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Port Harcourt Refinery  Commences Production  After Yuletide-Lokobiri

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By David Torough with Agency Report

Federal Government has announced the mechanical completion and flare start off of the Port Harcourt Refining Company Limited (PHRC).

Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil) disclosed this on Thursday in Port Harcourt during a media tour on the refinery, which rehabilitation commenced in 2021.

On the tour were the Minister of State Petroleum Resources (Gas) Ekperikpe Ekpo; Nigerian National Petroleum Company Limited (NNPC Ltd.

) Board Chairman, Chief Pius Akinyelure; Group Chief Executive Officer, NNPC Ltd., Malam Mele Kyari and other dignitaries.

The Managing Director of the PHRC, Ibrahim Onoja, was also on the tour.

“Just to announce to Nigerians the fulfillment of our pledge to bring on stream phase one of the Port Hacourt Refinery by the end of 2023 and the subsequent streaming of phase two in 2024.

“We happily announce the mechanical completion and the flare start-off on Dec. 20, 2023.

“This heralds the commencement of the production of petroleum products after the  Christmas break,” Lokpobiri said.

The minister thanked Nigerians for their patience and the trust on the NNPC Ltd. to deliver on its promise and the mandate of the refinery’s rehabilitation.

According to him, it is another landmark of the Renewed Hope Agenda of President Bola Tinubu’s administration.

Akinyelure, who expressed satisfaction over the new development, said it was a promise made to President Bola Tinubu that the refinery would begin operation in 2023.

The NNPC Ltd. board chairman who recalled that the refinery had undergone several rehabilitation, said that its commencement of operations would keep fuel cost stable.

The PHRC comprised of two refining units with the old plant having a refining capacity of 60,000 barrels per day (bpd) and the new plant 150,000 bpd, both summing up to 210,000 bpd.

The refinery was shut down in March 2019 for the first phase of repair works after the government secured the services of Italy’s Maire Tecnimont to handle the scoping of the refinery complex with oil major Eni appointed technical adviser.

In 2021, NNPC Ltd. said repairs had started after the Federal Executive Council approved $1.5bn for the project.

The refinery had over the years performed below optimal levels which resulted in importation of petroleum products for domestic use for many years to cover for the gap in the refinery’s output.

Dangote Refinery Takes Second Delivery of Crude Oil

In a related development, Dangote Refinery has made a further move towards the commencement of production of refined petroleum products with the receipt of an additional one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL).

The fresh one million barrels of crude from the Shell terminal via the MT Otis owned by Trafigural is the second consignment to be delivered to the Dangote facility out of the six million barrels of crude being expected by the world’s largest single-train refinery.

About a week ago Dangote Refinery received one million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO), one of the largest trading companies in Nigeria as well as globally, trading over 8 million barrels of crude oil per day.

Managing Director of Dangote Ports Operations, Mr. Akin Omole told newsmen at the Dangote Quay, Ibeju-Lekki, Lagos that the Refinery is expecting more crudes before the end of this year to put the Refinery in good stead to commence operation.

The one million barrels represent the second phase of the 6 million barrels of crude oil to be supplied to Dangote Petroleum Refinery by a range of suppliers for the production of petroleum products.

Once the 6 million barrels are fully delivered, it will facilitate the initial run of the refinery as well as kick-start the production of diesel, aviation fuel, and LPG before subsequently progressing to the production of Premium Motor Spirit (PMS).

This latest development will play a pivotal role in alleviating the fuel supply challenges faced by Nigeria as well as the West African countries.

Designed for 100% Nigerian crude with the flexibility to process other crudes, the 650,000 barrels per day Dangote Petroleum Refinery can process most African crude grades as well as Middle Eastern Arab Light and even US Light tight oil as well as crude from other countries.

Dangote Petroleum Refinery can meet 100% of Nigeria’s requirement of all refined products, gasoline, diesel, kerosene, and aviation jet, and also have surplus of each of these products for export.

