Macky Sall of Senegal arrives Lagos

Just goes to tell you how big of a deal the Dangote refinery is. Big ups to Alhaji Putin (he probably won't like the putin part of his surname ) He is continuing to prove African industrialists can also build and complete world class global projects.

GeneralDae:
Macky Sall of Senegal arrives Lagos

GeneralDae:
Macky Sall of Senegal arrives Lagos

All eyes on Dangote...
The men who developed Nigeria version




Bring your crude for discount prices

Obaaderemi2:
When you revert to insults I know you are hurting.

You insult kenya n our intelligence when you purport advice kenya...the Zoo need you

Nigeria hopeful of $32.5b oil projects as NNPC eyes 1.8mb/d in July

Nigeria may see the coming on stream of over $32.5 billion worth of oil and gas projects as the Nigeria National Petroleum Company Limited and International Oil Companies operating in the country yesterday show readiness to sign Final Investment Decisions (FIDs) on some projects.
The development is coming as the country is expected to see its oil production rise to 1.8 million barrels per day in July, amidst calls from industry stakeholders for the country to urgently address loopholes in the Petroleum Industry Act (PIA) and immediately finalize the Host Community fragment of the law.

The move also came as NNPC Limited said $3.8 billion has been paid to oil operators in the country to clear all outstanding Joint Venture (JV) cash-call debt.

The cleared outstanding, according to the NNPC, re-energised the JVs to recalibrate their focus towards sustaining production and increasing their spending to procure the necessary services required to do so.

Gathered in Yenagoa at the Nigerian Oil and Gas Opportunity Fair (NOGOF), organised by the Nigerian Content Development and Monitoring Board (NCDMB), the operators disclosed that Total Energies’ Ubeta, Preowei, Escravos Gas Plant Degasser Project, Chevron’s Agbami, Shell’s Bonga and ExxonMobil’s Owowo are coming on stream this year and would by 2024 push the country’s production to about three million barrels per day.

The concerns for the operators bordered on the need for the Nigerian government to urgently address challenges that diminish the bankability of the country’s energy industry, especially insecurity, crude theft, community issues, poor governance framework, sanctity of contracts, contractor capability, gas fiscals for deepwater and dry gas, projects economics as well as clear operationalization of the PIA fiscal system.

In terms of revenue, investment, production and reserves, the odds have been against Nigeria in the last eight years over investors’ divestment while funds move to other African countries.

The NCDMB at the programme was specifically worried about the declining state of the industry’s contribution to Gross Domestic Product (GDP) even as yearly contribution of oil to aggregate GDP in 2022 was 5.67 per cent compared to 7.24 per cent in 2021 while the sector which used to contribute about 80 per cent of total revenue dropped last year to 41 per cent.

On the expected oil projects in the sector, Managing Director of Shell, Osagie Okunbor said the company plans $19 billion in the next 10 years, adding that the projects are mainly in the areas of gas and deepwater and would add about 10,000 jobs.
Okunbor said about $3 billion would be spent in capital expenditure to grow domestic gas supply to power industries, petrochemical plants and commercial markets.

According to him, about $4 billion would be spent on onshore gas required to keep NLNG Trains 1-6 full and another $6 billion on shallow water offshore to grow supply to the new NLNG Train 7.

Okunbor, who put the deepwater spending at $6 billion said the growth is centred on near term opportunities, especially infill projects plus Bonga Main life Extension, midterm opportunities in Bonga North) and long term opportunities in Bonga South West and Nnwa-Doro.

NNPC Ltd’s Chief Upstream Investment Officer, Bala Wunti, who said the country’s production has risen to 1.5 million barrels per day and would hit budget projections of 1.8 in July, said FIDs are at the verge of being taken on Total Energies’ Ubeta, Preowei, Escravos Gas Plant Degasser Project, Chevron’s Agbami, Shell’s Bonga and ExxonMobil’s Owowo.

The sector is also looking to fully optimise the opportunities in the $3.5bn Agbami oilfield as well as the $10 billion Escravos Gas Plant Degasser Project.

The development, according to Wunti, would increase the nation’s crude oil production to about 3 million barrels per day in the light of the efforts being taken to address security concerns.

He disclosed that the company had leveraged its financial autonomy derived from the PIA to work out and execute a payment plan for the cash call debt while balancing its energy security obligations to the nation.

“This, by no small means, re-energised the JVs to recalibrate their focus towards sustaining production and increasing their spending to procure the necessary services required to do so,” Wunti said.

He noted that the country’s response to the security challenges through the deployment of industry-wide security architecture brought a holistic hydrocarbon infrastructure security architecture to tackle the issue of crude oil theft and vandalism of oil and gas assets.

According to him, the architecture comprises Government Security and Intelligence Agencies (GSIAs) supported by Private Security Contractors (PSCs) drawn from the Host Communities with vast knowledge of the terrains and the Communities.

Wunti added that the security operations are monitored and coordinated from a central command and coordination centre that leverages state-of-the-art technology to detect illegal activities and escalate to the front line for swift response in a timely, cost-efficient, and effective manner.



