Oil & Energy
NNPC Retail Ltd Commits To OTL Conference, 2023
The Managing Director, Nigerian National Petroleum Corporation Retail Ltd. (NRL), Mr Huub Stokman, has restated the company’s commitment to the Oil Trading and Logistics (OTL) Conference, 2023.
Stockman said this when the OTL Advisory Board paid him a courtesy visit recently in Lagos.
Stockman noted that the commitment was as a result of its continued faith in the Nigerian downstream energy sector.
The Tide source reports that the Oil Trading and Logistics Conference 2023, is a week long event which would feature notable presentations, exhibitions, panel discussions, stakeholders engagement sessions and networking sessions with downstream industry bigwigs.
Stokman said in spite of the challenges that the industry currently face, the future of the sector was still promising.
“As the dynamics of the downstream market keeps changing, it is worthy of note to improve on the programmes for the event with the goal of ramping up the solutions for a more robust downstream secto”, he said.
Stokman added that as customer engagement lies at the heart of productivity for the downstream sector, the OTL team should look towards providing solutions which focus on delivering value to the customers.
“First, in the downstream business is our customers. We need to do some research on the voice of the customer. I have done it in other countries.
“We interviewed the customers in our market research. We have to know what the consumers want.
“We should look to the past to find out that whatever is discussed is fresh and adds to what has been discussed last year. We can also bring in solutions from what happens in other countries, talk about it and get stakeholders to engage”, he said.
On his part, the Executive Vice Chairman, OTL Downstream Week, Dr Emeka Akabogu, thanked the NRL boss for setting the pace for the Nigerian petroleum downstream industry through his company’s support for the event last year and its commitment towards the 2023 conference.
Also, Chairman of OTL Advisory Board, Mr Tunji Oyebanji, said that the plan was to make the conference wider in outreach and participation across the downstream.
“This is so that whatever initiatives talked about, policy advocacy can be embraced by the whole industry for much participation across board and not just major players in the industry”, he said.
Oyebanji sought their continued support in trying to make this year’s conference a more successful outing than the last year.
The meeting ended with Akabogu presenting a copy of the picture story of OTL Conference 2022 to the NRL boss.
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Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
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