Video: President Muhammadu Buhari commissions the Dangote Refinery

 

President Muhammadu Buhari, GCFR commissioned the Dangote Refinery at Ibeju Lekki, Lagos on Monday, May 22, 2023.

It is Africa’s biggest oil refinery and the world's largest simple-train refinery.

1. It is located in Ibeju, Lagos, Covering a land area of approximately 2,635 hectares.

2. World’s Largest Single-Train 650,000 barrels per day Petroleum Refinery with 900 KTPA Polypropylene Plant.

3. The Refinery is powered by a 435 MW Power Plant.

4. At full capacity, it can meet 100% of the Nigerian requirement of all refined products and also have surplus for export.

5. Designed for 100% Nigerian Crude with flexibility to process other crudes.

6. Self-sufficient marine facility with ability for freight optimisation. Largest single order of 5 SPMs anywhere in the world.

7. Diesel & gasoline from the refinery will conform to Euro V specifications.

8. The refinery design complies with World Bank, US EPA, European emission norms and Department of Petroleum Resources (DPR) emission/effluent norms.

9. It incorporates state-of-the-art technology.

10. It is designed to process large variety of crudes including many of the African Crudes, some of the Middle Eastern Crudes and the US Light Tight Oil.

11. About 65 million cubic metres of sand dredged, costing approximately €300 million, using the world’s largest dredgers.

12. Over 1,200 units of various equipment were bought to enhance the local capacity for site works.

13. Dangote Group bought 332 cranes to build up equipment installation capacity.

14. Also built is the world’s largest granite quarry to supply coarse aggregate, stone column material, stone base, stone dust & material for break water (10 million tonnes per year production capacity).

15. In a bid to bring over dimensional cargoes close to the site directly, Dangote Group had to developed a port and constructed two quays with a load bearing capacity of 25 tonnes/sq metre.

16. Constructed two more quays in the port with a capacity to handle up to Panamax vessels to export, two quays to handle liquid cargoes.

17. The port will have 6 quays, including a roll-on/roll-off quay.

18. In the course of the civil works, 700 piles were drilled on some days, with total number of piles up to 250,000.

19. It has 177 tanks of 4.742 billion litres capacity

20. Dangote is one of the few companies in the world executing a Petroleum Refinery and a Petrochemical complex directly as an Engineering, Procurement, and Construction (EPC) Contractor.

21. Training of 900 young engineers in refinery operations abroad. Mechanical Engineers trained in the GE University in Italy. Process engineers trained by Honeywell/UOP for six months.

THE NEW NNPC BOARD AND STRATEGIC BALANCING

THE NEW NNPC BOARD AND STRATEGIC BALANCING

- By Frederick Harry

On August 16th 2021, President Muhammadu Buhari signed the much awaited Petroleum Industry Bill into law. The signing of the Bill into law was hailed as a timely intervention as it is expected to “provide certainty to potential and existing investors on the applicable fiscal regime in the Petroleum Industry”. By the powers vested in the President under section 59 (2) of the Petroleum Industry Act 2021, on September 19, 2021 he approved and appointed the Board and Management of NNPC Ltd with Senator Godwin Ararume as the Chairman of the Board.

The appointment of the Chairman of the Board from Imo State in the South East was applauded as evidence that the relationship between the people of the region and the President was heading north.

The inauguration of the board has however been suspended twice as a result of scathing criticism against some members by some activists, civil society organisations, petitions from powerful interest groups and alleged resistance by the International Oil Companies (IOCs).

Mr. Deji Adeyanju, the Convener of Concerned Citizens of Nigeria had described the appointment of Senator Ararume as a travesty and criticized the Buhari government’s “penchant for outlandish and unconventional methods of appointing cronies and men of questionable character” to important public offices. He insisted that there are many qualified technocrats and experienced oil and gas industry players from Imo State that can lead the charge at NNPC and manage the country’s main source of revenue and that Senator Ararume does not fit in that mould.

This type of blistering and witheringly scornful criticism coupled with fight back by the IOCs and counteraction by the political elites across board allegedly led to the indefinite suspension of the inauguration of the board as announced by the Secretary to the Federal Government on November 23, 2021. It is now being speculated in the Energy Halls of Power and Corridors of Political Influence that the federal government is considering nominating another person as Chairman of the Board.

It is very imperative therefore that the Buhari administration should take certain salient factors including but not limited to political environment, economic challenges, management skills and social issues into consideration before making such a nomination.

