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Top News In பெட்ரோலியம் பகிர்வு ஒப்பந்த Today - Breaking & Trending Today

Two years after, Gbajabiamila-led House of Representatives yet to live up to promises

Two years after, Gbajabiamila-led House of Representatives yet to live up to promises
premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.

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Buhari and the Revocation of Addax's OML Leases, By Opeyemi Abegunde

President Muhammadu Buhari
Certainly, Nigeria needs a partner like China and the revocation of the Addax leases would have resulted in serious reputational damage to the country, with possible unintended but dire diplomatic consequences. Kudos Mr. President for rising up to the occasion!
The decision by President Muhammadu Buhari to overrule the Department of Petroleum Resources (DPR) on the revocation of Addax Petroleum’s Oil Mining Leases (OMLs) 123, 124, 126 and 137 is quite instructive and significant in the context of the interplay of variegated interests in the determination of the bigger picture, as exemplified by the survival of the national economy. It is quite instructive because it has shown that for Buhari, personal interest is neither here nor there, absolutely having no place in this critical business consideration that has implications for national economic sustenance. It is also remarkably significant because the approval has bolstered the contempla ....

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DPR Revokes Addax Petroleum's Four Oil Blocks for Non-performance

DPR Revokes Addax Petroleum's Four Oil Blocks for Non-performance
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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Temane Natural Gas Project Reaches $760-Million FID

Charné Hundermark, Southern and East Africa Editor
February 26, 2021
The Government of Mozambique and integrated energy and chemical company Sasol reached a Final Investment Decision (FID) last Friday for the development of the Temane Natural Gas Project in Mozambique. Totaling $760 million, the investment is aimed at the development of additional natural gas reservoirs at the Inhassoro and Temane fields in Inhambane Province and will be conducted under a revised Petroleum Sharing Contract signed last September.
The FID will facilitate the production of 23 million GJ of natural gas per year – which can be used to produce 30,000 tons of cooking gas, or liquefied petroleum gas (LPG), per year – as well as the generation of 450 MW of electricity at the Temane Combined Cycle Thermal Power Plant. Additionally, the project will enable the production of 4,000 barrels of light oil per day for export. ....

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