Oil & Gas

Niger’s refinery now supplies fuel to Northern states

Oct 28, 2013

The 20,000 barrels per day (bpd) Soraz refinery located in Niger Republic is now a major supplier of petroleum products to some states in northern Nigeria, THISDAY has learnt. Nigeria has four refineries in Warri, Kaduna and Port Harcourt with a combined refining capacity of about 445,000bpd. These refineries however operate below their installed capacities…

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Maritime workers threaten to shut down port operations over unpaid salaries

Oct 28, 2013

Maritime workers have threatened to shut down the nation’s seaports should the management of the Nigeria Ports Authority (NPA) fail to pay nine months arrears of salary owed Tally Clerks and On-board Security by the end of the month. The President General of the Maritime Workers Union of Nigeria (MWUN), Anthony Nted, issued the strike…

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Oil theft: Nigeria to adopt electronic pipeline surveillance

Oct 27, 2013

The Federal Government is exploring the possibility of using electronic pipeline surveillance to track oil theft in the country, President Goodluck Jonathan, said on Saturday. Jonathan gave this indication in his closing remarks at a two-day oil and gas investment forum in Onne, Port Harcourt, Rivers State. Jonathan, who was represented by the Senate President,…

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Tanker explosion kills 6 in Kaduna

Oct 26, 2013

Six persons were killed on Friday night in a fire from a tanker explosion in Maraban Jos, Igabi Local Government Area of Kaduna State. The News Agency of Nigeria, NAN, recalls that FERMA had constructed a trailer park at the Maraban Jos axis of the Kaduna-Zaria expressway to reduce the high rate of fires caused…

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How to ensure aims of CVFF are not defeated

Oct 25, 2013

Industry stakeholders have continued to express concern at the near absence of active indigenous participation in the Nigerian shipping industry, amid legal provisions intended to achieve 100 per cent local content. More so, as the Federal Government continues to delay the disbursement of the Cabotage Vessel Financing Fund (CVFF), designed to empower indigenous shipping operators…

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‘Federal Government’s liquidation of NNSL was hasty’

Oct 25, 2013

Nearly 20 years after the liquidation of the Nigerian National Shipping Line (NNSL), the nation’s defunct national carrier by the Federal Government, a frontline master mariner has faulted that decision, saying it was hasty and ill-advised. The Federal Military Government of late General Sani Abacha had in 1995, announced its decision to liquidate the company,…

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Proliferation of crude loading points cause of oil theft –Expert

Oct 25, 2013

A maritime, oil and gas expert has blamed the worsening spate of oil theft in Nigeria to the proliferation of loading terminals in the country. It has been estimated that Nigeria loses in excess of 100 million barrels of crude oil per day, a development that has constituted a major threat to the national economy.…

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FTZ attracts additional N32bn investment

Oct 25, 2013

The Federal Government yesterday said that Onne Oil and Gas Free Zone has attracted fresh N32 billion investment into the country in the last 10 months. The N32 billion investment when added to the $4 billion capital investment reported in 2012, brings the total investment so far made in the Onne oil and gas free…

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Nigeria loses N930bn to foreign seafarers — NIMASA

Oct 24, 2013

Nigeria’s apex maritime regulator, the Nigeria Maritime Administration and Safety Agency (NIMASA) said itwas time to begin the development of the country’s shipping and maritime human capacity to bridge and save about N930 billion ($6bn), which the country was losing in capital flight to foreign seafarers. NIMASA’s Director-General, Mr Patrick Akpobolokemi, said the Nigerian investors…

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FEC okays N58.88b for ship building, dredging

Oct 24, 2013

The Federal Executive Council (FEC) yesterday approved N58.88 billion for the construction of ship building, dockyard facilities and dredging work, the Minister of Transport, Senator Idris Umar, has said. Umar, who spoke to State House correspondents at the end of the FEC meeting in Abuja, stressed that the ship building facility and dockyard in Delta…

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