Speaking on Upstream Production Cost, he said Nigerian Upstream Cost Optimization Program (NUCOP) has brought synergy amongst upstream players in the country to drive down costs.

“Progress has been recorded with improvements in the contracting cycle and co-sharing of services amongst upstream operators,” he said.

Wunti noted that the drive to broaden local content and develop capacity in the upstream industry is non-negotiable, stressing that stakeholders must not relent as the opportunities abound, and many more are lined up with an expected uptake in drilling activities, demand for line pipes, and consumables essential for growing production output.

Executive Secretary of NCDMB, Simbi Wabote noted that Nigeria’s oil and gas sector could serve as the catalyst that would enable the country to achieve the desired double-digit GDP growth rate if operators were bold and disruptive in their strategy.

“One probable means through which double-digit GDP growth can be achieved is by harnessing the array of opportunities that exists in various categories enabled by the oil and gas industry,” he said.

According to him, opportunities driven by policies, guidelines, regulations, and statutes are attractive to investors as there is clarity on the framework governing their business endeavours.

Noting that gains are being recorded in the area of gas, Wabote said half of the local LPG requirement is however still being imported, adding that the consumption level is still far below the 4million tonnes consumption projected by the year 2025 under the National Gas Expansion Program (NGEP).

The Executive Secretary said: “These gaps in volumes and consumption spread present opportunities in local processing, storage depots, trucking, cylinders manufacturing, distribution pipelines, conversion kits, and many other opportunities.”

He said the agency has introduced and widened the options for accessing interventions further with the $300 million Nigerian Content Intervention Fund with BOI, $50 million Nigerian Content R& Fund, and a $50 million Nigerian Oil and Gas Park Scheme (NOGAPS) Manufacturing Fund.
“Over 70 companies have so far benefited from the intervention funds for asset acquisition, manufacturing, loan refinancing, and project financing. The forensic audit of remittances into the Nigerian Content Development Fund also opened up opportunities for 25 audit companies engaged to check the books of about 150 companies,” he said.

The Governor of Bayelsa State, Douye Diri said the pace at which the PIA is being implemented is unacceptable, adding that it remained saddening that the host community aspect of the law has not materialised.

Stressing that the document is skewed against the oil producing communities, Diri, represented by his Commissioner for Mineral Resources, Ebieri Jones said the integrity of oil pipelines in the region is questionable.

Disclosing that a recent gas spill and recurring incidents show that the national oil company may be wanting in maintaining its infrastructure.
Also speaking at the event, the Group Managing Director of the NNPC, Mele Kyari said Nigeria would be supplying about 300,000 barrels of crude per day to Dangote Refinery.

He disclosed that the government would not relent on the security approach to address oil theft, adding that all sectors remained the major revenue for the country as most industries in the country rely on the sector to survive.

rvp20182:
You insult kenya n our intelligence when you purport advice kenya...the Zoo need you

I will advice little India and the best you can do is hang yourself by the neck till you die.

GeneralDae:
Macky Sall of Senegal arrives Lagos

One pained monkey here said the refinery would never be completed. He thinks Nigeria is broke-ass little India. It's the same way he keeps wishing Eko Atlantic would never be completed but we would all be here to rub it on his ugly face when it happens, just like the refinery.

Obaaderemi2:
One pained monkey here said the refinery would never be completed. He thinks Nigeria is broke-ass little India. It's the same way he keeps wishing Eko Atlantic would never be completed but we would all be here to rub it on his ugly face when it happens, just like the refinery.

I remember when the refinery started, and they said it will never be completed.

God shame them all, one of the biggest project ever undertaken by an African in Africa.

I learnt 1,000 Nigeria engineers were expertise on refinery and petrochemicals construction.

Luzebox:
900 cedis..I meant..it was a typo ...that is poverty in Ghana...wen a loaf of bread is 10 to 13 cedis...that is just on daily survival...removing rent.. emergencies..savings etc..3$ per day in Ghana is still a joke...u basically need at least 10$ in Ghana to be considered not poor..except u live in the village side

Now look at this and come again

Obaaderemi2:
One pained monkey here said the refinery would never be completed. He thinks Nigeria is broke-ass little India. It's the same way he keeps wishing Eko Atlantic would never be completed but we would all be here to rub it on his ugly face when it happens, just like the refinery.

Lol. Refinery is completed, although I believe it's not at full capacity and Dangote would confirm to us the start date for production (most likely June).
Eko Atlantic is also moving well.

Nor mind rvp2018 😄

Shaytun:


I remember when the refinery started, and they said it will never be completed.

God shame them all, one of the biggest project ever undertaken by an African in Africa.

I learnt 1,000 Nigeria engineers were expertise on refinery and petrochemicals construction.

God really shamed them. They underestimated the ability of the true Nigerian.

Yes, Nigeria has many qualified refinery and petrochemical construction engineers because we are a major oil producing country and we've been having our people trained since 1956 from the days of Oloibiri.

vankelvin:

Now look at this and come again

This is 3 times of what it is in Kenya

vankelvin:

Now look at this and come again

Don't be obsessed with Kenya. The guy is Nigerian and he speaks for himself.

