Business
NPDC To Produce 40 Per Cent LPG

The Nigerian Petroleum Development Company Limited (NPDC) will be producing 40 per cent of the nation’s Liquefied Petroleum Gas (LPG), also known as cooking gas, before the end of the year.
The Nigerian National Petroleum Corporation (NNPC) disclosed this in a statement by its Group General Manager, Public Affairs Division, Mr Ndu Ughamadu, in Abuja, last Thursday.
The statement said that the NPDC was set to unveil the largest LPG and Propane Storage and Dispensing Facility in Oredo, Benin City.
It said it was part of concerted efforts to fast track the consumption of LPG in the country.
Also in the statement, the Managing Director of NPDC, Mr Yusuf Matashi, said the inauguration of the gas bay would be a huge revenue stream for the Federal Government.
According to him, the facility, which is an extension of the Integrated Gas Handling Facility (IGHF) plant, had the capacity to dispense 330 tonnes of LPG and 300 tonnes of Propane daily.
He added that it would also dispense 100 million standard cubic feet of gas per day (MMscfg/d) and 260 barrels per day Condensate from the IGHF plant.
He said that the facility was centrally positioned to supply LPG to Lagos, the South-South; South-East and to the North in order to grow its consumption across the country.
Matashi noted that currently NPDC was the largest supplier of gas to the domestic market with about 90 per cent of gas supply targeted at power generation to drive the nation’s economy.
“We are paying greater focus on our 100 per cent assets production. NPDC assets will deliver a lot in terms of meeting its (crude oil and gas) volume targets.
“We currently contribute 10 per cent to daily national production and by end of 2019, the company is looking at 15 per cent contribution to daily national production.
“NPDC’s production outlook for 2019/2020 was on the bright side, the company is aggressively pursuing its drilling and field development programmes as approved by the management of NNPC,” he said.
He revealed that the company had oil reserve base of 3.6 billion barrels and gas reserve of 15 trillion cubic feet from its involvement in 29 concessions- 22 Oil Mining Leases (OMLs) and 7 Oil Prospecting Licenses (OPLs).
He explained that the flagship Upstream subsidiary of NNPC would continue to lead exploration and production company of choice going forward.
Matashi said that NPDC maintained cordial relations with regulatory agencies, such as the Department of Petroleum Resources (DPR), adding that the company had maintained its remittance of royalties and Petroleum Profit Tax to the Federal Inland Revenue Service (FIRS).
He said that NPDC and its various host communities were living in peace due to the company’s commitment to sustainable community development policy.
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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