He noted that contrary to the speculation fueled by mischief makers, distribution companies are facing severe liquidity constraints as they are charging far below cost prices in the delivery of electricity to its customers.
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22 February 2018, Sweetcrude, Lagos — Saipem Contracting Nigeria Limited, SCNL, have been recognised as the ‘Most Compliant Local Content…
The federal government in November 2017 disclosed that it was considering granting 13 operational licences for modular refineries in the Delta region. It also has, as part of its policy to revive the country’s oil sector, the Seven Big Wins, plans to incentivise the construction of modular refineries in the region.
*Threatens “massive” staff lay-off OpeOluwani Akintayo 21 February 2018, Sweetcrude, Lagos — The Depot and Petroleum Products Marketers Association of Nigeria,…
“The Niger Delta Youth Council as well as its affiliates therefore pass a resounding Vote of Confidence on Boroh, as well as the Buhari-led administration for their efforts at maintaining enduring peace in the region through consistent timely interventions.”
“Energy China is leading the financing of the project with strong support from International banks in China. SIPP expects to reach a financial close on the new combined cycle power project by the third quarter of this year.”
He said out of the privatised enterprises, 63 per cent of them are doing well while the remaining 37 per cent are not performing.
“In the past, most Nigerian energy and petroleum industry players spent huge foreign exchange to attend the popular Offshore Technology Conference (OTC) in Houston, U.S. Today, Kachikwu has changed the narrative by conceptualising and hosting the new Nigeria OTC, that seeks to bring investors and players in the sector to Africa for the first time.”
He said, “Ultimately, the greater challenge that this country would have and still have is that of pricing. Everybody wants power, available gas and freely delivered fuel with no queues, but people are not willing to make the sacrifices that are essential for these things to happen.”
He said, “Delta state already has three modular refineries waiting to take off now. One in Sapele, one in Kwale axis, one in Ukpai. They are 10,000 barrels each.”
