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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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PETAN- Fed Govt: Assist In Maximising Oil& Gas Outputs By 60 Or 70%

By Favour Ifeoluwa & Akinola Ajibade

The Petroleum Association Technology of Nigeria ( PETAN) is ready to support President Bola Ahmed Tinubu led government m the country, its Chairman, Mr Wole Ogunsanya has said.
He gave this assurance in Lagos, when the newly elected representatives of National Association of Energy Correspondents ( NAEC) paid him acottesgy visit.
Currently, Nigeria the country produces far below 40 per cent of the of the oil and gas value chain, a development, which is lesser than. what Nigeria nees fo be ranked among the 20  top economies. in the world. 
However, Ogunsanya said that if Nigeria can retain between 60 to 70 percent oil and gas valve chain, she stands a better chance of emerging  one of top 20 best economies.
According to PETAN, Nigeria is producing below 500, 000 barrels of crude oil per day, adding that the figure is a huge loss to the country.
The losses, Ogunwole said, would not have been the case,  if there was full in -country retention values and beneficiation across all the chains of the industry.
He explained: If Nigerian organisations are involved in taking that oil out, taking to a refinery  owned by Nigerians. If we have petrochemicals refining the gas and the product, we are taking that gas, we are processing it in  the power plants; we run pipelines to connecct those plants. We are sure of becoming one of the twenty best economies. 
"And we believe that there is no better prescription of Nigeria's economic solutions that are more this, he added. 
He said a lot of oil and gas needed to be filled at every stage of production, if the the energy values are going to be retained in Nigeria.
He said intention of PETAN is to support this government in order to improve oil and gas production greatly in the country. 
He said: PETAN wants to support this government. If we go to Indonesia the nation's oil and  stakeholders have relationships, that is what they are they are looking inwards to maximize returns from the resources they have





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