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Ivory Coast: Government Connects 1,800 homes in Moronou to Electricity

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Electricity Grid Collapses 27 Times in Three Years

The 1,800 inhabitants of Assikro and Nanan Assouakro in the Moronou region of Ivory Coast have been connected to the national electricity grid.

The work was financed by the Ivorian state to the tune of 267 million CFA francs, or around 421,000 euros.

Also, two localities in the region, namely Assikro in the sub-division of Arrah and Nanan Assouakr in the sub-division of Bongouanou have just been connected to the national electricity grid.

In Assikro, 10 km of medium and low voltage lines have been installed to connect the village’s 1,000 inhabitants. According to reports, at least 55 poles and lampposts have been installed as well as a transformer.

The entire project was financed by the Ivorian government to the tune of 183 million CFA francs (nearly ‘279,000). 

“The electrification of Assikro is part of the government’s social programme, that aims to improve the living conditions of Ivorians. In this village, students will be able to work longer and women will be able to develop income-generating activities thanks to this electricity,” says Abdourahmane Cissé, the Minister of Petroleum, Energy and Renewable Energies.

In the village of Nanan Assouakr, around 800 inhabitants have been connected to the national electricity grid at a cost of more than 84 million CFA francs (more than 128,000 euros).

The electrical powering of the localities of Nanan Assouakr and Assikro was carried out on the 9th and 10th of September 2020 respectively by the President of Ivory Coast Alassane Ouattara.

Other electrification projects underway in Moronou region

In Assikro, the Electricity for All Programme (PEPT), launched in June 2019, in the Indénié-Djuablin region, also enables people to have an electricity meter at 1000 CFA francs (over 1.5 euros) instead of 15,000 CFA francs (nearly 22.9 euros).

The programme, which ends in 2020, should enable nearly 114,000 households to benefit from electricity at a lower cost. It is noted that access to electricity should be improved in the Moronou region in the Centre-East of Ivory Coast

At least six villages in the sub-division of Bongouanou, in the Moronou region will soon be electrified as part of the National Rural Electrification Programme (Proner) launched on June 28, 2019. ‘

It aims at electrifying villages with more than 500 inhabitants by the end of 2020. Currently, 43 localities in Bongouanou have access to electricity, a coverage rate of 86.5%.

By Peace Obi

Chevron Invests $1.45 b in Nigerian Content Development in 2019

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No Oil Spill from Our Funiwa Field – Chevron Says

Chevron Invests $1.45bn in Nigerian content development – Report

Chevron Nigeria Limited (CNL) has disclosed that it invested $1.45 billion in Nigerian Content Development (NCD) in 2019.

The multinational Oil Company made the disclosure in its 2019 Corporate Responsibility Report.

According to the report, Chevron continued to demonstrate its commitment to the implementation of Nigeria’s local content policy, adding that it gave contracting preference to competent Nigerian companies.

The document stated that the company’s policy also promoted technology transfer.

“Our investment in Nigerian content in 2019 was approximately $1.45 billion.

“Of this amount, expenditure on materials and services obtained from local community contractors was approximately $358 million,” the report stated.

It listed projects executed by Chevron Nigeria and its indigenous partners to include Escravos Export System Project and Okan Gas Gathering Compression Platform (GCCP) Debottlenecking project.

Other projects executed by the company were the Meji GCCP Debottlenecking project and Consolidated Maintenance Workshop project.

According to the report, 184 Nigerians benefited from quality training valued at over $5 million in technical and professional skills in 2019.

It said the company, with the support of the Nigerian Content Development Monitoring Board (NCDMB), also trained over 200 community contractors to build local capacity and strengthen indigenous participation in the oil and gas industry.

Commenting on the report, Mr Jeffrey Ewing, Managing Director, Chevron Nigeria, said the company was focused on operational excellence and helping its host communities prosper.

“Our corporate responsibility focus areas are aligned with our business strategy of delivering industry-leading returns while developing high-value resource opportunities.

“We are committed to continually improving the quality of life of the people of Nigeria through our social investments and community engagement activities.

“At Chevron, we strive to build lasting relationships to create prosperity now and for generations to come. This report reflects that commitment,” Ewing said.

By Peace Obi

OPEC Celebrates Six Decades of Commitment, Perseverance and Sacrifice

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Nigeria Restates Commitment to OPEC+ Agreement on Oil Production

Hurray, the Organisation of Petroleum Exporting Countries, OPEC clocks 60! For OPEC it has been six decades of diligent and impactful drive for a stabilized global oil market.

The Organisation’s commitment, perseverance and sacrifice towards a balanced global oil market has earned it a great deal of influence – a strong force to reckon with in deciding global oil price, supply and returns to investors.

OPEC Founded in Baghdad by Five Founder Members

Established on 14 September, 1960 in Baghdad by its five Founder Members – Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, its membership has grown since then to 13 oil producing countries.

Thus, it said that 14th of September 2020 is a very special day for OPEC as the Organisation celebrates its 60th anniversary.

It noted that few would have foreseen six decades ago that the Organization would have risen to the heights it has today in the global energy arena.

Back then in Baghdad, the five Founding Fathers of OPEC, Juan Pablo Pérez Alfonzo of Venezuela; Abdullah al-Tariki of Saudi Arabia; Dr Tala’at al-Shaibani of Iraq; Dr Fuad Rouhani of Iran; and Ahmed Sayed Omar of Kuwait gathered together in the Al-Shaab Hall in Baghdad, to midwife OPEC into the world. 

[Also Read] OPEC Postpones 60th Anniversary Celebrations

Continuing, OPEC said in the context of that time, when the oil industry was dominated by the major oil companies, which was reflected in its structure and behaviour, it was a heroic and pioneering act by the Founder Members to come together in the Iraqi capital.

The seminal ‘Baghdad Conference’, saw these five visionaries from the Founder Member Countries gather together around the premise of cooperation and with the need to write their own story.  Pérez Alfonzo said after the meeting: “We are now united. We are making history.”  It would prove to be a profound statement.

In the 1960s, OPEC established itself with courage, persistence and diligence, through the development of its Statute that remains in place today, registering at the United Nations (UN) Secretariat on 6 November 1962, under UN Resolution No 6363, initiating a number of landmark decisions, such as the ‘Declaratory Statement of Petroleum Policy in Member Countries’ in 1968 and expanding its Membership.

OPEC’s Growth, Influence

Sixty years on, the Organization that is today 13 Member Countries is now an integral part of the international energy community and the multilateral system.  

It is widely consulted on oil industry affairs, remains firmly committed to secure and steady supplies and fair returns to investors. Member Countries run their own domestic oil sectors across the entire value chain, and the Organization has expanded its activities to champion issues affecting mankind as a whole.

[Also Read] OPEC commends Nigeria, others for contributing towards oil market rebalancing

OPEC Secretary General, Barkindo Comments

In reflecting on this, Mohammad Sanusi Barkindo, OPEC Secretary General said: “I often think back to that day in 1960, the mood in Baghdad, how those visionaries envisaged the future of OPEC and the oil industry.

