Rivers
Crude Refining In PH Refinery ’ll Reduce Pump Price –NOGASA
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has said resupmtion of crude oil refining in the Port Harcourt Refinery Company will reduce pump price.
The National President of the association, Mr Benneth Korie, told newsmen in Abuja that the refinery would begin crude oil refining before the end of 2022.
He quoted the Minister of State for Petroleum Resources, Chief Timipre Sylva, as assuring that the PHRC refinery would soon begin crude oil refining.
The Tide’s source reports that the Nigerian National Petroleum Company Limited (NNPC Ltd) commenced the rehabilitation of PHRC refinery in May 2021.
The Federal Eexecutive Council (FEC) had approved $1.5 billion dollars for the rehabilitation exercise which was being executed by Tecnimont SPA, an Italian company, in three phases of 18, 24 and 44 months.
The PHRC operates two refineries; the old refinery with a capacity of 60,000 barrels per stream day (bpsd) and new refinery with an installed capacity of 150,000 bpsd.
This, he said, brings the combined crude processing capacity of the PHRC refineries to 210,000bpsd.
He said with this development, the price of petroleum products would go down, adding that the refinery had been under maintainace and would come up in production once operation began.
“But we have assurances from the Minister of Petroleum Resources that the PHRC refinery will start working this December, definitely between now and end of January 2023.
“After Port Harcourt, other refineries including Warri and Kaduna will come up because work has been seriously going on there.
“Then you will see that prices of petroleum products will go down on its own because there is a difference between importation of products and loading from our refineries,” he said.
He said the refinery, when it become operational, would blend Automative Gas Oil (AGO), Premium Motor Spirit (PMS), DPK, Jet A1 and other products.
The NOGASA President decried delays and cost of distribution of products due to loading from the depot, adding that once the refineries began operation, importation of petroleum would stop and the trucks would loading directly from it.
“Formerly, trucks used to load from refineries but now paid vessels spend between 10 and 14 days to load product from depots as against one day, marketers and transporters are suffering and sacrifice a lot in the bid to distribute products,” he said.
Rivers
UNIPORT Moves To Tackle Insecurity … Inducts Security Experts
The University of Port Harcourt, has taken a significant step towards addressing the issue of insecurity in Nigeria by producing security experts through its Institute of Niger Delta Studies (INDS), with the institute inducting its first graduating students into the Nigerian Institute For Industrial Security (NIIS), with the General Officer Commanding (GOC) of the 6 Division of the Nigerian Army, Major General E E Emekah, delivering a quality lecture on the topic, “Promoting Blue Economy In The Niger Delta: The Place Of Security”.
In his lecture, Major General Emekah emphasised the importance of security in promoting the blue economy in the Niger Delta region.
He noted that the activities of the Joint Tasks Force (JTF) are geared towards maintaining peace on Nigerian waterways and promoting productivity, and also stressed the need for a non-kinetic approach to security operations, winning the hearts and minds of the communities, and collaborating with security personnel to fight insecurity.
The GOC charged the inductees to ensure that their study/training provides practical solutions to the pressing security challenges facing the Niger Delta and Nigeria as a whole.
He emphasised the significance of their studies in UNIPORT, given the prevailing security threat to lives and property, especially on Nigerian waterways.
The Acting Director of INDS, Dr. Chukwu-Okeah, expressed satisfaction that the occasion marks a new milestone in the history of the institute, noting that the Niger Delta has been besieged with environmental and security challenges, and it is time to rise up and build the region through the blue economy ideology.
The blue economy, he explained, emphasises the sustainable use of ocean resources for economic growth, improved livelihoods, and job creation while preserving the health of the ocean ecosystem.
He described the blue economy as the new oil well, with the potential to drive economic diversification, job creation, food security, and climate resilience in the region.
One of the inductees, Ayuba Tanimu noted that security is dynamic, and continuous learning and research have equipped them to serve their communities and Nigeria well.
He described the Nigerian Institute For Industrial Security (NIIS) as a body of security professionals that meets annually to craft security policies for the country.
The programme, which attracted prominent individuals from the academia, security, and other sectors had the 7th Vice Chancellor of the University of Port Harcourt, Prof Joseph Ajienka, as its chairman.
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