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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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" MOMAN is not interested in hiking fuel price'



By Akinola Ajibade


Major Oil Marketers Association of Nigeria,MOMAN has ruled out the possibility of increasing the price of Petroleum Motoring Spirit (PMS) otherwise known as fuel, despite the scarcity of the product in the country.

Its members include Conoil, AP( Ardova Plc),  MRS, OVH Energy, Total Energies and 11 Plc.

The group, in a statement, made available to the News Mirror at the weekend,  said that it would sympathize with Nigerians, expecially customers over the current challenges encountered in the course of obtaining fuel for their domestic and industrial usage by refusing to increase the price of the product, as against adding to their woes. 

This came, as fuel scarcity bites harder nationwide, with resultant effects on homes, who rely on generators to survive the epileptic supply of electricity in the country.

According to MOMAN, the problem itself is  huge, a development, which informed its decision to see that the product is sold at the pump at prices currently approved by the regulatory authorities in the country.

Continuing further, the group observer that there are queues across the country, stressing that they are caused by exceptional high demand and bottlenecks in the fuel.

Speaking on the issue, the body attributes the cause of fuel scarcity to  shortage and high(US Dollar)costs of daughter vessels for ferrying product from mother vessels to depots along the coast. 

Others,the group, said include inadequate number of trucks to meet the demand to deliver product  from depots to filling stations nationwide and the decision by some marketers ( not MOMAN) to sell the product rates, which they believe are higher and increase their profits.

“These high logistics and exchange rate costs continue to put pressure on prices at the
pump.Over the past three months,staff& management of MOMAN companies have
worked diligently at depots and filling stations to relieve the stress faced by customers
through the Christmas and New year period.

“Our members have again agreed to extend
depot loading hours as well as keep strategically situated service stations open for longer hours to ease access to fuel for our customers.

“A final resolution to these challenges will be the full deregulation of the petroleum
downstream sector to encourage liberalization of supply and long-term investments in
distribution assets.We urge the government to work towards this end goal” 



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