Connect with us

Oil & Energy

NSCDC Arrests 15 Suspected Oil Thieves

Published

on

L-R: Group Executive Director and Chief Operating Officer Upstream (Nnpc), Alhaji Bello Rabiu Babura, Acting Executive Director Operation, Kaduna Refining and Petrochemical Company (Krpc), Alhaji Shehu Malami: The  Krpc Managing Director,  Alhaji Idi Mukhtar, and the Krpc Manager Public Affair Department, Abdullahi Idris, during the Group Executive Director, and Chief Operating Officer Upstream,(Nnpc) visit to Krpc plants, in Kaduna recently

L-R: Group Executive Director and Chief Operating Officer Upstream (Nnpc), Alhaji Bello Rabiu Babura, Acting Executive Director Operation, Kaduna Refining and Petrochemical Company (Krpc), Alhaji Shehu Malami: The Krpc Managing Director, Alhaji Idi Mukhtar, and the Krpc Manager Public Affair Department, Abdullahi Idris, during the Group Executive Director, and Chief Operating Officer Upstream,(Nnpc) visit to Krpc plants, in Kaduna recently

The Nigerian Security
and Civil Defence Corps (NSCDC) in Cross River, yesterday said that it arrested 15 suspected oil thieves between January and March.
The NSCDC Commandant, Mr Clement Adeuyi, made the disclosure in an interview with newsmen in Calabar.
Adeuyi said the corps also recovered 90 drums of oil from the hoodlums within the first quarter of the year.
He said that the suspects were arrested in different locations across the state.
The commandant said that three of the suspects were arrested by the army and handed over to the corps while 12 were arrested by men of the NSCDC.
“The Cross River Command of the NSCDC has recorded some successes this year. In the last three months, we have arrested 15 suspected oil bunkerers and recovered 90 drums of oil.
“We will continue to work with other security agencies in the state to end oil bunkering, diversion of petroleum products and other crimes,’’ he said.
Adeuyi said that the command was making efforts to ensure that the solid minerals and other natural resources in the state were fully protected.
He said that solid minerals were essential resources of the Federal Government hence the need to protect them.
He said: “one of the core objectives of the corps is the protection of national asset and critical infrastructure.
“We have a formidable team on ground that will ensure the protection of solid minerals across the 18 local government areas of the state.
“We must support the Federal Government’s efforts in diversifying the nation’s economy and exploitation of the solid mineral is part of the diversification.’’
Adeusi appealed to the federal and state governments, corporate organisations and individuals to assist the command by providing it with operational vehicles.
The commandant said that such facilities would help the corps effectively carry out its functions in the state.
“Our major challenge now is operational vehicles. We need operational vehicles to help us protect the solid minerals in the state effectively.

Print Friendly, PDF & Email
Continue Reading

Oil & Energy

Ex-Lawmaker Volunteers For Petroleum Sector Deregulation 

Published

on

An ex-lawmaker, Sen. Ben Murray Bruce, has announced that he is willing to serve as a volunteer in deregulating the country’s petroleum sector.
This follows the ex-lawmaker’s faulting of Nigeria losing over N5trilion annually as a result of fuel subsidy.
Bruce, who represented Bayelsa East Senatorial District in the 8th Senate, on his verified Twitter handle, decried what he described as ignorance and ineptitude of government agencies responsible for fuel subsidy.
“We cannot keep losing five trillion naira annually. I am able and willing, and I volunteer myself to lead the team to deregulate our petroleum sector.
“I will execute this flawlessly such that no Nigerian will be on the street protesting.
“The ineptitude and ignorance of the government agencies responsible for this are mind-boggling,” Bruce tweeted.

Print Friendly, PDF & Email
Continue Reading

Oil & Energy

Stakeholders Urge FG To Shift From Fossil Fuel

Published

on

Stakeholders in the extractive industry have said that as a fossil fuel dependent country, Nigeria must develop its own strategy to engage in shifting global focus away from oil.
This was the conversation at a recent one day capacity building workshop for media and Civil Society Organisations in Nigeria, organised by the Centre for Journalism Innovation and Development, through its Natural Resource and Extractive Programme, in partnership with Natural Resource Governance Institute.
The hybrid workshop, themed, “Oil Dependency in Nigeria: Imagining a Future Beyond Oil”, had over 50 participants, including journalists from the extractive sector, CSOs, and social media influencers in attendance.
The workshop, according to the organisers, was geared towards improving the understanding of oil dependency and the nexus with energy transition to better communicate the impact on Nigeria and the Nigerian economy.
Senior Officer, NRGI, Ms. Tengi George-Ikoli, explained that Nigeria was at a critical point in its development, hence as a fossil fuel-dependent country, it is important that Nigeria develops its own strategy to engage the shifting global focus away from oil.
“Nigeria must develop its own medium to long term strategy to mitigate the likely export and government revenue losses from a shrinking market base as these countries look to reducing oil reliance beyond 2030.
“Nigeria must make strategic decisions in the way it spends its limited revenues, take economic diversification more seriously, leveraging regional and global opportunities beyond oil, and including new frontier possibilities available in the green economy”, she said.
Also, Deputy Director, Development Practice, CJID, Mr. Akintunde Babatunde, said as energy transition persists globally, Nigeria as a monolithic fossil fuel dependent economy has to prepare for what the shift to cleaner energy sources means for its economy.
“Data is pointing us to the fact that Nigeria will likely lose a majority of its foreign exchange earnings and revenues for both the federal and subnational government.
“In fact, it is already happening, because Nigeria is at a critical point in its development process, it is important for professionals to discuss the way forward on how the decisions we make as a country are more important now than ever”, he said.
Earlier, the Acting Executive Director at CJID, Tobi Oluwatola, harped on the need for capacity building for the media and CSOs, noting that they are in the best position to enlighten the public from an informed perspective.
“It is time for Civil Society Organisations, journalists, and policy experts to have this discussion, most especially as Nigeria plans to achieve net zero by 2060. There is a need for CSOs to be empowered with the right skills to be able to do the right advocacy and accountability work in Nigeria”, he stated.

Print Friendly, PDF & Email
Continue Reading

Oil & Energy

Nigeria To Construct Gas Pipeline To Europe Through Morocco

Published

on

Nigeria has given the state-run Nigerian National Petroleum Corporation Limited (NNPC) the greenlight to implement a deal on construction of a gas pipeline to Europe through Morocco.
This follows reports of surging demand for African energy supplies from the EU that is seeking to wean itself of dependence on Russian oil and gas.
“This gas pipeline is to take gas to 15 West African countries and to Europe and through Morocco to Spain and others,” said the Minister of State for Petroleum Resources, Timipre Sylva.
“It is only after the engineering design of the pipeline has been made that we will know exactly (what) the cost of the pipeline will be. When that time comes, we will be talking about funding,” he added.
Nigeria is a member of the Opec group of major oil producers and has huge gas reserves – the largest proven reserves in Africa and the seventh largest globally.
On May 30, Tanzania transported 60,000 tonnes of coal to the Netherlands.
Last month, Botswana’s President, Mokgweetsi Masisi, said European nations had “flooded” his country with requests to supply coal.

Print Friendly, PDF & Email
Continue Reading

Trending