The refinery was built to take crude through its two SPMs located 25 kilometres from the shore and to discharge petroleum products through three separate SPMs. In addition, the refinery has the capacity to load 2,900 trucks a day at its truck loading gantries.

Dangote Refinery has a self-sufficient marine facility with the ability to handle the largest vessel globally available. In addition, all products from the refinery will conform to Euro V specifications.

The refinery is designed to comply with US EPA, European emission norms, and Department of Petroleum Resources (DPR) emission/effluent norms as well as African Refiners and Distribution Association (ARDA) standards.

While receiving the first consignment, President of Dangote Group, Mr. Aliko Dangote had stated: “We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects. Our focus over the coming months is to ramp up the refinery to its full capacity. I look forward to the next significant milestone when we deliver the first batch of products to the Nigerian market.”

Also the Country Chairman of Shell Companies in Nigeria, Mr. Osagie Okunbor had said: “We welcome the startup of a refinery that is designed to produce gasoline, diesel, and low-sulphur fuels for Nigeria and across West Africa and are happy to be enabling it.”

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Edo Guber Poll: Obaseki Declares Work-free Day

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All is now set for the Edo State gubernatorial election tomorrow. The off-cycle election will take place across all the local government areas. There are 17 political parties on the ballot.

The people of Edo State will decide on the ballot who will be Governor Godwin Obaseki’s successor.

The winner of the election replaces Obaseki in the Dennis Osadebe House on Nov.
11.

The Independent National Electoral Commission (INEC) has said it is set for the election.

According to the electoral umpire, 2,249,780 registered voters, representing 85.57 percent of the 2,629,025 total registered voters have collected their Permanent Voter Cards (PVCs) across 4,519 polling units in the state’s 18 local government areas.

Out of the 17 candidates in the race, three are in focus: Asuerinme Ighodalo of the Peoples Democratic Party (PDP), Monday Okpebholo of the All Progressives Congress (APC) and Olumide Akpata of the Labour Party.

Ighodalo is a 64-year-old economist, lawyer, and politician from Okaigben, Ewohimi, in Esan South East local government. He is former chairman of Sterling Bank. He served on the economic teams of both former Governor Adams Oshiomhole and the outgoing governor, Obaseki.

Okpebholo is a 54-year-old businessman and politician from the Udomi-Uwessan community in Irrua. He has a background in Business Administration and a Master’s in Policy and Leadership Studies.

Akpata is a 51-year-old lawyer from Edo South Senatorial District. As the first non-Senior Advocate of Nigeria (SAN) in 28 years to be elected president of the Nigerian Bar Association (NBA), Akpata offers an alternative to the APC and PDP political dominance.

One thing that has trailed preparations for the election is fear of security breaches.

Last week, the Inspector General of Police, Kayode Egbetokun announced the deployment of 35,000 police personnel to the state for the election.

However, major political parties and actors in the election have been engaging in inflammatory rhetoric, with the PDP refusing to sign the peace accord initiated by the National Peace Committee (NPC).

Yesterday, a civil society organisation called YIAGA Africa identified eight local government areas that could potentially become hotspots during the election.

The local government areas are Ikpoba/Okha, Oredo, Egor, Ovia South West, Ovia North East, Esan South East, Etsako West, and Etsako East.

The civil society warned of a high likelihood that politicians might resort to violence to manipulate the election.

Yesterday, Edo State Government declared today work-free to enable workers and electorate travel to their voting areas ahead of the election.

A statement by Joseph Eboigbe, Secretary to the Edo State Government (SSG), reassured that security measures had been provided to ensure a free, fair, and credible election.

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SEC to Encourage Listing of Govt Agencies – DG

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By Tony Obiechina, Abuja

Securities and Exchange Commission (SEC) has emphasized that it is willing to encourage state owned enterprises to list on the Nigerian Exchange in line with the Renewed Hope Agenda of President Bola Tinubu.

