Reps probe alleged diversion of crude oil at Warri refinery
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By Levinus Nwabughiogu, Abuja
House of Representatives, Wednesday mandated its Committee on Petroleum (Upstream) to investigate an alleged diversion of crude oil meant for refining at Warri refining and petrochemical company in Delta State.
The Committee would also probe why the Nigerian National Petroleum Corporation, NNPC has allegedly failed, refused and or neglected to address the haulage challenges viz-a-viz inadequate storage tanks affecting the refining and petrochemical company to forestall the frequent shutting down of the refinery.
The resolution of the parliament was sequel to a motion titled “Urgent Need for the Re-Opening And Commencement of Operations of the Warri Refining and Petrochemical Company by Addressing the Haulage Challenges and Lack of Functional or Operational Storage Tanks Affecting the Refinery”, sponsored by Hon. Ben Rollands Igbakpa representing Ethiope Federal Constituency of Delta
House to conduct investigative hearing on NNPC s decision to shut down Warri refinery today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
Okowa harps on sustained provision of infrastructure for Deltans Okowa harps on sustained provision of infrastructure for Deltans
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Delta State governor, Senator Ifeanyi Okowa, has reinstated his administration’s determination in the provision of infrastructure for the people of the state.
Okowa emphasised this, on Tuesday, during the inauguration of the Ighogbadu Secondary School in the Okere-Urhobo Kingdom, Warri South Local Government Area of the state.
The governor said that the 13 classroom block with other learning facilities would help the children in their studies.
“No amount of money invested in infrastructure is too much for our people.
“We are going to remain focus through the next two years of my administration. We will not allow politics to distract us from our work.
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Home » News » How NNPC cuts losses in four refineries by 53% to N85.75bn in 10 months
How NNPC cuts losses in four refineries by 53% to N85.75bn in 10 months
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By Obas Esiedesa
THE Nigerian National Petroleum Corporation, NNPC, has cut down losses by 53 per cent in the first 10 months of 2020, due to none production in the nation’s four refineries, according to data obtained from its October 2020 Monthly Financial and Operations Report, MFOR.
The data, obtained by Energy Vanguard, showed that the Operational Expenses, OPEX, stood at N85.75 billion in the first 10 months, thus indicating a drop of 53 per cent, compared to N122.96 billion recorded in the corresponding period of 2019.
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Leke Baiyewu, Abuja
The House of Representatives Committee on Public Accounts, on Thursday, strongly criticised the failure by the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, and heads of the corporation’s subsidiaries to appear before it.
The committee decried that it was the tenth time the officials would write to defer their appearance at its investigative hearing on the audit queries issued against them by the Office of the Auditor General of the Federation, including unaccounted proceed of oil sales amounting to about N3.9tn.
Those with queries against them are the Nigerian Petroleum Development Company Limited, Petroleum Products Marketing Company Limited, Petroleum Products Pricing Regulatory Agency, NNPC Retail Limited, National Petroleum Investment & Management Services, National Petroleum Exchange, Nigerian Gas Company, NNPC Pension Limited, Kaduna Refining and Petrochemical Company, Warri Refining and