Petroleum Resources
DPR allays fears of fuel scarcity during easter
File Photo Ahead of the Easter festival coming up by the end of March, the Department of Petroleum Resources (DPR) has reassured Nigerians that there will be no fuel scarcity, urging them to desist from panic buying. It also stated that government has put a formidable policy in place to ensure free flowing supply and distribution of petroleum products during the festivity. Addressing journalists after going round on routine surveillance to monitor and ensure that all retail outlets are complying with the recommended price of between N162 to N165 per litre, the Jos office Operations Controller of DPR, Mr. Stanley Ngene, said: “I can assure you that every necessary precaution is being taken by the government to ensure that we do not go back to the days of fuel scarcity.” Ngene said that the ...
Petrol pump price: DPR monitors Lagos filling stations
The Department of Petroleum Resources (DPR) says it has intensified surveillance of filling stations in Lagos State to ensure compliance with the approved pump price band for Premium Motor Spirit (PMS). Mr Ayorinde Cardoso, Zonal Operations Controller, DPR, Lagos, made this known after an inspection visit to some petrol stations located in Ikoyi, Victoria Island and Lekki areas of the state. Newsmen report that the Federal Government had on March 12 denied the increment of petrol to N212 per litre and had directed marketers to revert to the old price regime. Cardoso said the seven petrol stations inspected were selling fuel to customers between N162 to N165 per litre which was the approved price band. “This surveillance visit is part of our regular function and we are coming out today to c...
PDP advises federal government against increasing pump price of petrol
The Peoples Democratic Party (PDP) on Friday advised the Federal Government against increasing pump price of petrol. The party in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, in Abuja said any contemplation to increase pump price of petrol to N212 would worsen the economic and social situations of Nigerians. This was in reaction to a debunk report that the Petroleum Products Pricing Regulation Agency (PPPRA) on Thursday night released a template that a litre of fuel would now be sold for prices ranging from N209 to N212 per litre for March. Ologbondiyan said that the N212 per liter reportedly contemplated in the March pricing template was not in the best interest of Nigerians. “It is a barefaced fact that there is no way that Nigerians can survive such hike in fue...
Minister: PIB will address production sharing contracts issues on gas
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this known at a National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and Downstream, on Monday, in Abuja. The hearing was on the topic: “Inclusion of Gas Terms in Production Sharing Contracts by the Nigerian National Petroleum Corporation (NNPC).” He said that issues on gas terms was not captured under the PSC especially with the commercial aspect. “Issues on gas terms was not captured in the PSC because at the time, the offshore was just a frontier territory, today, it is no longer frontier, it is a...
Ex-VP Namadi Sambo advocates shift in Nigerian educational system
Reuters Former Vice President Namadi Sambo has advocated for a dynamic approach of the Nigerian educational system to produce employees with skills and ability to handle complex jobs and create opportunities for others. Sambo made the call in his goodwill message at the 22nd Matriculation of Igbinedion University, Okada, on Saturday in Edo. The former vice president noted that it was the best time for the country to refocus from one size-fits-all approach that creates employees that are not fit for complex jobs. According to him, Nigerian universities must refocus on building of graduates that will create and end poverty among the people and ultimately close the wide social inequality and promote social coefficient in the communities. “As a nation, we must focus our educational system to o...
Official: Nigerian government to establish central database for forfeited assets
The Federal Government’s inter-ministerial committee on assets disposal said Tuesday that it would create a central database of assets for finally forfeited assets. The chairman of the committee, Dayo Apata, said this during a courtesy visit of the committee to the headquarters of the Economic and Financial Crimes Commission (EFCC) in Abuja. Mr Apata, who is the Solicitor-General of the Federation and Permanent Secretary, Ministry of Justice, said: “the committee will create a central database of assets that had been forfeited to the Federal Government to ensure the Federal Government gets value for all the forfeited assets”. “Introducing uniform process of assets disposal, and avoiding wastages, so that the Federal Government can have the full benefit of what has been forfeited,” a statem...
DPR to upgrade downstream petroleum sector operations
File Photo The Department of Petroleum Resources, DPR, Tuesday, disclosed that it plans to upgrade operations in the downstream petroleum industry, leveraging on its ongoing automation process. In a statement in Abuja, Director/Chief Executive Officer of the DPR, Engineer Sarki Auwalu, stated that the upgrade would be to global standards and would be driven by its deployment of improved technology. Auwalu, who was speaking at a virtual meeting with members of the Major Oil Marketers Association of Nigeria, MOMAN, in Abuja, noted that the DPR was currently deploying appropriate technology to enhance value for operators and investors alike in the downstream sector . Specifically, Auwalu explained that the DPR had concluded plans to launch the Downstream Remote Monitoring Systems, DRMS, an in...
AKK gas pipeline at 15 percent completion – NNPC chief
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says the construction of Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project is currently at 15 per cent completion. Kyari disclosed this at the inspection of the second leg of the project at Karogo community in Igabi Local Government Area, Kaduna State, on Tuesday. “The project is currently at about 15 per cent completion but what is important for us to know is that we are crossing the river Niger, what we call the Ndoni-Aboh river crossing in Rivers and Delta states that will deliver gas from the eastern part to the country into the western corridor. “That means expanding gas supply into the help line and also making gas ready. We are happy that this project is going on and we will deliver it...
DPR shuts down seven filling stations in Rivers
File Photo The Department of Petroleum Resources (DPR) says it has closed seven Liquefied Petroleum Gas (LPG) retail outlets in Rivers for operating without valid licences. Bassey Nkanga, Zonal Operations Controller of the agency, made the disclosure during a meeting with Petroleum Products Marketers Association and Petrol Tankers Drivers Union (PTD) on Friday in Port Harcourt. Mr. Nkanga said the enforcement of safety requirements/sanction against violators became necessary to support effective regulation in the downstream sector. “We are in a very peculiar season, the harmattan season when fire incidents usually occur at filling stations. This challenge had, in most cases, occurred as a result of avoidable mistakes, hence, the need to step up safety consciousness amongst stakeholders in ...
President Buhari: Improved Nigeria-South Africa relations will quicken African development
President Muhammadu Buhari yesterday expressed optimism that improvement in relations between Nigeria and South Africa would speed up the process of development on the African continent. Speaking in concurrence with the Chairman of the African National Congress (ANC) and South Africa’s Minister of Mineral Resources and Energy, Gwede Mantashe, who came to the State House, Abuja on Friday as Special Envoy of his country, President Buhari cited his last trip to South Africa during which he and President Cyril Ramaphosa worked together in resolving the migrants’ crisis between two brotherly nations. The President in a statement issued by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu said, “There was this ‘small problem’ between our countries. I went there and we resol...
Nigeria most expensive for upstream projects – NNPC chief
The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one of the most expensive countries in the world for petroleum upstream projects. Upstream is refers to points in production that originate early on in the processes of crude oil production. Its activities include exploration, drilling, and extraction. Kyari made this known at the Nigerian Content Tower in Yenagoa, Bayelsa State during a review meeting with the Permanent Secretary, directors and chief executives of agencies in the Petroleum ministry. According to him, “Nigeria is one of the most expensive territories in the world for upstream projection and part of the corporation’s mandate is to reduce cost by at least five percent. “We have reduced costs substantiall...
Nigerian government signs fuel transportation, storage deal with Niger Republic
The Federal Government, yesterday, signed a Memorandum of Understanding, MoU, with the Republic of Niger for the transportation and storage of petroleum products. The post Nigerian government signs fuel transportation, storage deal with Niger Republic appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
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