2) Signing the legal documents were the GCEO @nnpclimited, @MKKyari; DG-ONHYM of Morocco, Ms Amina Benkhadra; GM PETROSEN Holdings of Senegal, Adama Djallo and DG SMH of Mauritania, Tourad Abdoul Baghi.
3) In his remarks,GCEO @MKKyari said integration of West African economies thru the NMGP is critical for the region's economic growth,adding that @nnpclimited was committed to converting the project into functional value for all transit nations. #NigeriaMoroccoGasPipelineProject
4) Also speaking, DG ONHYM, Ms Amina Benkhadra said her organisation was committed towards the integration of West African economies through the project, which she said will help cut down GHG emissions and meet up with Europe’s gas requirements.
5) On his part, the GM PETROSEN Holdings, Adama Djallo thanked the Government of Mauritania for hosting the signing ceremony of the execution of the NNPC/ONHYM/Petrosen Tripartite MoU, adding that the Senegalese NOC will work with all partners to make the cooperation successful.
6) Today's MoU signing was a follow-up to the MoU signed between the @nnpclimited, Office National des Hydrocarbures et des Mines (ONHYM) of Morocco and the @ecowas_cedeao, held on 15th September, 2022 in Rabat, Morocco.
7) Once completed, the NMGP Project will supply about 3bscfd of gas along the West African Coast from Nigeria, Benin, Togo, Ghana, Cote d'Ivoire, Liberia, Sierra Leone, Guinea Bissau, Gambia, Senegal and Mauritania to Morocco.
8) Other benefits of the NMGP Project include improving the living standards of people, integration of the economies within the Sub-region & mitigating against desertification through sustainable & reliable gas supply. #EnergyforToday#EnergyforTomorrow#NigeriaMoroccoGasPipeline
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Earlier today, Group CEO @MKKyari, on an inspection tour of one of the #AKKGasPipeline project sites in Ahoko,Kogi State said the project is almost at 70% completion,with over $1.1bn so far released to finance the project.
"The #AKKGasPipeline is one massive project we are running as @nnpclimited. It has immense value for Nigeria & its socio-economic growth. The project has not stopped for one day. We have continued to fund it despite the absence of third-party financing."
“We have so far spent over $1.1bn on this project from our cashflow. We are a commercial company today. We have inter-company laws within our company now. This company can fund this project, so we do not need any support to deliver this project now."
1) Our attention has been drawn to an online publication, alleging that @nnpclimited exported 17.877 million barrels of crude oil without proper documentation in four years (2016 to 2020).
2a) The Auditor General’s report in reference did mention 32 oil marketing companies involved in the non-completion of the NXP forms;...
2b)...but that does not in any way mean that the proceeds from the sale of the said crude were not repatriated into the coffers of @nnpclimited and consequently into the Federation Accounts for Federation related barrels.
Historic scenes as President @MBuhari today flagged off the Kolmani Integrated Development Project at Barambu, a village straddling Bauchi & Gombe States.
Being an integrated project, the 1st phase will entail an in-situ Oil Refinery of up to 120,000 bpd capacity, a Gas processing plant of up to 500 million standard cubic feet per day, a Power Plant of up to 300-megawatt capacity, and a Fertilizer Plant of 2,500 tons per day.
In another phase of the project, there'll be a Downstream Oil Terminal/depot for offtake and distribution of the white products coming out of the refinery & further development of the integrated project.
1. The @nnpclimited, Akwa Ibom State Government and Solutions Hub Limited have sealed a deal to establish a fully integrated, deepwater logistics shore base in the State.
2. Uyo, the Capital of Akwa Ibom State was yesterday agog as Governor Udom Emmanuel, the leadership of @nnpclimited and Solution Hub Ltd signed the dotted lines to execute the shareholder’s agreement of Ibom Solution Hub Ltd.
3. The logistics base, proposed to be sited on a 40 sq kms space in Ibaka, Mbo LGA, within the already designated FTZ in A/Ibom State, is modeled to be an alternative to existing Logistics bases in Nigeria to offer offshore construction support to West & Central African regions.
1) In order to strengthen its downstream business portfolio to enhance profitability & guarantee National Energy Security, @nnpclimited has completed the acquisition of @OVHEnergy Downstream assets.
2) These assets include a reception jetty (ASPM) with 240,000MT monthly capacity, 8 LPG Plants, 3 Lubes Blending Plants, 3 Aviation Depots and 12 warehouses.
#NNPC Says No Increase in Fuel Price in March
…Cautions against Hoarding, Panic Buying
Thread...
1. Contrary to speculations of imminent increase in the price of Premium Motor Spirit (petrol) in the country, the Nigerian National Petroleum Corporation (#NNPC) has ruled out any increment in the ex-depot price of petrol in March, 2021.
2a. A press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that the Corporation was not contemplating any raise in the price of petrol in March in order not to jeopardize ongoing engagements with organized labour and...