“What is clear is that what was set in motion has stood the test of time; OPEC still has the same core objectives, of order and stability in global oil markets, but its role has also broadened considerably, in terms of deeper cooperation with other producers, dialogue with a host of industry stakeholders, and an embrace of human concerns such as sustainable development, the environment and energy poverty eradication.”

What 60 Years Anniversary Mean to OPEC

The 60th anniversary is a time to reflect and appreciate the efforts of all those who have worked so hard throughout our history to make OPEC the resounding success it has become.

“This includes generations of Heads of State and Government, Ministers, Governors and other high-level experts from outside the Secretariat and, from within the Secretariat, Secretary Generals, Management and Staff of every relevant discipline. 

“They have all enriched the Organisation, through commitment, perseverance and sacrifice, to cope with the many ups and downs experienced by OPEC and its Member Countries.

“It is also an opportunity to, once again, extend the Organization’s gratitude to Austria and the City of Vienna, which have been warm and generous hosts to the Secretariat since OPEC moved to this grand, historic city 55 years ago.

[Also Read] Nigeria @60: Full Text of President Buhari’s Speech

“To further celebrate the 60th anniversary, Iraq, the city of Baghdad and the Al-Shaab Hall plan to hold events, including music and cultural activities, albeit this is dependent on the COVID-19 pandemic.  More details will be provided once available.

OPEC Looks Ahead

“Looking ahead, the Organization stands ready to meet the many challenges we shall face as we enter the next 60 years of our history.

“We remain focused on a balanced and stable oil market, in the interests of both producers and consumers, as most recently exhibited through the Declaration of Cooperation and the historic production adjustments of 2020; further elevating dialogue and cooperation through the Charter of Cooperation; and providing options and solutions to some of the major challenges facing humankind, such as sustainable development and energy poverty alleviation.

By Peace Obi

Get More Oil and Gas Industry News on Orient Energy Review.

OPEC Postpones 60th Anniversary Celebrations

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Organisation of the Petroleum Exporting Countries Read more at: https://www.vanguardngr.com/2021/01/opec-sees-oil-outlook-for-1st-half-of-2021-full-of-downside-risks/

The celebrations of Organization of the Petroleum Exporting Countries’ (OPEC) 60th Anniversary, which were originally scheduled this month in Baghdad where the Organization was founded, have been postponed.

The Organisation is an intergovernmental organization that was established on 14 September 1960 in Baghdad by its five Founder Members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Its membership has grown since then to 13 oil producing countries.

This month, OPEC is also marking the 55th year since the Organisation’s Secretariat moved to the Austrian capital of Vienna.

Few would have foreseen six decades ago that the Organization would have risen to the heights it has today in the global energy arena.

[Also Read] OTC 2021 Postponed to August

Back then in Baghdad, the five Founding Fathers of OPEC, Juan Pablo Pérez Alfonzo of Venezuela; Abdullah al-Tariki of Saudi Arabia; Dr Tala’at al-Shaibani of Iraq; Dr Fuad Rouhani of Iran; and Ahmed Sayed Omar of Kuwait gathered together in the Al-Shaab Hall in Baghdad, to midwife OPEC into the world. 

The celebrations of OPEC’s 60th Anniversary, which were originally scheduled this month in Baghdad where the Organization was founded, have been postponed.

HE Ihsan Abdul Jabbar Ismaael, Iraq’s Oil Minister and Head of its Delegation to OPEC, said in a letter to HE Mohammad Sanusi Barkindo, OPEC Secretary General, that it is “genuinely disappointing not to be able to host the 60th Anniversary” following months of preparations for the historic event.
“The health and safety of all are of utmost importance,” the Minister emphasised.

[Also Read] Oil Falls To $32 As OPEC+ Postpones Meeting

The OPEC Secretary General expressed his sincere gratitude for Iraq’s gracious initiative to host OPEC’s Diamond Anniversary in the Al-Shaab Hall in Bab Al-Muaadham, Baghdad, the site of OPEC’s founding in 1960.

“It is very unfortunate that we are unable to mark OPEC’s Diamond Anniversary in September at the same site where the historic ‘Baghdad Conference’ was held between 10 and 14 September 1960. It was a historic meeting in all senses that saw the common vision and wisdom of our Founder Members and led to the creation of a foresighted organization that grew in stature and influence to become a distinguished entity within the global energy community,” Barkindo said.

[Also Read] INEC postpones Nigeria’s general election to February 23

“Yet we look forward with high anticipation to attend OPEC’s homecoming in the very near future,” he added.

By Peace Obi

Get More Oil and Gas Industry News on Orient Energy Review.

NCDMB, Waltersmith Host Min of Information at Ibigwe Modular Refinery

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NCDMB, Waltersmith Host Min of Information at Ibigwe Modular Refinery

The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Waltersmith Petroleum Oil Limited, will on Tuesday, September 15, 2020, host the Honourable Minister of Information and Culture, Alhalji Lai Mohammed at the Waltersmith Modular Refinery located at Ibigwe, Ohaji-Egbema Local Government Area of Imo State.

The 5000 barrels per day modular refinery is being developed with equity investment by the NCDMB, in line with its vision to catalyse the development of critical oil and gas infrastructure and ensure optimal in-country hydrocarbon utilisation.

The Executive Secretary of NCDMB, Engr Simbi Kesiye Wabote had explained that the importance of the Board’s investment initiative in modular refineries and related oil and gas projects include: increase local refining capacity; create employment opportunities; provide refined petroleum products to consumers within the state and nearby states and curb illegal refining and its environmental incidence.

The Minister and his team are touring notable projects across the country as part of Federal Government’s efforts to spotlight transformational achievements recorded under President Muhammadu Buhari’s administration.

NCDMB’s investment in the Waltersmith modular refinery was executed in June 2018 and actual development started soon after.

The project has progressed significantly and was slated for commissioning in May 2020, before the outbreak of Coronavirus pandemic.

Price of Petrol: Expect Less from In-Country Supply – Sylva

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Nigeria: FG Plans to Up Local Content to 40%, Support Indigenous Oil and Gas Firms More

The coming on stream of the Dangote refinery may not offer Nigerians the much desired relief in the cost of premium motor spirit aka Petrol, Orient Energy Review has gathered.

Speaking on NTA “Good Morning Nigeria” on Monday, the Minister of State for Petroleum Resources, Timipre Sylva, said the pump price of petrol would not drop significantly even if Nigeria is refining crude oil locally.

He said that crude oil remains the major determinant of the cost of petrol, stating that as long as the price is high, the cost of petrol will not drop.

Sylva said the cost of shipping is the only thing that could make local production cheaper since there would not be a need to pay for shipping.

Speaking further, he said that the cost of labour would not be too different from the international price because local refineries would be paying expatriates.

