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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
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NNPCL Plans Handing Over Port Harcourt Refinery To Private Operators

Group Managing Director, Mallam Mele Kolo Kyari 

By Favour Ifeoluwa & Akinola Ajibade


The Nigerian National Petroleum Company Limited ( NNPCL) is seeking  plans to engage reputable and credible operators for effective magement of Harcourt Refinery.  

Through this means, the refinery which has been stately managed alongside others since its establishment in 1965, will be handed over to private operators for seamless operation. 

The aim is to ensure that the refinery resume effective production of crude oil and further help in boosting consumption of locally refined petroleum products.

Recall that Nigeria for decades has battled insufficiency in the area of crude production, a development, which resulted in importation of refined petroleum products amid other problems. 

The National Oil Company, in a statement, said the move is to' snsure reliability and sustainability  towards meeting the nation’s fuel supply and energy security obligations.”

In a publication on its website yesterday  (Monday),  the NNPCL said the contract scope shall cover refinery business processes like long-term and short-term production/operations planning; production and operations execution; monitoring, reporting, and optimisation of operations; maintenance execution; health and safety; environmental management; minor projects and others. 

In the publication, NNPCL requested that interested companies must demonstrate “a minimum average annual Turnover of at least $2 billion USD for the financial years ending: 2019, 2020, 2021 and 2022 respectively.”

The NNPCL had in the last few weeks commenced the supply of crude oil to the Port Harcourt refinery to test-run it.

On December 21, 2023, the Federal Government announced the mechanation work on the Area-5 Plant of the Port Harcourt Refining Company in Rivers State.

It said the first phase of the plant had been completed, as the facility would start refining 60,000 barrels of crude oil daily after the Christmas break.

The Port Harcourt Refinery, situated in Nigeria’s oil-rich Niger Delta region, has been in operation since 1965. The Alesa Eleme refinery complex is situated in Rivers State, Nigeria, approximately 25 kilometres east of Port Harcourt.

In March 2021, the Nigerian government approved a GBP 1.08 billion ($1.5 billion) budget for the renovation and modernisation of the refinery complex.

 

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