On the political environment, the ruling party, APC has been striving to make in-roads in the South East and the South South regions of Nigeria. Senator Hope Uzodinma, the Imo State Governor has been leading from the front in ensuring that  citizens from the two regions embrace the party wholeheartedly. This can be seen from his tenacity and doggedness in persuading his brother Governors from Ebonyi and Cross River States to join the party. He has essentially converted all the big and influential political players in the South East to APC. It is the prevailing public opinion that if the nominated Chairman of the Board would be changed, the President should consult the Governor to liaise with other relevant stake holders from the South East to present an acceptable candidate with cognate industry and management experience to lead the board and that person should come from Imo State.

What many people may not know is that oil, the bedrock of the Nigerian economy was first discovered in Iho Dimeze community in Ikeduru LGA of Imo State in 1937 by Shell Petroleum then known as Shell D’Arcy. The company established a base in Owerri before it left for Oloibiri in Rivers State when it discovered oil in commercial quantities there in 1956.

With the recovery of 43 Oil Wells from Rivers State by the Uzodinma administration which is the greatest economic feat by any Imo Governor since 1999, Imo State is now an assertive 4th oil producing state in the country. Imo State is home to over 200 trillion cubic feet of natural gas deposit and upside of potential 600 trillion cubic feet. Natural gas has today become a catalyst for socio-economic renaissance all over the world as the urgent need for clean and renewable energy need not be emphasized. With the emerging importance of Imo State to the nation’s economy, it would be unthinkable to deny the state the chance to lead the Board of NNPC Ltd.

It must however be reiterated that the new NNPC Board needs to be led by a certified change agent who is conversant with processes and management strategies of formulation, implementation, evaluation, modification and monitoring. It must be someone ready to implement a paradigm shift agenda with his eyes on the ball of common good not the next election. He must be an innovative thinker with excellent track record and culture of excellence in service crafting tactics to achieve objectives. He must demonstrate outstanding problem solving skills and exemplary team leadership ability with knowledge of climate challenges.

Nigeria is considered 58th most vulnerable and 22nd least ready nation to adapt to the threats of climate change. With 25% of the population living in exposed coastal region, a vast majority of the citizens plagued by devastating poverty and insecurity fueled partly by climate change, NNPC led by the Board should be ready for transitioning into “Green Economy”. The Board must be ready to create platforms for engagement to achieve climate readiness with clean energy and improved decision making.  The country cannot afford a misstep now.

The ball remains in the court of Mr. President to consult widely and give the Board a Chair that would lead the way for the nation’s economic progress. 

###

Frederick Harry, a Nigerian from the Grand Bonny Kingdom, is a contributing editor to CNBC and Africa Business News.

Nigeria 50 years of Independence

30 Sep 2010 12:53 Africa/Lagos



Nigeria 50 years of Independence


ABUJA, September 30, 2010/African Press Organization (APO)/ -- Interview opportunity

“Because of oil exploration there are no more fisheries…We experience the hell of hunger and poverty. Plants and animals do not grow well, the fish have died…”
- Jonah Gbemre of Delta State, April 2008

Nigeria celebrates its 50th year of independence on October 1.

Since the 1960s, oil has generated an estimated $600 billion. Despite this, the majority of the Niger Delta's population lives in poverty. According to the UN, the area suffers from administrative neglect, crumbling social infrastructure and services, high unemployment, social deprivation, abject poverty, filth, squalor and endemic conflict.

This poverty, and its contrast with the wealth generated by oil, has become one of the world's starkest and most disturbing examples of the “resource curse”.

Amnesty International has spokespeople available to discuss the impact of the oil industry on the human rights situation in Nigeria in the past 50 years.

We can also provide interviews on the use of torture and extra-judicial killings by security forces, the death penalty and housing rights/forced evictions over the past 50 years.

For further information, photos or to arrange an interview by ISDN or phone please contact Katy Pownall on +44 (0)207 413 5729 or email katy.pownall@amnesty.org


Source: Amnesty International

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OPEC Pumps 29.28 Million Barrels of Oil Per Day in May

9 Jun 2010 19:12 Africa/Lagos


Platts Survey: OPEC Pumps 29.28 Million Barrels of Oil Per Day in May

Crude Oil Production Rose 70,000 Barrels Per Day From April

LONDON, June 9 /PRNewswire/ -- Platts -- The 12-member Organization of the Petroleum Exporting Countries' (OPEC) crude oil production output averaged 29.28 million barrels per day (b/d) in May, up 70,000 b/d from an estimated 29.21 million b/d in April, according to a just-released Platts survey of OPEC and oil industry officials and analysts.


However, excluding Iraq, which does not participate in OPEC output agreements, output from the 11 members bound by quotas (OPEC-11) fell by 60,000 b/d to 26.83 million b/d from 26.89 million b/d in April, the survey showed.


