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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Shell, Partners Will Supply GasTo Dangote For 10 Years

Mr Okunbor 


By Favour Ifeoluwa & Akinola Ajibade


The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its Joint Venture Partners namely the Nigerian National Petroleum Company Limited, TotalEnergies Exploration & Production (E&P)  Nigeria Limited, and Nigerian Agip Oil Company – have taken a final investment decision (FID) to build a dedicated upstream facility to supply 100 million standard cubic feet of gas per day to Dangote Fertiliser and Petrochemical Plant in Lekki, Lagos State, for 10 years.

In a statement signed and made available to the News Mirror, SPDC's Managing Director, Mr Osagie Okunbor, describes the develoment as a s step made in support of the government's decision to initiate a revolution in the gas sector.

Tagged: " Decade of Gas Ambition and spread over ten years, the idea ensures that gas, a feedstock  in generating electricity, is optimally used for growth. 

“This investment decision is a critical step in pursuing the development of the gas-rich Iseni field, which is part of the Okpokunou Cluster in Oil Mining Lease 35 located in Sagbama Local Government Area of Bayelsa State,” Okunbor said, adding that SPDC and its joint venture partners remained committed to Nigeria’s ‘Decade of Gas’ ambition and, particularly, the domestic gas agenda"Okunbor said 

According to him, , increasing the delivery of natural gas to the domestic market is key to accelerated industrialization and economic development of Nigeria.

The FID signals a positive step towards the construction of the required infrastructure for the project that is expected to create jobs through direct and indirect employment.

Dangote boasts Africa’s largest granulated urea fertiliser complex and produces around 65 percent of Nigeria’s domestic fertiliser requirements. The project will supply gas which will enhance the Dangote Fertiliser and Petrochemical Plant’s ability to deliver on its promise to the Nigerian people and government.

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