“For now, our supply is coming mostly from imports as we all know.

“And that doesn’t really have an impact on the price as people would think.

“The only difference that will happen if our supply was coming from in-country would have been the freight price.

“But whether it is coming from outside or coming from within, it will be about the same cost because when you import, the only difference is that you will have to pay the freight.

“It is the same cost of crude and whether you are refining or not, you will have to pay the market price for the crude.”

Also speaking, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said that Dangote refinery may not significantly reduce the price of petrol because it will be selling at the international price.

According to Ahmed, this is because the indigenous refinery which is expected to kick off next year, is located at the Export Processing Zone in Lagos State.

She said the difference will be the cost of shipping that Nigerians won’t be paying.

“What we are doing is enabling the petroleum sector to actually grow.

“There have been a number of refineries that have been licensed for several years. None of them was willing to start refining under the regime where fuel was controlled.

“The Dangote refinery is sitting within an Export Processing Zone, so they are insulated from that.

“When we buy fuel from Dangote, we will be buying fuel at the international market price.

“The only savings that we will be making is the savings of freight which is shipping.

“But we will still have landing cost, labour cost and the marketers will still have to put a margin.

“These refineries being those that are supposed to have come to operate can now come in because they are assured that when they produce, they can sell at market rate and recover their investments and make some reasonable profits,” Ahmed said.

She said the deregulation of the sector which led to the increase in petrol price was good for the economy as it would encourage investments in refineries.

“It will mean more refineries will open, they will employ people and fuel will be available in different parts of the country and not just relying on the government refineries.

“Those refineries are old and even if we turn them around, we will not be able to operate them at optimal capacity.

“So, while the NNPC is trying to rehabilitate them, we also need to encourage the private sector refineries to come on stream and even state governments that have the capacity.”

The Dangote refinery is expected to commence operations next year with a capacity of refining 650,000 barrels of crude oil per day.

Other Nigeria Oil and Gas News from Orient Energy Review

Uganda, Total Sign Oil Pipeline Agreement

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Investors Shun Uganda’s Second Oil Licensing Despite Bid Extensions

The government of Uganda and Total Exploration and Production (Africa) have signed the Host Government Agreement (HGA) for the East Africa Crude Oil Pipeline (EACOP) project.

The ceremony which held at the State House Entebbe was presided over by President Museveni and witnessed by the Chairman, Chief Executive Officer of Total, Mr Patrick Pouyanne.

Uganda’s Minister of Energy and Mineral Development, Dr Mary Gorett Kitutu, signed on behalf of her country, while Nicolas Terraz, the Total Exploration and Production President for Africa, signed on behalf of his employer.

The Signing of the HGA by the parties indicates that the oil company and Ugandan government have reached agreement on the commercial framework for the Lake Albert Development Project.

[Also Read] Uganda Receives 7 Bids in Oil Exploration License Round

It also represents a significant progress towards achieving the Final Investment Decision which is expected by the end of this year.

Speaking shortly after the signing ceremony, President Museveni said Uganda is a very peaceful and attractive investment destination.

He said proceeds from oil will be used to further develop the country’s other important sectors like infrastructure, education and health.

“Our oil will be used to develop our infrastructure, and ICT to enhance the durable capacity of our country.

“I am glad that Total and other companies licenced in the country are taking bold steps to quickly commence the production of petroleum,” Museveni said.

[Also Read] Nigerian Companies To Export Services To Uganda

President Museveni reassured Total of the government’s support during their work.

“It has taken long, but it was a deliberate move, I can assure you Ugandans,” said the President, adding that Uganda is a rich country with oil as a small fraction of this natural wealth.

He pointed out that other potential lies in Agriculture, Tourism, Services, and Human Resource among others.

The President promised to get in touch with his Tanzanian counterpart, John Pombe Magufuli, to resolve other pending issues, especially concluding the Host Government Agreement in Tanzania.

“I congratulate Total and our Ugandan team on this milestone. We have been slow but steady and sure,” the President said.

In her comment, Kitutu said once the final investment decision is made by the oil companies, the opportunities for investment in the country will grow exponentially and give a boost to the economy.

[Also Read] Government of Uganda Promotes oil and gas projects at Africa Oil Week 2018

The Minister urged local companies to take advantage of the agreement to tap into opportunities in the oil sector.

The Total CEO, Pouyanne said the signing of the HGA was a great achievement between the Total and the Government of Uganda.

“It was a bumpy road but I am glad we have overcome the challenges. I thank the teams from both sides that have worked tirelessly,” he said.

He commended President Museveni for his leadership and promised that the project would be executed successfully.

Electricity Tariff Increase: Customers Without 12Hrs Supply Exempted – NERC

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Consumers to Get Refund for Meter Payment, NERC Assures

The Nigerian Electricity Regulatory Commission (NERC) at the weekend insisted that Electricity Distribution Companies (DisCos) must not increase tariffs of customers enjoying less than 12 hours of power supply from the new electricity tariff regime.

NERC Commissioner, Legal Licensing and Compliance, Mr Dafe Akpeneye, made the clarification during the regulatory agency’s online town hall meeting with customers on the new electricity tariff regime.

DisCos had on Sept. 1 announced the implementation of new Service Reflective Tariff Plan (SRT) across their franchise areas.

The DisCos said the classes of customers had been categorised into five bands, adding that bands D and E are under the category of those not enjoying 12 hours daily power supply, consequently not affected by the new tariff plan.

Responding to claims by some customers that the DisCos were not adhering to the increment terms, Akpeneye maintained that those below 12 hours supply daily should not experience any increment.

He explained that the hours and bands were decided by the commission after consultations but customers were assigned to the bands by the DisCos.

Akpeneye said, “Anyone who is enjoying less than 12 hours of electricity must not have their tariffs increased.

“Customers who receive electricity service below the band they have been assigned can have the DisCos move them to the actual band of electricity service they receive.

“Unhappy? Contest the band classification you have been assigned.”

He said in order to protect unmetered customers from exploitation by the DisCos, NERC came up with “Parity with Neighbours”.

“This is the principle we are applying with unmetered customers. It basically means as an unmetered customer, you cannot be charged more than your metered neighbour,” the commissioner said.

Akpeneye also disclosed that NERC had mandated all DisCos to invest in infrastructure in order to increase power supply to customers.

By Peace Obi

NNPC Pledges Support for Auto-Gas Deployment Initiatives

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NNPC Sells $120.49m Worth of Crude Oil, Gas in September

The Nigerian National Petroleum Corporation, NNPC, has pledged to support ongoing initiatives by the Ministry of Petroleum Resources to provide alternate energy source to Nigerians through aggressive activation of Compressed Natural Gas, CNG, refill stations for motorists across the country.

The NNPC’s Group Managing Director, Mallam Mele Kyari in a statement on Sunday said that the national oil company had already keyed into the gas penetration agenda as championed by the Minister of State for Petroleum Resources, Chief Timipre Sylva.

