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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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Savannah to Chad: We shall resist efforts to nationalise our assets


By Akinola Ajibade


Savannah Energy Plc, yesterday, promised to pursue all of its legal rights against the decree issued by the President of Republic of Chad, Mahamat Deby on the issue of nationalising assets Savannah Energy in Chad  

The Chadian leader had issued a decree on March 23rd this year, announcing the decision of his government to bring the assets of Savannah Inco under the control of Chad, as well as ensuring that the country owns the assets.

Hitherto, Chad Inc's was formerly now as  Esso Exploration and Production Chad Inc upstream production assets in Chad.

In a statement issued to the News Mirror and signed by, Senior Consultant, Strategy and Business Management, Chain Reactions Africa, Chidebiere Onuoha, Savannah Energy that its completed the acquisition of EEPCI on December 9,last year.

The firm further said the actions of the Republic of Chad are in direct breach of the Conventions to which SCI and the Republic of Chad among other parties signed. 

It added:”This Presidential Decree has been issued by the Republic of Chad, notwithstanding the fact that under SCI’s operatorship the historic production decline was immediately reversed, with daily production averaging 29,349 barrels per day since 9 December 2022, an increase of c.9% as against the equivalent period prior to Savannah taking control of SCI. Savannah had also initiated plans to significantly increase production further through an active investment programme”

According to Savannah Energy,the conventions are subject to the jurisdiction of an ICC tribunal, seated in Paris and the company intends to pursue all of its legal rights.

It reiterated its commitment to delivering projects that matter in Africa .

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