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"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in

NNPC Pipelines Redundancy Hits 22 years

Kyari 


By Favour Ifeoluwa& Akinola Ajibade


The Chief Executive Officer, Nigerian National Petroleum Company Limited ( NNPCL), Mallam Mele Kolo Kyari says the company has not made a Kobo from its pipeline, which is between Warri and Benin since 2001. 

He said the company, as a result of this,has been redundant for the past 22 years.

Kyari, who confirmed this development during a session with Senators, expressed regrets over  the problems rocking the nation's oil sector. 

He lamented  that the company had not been able to pump oil through pipeline from Warri to Benin in 22 years, stressing that over 5,000 kilometres oil pipelines in the country are not working, due to vandalism.

Speaking Kyari during an interactive session with the Senate Committee on Petroleum (Downstream), Kyari added that the vandalism carried out on over 5,000 kilometers of oil pipelines by vandals  across the country has become a national calamity.

He promised that the nation’s four ailing  refineries would resume operation soon, adding that 10 million litres of oil was lost to pipeline vandalism. 

He said: “Over 5,000 kilometres oil pipelines  in the country  are not working. As a result of pipeline vandalism, 10 million litres of oil were lost from volume pumped from Aba to Enugu at a time.

“The company has been unable to pump oil from Warri to Benin within the last 22 years and can not connect to Ore .

“There is no amount of security measures that had not been taken to curb the crime without success, which to us in NNPCL, is substantially a national calamity.”

The company is embarking on massive replacement of the pipelines, which, aside being vandalised, are old and obsolete.

He explained further to the committee that deregulation of the oil sector and, in particular, subsidy removal carried out in May this year has turned NNPCL into a profitable company .

He explained that the company made a loss of N802 billion before 202 deregulation, stressing that NNPCL recorded profit in excess of N687 billion after deregulation in 2021

He added that while 67 million litres of oil was consumed per day during the era of subsidy regime,  average of 55 million litres are being consumed on daily basis now, just as the problem of smuggling the product across border, has become things of the past .

In their remarks, the Chairman of the committee, Senator Ifeanyi Ubah (APC Anambra South) and other members, said that proper dissection of challenges facing the sector would be better made in a retreat.

Senator Seriake Dickson (PDP Bayelsa West) told the NNPCL boss to look critically into the surveillance security contract the company is operating as regards non inclusion of some oil producing areas .

He said: “Some  local governments in Bayelsa State like Sagbama where i come from are not covered by the contract with attendant consequences.”











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