William Clowes, Bloomberg News Muhammadu Buhari Photographer: Drew Angerer/Getty Images , Photographer: Drew Angerer/Getty Images
(Bloomberg) Nigerian President Muhammadu Buhari reversed a government decision to revoke four oil permits from a unit of Chinaâs Sinopec.
Buhari âapproved the restorationâ of the licenses to Addax Petroleum Corp. as part of his commitment to âthe rule of law and sanctity of contracts,â spokesman Garba Shehu said in an emailed statement Friday. The West African nationâs oil industry regulator, the Department of Petroleum Resources, announced the termination of the leases on April 6.
The president directed the DPR âto retract the letter of revocation,â according to Shehu. He instructed the state-owned Nigerian National Petroleum Corp., which is in a partnership with Addax, to âresolve issuesâ in line with their contractual relationship, he said.
Nigeria pens gas development deal
Apr 23, 2021 3:30:pm
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by: Joseph Murphy
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Maintenance mostly over in Africa
Most of the current round of refinery maintenance in Africa has been completed.
However, South Africa’s Cape Town and Engen remain closed.
ONGOING MAINTENANCE
New and revised entries Ghana’s sole oil refinery, the Tema facility, has come back online after being shut in for a few weeks due to technical issues, a source close to the matter said March 22. “The refinery has resumed processing after days of some maintenance to correct some few issues,” the source said. The refinery went offline in late July, after having run through its reserves of crude. It then restarted in early January only to shut down again a month later. The CDU currently only has one furnace, which means the refinery can only operate at around 30,000 b/d.
New and revised entries Ghana s sole oil refinery, the Tema facility, has come back online after being shut in for a few weeks due to technical issues, a source close to the matter said March 22. The refinery has resumed processing after days of some maintenance to correct some few issues, the source said. The refinery went offline in late July, after having run through its reserves of crude. It then restarted in early January only to shut down again a month later. The CDU currently only has one furnace, which means the refinery can only operate at around 30,000 b/d.
by Tope Alake
Lagos Suleiman Babamanu’s path to the heart of Nigeria’s biggest solar power programme started in disappointment.
After university he worked as a trainee geoscientist for a unit of the Nigerian National Petroleum Corp. A job in the industry Nigeria is Africa’s biggest oil producer would have been a traditional route, and a lucrative one. But he couldn’t find employment.
This was in about 2010, when the growth of clean energy around the world made it start to seem like a potential career path. The industry hadn’t gained much traction in Nigeria, and he set aside the idea, until a conversation with a relative persuaded him to reconsider.