Disclosing this in an interview in Abuja yesterday, the Director General of SEC, Dr.

Emomotimi Agama said listing their securities would lead to democratization of their operations, inclusiveness and wealth creation for Nigerians.

He said, “Inclusivity is very critical because in inclusivity, you have ownership. And so we all build our industries and the country together.

“For us at SEC, we would provide incentives that will encourage as much as possible, these state owned enterprises to list.

“You know that beside the incentives, one of the things that we at the SEC will continue to do is to educate those that are managing these institutions, to get them to understand that listing of those institutions does not remove power from them. It rather provides bigger power, because united we stand, divided we fall.”

Agama said the commission will continue to provide education, provide incentives and most importantly, make sure that time to market is reduced adding, “providing that certainty, getting them the assurance, knowing fully well that when you want to come to the market, when you decide to come to the market, you are able to follow a calendar, and that calendar is supported by the SEC.”

The DG disclosed that the SEC is also working towards inclusion via technology adding that the use of technology will make the capital market more attractive especially to the younger generation.

“That is why we encourage apps, we encourage FinTech tools, and that is why we supported the launch of the e-offering platform at the Nigerian exchange.

“And we encourage every other one who wants to participate and is qualified to participate in this process, to turn around the way people see investing.

“We want investors to have a beautiful experience. We want them to feel at ease, to make it so easy for them that each time they feel like investing, it brings happiness to them, and we will continue to do that through encouragement of technology, through education and everything that we need to do, incentivizing industries and making sure that bottlenecks are removed and the process of rejuvenating The Nigerian capital market,” he added.

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After Five Months Bello, EFCC Standoff Turns Theatric

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Kogi- tate Governor-Yahaya Bello
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From Joseph Amedu, Lokoja

Former Governor of Kogi State Yahaya Bello yesterday honoured the invitation of the Economic and Financial Crimes Commission (EFCC).

A statement from Bello’s Media Office signed by Michael Ohiare said that the decision was made after due consultations with his family, legal team and political allies.

The statement read, “The former governor, who has great respect for the rule of law and constituted authority, had all the while only sought the enforcement of his fundamental rights in order to ensure due process.

“The case has been before a competent court and Alhaji Yahaya Bello had been duly represented by his legal team at every hearing.

“It is important for the former governor to now honour the invitation of the EFCC to clear his name as he has nothing to hide and nothing to fear.

“The former governor believes firmly in the efforts of the administration of President Bola Tinubu to place Nigeria on the path of sustainable economic development and support the fight against corruption in the country.

“It is on record that he was the first Governor of Kogi State to put in place an anti-corruption mechanism to check graft and ensure that the resources of the state work for the people of the state.

“He was accompanied to the EFCC Headquarters by high profile Nigerians.

“It is our hope that the commission will be as professional as necessary and respect his fundamental rights as a citizen of the Federal Republic of Nigeria.

“Details of his engagement with the operatives of the anti-graft agency will be disclosed later.”

However, EFCC denied that the former governor was in its custody.

The commission, in a statement by its spokesperson, Dele Oyewale said that Bello remained wanted with a subsisting warrant of arrest.

He said, “Media reports today that a former Governor of Kogi State, Mr. Yahaya Bello is in the holding facility of the Economic and Financial Crimes Commission, EFCC is incorrect.

“The commission wishes to state that Bello is not in its custody.

“Bello, already declared wanted by the commission for alleged N80.2 billion money laundering charges, remains wanted with a subsisting warrant for his arrest.”

Bello was declared wanted after the incumbent governor of Kogi State, Usman Ododo helped the embattled former governor to escape arrest in April.

Ododo’s arrival with heavy security at the residence of the ex-governor in Wuse, Abuja prevented the EFCC men from effecting his arrest.

Ododo’s entourage drove out with Bello in the governor’s car.

Since then, it was said have holed up in the Kogi State Government House, Lokoja.

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