Business
Total Suspends Crude Delivery On Export Pipeline

L-R: Governor Adams Oshiomhole of Edo State, representative of Permanent Secretary, Ministry of Labour and Productivity, Dr O.C. Illoh, Zonal Commanding Officer, Abuja and Niger State, Assistant Corps Marshal Jonas Agwu and Deputy Governor of Oyo State, Otunba Moses Adeyemo, during the quadrennial national delegates conference of the National Union of Road Transport Workers (NURTW) in Abuja, on Tuesday.
Nigeria’s crude oil export has suffered a setback as Total E&P Nigeria (TEPNG) has been forced to stop expedition of crude on its Obagi-Rumuekpe 12-inch oil export pipeline in Rivers State.
The stoppage of oil expedition on the pipeline followed what the French oil giant described as an abnormal situation which was experienced during crude oil expedition on August 16, 2015.
The Company’s Deputy General Manager, Media and Public Affairs, Mr. Charles Ogan, said in a statement, recently that during the crude oil expedition operation in August it was observed that the oil expedited from Obagi was not received at Rumuekpe metering station.
“Expedition was immediately stopped and an helicopter over-fight was carried out which revealed oil spill and fresh excavations of the Pipeline Right of Way”, he said.
Ogan stated that the relevant authorities have been informed of the ugly situation.
According to him, in view of the highly volatile nature of the area and the security concerns, the company was working with the security agencies to secure the location and provide safe access for intervention teams.
Ogan could not disclose to The Tide the volume of crude oil affected as according to him, the volume of oil spilled and area of impact have not been estimated by the appropriate agencies.
He, however, assured that updates on the incidence which occurred within Oil Minning Lease (OML) 58 would be provided in due course.
The Tide investigation showed that crude oil production in OML 58, which is located approximately 85 Kilometres North-West of Port Harcourt began in 1966 while gas production started 1999.
Gas is supplied from the facility to Nigeria LNG Plant in Bonny Island, while crude oil is transported to Shell Bonny Export Terminal through Shell Pipelines at Rumuekpe in Emohua Local Government Area of Rivers State.
Total E&P Nigeria operates OML58 with 40 per cent interest alongside the Nigerian National Petroleum Corporation (NNPC) which has 60 per cent.
Chris Oluoh
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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