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"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
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'How govt can tackle oil theft and related practices


By Akinola Ajibade

Nigeria''s problems relating to pipeline vandalism, oil theft and other untoward practices may  come to an end,, if the country employs idel well management strategy and remote well control the Chief Executive officer, Kenyon International West Africa, Mr Victor Ekpenyong, has said.

He spoke concluded Oloibiri Lecture Series and Energy Forum in Abuja, recently.

According to a statement signed by the firm" Public Affairs Manager, Ilechukwu Muonliyi, Ekpenyong said that oil theft is the bane of the Nigerian economy in view of the fact that the country has tried to address iit, but to avail.

He noted that the issue has resulted in the loss of revenues to the Federal Government, which relies on the production and exportation of crude oil for survival. 

Ekpenyoung added thst the development has also contributed to the slate of oil spillage and its attendant environmental pollution.

According to him, the need to find s lasting solution to oil theft and other problems is imperative, due to the fact that crude oil production remains the major earnings of the government.

He said: “Since oil accounts for the major source of revenue in Nigeria, it behoves on the Federal Government to maximise its oil production by putting measures in place that will deter oil theft and vandalism.An idle well management strategy would enable a well to be decommissioned safely to protect it from being vandalized and restore an abandoned well to full potential when necessary.”

He stressed that the issue of deploying oil well management strategy and oil well remote control is key, if Nigeria' would nip the problems in the bud.

On remote well control , the Kenyon boss explained that it is a technology that can be deployed to protect oilfields facilities and environment from hazards such as blowouts.

He urged the government  to integrate the idle well management strategy and remote well control to help reduce the number of emerging idle wells.

The approach he said  would boost oil production which could in turn help fund and facilitate a smooth transition into clean energy.

He advocated the need for increase in Nigeria’s oil production ahead of the 2060 energy transition date the Federal Government had set for net zero emission.

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