By Solomon Asowata
Lagos, Jan. 11, 2021 The Major Oil Marketers Association of Nigeria (MOMAN) says the Federal Government needs the support of the private sector, to successfully implement the National Gas Policy aimed at deepening gas utilisation in Nigeria.
Mr Tunji Oyebanji, Chairman, MOMAN, told the News Agency of Nigeria (NAN) on Monday in Lagos that the nation would soon begin to reap the benefits of the government’s gas policies.
NAN reports that some of these policies included the Autogas Scheme, which was formally inaugurated on Dec. 1 by President Muhammadu Buhari and the National Gas Expansion Programme.
Oyebanji said: “we believe that there will be a lot of activities in the gas sector this year, both Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG).
Embracing NNPC’s LPG/Autogas before darkness falls on fossil gas
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By Sonny Atumah
Nigeria’s President Muhammadu Buhari, last week, commissioned the Nigeria Petroleum Development Company, NPDC Integrated Gas Handling Facility in Ologbo, Edo State. The Liquefied Petroleum Gas plant that receives gas from the Oredo Field, estimated to be the largest onshore plant in Nigeria is to process wasted or flared gas to produce several Natural Gas Liquids, NGL to create wealth.
It is one of the projects embarked upon by the MeleKyari led NNPC, and executed by its subsidiary; the NPDC to scale up utilisation of Nigeria’s natural gas resources and put spurs on Nigeria’s industrialization. With this, the NNPC is moving towards a global integrated energy company.
,,,Emefiele: The passionate, patriotic Central Banker
WHEN Godwin Emefiele assumed office as the tenth indigenous Governor of the Central Bank of Nigeria, CBN, in June 2014, he never equivocated about his desire to lead a Central Bank that spends its energies on building a resilient financial system that can serve the growth and development needs of the Nigeria economy.
Coming to the table with almost three decades of banking experience, Emefiele unveiled a ten-point agenda, which spelt out his plan to make the CBN more people-focused.
He said the Bank’s policies and programmes would be geared towards supporting job creation and fostering inclusive growth, in addition to key macroeconomic concerns such as inflation and exchange rate stability.
By Solomon Asowata
The year 2020 has undoubtedly been one of the most difficult years for the oil and gas industry globally in the last few decades.
It saw the Coronavirus pandemic grip nations across the globe, necessitating countries and states to lock down their borders for some time, thereby preventing movement of persons, goods and services for months unless under special circumstances.
This restriction of movement affected many sectors of the economy, but one of the worst hit was the oil and gas industry which fuels mobility of mankind and businesses across the globe.
With a sharp drop in air and land movement, the demand for Jet A1 (Aviation fuel) , Diesel and Premium Motor Spirit (PMS) also known as petrol declined drastically.
Vanguard News
Yuletide: PPPRA assures of adequate petroleum products
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The Petroleum Products Pricing Regulatory Agency (PPPRA) has given assurance of availability of adequate petroleum products throughout the Yuletide period.
The agency gave the assurance in a statement signed by its Executive Secretary Mr Abdulkadir Saidu, in Abuja, on Thursday.
“The average stock of Premium Motor Spirit (PMS) also known as petrol, for both inland and marine between Dec. 12th and 18th stood at 2,230,400,000 litres, translating to 39.83 days sufficiency.
“The country also has a total average volume of 623,080,000 litres of Automotive Gas Oil (AGO) or diesel with 44.51 days’ sufficiency, which signals good news for luxurious buses that are expected to dominate long travels during the festive season,’’ he said