Oil & Energy
Experts Advise On Alternative Financing Of Oil Projects
Experts at the just concluded Nigerian Oil and Gas Conference and Exhibition in Abuja have advised oil companies to ensure judicious use of alternate money applied in financing projects in the sector.
They gave the advice last Wednesday at the panel discussion on the topic: “Maintaining Nigeria’s Position as the Oil and Gas Investment Destination of Choice”.
Executive Director, Total Nigeria Plc, Mr Patrick Olinma said that companies which opted for alternative financing for implementing projects must respect all aspect of the contract.
According to him, whatever project funded through alternative finance must be clearly dictated.
“Alternative financing is not a bad idea but the truth is that there must be respect for contracts you are doing with such money.
“Most important thing is that the projects must not be complicated,” he said.
Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation (NNPC), Mr Bello Rabiu said that alternative financing emerged due to poor funding in the industry.
“It is a temporary measure to get work done but the most important thing is a holistic approach before accessing the fund.
“Also, Chairman and Managing Director, Mobil Producing Nigeria, Mr Paul Garth said government and companies should be careful while going for alternative sources to finance projects.
“You must recognise when to use such funds, be careful while using it, if not you may be mortgaging the future of the company.
“You must go in with clear mind of what you want to do with such funds,” he added.
The Tide reports that the topic for the 2019 Nigerian Oil and Gas Conference and exhibition is “Promoting Investment and Collaboration in the Oil and Gas Sector.”
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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