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NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further said that two large boats, which involve
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'How to save downstream sub-sector from collapse

By Akinola Ajibade



Nigeria  should try and  rebuild and revitalise its four refineries, provide intervention through provision of foreign exchange to fuel importers, streamlining taxes in order to avoid multiple taxation by the Federal Inland Revenue Service (FIRS), establish Energy Bank through an act of the National Assembly among other taking other measures, in order to save the downstream sub-sector of the industry from collapse.

The Natural Oil and Gas Suppliers’ Association of Nigeria (NOGASA) President, Me Benneth Korie,  gave the measures in a communique at the organisation’s 2nd annual National Executive Council (NEC) and Stakeholders meeting in Abuja.

The communique read:”NEC/Delegate and stakeholders resolves as follows: That the association should pay a courtesy visit to the president of Federal Republic of Nigeria to outline some of the issues below and the way forward. Association urge the national assembly to revie the policy of taxation (i.e. VAT) as & affects petroleum product supply and distribution chain

“The association urge the national assembly relevant sectors to enact a bill for establishment of energy bank for easy transaction in petroleum products and other and gas sector. That federal government of Nigeria should fix the four(4) refineries in Nigeria in a view to reduce the dependency on importation of refine product, to ease the high cost of petroleum product Nigeria

“That the association through its business arm should be given all necessary assistance by CBN to import AGO and other products into the country at competitive price. The association appeal to FIRS to ensure that suppliers are given a tax relief to avert multiple taxation and refund where necessary. The association appeal FIRS to use their discretion to apply relief on petroleum product.

“That the association urge MNDPR to use NOGASA as the umbellera body oll and gas association in Nigeria. Thereby using the association to collaborate in licensing petroleum product in Nigeria .Government should encourage establishment of modular and private refineries.

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