Kyari stated that NNPC as an energy company with focus on cleaner and cheaper sources of fuel would continue to work with other stakeholders in the industry to provide viable alternatives to petrol which would ultimately lead to reduction in demand for the product and eventual reduction in price.

[Also Read] Buhari Appoints Thomas John As Alternate Chairman NNPC Board

Reiterating the corporation’s commitment towards openness and greater transparency in its operations, NNPC boss hinted that in the months ahead, NNPC would make public its 2019 Audited Financial Statements as a sequel to the 2018 AFS released in June.

On the status of the nation’s refineries, Kyari noted that the plants were deliberately shut down to allow for a robust diagnosis of the issues which have overtime made it impossible for the facilities to operate up to their name plate capacity.

He explained that shutting the facilities down became inevitable due to difficulties in feeding them with crude oil via the pipelines that have been completely compromised by vandals.

However, he hinted that the corporation was moving rapidly to execute complete rehabilitation of the refineries under an exercise that would guarantee restoration of the facilities to at least 90 per cent capacity utilization. Announcing its autogas initiative, the Federal Government said that some select filling stations across the country will begin to dispense autogas to automobiles before the end of September.

[Also Read] Nigeria NLNG Stakeholders Urged To Generate More Revenue for Country

According to the Federal Ministry of Petroleum Resources, autogas to be dispensed into automobiles and other prime movers include; Liquefied Petroleum Gas, Compressed Natural Gas and Liquefied Natural Gas, depending on the type of vehicle.

It stated that the Committee on National Gas Expansion Programme (NGEP) had been assigned to ensure the effective implementation and take-off of this initiative.

The NGEP was inaugurated in January this year by the Minister of State for Petroleum, Chief Timipre Sylva, in furtherance of the domestic gas expansion programme of the Federal Government.

The NGEP is expected to promote gas as replacement fuel and also save the nation the much-needed foreign exchange expended on imported fuels by providing alternatives to petrol, diesel and kerosene.

[Also Read] Nigeria: From Petrol to Auto-Gas, by Reuben Abati

According to the FG, the selected filling stations across all 36 states and the Federal Capital Territory had been informed, as plans to collocate autogas dispensing facilities at the outlets had reached advanced stages.

“Consequently, plans have reached advanced stage in line with ministerial directive and support for the development of LPG, CNG and LNG collocation in NNPC-owned and operated mega stations in the 36 states and the FCT.

“Under this arrangement, retail outlets will offer a full complement of gas products as transportation fuels in addition to existing white products as cheaper, cleaner and more environmentally friendly alternatives,” it said.

By Peace Obi

Get More Nigeria Oil and Gas Industry News on Orient Energy Review.

After Oil Era: Niger Delta in Danger of Abandonment, NNRC Warns

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After Oil Era: Niger Delta in Danger of Abandonment, NNRC Warns
After Oil Era: Niger Delta in Danger of Abandonment, NNRC Warns

The Nigeria Natural Resource Charter, NNRC has warned that unless issues of environment protection are taken seriously, the Niger Delta might suffer immense negative consequences and abandonment when global attention shifts away from fossil fuel.

The Program Coordinator, NNRC, Ms Tengi George-Ikoli, who made this known during a webinar titled: ‘Nigerian Oil Spill Detection and Response Agency, NOSDRA, Amendment Bill: Reducing environmental degradation through improved oil spill response,’ also disclosed that the Niger Delta region is currently suffering from poor response to oil spill.

George-Ikoli, stated that NOSDRA, the agency set up to address some of the grave consequences of oil exploitation, mandated to respond to oil spills, was currently hampered by an almost debilitating lack of capacity.

However, she explained that the capacity gaps in NOSDRA were not due to a lack of expertise but instead lack of funding and punitive powers.

[Also Read] Bonga oil spill: NOSDRA directs Shell to pay $3.6bn to affected communities

George-Ikoli lamented that oil exploitation had always presented a huge negative impact on the ecosystem of the Niger Delta region, giving rise to intense land degradation, rapid agricultural decline, fisheries depletion, rampant and destructive oil spillages, continuous gas flaring and toxic water contamination among others.

This, she added, had negatively affected the health, environment and livelihoods of the Niger Delta people.

She said, “Oil exploitation is now ongoing in the Lagos-Badagry region and now we have discoveries in the Northern part of Nigeria. All over Nigeria, oil exploitation grows, but we must note that as the benefits grow, the resultant negative externalities grow as well.

“The oil age like the coal age and the stone age will at some point set. States that contributed to the coal age in Nigeria are now left to their devices with the shift to oil.

[Also Read] Oil and gas group harps on need for urgent passage PIGB

“What happens to the Niger Delta region with the shift towards alternative energy sources or to other regions in Nigeria where oil is being exploited? The Niger Delta will be left with its diminished livelihoods, health and environment.

“This is no longer theoretical, as we saw with the COVID-19 health crisis that swept the globe. The Niger Delta concerns were not as high on the priority list. This is the reality that the Niger Delta will face with the zero oil scenario.

“In April 2010, the entire world watched in awe as the 4.9 million barrels of oil spilled into the Gulf of Mexico after an explosion on BP’s Deep-water Horizon drilling rig unfolded.

“The seriousness of the issue was underlined with the numerous visits of the former United States President, Barack Obama and Congressmen to the spill sites.

[Also Read] Nigerians enjoy least benefit from Oil PSC in the World – NNRC

 “In less than two months after the spill, the American government was able to extract a huge sum of $20 billion from the spiller to mitigate the immediate impact of the spill on the environment.

“However, there were spirited efforts to clean the environment and stronger indications that the $20 billion may only be preliminary appeasement. “What would be and what has been the computation of the penalties for similar spills in Nigeria?

“Will NOSDRA be able to address similar large scale spills effectively?” She further called for the speedy passage and assent to the reviewed NOSDRA Amendment bill, stating that the Bill would ensure that NOSDRA was well equipped to tackle all tiers of oil spillages in the Nigerian environment in line with global best practices.

“As we seek to understand the NOSDRA Amendment bill, President’ concerns, the address of those concerns, we will encourage the government to collaboratively resolve any outstanding issues to ensure the interests of the Niger Delta people and all other exploited regions are protected,” George-Ikoli appealed.

[Also Read] Study Says Nigeria Losing $12bn Annually To Oil Theft

Also speaking, Dr Sam Kabari, a Lecturer in Environmental Management and Pollution Control, Nigeria Maritime University, Okerenkoko, Delta State, stated that the country needed a NOSDRA which functions as an environmental regulator in the issuance of guidelines and standards and able to address all manner of spills, noting that at the moment, NOSDRA can only detect oil spills but cannot respond.

He further stated that at present, NOSDRA lacked powers to respond to Tier 3 spills, which is between 250 barrels onshore and 2,500 barrels offshore; was dependent on oil companies for logistics, among others.

