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Presidency angry, summons NNPC GMD over N3 billion slop oil sale

Presidency angry, summons NNPC GMD over N3 billion slop oil sale
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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NNPC shocks manufacturers, undermines national interest in shady sale of Slop Oil

NNPC shocks manufacturers, undermines national interest in shady sale of Slop Oil
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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Edo Refinery: Plant to source crude from Escravos line – Obaseki

BENIN CITY – The Edo State Governor, Mr. Godwin Obaseki has said the Edo Modular Refinery being developed by Edo Refinery and Petrochemical Company Limited (ERPC) with support from the state government, in Ologbo, Ikpoba – Okha Local Government Area, will source crude for processing from the Escravos Line.
The governor, who spoke during a recent inspection of the facility, said the crude sales agreement is being finalized in readiness for production, which is scheduled to begin in August this year.
“What we have left now is to finalise the crude oil sales contract; these facilities have to get a certain type of crude from the Escravos line and that is being finalized. I hope that before the end of August, we should start lifting products from these facilities,” ....

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North's biggest power plant still stalled, 11 years after

Located around the Kudenda industrial area, off Nnamdi Azikiwe Expressway in Kaduna, the power plant, a project of the Federal Ministry of Power, was designed to use eight installed turbine units to add to the power supply in the industrial area. It was expected that with its eventual take-off, 12 textile factories located at the Kakuri industrial area would be the main beneficiaries. Due to its delayed takeoff, however, more textile companies have folded up in Kaduna, with thousands said to have lost their jobs.
Findings by
Daily Trust on Sunday had revealed that due to several challenges, the deadline for the completion of the project had been shifted several times. ....

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Reps decry controversy trailing return of fuel subsidy

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The House of Representatives on Wednesday expressed grave concern over the controversy trailing the resuscitation of fuel subsidy on Premium Motor Spirit (PMS) as well as allegation bothering on the diversion of crude oil at Warri Refinery, in Delta State.
The House in-session who expressed displeasure over the myriad of challenges facing the shutdown of the dyfunctionality of the domestic refineries, mandated its Committee on Petroleum Resources (Upstream) to investigate the activities of Nigerian National Petroleum Corporation (NNPC) on the operations of the haulage challenges, inadequate storage tanks affecting the Warri refining and petrochemical company in the bid to forestall the frequent shutting down of the refinery. ....

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