The PIB Passage: The Niger Delta And The Ungrateful Nigerian State thenigerianvoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenigerianvoice.com Daily Mail and Mail on Sunday newspapers.
By Udeme Akpan
The National Petroleum Investment Management Services, NAPIMS, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, invested N21.47 billion to rehabilitate the nation’s refineries, the Nigeria-Morocco gas pipeline and oil search in the frontier basins, among others in January 2021.
In its February 2020 presentation to the Federation Account Allocation Committee, FAAC, NAPIMS also mentioned the National Domestic Gas Devt.; Gas Infrastructure Development; Renewable Energy Development, RED; Crude Oil Pre-Export Inspection Agency Expenses and pre-export financing as some other projects funded during the period.
The report, which disclosed that in January 2021, rehabilitation of the refineries gulped N8.33 billion; pre-export financing received N5 billion; National Domestic Gas Devt. – N3.17 billion; and Gas Infrastructure Devt.- N2.39 billion, added that the Frontier Exploration Services, which also involves the search for hydrocarbons in inland basins
Inside Nigeria’s multibillion-dollar abandoned oil, gas projects
Published 8 February 2021
Before COVID-19 triggered a collapse in crude oil prices and demand last year, several big-ticket oil and gas projects in Nigeria had been hanging in the balance. In this report, ’FEMI ASU examines the impact of project delays and/or cancellations in the nation’s oil industry as well as the economy
Nearly nine years ago, one of the agencies in the Ministry of Petroleum Resources acquired 10.2 hectares of land for the construction of what was to become the first pipe mill in the country, and help meet the industry line pipe demand estimated at more than 800,000 tonnes per annum.