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Reps call for revocation of modular refinery licenses Reps call for revocation of modular refinery licenses • Ask NNPC to re-issue licences to competent investors Share The House of Representatives, on Tuesday, called for the review of the Modular refinery licences issued to 38 indigenous firms in 2018 to set up modular refineries across the country, as part of efforts geared toward total deregulation of the downstream sector of the oil industry. Worried by the failure of the policy, the House stressed the need for the Corporation to review the status of each of the licences, revoke and re...

Modular refinery is a skid-mounted modular structure based crude oil processing refinery plant. Each modular structure is an essential component of crude oil refinery. It is connected to each other by means of pipelines. Structures or individual components of modular refineries are usually fabricated in a factory or site far from the required location in a controlled environment. This reduces costs to a larger extent and also improves efficiency of the process. Modules manufactured are transported to the required site for installation, resulting in a much quicker installation time than conven...

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 ...

Trust deficit has come to be a common refrain in the polity used to explain lack of trust in government pronouncements and programmes. Its foundation is rooted in political party soap box promises and manifestoes that are never kept. Sir Walter Scott (1808) wrote “Oh, what a tangled web we leave, when first we practice to deceive”. Reflecting on this truism, it is clear that those who prevaricate in their speech or actions cannot be trusted. Their social capital budget will be fraught with deficit. They are persons or institutions whose words or actions are of double standards. They who b...

Femi Adesina is President Muhammadu Buhari’s Special Adviser on Media and Publicity. Just about the time of his present appointment in 2015, the former Editor-in-Chief of The Sun Newspaper and then President of the Nigerian Guild of Editors had described his boss as the new sheriff in town. I want to believe that Mr. Adesina used the word ‘sheriff’ in a broad American context of what the Cambridge International Dictionary of English defines as “an official, sometimes elected, whose job is to be in charge of performing the orders of the law courts and making certain that the laws are o...