Kabari said: “As a nation completely dependent on oil and gas, we need an environmental management umpire. The current regulatory framework restricts NOSDRA from achieving that function.

“The NOSDRA Amendment Bill will empower NOSDRA to respond to all manners of spills within Nigeria. We have to empower NOSDRA now, or live with pollution even after oil.”

By Peace Obi

Get More Nigeria Oil and Gas Industry News on Orient Energy Review.

Why FG Shut Down All Refineries – NNPC

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NOGOF 2021: Kyari Lists Opportunities in Nigerian Oil & Gas, Power Sectors

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the four oil refineries in the country have been shut down in Port Harcourt, Warri and Kaduna.

Kyari said this on Channels Television’s Politics Today programme on Wednesday.

He explained that all four refineries were functioning below capacity and it had thus become necessary to stop them from operating all together.

[Also Read] NNPC Not In Competition With Dangote Refinery – Mele Kyari

Responding to a question, the NNPC boss said, “First, all the four refineries in three locations are shut down and it was a deliberate decision for two reasons. One is that delivery of crude oil to these refineries is completely challenged because the pipeline network has been completely compromised by vandals and all kinds of people that will not allow us to operate these pipelines.

“That means you are not able to deliver crude oil to these refineries effectively to their maximum capacity.

“Secondly, what you call rehabilitation is different from the turn around maintenance. Turnaround is routine which every refinery does but when you talk about rehabilitation, it is that colossal loss of capacity in the refinery and it means you haven’t done the turnaround maintenance properly.

[Also Read] Less Than 40% of Nigeria’s Oil Pipelines Operational – NNPC

“Typically, every refinery is expected to operate at 90 per cent of its installed capacity. With the best of effort, with all the turnaround maintenance that has taken place, it is impossible to run any of the refineries before the shutdown at that level.

“Our estimate was to run it at 60 per cent of capacity but if you do that, all you are doing is value destruction. You will take $100 crude into the refinery and bring out $70 product. It doesn’t make sense.”

The Punch

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Senate President Flags Off NCDMB’s GSM Training for 1,000 Yobe Youths

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NCDMB, Waltersmith Host Min of Information at Ibigwe Modular Refinery

The Senate President, Dr Ahmad Ibrahim Lawan, Thursday opened the training sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) for 1,000 youths from Yobe State on GSM phone repairs, hardware, software, and entrepreneurship development.

The NCDMB said the training is part of the Board’s Youth Empowerment Programme for the North East and is designed to train and empower youths in high impact economic sectors such as ICT, Agriculture and construction.

The training is conducted in partnership with the National Information Technology Agency (NITDA) and the learning centres will be located at the Federal University, Gashua, Yobe State; Federal Polytechnic, Damaturu, Yobe State; Atiku Abubakar College of Legal Studies, Nguru, Yobe State and the Federal College of Education, Potiskum, Yobe State.

The Senate President described the programme as a landmark effort in the Federal Government’s commitment to uplift the wellbeing of youths which constitute key part of the nation’s population.

Lawan noted that GSM devices are growing in sophistication as important communication tools, just as users are multiplying by the day, such that any person that is skilled in repairs will have continuous patronage.

He canvassed for increased budgetary allocation for the youth population and creative engagements to enable them contribute meaningfully to the economy and stay away from crime, which is often the result of idleness.

Lawan also commended the synergy between NCDMB and (NITDA) in jointly organizing the training, assuring that the Senate would continue to provide legislative impetus for collaborations amongst government agencies in the delivery of their mandate.

In his remarks, the Executive Secretary of NCDMB, Engr Simbi Kesiye Wabote explained that the Board is charged with developing local talents, facilities and assets that support the oil and gas operations and its linkage sectors but it had realised that the oil industry is incapable of absorbing all local talents even at peak capacity, hence the conceptualization of strategic youth empowerment programme.

He said the GSM programme would entail classroom phase, software and hardware modules, entrepreneurship development phase where trainees will benefit from starter packs and renting and furnishing of shops for apprenticeship and market linkage opportunities.

The Board would also sponsor mentorship and business development support to facilitate participant’s entry into the business world as SMEs and payment of stipends during the training, apprenticeship and mentorship phases, Wabote stated.

He assured that the model has worked effectively in previous trainings sponsored by the Board.

Speaking on the choice of GSM training for the youths, he said, “since the GSM revolution in 2001, the ICT sector has evolved as a major contributor to employment, wealth creation, technology development and innovation.

“The ICT sector has grown its contribution to the Gross Domestic Product (GDP) from about three percent in 2001 to 11 percent in 2019.”

He also hinted that the event further amplifies Nigerian Content outreach to Nigerians irrespective of state of origin or residence.

He further called on youths from the North East with qualification relevant to the oil and gas industry to register on the Nigerian Oil and Gas Industry Joint Qualification System (NOGICJQS), to stand a chance of being selected for training and employment opportunities.

In his goodwill message at occasion, the Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva stated that the Training and Empowerment programme falls within the Ministry’s priority areas of contributing to President Muhammadu Buhari’s aspiration to free 100 million Nigerians from poverty by 2030.

By Peace Obi

Solar and Wind Reach 67% of New Power Capacity Added Globally in 2019, while Fossil Fuels Slide to 25%

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Solar and Wind Reach 67% of New Power Capacity Added Globally in 2019, while Fossil Fuels Slide to 25%

Photovoltaics by far the world’s leading power-generating technology installed in 2019; 45% of capacity added was solar with one-third of all countries making it their top choice

New York and São Paulo, September 1, 2020 – Photovoltaics (PV) dominated as the main new power-generating technology source added to grids in dozens of countries ranging from Australia, to India, Italy, Namibia, Uruguay and the U.S. in 2019. With a record 118 gigawatts constructed, PV topped all other technologies in new-build terms and was the most popular technology deployed in a third of nations, according to complete and proprietary data compiled by research company BloombergNEF (BNEF).

In all, 81 countries built at least 1 megawatt of solar during the last calendar year and solar accounted for nearly half of all new power generation capacity constructed worldwide.

The findings are highlighted in BNEF’s new Power Transition Trends 2020 report and online tool, which tracks detailed capacity and generation data over the past decade. Both are based on country-level data compiled by BNEF analysts directly from primary country sources, the current through 2019.

The report highlights the enormous strides solar has made in a decade, rising from just 43.7GW of total capacity installed in 2010 to 651GW as of year-end 2019. Solar in 2019 also moved past wind (644GW) to become the fourth-largest source of power on a capacity basis, behind coal (2,089GW), gas (1,812GW), and hydro (1,160GW). There is now more wind and solar capacity online worldwide than total capacity from all technologies, clean or dirty, in the U.S.

“Sharp declines in solar equipment costs, namely the modules that go on rooftops and in fields, have made this technology widely available for homes, businesses and grids,” said Luiza Demôro, BNEF analyst and lead author of the study. “PV is now truly ubiquitous and a worldwide phenomenon.”

