Skip to main content

Oando Acquires Oil Block In Angola

Oando Plc  Favour Ifeoluwa & Akinola Ajibade  Oando Plc  says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc,  Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
Post a Comment

Obajana: Dangote seals deals with mining firms By Akinola Ajibade


Dangote Cement Seals New Deals With Mining Communities

 

Dangote Plc has sealed a new deal with communities around its operational base, at Obajana, in Kogi State. 

The conglomerate operates its cement company in Obajana and the two communities, which it renewed a development pact as part of its intervention scheme with are into miming.

At the dealing of the pact are the respresentatives of the communities namely Oyo and Iwaa. The communities and Dangote Plc all agreed that the pact would open doors for more job opportunities for locals and bring about rapid social and economic transformation of their communities.

Speaking about the issue, the Minister of Mines and Steel Development Olamilekan Adegbite, said the Federal Government was glad that Dangote Cement Plc had finally fulfilled its obligations to the host communities.

Adegbite explained, “the CDA is in line with the 2007 Mineral and Mining Act of the nation”.

Represented by the Ministry’s Chief Geologist, Ntuimbe Etta, the minister assured, “the APC led administration will continue to facilitate a peaceful atmosphere between the company and its host communities”.

The Dangote Cement Plant Director, J.V. Gungune, said the massive support for the communities envisaged in the new CDA was in alignment with the company’s vision and mission of supporting its host communities.

Gungune said: “This five-year agreement will be implemented between 2022 and 2026 devoid of any failure.

“Our Group President,  Aliko Dangote is very appreciative and proud of the support from all the communities, including the plant communities of Obajana and Apata.

“The content of the CDA will be implemented under the supervision of the mutually agreed Community Development Monitoring Committee.”

Also, Senior General Manager and Head of Environment and Community Affair of the company, Tukur Lawal, said “Dangote Cement plc is a socially responsible organisation.”

According to him, the company will continue to touch lives through the provision of basic infrastructure, especially to host communities.

Lawal described the two mining communities as “very peaceful, supportive, and business-friendly.”

He noted that the presence of the company had indeed brought about urbanisation and development to the communities.

“Only recently, the company completed the country’s longest concrete road between Obajana and Kabba.

“It’s also worthy of note that our (Dangote Cement Plc’s) annual tax remittances to the government hovers above N100 billion,” he further disclosed

The traditional ruler of Iwaa, Oba Francis Migbole, in his response, described the President of the Dangote Group, Aliko Dangote, as a “God sent” to his community, whose joy knew no bound.

He recalled that in 2021, the company completed a multi-million Naira health facility for Iwaa mining community.

Also, the ruler of Oyo, Oba Solomon Obahawu, described the company as a blessing to his people and the generations yet unborn.

Also, the  Director, Mineral and Ecological Services, Kogi, Atinuke Onimode, commended the company for living up to its social responsibility to the host communities and rescuing them from poverty.

Some of the areas of support itemised in the five-year Community Development Agreement include road infrastructure, education and scholarship, health, micro-credit and enterprise development.

Others are employment, vocational training, award of contracts, and the provision of start-up capital to businesswomen and youths among others.

Comments

Post a Comment

Popular posts from this blog

ICPC Will Not Hesitate to Deal Oil Racketeers

By Favour & Akinola Ajibade Oil racketeers will henceforth face prosecution and subsequently sentenced to prison, in the event that the decision of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) stands by its decision to completely eradicate such activities in the country.  This happens as ICPC  secured a seven year conviction for  two fraudsters, Aso Adasa Morrison and Frank Biobarakuma recently.  The body in a statement signed by its spokesperson, Mrs. Azuka Ogugua and made available to the media, said the two suspects were first arraigned sometime in March 2013 before Hon. Justice B. A. Georgewill of Rivers State High Court 16 on a 17-count charge bordering on conspiracy, forgery and obtaining false pretence regarding transactions in crude oil in Nigeria  She said the court was informed of how the convicts and others at large between the month of March 2012 and February 2013 in Port Harcourt, fraudulently obtain...
Post a Comment
Read more

NNPC Completes Mechanical Rehabilitation of Port Harcourt Refinery Plant

By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company (NNPC) Limited, says that it has mechanically completed the rehabilitation of Area 5 Plant of the Port Harcourt Refining Company (PHRC). The nation's oil company began rehabilitation of the refinery two years ago, while at the same time, promised to complete its by 31st December 2023. The Group Chief Executive Officer, NNPC Ltd., Mr. Mele Kyari, said as of December 15th, 2023, 84.4% of Area 5 Plant, a key component of the Refinery, and 77.4% of the entire rehabilitation project have been completed. “In our quest to ensure that this refinery is re-streamed to continue to deliver value to Nigerians, we made a promise that we will reach a mechanical completion of phase one of the rehabilitation project by the end of December and get the other plants running in 2024. Today, we have kept those commitments,” Kyari stated. The GCEO commended NNPC's staff and the EPCIC contractors for doing a g...
Post a Comment
Read more

'2023 will usher in robust oil industry, says independent producers

Pix depicting Nigeria's energy sector Favour Ajibade The Independent Petroleum Producers Group (IPPG),has said that Nigeria will experience positive changes across its  oil and gas value chain in  2023. Its Chairman, Mr. Abdulrazaq Isa, gave this predictions during the Group’s 2022 Annual Dinner in Eko Hotel and Suites, Lagos.  He said that the tangible effects of the Petroleum Industry Act  implementation, conclusion of this International Oil Companies IOC's divestment phase and the emerging dominance of the indigenous players across onshore and shallow water space; implementation of the decade of gas policy; and the expected deregulation of the downstream sector, will all jointly set the tone and direction for Nigeria’s oil and gas industry in the years to come. According to him, the group has an important role to play going forward and as such are best placed to ensure the optimal development of Nigeria’s hydrocarbon resources as its members have demon...
Post a Comment
Read more