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Niger Delta stakeholders strategise ahead of formalising modular refineries.

Mar 20 2017
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Niger Delta stakeholders strategise ahead of formalising modular refineries.  Guardian Online

Some Niger Delta stakeholders have commenced the enumeration of artisanal refineries and crude oil distillation camps in the region ahead of Federal Government liberalisation of modular refineries.

 

Vice President Yemi Osinbajo had, on February 14 during the tour of oil communities, announced the policy of deploying modular refineries to drive the economic development of the region.

 

Speaking at a sensitisation event, a social activist, Pat Obiene, explained that it was a ‘preparation’ for Federal Government’s new policy to formalise the registration of artisanal refineries.  Read more

 

Capital Oil Accuses NNPC of Consistent Breach of Contract.  Seeks account reconciliation with corporation. Thisday Online

Capital Oil and Gas Limited has accused the Nigerian National Petroleum Corporation (NNPC) of consistent breach of contractual agreement, saying the allegation by the corporation that it could not access over 100 million litres of petrol stored in the company’s depot was a calculated attempt to stifle and strangulate the private company.

 

The company said in a statement on Sunday that it had earlier reported this act of strangulation to the Senate in a petition against the NNPC, which was read on the floor of the Senate on March 8, 2017, adding that it had also submitted a similar petition against the NNPC to the Economic and Financial Crimes Commission (EFCC), as well as the Department of State Services (DSS).

 

Capital Oil has also called for account reconciliation with the NNPC, stressing that the corporation is indebted to it for services rendered to it at very critical periods to salvage nationwide fuel scarcity since 2015, which amounted to millions of dollars and billions of naira.  Read more

 

 

Last changed: Mar 20 2017 at 2:54 PM

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