One of the exhibits is a Certified-True-Copy of the interim order of forfeiture of 9.8 million dollars in the criminal trial of Mr. Yakubu.
Browsing: Nigerian National Petroleum Corporation
The PPMC boss called on marketers to desist from hoarding and diversion of petroleum products to neighbouring countries, stressing that the corporation was working hand-in-hand with the Department of Petroleum Resources (DPR) and other security agencies to sanction defaulting marketers.
Nigerian state oil company, NNPC, has issued a tender to buy up to 1.55 million tonnes of gasoline from January to April in its latest effort to stave off shortages that have recently plagued Africa’s most populous nation.
The strategic Escravos to Lagos Pipeline System was affected by a fire at a segment along Egbokodo-Omadino, in Warri South Local Government Area of Delta State in the early hours of Thursday.
He further explained that IPMAN has been infiltrated with non-members who diverts fuel to black markets, adding that they would also collaborate on surveillance of filling stations across the country.
The cut in gas supply to the six Gencos caused a power blackout after the national grid collapsed with power generation falling from over 4,000 mega watts to 0.50Mega Watts.
“In line with this aspiration, NNPC is collaborating with key stakeholders to improve the overall security of our production sites, crude export lines and other critical oil and gas infrastructure.”
Nigeria is among the world’s 10 cheapest places to buy petrol, which partly explains its recent fuel shortages. It also means that rising oil prices may be a double-edged sword for the country.
With the restoration of the ELP and resumption of gas supply, the affected power plants with a combined generating capacity of 1,143MW would resume power generation.
“It is the opinion of the Senate that instead of resorting to false claims and shifting blames in the mould of ‘Blame Someone Else’, both the executive and legislature should work together to solve this unnecessary fuel crisis which is making life more difficult for our people.”
