Business
Analyst Decries Poor Crude Oil Refining Processes
A public affairs analyst,
Comrade Binoye Sunday has expressed worry that out of the over 13 processes of refining the crude oil abroad, only one product which is the Premium Motor Spirit (PMS), otherwise known as Petrol that is being shipped back into the country.
Sunday, who made this known in an interview with our correspondent in his office in Port Harcourt on Friday said it is disheartening that out of these processes, no one could account for the proceeds or bye-products in the refining of the product after it might gone through the various stages.
He disclosed that some of the processes which include petroleum naphtha, gasoline diesel, fuel, asphait base, heating oil, kerosene Ipg, aviation fuel among others, stressing that with the present administration’s desire to fight corruption, they should unmask those faceless middlemen that took the product abroad for refining without accounting for the afore-mentioned processes which involved huge sums of income to the country.
The analyst opined that the people responsible should be made to explain to Nigerians on the processes for total accountability and transparency, while those found culpable are made to face the full wrath of the law.
Sunday also bemoaned those rich Nigerians who built refineries abroad at the expense of their citizens seeking for job opportunities, pointing out that they should be revealed and their assets seized as they are part of the country’s stolen wealth.
According to him, the increased rate of youth restiveness in Nigeria and Niger Delta was as a result of unemployment, urging the federal government to take proactive action against those economic sabotours, adding that Nigerians should build more refineries in the country to ameliorate the penury of the teeming unemployed population.
“As the Federal Government is busy removing the oil subsidy, they should be busy equally to build refineries so that our crude oil will be refined here in Nigeria, to create employment opportunities for the restive youth and think positively on how to revamp the economy.
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.