NIGER DELTA INDIGENES GIVE TERMS FOR MODULAR REFINERIES’ TAKEOFF

— Want 100% funding of projects by govt — Seek 50% investment of 13% derivation funds in schemes — They’re alternatives to illegal refining, says govt The proposed investments in community-based modular refinery projects across oil-bearing states of the Niger Delta will become a pipedream unless government reviews its model to accommodate divergent interests among youths in the region, according […]

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NIGERIA LOSES AFRICA’S TOP OIL PRODUCER POSITION TO ANGOLA

Sheds N83 billion in one month Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million bpd in March, from 1.426mbpd recorded in February. Consequently, the country lost its status as Africa’s top oil producer to Angola, according to latest data from the Organisation of Petroleum Exporting Countries (OPEC). With the cumulative loss of 4.8 million […]

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ONDO, NDDC SIGN MOU ON ARAROMI-AKODO-LEKKI ROAD

The Ondo State Government and the Niger Delta Development Commission yesterday, signed a Memorandum of Understanding (MoU) on the neglected Araromi-Akodo-Lekki road. The MOU, which aims at building the road for the purpose of opening up the project for integrated economic development, was signed on behalf of the state government by the Secretary to the State Government, Mr. Ifedayo Abegunde, […]

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TOMPOLO’S KINSMEN MEET FG, READY FOR NEW MODULAR REFINERIES

Key stakeholders from the coastal Gbaramatu Kingdom, Delta State, where ex-militant leader, Government Ekpemupolo (aka Tompolo), hails from have met with the Federal Government officials to prepare the ground for participation in the new policy to introduce modular refineries in the Niger Delta. The team from Gbaramatu led by the former Chairman of the Delta State Oil Producing Areas Development […]

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NNPC BACKS FG’S PLAN TO FORMALISE ILLEGAL OIL REFINING IN NIGER DELTA

The Nigerian National Petroleum Corporation (NNPC) has said it would support plans by the federal government to formalise illegal crude oil refining operations in the Niger Delta, saying it was part of the antidotes to criminality including militancy in the region. According to the corporation, the government’s decision would take away from the streets of the region, many of its […]

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