Tuesday, 30 March 2021
DPR promotes 6 deputy directors to fill vacant positions
Monday, 29 March 2021
DPR outlines 5 critical levers for robust gas development in Nigeria
EKEDC bags excellence award at NIEEE conferment
Thursday, 25 March 2021
Total contributed N1.2bn to fight COVID-19 in Nigeria – Official
By Solomon Asowata
Total Exploration and Production Nigeria Limited on Thursday said it contributed N1.2 billion to the Federal Government’s COVID-19 effort to combat the pandemic.
The oil giant said it was also in discussion with the government on the procurement of COVID-19 vaccines for Nigerians.
Mr Alex Aghedo, Executive General Manager, Operations Support Services, Total E&P Nigeria, made the disclosure at a virtual news conference.
He said: “Total and 30 other upstream operators in Nigeria’s Oil and Gas Industry, led by the Nigerian National Petroleum Corporation (NNPC), donated N21 billion to the federal government’s COVID-19 effort.
“In the first phase, the donation covered three thematic areas, namely, provision of medical consumables; deployment of logistics and in patient support services as well as medical infrastructure.
“Total’s contribution was $3.2 million (N1.2 billion). ”
According to him, the company also carried out other interventions including donation of hospital beds, surgical ventilators, dialysis machines and face masks to the Lagos and Rivers State Governments.
Aghedo said : “In collaboration with the Lagos Ministry of Health and our partners, we decided to build and donate a medical oxygen plant at the Gbagada General Hospital.
”We believe that this facility would be useful even beyond the COVID-19 pandemic.
“It would not only help improve the state’s capacity to care for COVID-19 patients but also further strengthen capacity to manage other conditions associated with oxygen deficiency.”
He said the facility was in the last stages of construction and would be handed over to the Lagos State Government very soon. (NAN)
FG targets 2,000 CNG filling stations in 6 months — Rainoil boss
By Solomon Asowata
Mr Gabriel Ogbechie, Group Managing Director, Rainoil Ltd., says the Federal Government is targeting the establishment of 2,000 Compressed Natural Gas (CNG) filling stations in the next six months.
Ogbechie said the move was aimed at providing a cheaper and cleaner alternative for vehicle users as the country moves toward the full deregulation of the downstream petroleum sector.
He spoke on Thursday during a webinar on ” Deregulation and Sustainable National Energy Future through Natural Gas.”
The News Agency of Nigeria (NAN) reports that the webinar was organised by the National Association of Energy Correspondents (NAEC).
Ogbechie said a high delegation of government functionaries recently met with oil marketers to encourage investments on the autogas scheme.
According to him, a N200 billion infrastructure fund has been set up by the Central Bank of Nigeria (CBN) to support autogas facility roll-out by marketers.
He said: “Nigeria requires about $6 billion worth of investment. Marketers can leverage on this opportunity by investing in gas adoption and utilisation.
” Investment can be made in areas such as Liquefied Petroleum Gas (LPG) bulk storage, LPG trucks, LPG filling plants, LPG skids and Gas cylinder manufacturing, Liquefied Natural Gas (LNG) plants.”
The Rainoil boss maintained that the government could not continue to subsidise Premium Motor Spirit, noting that N10.413 trillion was spent on fuel subsidy between 2006 and 2019.
He said the huge funds could be channeled to other critical sectors of the economy such as health care, education and infrastructure development.
Ogbechie expressed optimism that the passage of the Petroleum Industry Bill (PIB) would bring about the deregulation of the downstream sector by law and not by government policy.
“A fully liberalised sector will enable marketers to freely source products and leverage supply chain options. It will create a level playing field and increased competition will improve efficiency and customer-service.
“It will allow for better planning and forecasting by marketers as well as attract more Foreign Direct Investment,” he said. (NAN)