"While OPEC-11 production fell in May, it resulted in only a marginal increase in compliance with the 4.2 million b/d in output cuts agreed in late 2008," said Kevin Saville, managing editor of Platts' Americas energy news desk. "This suggests that OPEC remains mostly unconcerned with overproducing its notional output target by almost 2 million b/d, particularly when prices are holding well into the $70s/barrel."


Overall, 180,000 b/d of increases from Iraq, Saudi Arabia, Kuwait and the United Arab Emirates (UAE) more than offset 110,000 b/d in declines from Angola, Iran, Nigeria and Venezuela.


Iraqi supply, which had fallen by 130,000 b/d in April as bad weather hit exports, recovered by the same volume in May to average 2.45 million b/d.


The latest estimates show that the OPEC-11 overproduced their now largely notional 24.845-million-b/d target by 1.985 million b/d.


This target, based on output cuts totalling 4.2 million b/d agreed in late 2008, has been in place since January 2009. Compliance, which peaked at close to 82% in March 2009, was relatively high initially, but diminished as oil prices rose. The latest estimates suggest an overall compliance rate of 52.7% in May, up from 51.3% in April.


Earlier on June 9, OPEC's Vienna secretariat lowered its forecast of the call on OPEC crude this year by 70,000 b/d to 28.77 million b/d, saying supply growth had "more than overwhelmed" growth in demand and that the market had "no room for additional supplies."


OPEC ministers last met in March, when they rubber-stamped the existing agreement, and are next scheduled to meet on October 14 in Vienna.


For production numbers by country, view this table (you may be prompted for a cost-free one-time-only log in registration).


Platts OPEC and oil experts are available for media interviews; please consult Platts Media Center to schedule an interview. For other oil, energy and related information, visit Platts online at www.platts.com.


About Platts: Platts, a division of The McGraw-Hill Companies (NYSE:MHP) , is a leading global provider of energy and commodities information. With a century of business experience, Platts serves customers across more than 150 countries. An independent provider, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemical, shipping, and metals markets from 17 offices worldwide. Platts' real-time news, pricing, analytical services and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better trading and investment decisions. Additional information is available at http://www.platts.com/.


About The McGraw-Hill Companies:


Founded in 1888, The McGraw-Hill Companies (NYSE:MHP) is a global information and education company providing knowledge, insights and analysis in the financial, education and business information sectors through leading brands including Standard & Poor's, McGraw-Hill Education, Platts, and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2009 were $5.95 billion. Additional information is available at http://www.mcgraw-hill.com/.


CONTACT:
Kathleen Tanzy
212-904-2860
Kathleen_tanzy@platts.com


Source: Platts

CONTACT: Kathleen Tanzy, +1-212-904-2860, Kathleen_tanzy@platts.com; or
non-U.S. media in Europe: Shiona Ramage, +44207-1766153,
Shiona_Ramage@platts.com; or in Asia, Casey Yew, +65-653-06552,
Casey_Yew@platts.com


Web Site: http://www.platts.com/

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Addax Petroleum Announces Significant New Discovery in Nigeria

28 Jan 2009 15:02 Africa/Lagos

Addax Petroleum Announces Significant New Discovery in Nigeria

CALGARY, Canada, January 28/PRNewswire-FirstCall/ --


- Exploration Success With Njaba Discovery in Onshore OML124 License Area


Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX:AXC and LSE:AXC) today announces a significant onshore oil discovery from the Njaba 2 well (formally Okaka) currently drilling in the eastern part of the OML124 license area in Nigeria. Addax Petroleum has a 100 per cent working interest under a Production Sharing Contract covering the OML124 license area, whereby the Nigeria National Petroleum Corporation is the concessionaire. Addax Petroleum currently produces approximately six thousand barrels per day from the Ossu and Izombe fields in OML124, which is located within the stable and peaceful Imo State.


Commenting, Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum said: "I am extremely proud to report an excellent start to 2009 with this successful exploration result in Nigeria as it is a leading discovery that has the potential to be one of our largest fields in Nigeria. The Njaba discovery is the first exploration well to be drilled in OML124 since the mid-80's and these results will increase the production potential of the license area considerably, as well as significantly upgrade the remaining undrilled prospects. This onshore discovery is a further example of Addax Petroleum's commitment to development in Nigeria. In addition, this recent success represents yet another highlight for our highly prolific Nigerian operations as it will strengthen our record of growth in Nigeria and it underpins our robust and consistent operational performance."


