Stakeholders in the port sector have indicated that effective implementation of the Nigerian Port Process Manual, NPPM, through the Presidential Port Standing Task Team, PSTT, would need collaboration amongst the industry players.
A communiqué at the end of a two-day sensitisation programme in Port Harcourt for the NPPM implementation which took this position also pointed out that the PSTT should encourage regular inter-agency meetings in the nation’s port sector.… Read the rest
A Delta State High Court sitting at Orerokpe in Okpe Local Government Area of the state has dismissed a motion seeking to join the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as a defendant in a suit challenging the authority of Opeans Nigeria Limited to issue American Petroleum Institute (API) and Veriforce BOSIET certificates.
Justice Joe Egwu dismissed the motion, which was brought by Opeans, on the ground that there was no cause of action against NUPRC in the instant case.… Read the rest
On Sunday, there were signs that fuel scarcity had returned to Lagos as numerous oil marketers closed their outlets against vehicles and other buyers.
Last week, there was a scarcity in Abuja and its environs, which oil dealers attributed to terrible roads and the high cost of fuel for distribution.
But checks according to Vanguard, over the weekend, indicated that many independent and major oil marketers were not open for business, leaving only the NNPC Limited to attend to customers in most parts of Lagos visited.… Read the rest
The Organization of Petroleum Exporting Countries (OPEC) has said that Nigeria is set to witness the set-up of small modular refineries with a capacity of 20,000 barrels per day each in the medium term.
The Group stated this in its World Oil Outlook which was recently launched in Saudi Arabia.
According to the Outlook, estimates suggest that Africa will experience medium-term distillation capacity additions of 1.2 million barrels per day (mb/d).… Read the rest