General Manager for NNPC’s Crude Oil Marketing Division (COMD) Mr. Mele Kyari told a news agency in an interview yesterday that five off-takers or buyers have raised the issue of Nigeria’s high OSPs.
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The communiqué stated that already, an average of 3,166 megawatts (MW) of electricity cannot be generated by the Gencos because of the shortage in gas supply due majorly to vandalism of gas pipelines in the Niger Delta region.
19 October 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $48.24 a barrel…
It added that the challenge with the Nigeria’s power sector is not limited to financial liquidity, but other sectoral issues.
Based on sophisticated patented technology, Twister gas plants are typically cheaper to build and operate compared to alternative technologies, and also deliver better performance levels.
Ahead of the commencement of debate, the Senate, barring any last-minute change of plan, is expected to hold its second interactive session with Civil Society Organizations (CSOs) on the nation’s budgeting system today.
He said, “One third of the activities of the oil marketers are fraudulent, you can see how some of us Nigerians are wicked.”
“From digital oilfields running on drones and robotics, to smart grids distributing electricity generated from renewable energy, the energy sector in Nigeria and Africa hosts tremendous investment opportunities.”
*Wants oil price to remain low 18 October 2016, Abuja — President of the Dangote Group, Alhaji Aliko Dangote, has…
18 October 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $48.22 a barrel…