The Njaba discovery was consistent with pre-drill estimates having encountered four oil bearing reservoirs totaling 289 feet of gross oil column, including the two main individual gross columns of 149 feet and 115 feet of between 20 degrees and 28 degrees API at depths from 990 to 1,050 metres. Production from the Njaba discovery can be readily tied in as the Corporation has existing production facilities and infrastructure in the OML124 license area. Addax Petroleum continues to drill into secondary, lower sections relative to the newly discovered oil bearing intervals and plans to carry out a test of the main reservoirs. The Corporation also plans to drill an additional appraisal well down-dip of the discovery which may further enhance the recoverable reserves from Njaba.


About Addax Petroleum


Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on Africa and the Middle East. Addax Petroleum is one of the largest independent oil producers in West Africa and has increased its crude oil production from an average of 8,800 bbl/d for 1998 to an average of approximately 134,000 bbl/d for the first nine months of 2008. Further information about Addax Petroleum is available at http://www.sedar.com, http://www.londonstockexchange.com or the Corporation's website, http://www.addaxpetroleum.com.


Legal Notice - Forward-Looking Statements


Certain statements in this news release constitute forward-looking statements under applicable securities legislation. Such statements are generally identifiable by the terminology used, such as "anticipate", "believe", "intend", "expect", "plan", "estimate", "budget", "outlook", "may", "will", "should", "could", "would" or other similar wording. Forward- looking information in this news release includes, but is not limited to, drilling plans, including testing of previously drilled wells, results of exploration activities and dates by which certain areas may be developed or may come on-stream. By its very nature, such forward-looking information requires Addax Petroleum to make assumptions that may not materialize or that may not be accurate. Forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information. Such factors and assumptions include, but are not limited to: the results of exploration and development drilling and related activities; imprecision of reserves and resources estimates, ultimate recovery of reserves, prices of oil and natural gas; general economic, market and business conditions; industry capacity; competitive action by other companies; fluctuations in oil prices ; refining and marketing margins; the ability to produce and transport crude oil and natural gas to markets; the effects of weather and climate conditions; fluctuation in interest rates and foreign currency exchange rates; the ability of suppliers to meet commitments; actions by governmental authorities, including increases in taxes; decisions or approvals of administrative tribunals; changes in environmental and other regulations; risks attendant with oil and gas operations, both domestic and international; international political events; expected rates of return; and other factors, many of which are beyond the control of Addax Petroleum. More specifically, production may be affected by such factors as exploration success, start-up timing and success, facility reliability, reservoir performance and natural decline rates, water handling, and drilling progress. Capital expenditures may be affected by cost pressures associated with new capital projects, including labour and material supply, project management, drilling rig rates and availability, and seismic costs. These factors are discussed in greater detail in filings made by Addax Petroleum with the Canadian provincial securities commissions.


Readers are cautioned that the foregoing list of important factors affecting forward-looking information is not exhaustive. Furthermore, the forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, Addax Petroleum does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this press release is expressly qualified by this cautionary statement.


For further information: Mr. Craig Kelly, Investor Relations, Tel.: +41-(0)-22-702-95-68, craig.kelly@addaxpetroleum.com; Mr. Chad O'Hare, Investor Relations, Tel.: +41-(0)22-702-94-10, chad.o'hare@addaxpetroleum.com; Ms. Marie-Gabrielle Cajoly, Press Relations , Tel.: +41-(0)22-702-94-44, marie-gabrielle.cajoly@addaxpetroleum.com; Mr. Nick Cowling, Press Relations, Tel.: +1-(416)-934-80 11, nick.cowling@cossette.com; Mr. James Henderson, Press Relations, Tel.: +44-(0)20-7743-6673, james.henderson@pelhampr.com; Mr. Mark Antelme, Press Relations, Tel.: +44-(0)20-3178-6242, mark.antelme@pelhampr.com/


Source: Addax Petroleum Corporation

For further information: Mr. Craig Kelly, Investor Relations, Tel.: +41-(0)-22-702-95-68, craig.kelly@addaxpetroleum.com; Mr. Chad O'Hare, Investor Relations, Tel.: +41-(0)22-702-94-10, chad.o'hare@addaxpetroleum.com; Ms. Marie-Gabrielle Cajoly, Press Relations, Tel.: +41-(0)22-702-94-44, marie-gabrielle.cajoly@addaxpetroleum.com; Mr. Nick Cowling, Press Relations, Tel.: +1-(416)-934-80 11, nick.cowling@cossette.com; Mr. James Henderson, Press Relations, Tel.: +44-(0)20-7743-6673, james.henderson@pelhampr.com; Mr. Mark Antelme, Press Relations, Tel.: +44-(0)20-3178-6242, mark.antelme@pelhampr.com/



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