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.
Today's occasion represents a partnership that'll see the trio of Africa Oilfield Movers Ltd, New Nigeria Dev't Company (NNDC) & NNPC E&P Ltd producing/monetising the Kolmani field, making yet another historic step in the history of hydrocarbon production/monetization in Nigeria.
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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.
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
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
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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...
In spite of the rise in the price of crude oil in the international market, the #NNPC has ruled out any increment in the ex-depot price of Premium Motor Spirit (petrol) in February, 2021.
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2. This was disclosed in a press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru @kennieobateru.
3. The statement explained that the decision was to allow ongoing engagements with organized labour and other stakeholders on an acceptable framework that will not expose the ordinary Nigerian to any hardship, to be concluded.
Announcement of Final Investment Decision (#FID) for Brass Fertiliser & Petrochemical Company Ltd (BFPCL)'s Integrated Project.
Details shortly...
The BFPCL is an incorporated company which has @NNPCgroup, @OfficialNCDMB & DSV Engineering as Shareholders. Today's significant milestone of achieving an #FID symbolizes the full support of the Fed Govt for the construction & operation of “the first Methanol Plant in Nigeria”.
"When completed, the BFPCL Project will bring about 3 Billion Dollar foreign direct investment, generate employment of 30,000 jobs during construction period and 5,000 during operations. This is a huge milestone" #BrassFertiliser_FID#DecadeOfGas