Business
Four StatesTo Enjoy Agip’s $50m Community Projects
Community projects in the
Nigerian Agip Oil Company’s (NAOC) operation areas of Imo, Rivers, Delta and Bayelsa states, have been estimated to gulp $50million this year, following the upward review from the previous $30 million.
NAOC General Manager, Giovanni Salvini, dropped the hint last Saturday, at the presentation of the company’s joint venture gas facilities to members of the House of Representative’s House Committee on Gas Resources in Port Harcourt , during their facility visit.
He re-affirmed NAOC’s commitment towards improving the standard of living of the host communities in the four OML concession areas, in spite of the revenue sharing formula of NNPC 60%, Philips 20% and Agip 20%.
Salvani added that NAOC has reduced gas flaring up to 12% this year and intended to reduce it further to 7% by 2013.
The General Manager, however, noted that community and security issues have impeded projects and also affected the progress of work.
The said include, inadequate funding to carry out projects, Power Holding Company of Nigeria (PHCN) high level of indebtedness to the Independent Power Project (IPP) and the unstable grid limiting the output of IPP are issues that must be addressed. Also, facility and oil theft by vandals affects the production capacity and the economy in general, he noted.
In his response, the House Committee Deputy Chairman, Alphonsous Ironna, who represented the chairman, commended NAOC for supporting the federal government in the IPP Gas projects and urged them to step up their concern towards the electrification of the nation.
The lawmaker, advised the company to introduce a high technology device known as HDD to check the criminal acts of vandalization and oil theft, and assured that a bill will be passed to check any vandal who chose to perpetrate the act.
“As part of effort to maintain a peaceful co-existence, NAOC should live up to its social corporate responsibility, consult widely with the community stakeholders, obey MoUs and empower the youths in the area, he said.
Highlight of the visit was the site inspection of the IPP Gas plant at Obrikom in Ogba/Egbema/Ndoni Local Government, Rivers State by the committee members.
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.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime3 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime3 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime3 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime3 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime3 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics3 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports3 days ago
Bournemouth, Newcastle Share Points
-
Sports3 days ago
Iwobi Stars As Fulham Overcome Brentford