Views: Visits 6 …Asks FG to create platform to engage illegal refiners By Chris Ochayi The Federal Government has been asked to create a platform with which to engage with the mini, illegal, refiners with a view to mainstreaming them into the formal processes of crude oil refining sector of the economy. This development was part of the resolution of national summit on the integration of mini/modular refinery operations into the in-country oil refining programme of the oil and gas sector recently held in Abuja. The summit declared open by the Vice President, Prof. Yemi Osinbajo, also was attended by the Hon. Minister of State for Budget and National Planning, Prince Clem Agba and the Senior Special Assistant to the President on Niger Delta Affairs, Senator Ita Enang among others.
Proposed N385/litre Pump Price: Matters Arising
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Stakeholders urge deployment of security funds for establishment of modular refineries
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Peter Uzoho
Some marginal fieldsâ operators have kicked against the revocation of 11 oil field licences by the Department of Petroleum Resources (DPR) under the guise that the affected fields had been left fallow, stressing that the action of the regulator has jeopardised investments valued in excess of $450 million and exposed them to local litigations and international arbitrations.
They appealed to President Muhammadu Buhari to direct the DPR to withdraw all letters of revocation and grant them all pending approvals to enable them to continue with the execution of their field development plans.
The affected oil fields and their operators include: Atala operated by Bayelsa Oil/CEPL; Dawes Island operated by Eurafric; Ofa operated by Independent Energy; Ke operated by Del-Sigma/Xenoil; Ororo operated by Guarantee/Owena; and Ekeh operated by Movido.