FOR NIGERIA, NO MORE FUTURE IN OIL – PUNCH EDITORIAL

August 3, 2017 AdminLeave a comment

Ever since the emergence of oil and gas as the dominant feature of the Nigerian economy, starting from the 1970s, successive administrations in the country have only been paying lip service to the need for economic diversification.

NEITI: CRUDE OIL WORTH $15.9BN LOST IN FOUR YEARS

June 8, 2017 AdminLeave a comment

—- NIMASA never prosecuted infractions The Executive Secretary, Nigerian Extractive Industry Transparency Initiative (NEITI), Mr. Waziri Adio, Wednesday disclosed that a whopping $15.9 billion in crude oil was either lost or not accounted for between 2011 and 2014.

CHINESE FIRM TO BUILD KADUNA REFINERY, SOURCE CRUDE FROM NIGER REPUBLIC

May 26, 2017 AdminLeave a comment

Kaduna State government has signed agreement with a Chinese company to build a refinery in the state, which will use crude oil from Niger Republic via a 400-kilometre pipeline from Niger to Kaduna.

OPEC WANTS ‘COLLECTIVE EFFORTS’ TO COUNTER US OIL OUTPUT

May 11, 2017 AdminLeave a comment

OPEC said Thursday that oil producers needed to make more joint efforts to match supply and demand in the oil market in the face of rising output in the United States.

AGIP TO BUILD 150,000 BARRELS CAPACITY REFINERY WITH $15 BILLION IN PORT HARCOURT

May 9, 2017 AdminLeave a comment

A multi-national oil company, Agip has concluded plan to build a brand new refinery of 150,000 barrels capacity in Port Harcourt.

LOCALLY-ASSEMBLED VEHICLES TO GET SPEED LIMITERS

As part of efforts to reduce the rate of speed-related accidents in Nigeria, the National Automotive Development and Design Council has directed all vehicle manufacturing plants in the country to install the speed-limiting device in their vehicles.
A deadline for compliance on the installation of the device in all vehicles being imported into the country has also been given.
AUTO POLICY CAUSING HIGH MARITIME JOB LOSSES – EXPERT

In a letter to President Muhammadu Buhari, a member of the Presidential Taskforce on Customs Reform, Mr. Lucky Amiwero, has called on the Federal Government to review the policy, due to its negative impact on the economy.
He said, “The impact associated with the implementation of the auto policy is as follows: the diversion of cars carrying vessel to neighbouring West African ports as a result of high tariff on imported vehicles; and the reduction of the maritime workforce by 70 per cent, which affects mostly licensed customs agents, importers, dealers and Nigerians abroad.”
UNDERSTANDING THE HISSING & SQUEAKY SOUND FROM TRUCKS

Ever wondered why trucks and buses make funny squeaking and hissing sounds? Well, the squeaking is the air escaping after braking and the hissing sound is the automatic bypass safety valves at work, ensuring the air pressure remains at the correct level.
Since a main advantage of air-brakes systems is their ability to use air to operate, the compressor is constantly kicking on and kicking off to refill the reservoirs with pressurized air. When the compressor builds too much air, the valves open, producing that loud hiss which probably gets some of us wondering…What the heck is leaking..lol!
SAFETY TIPS! COPING WITH POTHOLES

Hitting potholes can throw your vehicle\'s front end out of alignment. If you feel your car \"pulling\" during driving, that\'s a clue that you could have a problem.

Check the tread on your tyres. Uneven tread wear can be a sign of misalignment. If you hit a severe pothole, have the vehicle\'s alignment and tyre balance checked.

When you hit a pothole you can damage your tyre and/or the metal wheel of your vehicle. Keeping your tyres properly inflated will help reduce damage from potholes and other road hazards.

The impact of potholes on tyres increases dramatically with speed and can cause hidden, internal damage that could lead to tyre failure weeks, or even months, later. It\'s best to avoid potholes entirely, but if that\'s not possible, don\'t brake during the pothole impact. Instead, apply brakes before hitting a pothole and release them just before impact. Braking during the impact sets up the tyre and wheel assembly for a \"solid hit\" against the edge of the hole. Less severe damage occurs when a tyre is rolling than when it is skidding over a hole during braking.

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Tag: Crude Oil

FOR NIGERIA, NO MORE FUTURE IN OIL – PUNCH EDITORIAL

NEITI: CRUDE OIL WORTH $15.9BN LOST IN FOUR YEARS

CHINESE FIRM TO BUILD KADUNA REFINERY, SOURCE CRUDE FROM NIGER REPUBLIC

OPEC WANTS ‘COLLECTIVE EFFORTS’ TO COUNTER US OIL OUTPUT

AGIP TO BUILD 150,000 BARRELS CAPACITY REFINERY WITH $15 BILLION IN PORT HARCOURT