On a generation basis, solar’s contributions are considerably smaller due to PV’s lower capacity factors compared to fossil fuels. In 2019, solar accounted for 2.7% of electricity generated worldwide, BNEF found, up from 0.16% a decade ago. Given the inexpensive nature of the technology and the limited penetration on a generation basis, BNEF expects the market to continue to grow, with 140-178GW of new solar to be built in 2022.

The data offer other important insights on how the world is generating electricity. From 2018 to 2019, power produced from coal dropped 3% as plants ran less frequently. This marked the first fall in coal generation since 2014-2015 and while the world has far more coal plants online today than a decade ago, those plants are running less often. The average utilization rate at coal-fired power plants has dropped from 57% in 2010 to 50% in 2019. Still, the 9,200 terawatt-hours (TWh) produced from coal in 2019 was up 17% from 2010.

Global coal capacity surged 32% over the decade to reach 2.1TW in 2019. Over 113GW of net coal retirements in developed nations during the 2010s could not offset the 691GW flood of net new coal in emerging markets. In 2019, the world saw 39GW of net new coal capacity installed, up significantly from 2018 when 19GW of coal was completed.

“Wealthier countries are moving quickly to mothball older, largely inefficient coal plants because they can’t compete with new gas or renewables projects,” said Ethan Zindler, head of Americas at BNEF. “However, in less developed nations, particularly in south and southeast Asia, new, more efficient coal plants continue to come on line – often with financial support from Chinese and Japanese lenders.”

Other findings from the new data include:

  • Wind and solar accounted for over two-thirds of the 265GW of new capacity installed worldwide in 2019, up from less than a quarter of new build in 2010. For the first time, the two technologies also accounted for the majority of new generation recorded in 2019. Including hydropower, renewables made up three-fourths of 2019 commissioned capacity.
  • Wind and solar build were mostly concentrated in wealthier nations during the first half of the 2010s but that has shifted recently. In a group that includes nearly all OECD nations, wind and solar have accounted for the majority of new capacity built each year since 2011. Among a group of non-OECD nations plus Chile, Colombia, Mexico and Turkey, wind and solar have accounted for the majority of annual build each year since 2016.
  • BNEF estimates that the global power sector CO2 emissions slipped 1.5% 2018-2019 as declines in the U.S. and EU more than offset an increase from China, which accounted for 37% of the 2019 total. The U.S. followed with 14% and the EU with 6%.
BNEF Figure 1 Most annual newly installed power generating technology in 2010 vs. 2019 WP

The Power Transition Trends 2020 report and tool are based on data collected individually from 138 nations through 2019. This encompasses every country in the world with over two million inhabitants.

Separately, BNEF has been tracking power production in 25 of the world’s largest developed markets daily in 2020. Based on those preliminary data, BNEF expects total global generation, coal generation, and power sector CO2 emissions to fall further in 2020. Emergency responses to Covid-19 have slowed economies and cut electricity demand in at least 20 major nations vs. business-as-usual scenarios calculated by BNEF.

Source: Bloomberg

FG Secures $6.15bn for Power Infrastructure – Mamman

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Impact of FG’s N1.5tn Intervention in Power Sector Yet Elusive

The Federal Government has secured $6.15 billion for infrastructural development in the power sector, a report says.

The Minister of Power, Engr Sale Mamman, disclosed this in his ‘One Year Anniversary: Key achievements’ report.

He said, “I am glad to state that to date, $6.15 billion have been secured for infrastructural development.

According to Mamman, the total sum was earmarked for the following critical projects: $2.3 billion Siemens, $1.6 billion Transmission Rehabilitation and Expansion Programme, $1.7 billion DISP and $550 million NEP (WB/AFDB).

“With the securing of the $6.150 billion in funding, the Federal Ministry of Power, under the present administration, has commenced the implementation of critical infrastructure that will enable the country to achieve generation, transmission and distribution of 25,000mw of electricity by 2025.

[Also Read] Siemens Electricity Supply Deal: 3,800 Transformers to Be Installed – FG

“We embarked on the biggest infrastructural development along the entire electricity value chain in the history of the Nigerian power sector.

“This development referred as Presidential Power Initiative aims to systematically up-rate end-to-end capacity of the bulk power system from generation to last-mile delivery, thus reducing system constraints, enabling wheeling capacity of power to be sufficient to drive industrial growth in the country as originally envisaged by the Economic Recovery and Growth Plan (2017).

“The initiative is structured into three phases, aimed at increasing power delivered to Nigerians to 7GW in the first phase (Phase 1), 11GW in the second phase (Phase 2), and 25GW in the third phase (Phase 3).

“The proposed Phase 1 projects, which we are about to commence, focuses on quick wins for both TCN and the Discos, with the objective of increasing power delivery to consumers by an additional 2GW, making a total of 7GW.

“The second phase will target the remaining last-mile bottlenecks to enable full use of the existing generation and ‘the last mile’ distribution capacities, bringing the systems operational capacity to 11 GW.

[Also Read] Nigeria has Achieved Daily 18 to 24hr Electricity – Minister

“Phase 3 would involve developing the system up to 25GW capacity in the long term, with appropriate upgrades and expansion in generation, transmission, and distribution.

“To date, we have secured approval for the sum of $1.7 billion and $15.2 million for the Pre-Engineering work. A Special Purpose Vehicle (SPV) called ‘FGN Powerco’ is in the process of being set-up, following Mr President’s approval.

“The SPV will warehouse the project’s contingent liability for accountability. We have also constituted the Nigerian Project Management Office, PMO, with the sole responsibility of providing project management of the project on behalf of the Nigerian Government. Additionally, in a complementary way, we are also implementing the Transmission Enhancement Programme, TEP.

“The Federal Ministry of Power, working with key development partners – World Bank, AfDB and JICA – have raised $1.6 billion for Transmission Rehabilitation and Expansion Programme, TREP, which is on-going, with major projects, including Alaoji-Onitsha, Delta Power Station – Benin and Kaduna – Kano $410 million; $29 million is intended to build a 330kV DC 62km line between Birnin Kebbi and Kamba, Lagos/Ogun Transmission Infrastructure Project (JICA)-$200 million, Abuja Transmission Ring Scheme (AFD)-$170 million and Northern Corridor Transmission Project.” (AFD & EU)-$274 million.”

[Also Read] Dependence on oil doomed our development – Okwuosa

Current generation capacity and serves as the biggest source of base-load power that will improve grid stability. Economically, the project will enable job creation, drive entrepreneurial development, and unleash resource utilisation.

“The project contract was awarded in 2017 at the contract sum of $5.7 billion to the consortium of Chinese companies based on the agreement that the Chinese contractors will facilitate for Nigeria to secure concessionary financing of 85per cent ($4.85 billion) of the project cost from Export-Import Bank of China (China EximBank), while the Federal Government of Nigeria (FGN), will provide the remaining 15per cent ($850 million) consisting of $200 million loans from the Nigeria Sovereign Investment Authority (NSIA) and $650 million from direct FGN funding.

