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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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Fed Govt Plans To Conclude Sale 0f Mobil Assets



President Tiinubu 

By Favour Ifeoluwa & Akinola Ajibade


The Federal Government is not leaving any stone unturned to conclude the sale of $1.3 billion ExxonMobil oil assets to Seplat Energy Plc in order to increase investment and Nigeria’s production capacity, the Minister of State for Petroleum Resources, Senator Heineiken Lokpobiri has said. 

He said President Bola Tinubu has already directed him to ensure that all issues bordering on investment and production including sale of Exxon Mobil Assets are addressed, as part of efforts to widen the country 's capacity to improve its output. 

He spoke on the issue during a dinner organised for industry's stakeholdersi in Abuja.

He said: "The President has directed that we resolve all issues hindering investment in the industry. There are many oil well that have been idle for years. I have been engaging stakeholders, including the International Oil Companies, IoCs and indigenous oil companies on how to keep the idle oil wells open".

Adding that:" The directive was part of the efforts of the efforts of theFederal Government to conclude the sale of $1.3 billion ExxonMobil oil assets to Seplat Energy Plc in order to increase the country's capacity to increase oil output greatly..

Continuing further, the Minister said  there are many oil well that have been idle for years. I have been engaging stakeholders, including the International Oil Companies, IoCs and indigenous oil companies on how to keep the idle oil wells open. 

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