30,000 barrels per day of crude oil each.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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