“The Mambilla Hydropower Project has a proposed installed capacity of 3,050mw. The main construction works include the following: Four large dams among which are the Nya Dam, Sumsum Dam, Nghu Dam, and the API Weir, two (2) Number 330KV – Abong powerhouse to Makurdi and 330KV – Abong powerhouse to Jalingo transmission lines with a length of more than 700kms, about 120km Access road network connecting the project site with nearby communities.”

By Peace Obi

Africa’s Energy Transition: Industry Leaders Set to Debate Natural Gas vs Renewable Energy

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Oando to Project Nigerian Gas Potentials as AOW Focuses on Regional Energy Opportunities

Is natural gas or renewable energy the better option for navigating Africa through the energy transition?

A growing population coupled with economic growth and industrialisation mean energy demand on the continent is forecast to grow rapidly in the coming years.

With massive gas projects underway in countries including Egypt and Mozambique, and costs of key renewable technologies falling, policymakers are now faced with a range of options to secure Africa’s energy future.

Senior industry leaders, hand-chosen for the breadth and depth of their expertise on both sides of the argument, will be going head-to-head at AOW Virtual (https://bit.ly/33hfpTf) to debate these points and share their views on the energy transition, both in Africa and globally.

The live audience will be invited to engage with the debaters directly using Q&A and polling technology. Speakers taking to the stage are: Steven Winberg, Assistant Secretary of Fossil Energy, U.S. Department of Energy Omar Mithá, Special Economic Advisor to H.E. Filipe Nyusi, President of Mozambique.

Others include Tony Attah, MD & CEO, Nigeria LNG Andrew M. Herscowitz, Chief Development Officer, International Development Finance Corporation Luc Koechlin, MD, Head of Southern Africa, EDF Liv Hovem, CEO, DNV GL Senior Representative, BP

What is AOW Virtual? Brought to you by Africa Oil Week (AOW), AOW Virtual (7-8 October 2020) is a free to attend online conference aimed at reigniting African oil, gas and energy.

True to AOW’s roots, the conference will be packed full of strategic outlooks, debates, and a much-anticipated government bidding round. It will offer AOW’s global oil and gas audience a platform to discuss insights, challenges and opportunities post COVID-19.

100s of C-level executives from across the value chain are expected to attend, as well as government representatives from countries including Somalia, Namibia, South Africa and the USA. Plus, AOW Virtual is CPD certified, so attending sessions will count towards your continuing professional development. Register now for free (https://bit.ly/33hfpTf).

Peace Obi

How Ghana’s Quest for Power Abundance Turns to Burden as Energy Debts Mount

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How Ghana’s Quest for Power Abundance Turns to Burden as Energy Debts Mount

Ghana’s bid to end its chronic electricity shortage has gone awry as the country can no longer afford the deals it signed with investors, reports have said.

The deals’ terms require the government to pay for electricity generated even if there’s no demand for it.

Of course, this move helped Ghana end its power crisis by 2016, boosting its generation to about 4,600 megawatts, well above national peak demand of 2,700 megawatts.

The Chamber of Independent Power Producers, Distributors and Bulk Consumers disclosed that as at end of the June, Ghana’s indebtedness to the power companies grew to $1.4 billion more than doubling from $600 million in July last year. Adding that members of the chamber may be forced to shut their operations.

“Debt levels could rise even further,” Samantha Singh, a Johannesburg-based Africa strategist at Absa Bank Ltd., said.

“The potential increase in these liabilities could hurt government finances even further in a time it is already strained due to COVID-19.”

President Nana Akufo-Addo when he assumed power in 2017 started the sale of so-called energy bonds on the back of fuel levies to clear the outstanding liabilities.

This helped cut the debt by half by early 2018, but more bonds haven’t been sold because there isn’t enough revenue to support them.

The state-owned Electricity Co. of Ghana Ltd. is reported to have suffered an estimated annual revenue loss of $580 million due mainly to transmission leakages, illegal connections and unpaid bills.

 Plans to tackle the problem by introducing private investors under a U.S.-funded aid program failed to win approval.

The company’s managing director, Kwame Agyeman-Budu, have also refused to comment on the issue.

Much help isn’t coming either from the West African Power Pool project, under which member countries could sell their excess power to neighbors. While Ghana was a net exporter of 967 megawatts of electricity to other countries in 2019, further exchange is hindered until 2023, when current interconnection projects will be completed.

The coronavirus pandemic pushed Ghana further into financial straits. It responded with more than 3 billion cedis ($519 million) in unplanned spending that included providing free electricity and water to citizens, tax waivers and credit to small businesses, a situation that made it difficult to keep up with the debt repayments, according to Finance Minister Ken Ofori-Atta.

“When you have limited resources in a Covid environment you have to be specific about what you are paying and how much you pay. We have tried to keep the lights on for these four years,” Ofori-Atta said.

By Peace Obi with Agency Report

Nigeria to Save ₦1trn Annually from Subsidy Removal – Sylva

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Automobile Owners to Pay N250,000 for Conversion from Fuel to Autogas, FG Says

         …Says subsidy Removal to Create Massive Jobs

The Minister of State for Petroleum Resources, Mr Timipre Sylva has said that the Federal Government’s decision to fully remove subsidy from petrol will earn the country ₦1trn annually and create massive jobs.

Speaking with newsmen on Thursday in Abuja, Sylva said that beginning from October, Nigerians “can now convert cars using petroleum to gas, which will be cheaper’’.

“It is time for Nigerians to face reality and do the right thing. What is deregulation going to do? It is going to free up a lot more money.

“At least from the very beginning, it will save us up to a trillion and more every year.

“Already, we have taken off the budgetary provision for subsidy which is about N500 billion in the budget.

[Also Read] Downstream Deregulation for Growth, Development of Nigeria, Sylva Explains

“Also, we have taken off the excess forex price – the special rate that was given to NNPC which also came at a cost.

“So, all the money that we used to defend the naira at that time to subsidise the dollar will now be freed up for development.

“I believe that this discussion around subsidy has been a vexed issue that has captured the imagination of this country for a long time now,’’ the minister said.

Speaking further, Sylva stated that while successive administrations attempted to deregulate the nation’s downstream sector but that the administrations lacked the political will and at other times, the time was not good for it.

He said, “And why did I say that time was not good for it? Does that imply the time is good for it now? The problem around deregulation is that people must understand first that the product we are talking about is a derivative of crude oil.

“It is refined from crude oil. Therefore, it has a direct relationship with the price of crude oil. If the price of crude oil goes up, then you expect that it would reflect in the price of the derivative.

[Also Read] No More Fuel Subsidy In Nigeria – NNPC GMD

“So, the best time to achieve this we looked at was the time when crude oil prices are low so that Nigerians will get the benefit of those low prices,’’ he said.

