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...
Concerned group, yesterday, threatened to disrupt activities in the headquarters of the Nigeria National Petroleum Company Limited (NNPCL) over the lingering fuel scarcity in the country.
The country for months now has been battling with scarcity of gasoline, now without end in sight.
The groups include Commercial Motorcycles Association of Nigeria, (COMAN), Tricycles Owners Association of Nigeria (TOWAN), National Association of Traders of Nigeria, (NASTAN), Luxurious Bus Operators Union (LUBOU), Market Women Association of Nigeria (MAWAN), Trailer Drivers Association of Nigeria, TADAN among others.
In a communique signed by Boniface Ikedi, Basil Ekanem and four others, the group said their members can no longer cope with hardship.
They urged the Federal government to rise to the occasion before the general election as they were ready to stop their members from INEC’s logistics arrangements.
“ We have concluded plans to issue a three-day warning civil strike action to the Federal Government, with a view to enable it address the problems, which has brought more hardship to Nigerians", the communique said.
According to the association, it has issued a red alert to its numerous members across the six geopolitical zones to occupy the Nigeria National Petroleum Limited, NNPCL headquarters located in the Central Business District, Abuja.
“It’s also inconceivable that fuel is sold at licensed and government recognised filling stations for N350 to N400 per litre across the six geopolitical zones, which has forced majority of the members to abandon their buses, motorcycles and the rest, the group further said.
They advised President Muhammadu Buhari to sack the NNPCL’s boss,Mele Abba Kyari and the Minister of State for Petroleum, Timipreye Sylva from office as solution to the fuel confusion in the country.
The groups unanimously resolved that should the Federal Government fail to heed to all the resolutions herein, the NNPL towers would continue to be occupied till such a time that fuel is restored at filling stations across the country.
They said:”That all members of the Transport union who were engaged by the Independent National Electoral Commission, INEC will ahead of general election to transport election related materials will be withdrawn.
“That the association will shut down any fuel retail outlet seen serving government vehicles, including INEC official cars having heard that discussion between the management of NNPL and INEC was ongoing for special fuel and gas dispenses to INEC engaged vehicles for the election beginning from February 25.”
The groups also condemned the naira scarcity and the total collapse of the Central Bank of Nigeria, CBN’s currency swap policy which has also brought untold hardship on Nigerians in a manner that has never been since the Biafra war about 53 years ago.
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