Nigerian Refineries: Challenges and the Privatization Option

Aug 17, 2014

Nigeria’s minister of Petroleum Resources, Diezani Alisson Madueke, while speaking in London, United Kingdom in November 2013, stated that the country’s four refineries owned by the Federal Government will be privatized by the first quarter of this year 2014 to enhance efficiency, ensure maximum output and adequate installed capacity by the new owners. This is…

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The Need For Renewable And Alternative Energy To Ensure Stable Power Supply In Nigeria

Jul 1, 2014

Nigeria’s inability to achieve stable power supply over the last few decades is a stark pointer to the fact that its over-reliance on gas and to a lesser extent, hydro electric power sources alone need to reviewed. Though gas, due to its abundance in Nigeria, appears to be the most cost-efficient and effective means of…

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Upstream Assets Divestment In Nigeria: Update, Outlook And Challenges

Jul 1, 2014

The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, while delivering a keynote address with the theme “Assets Divestment in the Nigerian Oil and Gas Industry: Opportunities and Challenges” at the recently concluded 2014 Offshore Technology Conference (OTC) in Houston, Texas, USA; highlighted that international oil companies (IOCs) in Nigeria are expected to divest over 20…

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Government’s Transformation Agenda: Upstream Petroleum Targets, Achievements, Challenges and Way Forward

Jun 21, 2014

It cannot be overemphasized that oil revenues fund the Nigerian government’s initiatives to diversify the economy and achieve massive enterprise revolution across non-oil sectors. The petroleum sector’s future rests on the ability of the Nigerian oil & gas industry to identify and capitalize on new opportunities that intercepts with government’s plans for accelerated economic and…

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Crude Oil Refining In Africa & The Way Forward

Jun 21, 2014

Most refineries in Africa tend to be medium to large-scale refineries, perhaps because of the state of technology at the time they were built. This article is about presenting a cost- effective and timely option, as represented by the modular refining format.   Review of Crude Oil Refining in Africa: There are a total of…

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Government’s Transformation Agenda: National Assembly And The Passage Of The Nigerian Petroleum Industry Bill (PIB)

Jun 1, 2014

It could be argued that the government’s transformation agenda would succeed only to the extent that the petroleum sector in transformed. The reason is that oil exports and proceeds from domestic sales account for nearly 80% of all federally- generated revenues and 95% of foreign exchange earnings. This statistics demonstrate that Nigeria operate largely a…

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Corporate Social Investment (CSI) and the State of Security in Nigeria

Jun 1, 2014

‘The wider aim of social responsibility is to create higher and higher standards of living, while preserving the profitability of the corporation or the integrity of the institution, for people both within and outside these entities’ (Michael Hopkins, 2011). The state of security in Nigeria today is undeniably precarious; the effects of militancy in the…

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Developing Gas Pipeline Infrastructure In Nigeria: Who Is Responsible?

Jun 1, 2014

Environmental concerns have made the use of natural gas very attractive. Surging electricity demand is also one of the major drivers of increased consumption of natural gas. Globally, energy use for electric power generation is expected to increase more than 25% faster than fuel use of all types over the next 10 years. Even in…

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Incentivizing & Energizing The Construction Of Greenfield Refineries In Nigeria

May 18, 2014

Nigeria has been particularly dependent upon imports for light products (petrol, diesel and dual- purpose kerosene / aviation kerosene), and long on dark products (fuel oils, etc) for nearly two decades. An estimated $12-15 billion per annum is expended on importing light petroleum products at present. Meanwhile, it would cost about $2 billion to construct…

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Marginal Oil Fields Development In Nigeria: Status, Constraints, Prospects & Way Forward

May 18, 2014

The recent announcement of the second licensing round for 31 marginal oil fields by the Petroleum Minister has come 12 years after the previous round in 2001, but it is a welcome development and represents an opportunity to increase indigenous participation in petroleum upstream activities. It is also anticipated that the additional production from these…

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