Sylva recalled that in March, when the Federal Government announced the deregulation, the prices were low and that advantage was transferred to the consumer.

“So, we brought down the price of petrol. The unfortunate thing is that when we brought down the price of petrol, nobody reacted in the market place. The prices were the same.

“Nobody reduced their prices because price of petrol had reduced. Even bus fares, taxi fares were the same. It did not go down when we reduce the pump price of petrol.

“We thought that those people in the market; the transport drivers and transport owners would reduce their price. But nobody reduced their prices,’’ the minister said.

According to him, anytime there is even a kobo increase in the pump price of product, you see that people will increase their prices triple fold and four fold.

Sylva said that the Federal Government was planning an alternative fuel to give the deregulation a human face.

[Also Read] Deregulation: PPPRA Assures Nigerians of Better Days Ahead

“To give it (deregulation) a human face, we are introducing an alternative fuel. We are giving auto gas. Gas will now become a fuel for our cars. This programme will be rolled out within the next one month.

“So, if you go to a filling station and you convert your car to dual capability or dual fuel, then you drive into a typical filling station, you will find gas LPG, you find CNG and NLG being sold.

“So, if you look at the price of PMS versus the price of gas and you think that gas is cheaper which of course, it is going to be cheaper.

“Gas will even be cheaper that PMS as it is today. So you see that we are also giving an alternative to the ordinary Nigerians,’’ the minister said.

By Peace Obi

More Nigerian Oil and Gas Industry News on Orient Energy Review.

COVID-19: NNPC/Chevron JV Donates PCR Lab Centre to Delta State Govt.

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COVID-19: NNPC/Chevron JV Donates PCR Lab Centre to Delta

           …Also hands over Surgical Theatre/Consulting Rooms

The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) on Tuesday donated a Polymerase Chain Reaction (PCR) laboratory facility to Warri Central Hospital to support the fight against COVID-19 pandemic in Delta State.

The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) on Tuesday donated a Polymerase Chain Reaction (PCR) laboratory facility to Warri Central Hospital to support the fight against COVID-19 pandemic in Delta State.

Also donated along with the machine included test kits, medical consumables, four air conditioners, refrigerators and a 50-KVA soundproof generating set as well as the renovation of the four-bedroom laboratory building provided by the Delta State government.

[Also Read] Nigeria Spends N1.96trn On JV Assets

The Company also handed over a well-equipped Surgical theatre and Consulting rooms complex which it  built and equipped, including a 60kva generator, to the Ekpan General Hospital, Uvwie Local Government Area of Delta State. 

The General Manager, Policy, Government and Public Affairs, Esimaje Brikinn said: These donations are part of the overall contributions of CNL to the fight against COVID-19 and the improvement of Medicare delivery in Delta State.

We are happy that our partnership with Delta State has led to improvements in the people’s quality of life through our investments in Education, Health and Social Infrastructure and the sponsorship of manpower development programs in the health and educational sectors.”

[Also Read] NNPC Cuts JV Oil Assets By 62%

Brikinn thanked the Delta state Government for the continued support for CNL’s  operations in the state.

Also speaking, Dr Mrs F. E. Omoraka, the Director of Health Services/CEO Delta State Hospital Management Board and representative of the Delta State Commissioner for Health at the handover event, lauded NNPC/Chevron JV for living up to its corporate social responsibility.

“We want other oil multinationals to emulate the good gesture of CNL in partnering with the state government to make life meaningful for the people of Delta state,” Omoraka said.

[Also Read] NCDMB Emerges Third Most Transparent, Efficient MDA in Nigeria

She further thanked NNPC/Chevron JV for its earlier gift of an ambulance, a ventilator, test kits, PPEs and medical consumables as well as three buses for contact- tracing activities to the Delta state government.  

By Peace Obi

Get More Nigeria Oil and Gas Industry News on Orient Energy Review.

Deregulation: PPPRA Assures Nigerians of Better Days Ahead

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FG spent N9tm in oil subsidy in 10yrs – PPPRA

The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured Nigerians that the deregulation of the downstream oil sector is in the best interest of the country.

The Executive Secretary of the Agency, Saidu Abubakar, gave the assurance on Tuesday in Abuja, while briefing newsmen on the deregulation of the downstream oil and gas sector.

Abubakar said that the recent increase in the pump price of the Premium Motor Spirit, PMS, hinges on the global market and availability of forex to marketers.

[Also Read] Downstream Deregulation for Growth, Development of Nigeria, Sylva Explains

Represented by Mr Victor Shidok, the General Manager, Administration and Human Relations, Abubakar said many marketers were yet to start importation of products due to non-availability of foreign exchange.

According to him, although the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (PPMC), remained the sole importer of the product, PPPRA will continue to monitor development to check profiteering by marketers.

“The PPPRA as a regulator will continue the role of a watchdog in this deregulation regime. We will continue to maintain our role as a regulator and ensure that Nigerians are not short changed in any way in this process.

“You know how things are globally with the impact of COVID-19 to the global oil market. Accessing forex remains a challenge for marketers.

[Also Read] Deregulation Will Boost Investment in In-Country Refining – Kyari

“We are hopeful that in a few months to come, Nigerians will understand what government is doing to stabilise the downstream sector,’’ he said.

Abubakar said that the agency would continue to monitor the code of conduct that guides operation of marketers in the industry and ensure that it was not violated.

He reiterated that government was no longer in business of fixing the pump price of petrol but would monitor marketers to avoid profiteering.

He hinted that the agency may not be able to provide monthly price band for the product as it contradicts the deregulation policy.

[Also Read] Deregulation Will Make Nigeria Become Refining Hub – MOMAN

“If we give you the price band for this month, it is like price fixing’’ he said, and assured Nigerians that better days were ahead as things would normalise with time.

NAN

More Nigeria Oil and Gas Industry News on Orient Energy Review.

Ashipa Electric to Provide Renewable Energy to Underserved Nigerian Communities

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Pan African Mine Set to Go Solar, Appoints EPC Contractor

US-based energy company, Ashipa Electric has announced plans to inject 5MW of power into underserved communities in Nigeria in the next 18 months.

The company has just been announced as a member of Techstar’s Alabama based EnergyTech Accelerator class of 2020. The startup works to provide sustainable, clean and affordable energy to underserved businesses and communities in Africa, the Caribbeans and the United States.

Ashipa Electric said it will be leveraging the wide network and business mentorship provided by Techstars to tackle some of the most pressing energy issues, not just in Africa, but globally.

The Founder and CEO, Olu Ajala reiterated the significant energy gap in Nigeria and in many vulnerable communities across the world.

The Louisiana State University and Carnegie Mellon University-trained energy professional emphasized that growing up in Nigeria and the US helped shape his outlook towards energy deficit in some parts of the world.

Ajala said he is fully committed to closing the gap in alignment with SDG 7, Sustainable Energy for all.

By Chibisi Ohakah, Abuja