Just40:
This is 3 times of what it is in Kenya

Don't worry about Kenya, we are not the key to Ghanaian or Tanzanian prosperity.

newly completed flyover by the Masari-led administration at GRA Roundabout in Katsina Metropolis. It was started 10 months ago.

GeneralDae:

Lol. Refinery is completed, although I believe it's not at full capacity and Dangote would confirm to us the start date for production (most likely June).
Eko Atlantic is also moving well.

Nor mind rvp2018 😄

Dangoteland...how has it help you cement or sugar...situation. what are you celebrating

rvp20182:
Dangoteland...how has it help you cement or sugar...situation. what are you celebrating

Rich coming from a country with sugar shortages as we speak and people are joining queues 3 days long just to buy a small gram of sugar like in Soviet Russia

Just40:
Rich coming from a country with sugar shortages as we speak and people are joining queues 3 days long just to buy a small gram of sugar like in Soviet Russia

mad cow wait until we turn to you broke country..the Zoo is capable of defending itself n also own you..Dangoteland extend all way to your slavery kimgdom

rvp20182:
mad cow wait until we turn to you broke country..the Zoo is capable of defending itself n also own you..Dangoteland extend all way to your slavery kimgdom

lunatic rant

Go and queue for your next sugar dose in that Bankrupt zoo of yours

Tafawa Balewa Link


https://www.youtube.com/watch?v=BeJ608s5ztk

Little Zoo that import all it's sugar has no shame speaking about kenya - which has huge sugar production - of 650K metrica tonnes against 1.15m consumption.

Ghana’s sugar industry is virtually fully dependent on imports. Local production remains negligible at a mere 150 tonnes in 2013 according to the UN data, and there’s a mere 6,000 hectares of sugar plantation in existence.

With two sugar mills in Asutsuare and Komenda, these facilities have been lying idle since 1983 largely due to inefficient management. However, the Komenda Sugar Factory was revived in 2015 and 2016 – but was shut down shortly after due to lack of raw materials

Just40:
lunatic rant

Go and queue for your next sugar dose in that Bankrupt zoo of yours

rvp20182:
Little Zoo that import all it's sugar has no shame speaking about kenya - which has huge sugar production - of 650K metrica tonnes against 1.15m consumption.

Ghana’s sugar industry is virtually fully dependent on imports. Local production remains negligible at a mere 150 tonnes in 2013 according to the UN data, and there’s a mere 6,000 hectares of sugar plantation in existence.

With two sugar mills in Asutsuare and Komenda, these facilities have been lying idle since 1983 largely due to inefficient management. However, the Komenda Sugar Factory was revived in 2015 and 2016 – but was shut down shortly after due to lack of raw materials

Diversionary tactics


Your zoo can't even buy sugar such that there is shortages everywhere.
Why must Kenyans suffer to queue for everything, that Is a horrible way to live.

Ghana sugar consumption is 360,000 metric tonnes. I learnt every food in Kenya has sugar in it and that is why you guys consume 4 times more sugar than Ghanaians. 🤣😂

No wonder your men sell their wives for sex tourism 😂🤣

Mad cow, Ghana consume anything upto 870,000 metric tonnes but are too lazy and daft to plant your own sugar cane.

Just40:
Diversionary tactics


Your zoo can't even buy sugar such that there is shortages everywhere.
Why must Kenyans suffer to queue for everything, that Is a horrible way to live.

Ghana sugar consumption is 360,000 metric tonnes. I learnt every food in Kenya has sugar in it and that is why you guys consume 4 times more sugar than Ghanaians. 🤣😂

No wonder your men sell their wives for sex tourism 😂🤣

rvp20182:
Mad cow, Ghana consume anything upto 870,000 metric tonnes but are too lazy and daft to plant your own sugar cane.

make it up, lunatic, as you go along

This is what you're good at, conjuring numbers out of your asshole 😂🤣

No wonder Kenyans are buying 5Kg sugar for 10 dollars.. 🤣😂

Ghana's attention to Science, Maths, Engineering and Technology is paying off as the country bags a 300 million dollars data center will support AI development across Africa. A one of it kind facility

It will be one of the largest in Africa

vankelvin:

Now look at this and come again

still missing the point that amount can get u way more in kenya than ghana..do u agree or not?...

Shaytun:
newly completed flyover by the Masari-led administration at GRA Roundabout in Katsina Metropolis. It was started 10 months ago.

Here is another similar project Completed Katsina Underpass built to decongest traffic in that intersection - Katsina State: Northern Nigeria

Luzebox:
still missing the point that amount can get u way more in kenya than ghana..do u agree or not?...

It will get you much more in Ghana than in Kenya

Sugar consumption is one best indicator of wealth - the fact that Ghanian cannot afford to plant or consume shows how poor it's people are.

You can almost draw a direct link btw rich and poor nations by looking at sugar consumption

https://www.indiansugar.com/PDFS/World_per_Capita_Consumption_of_Sugar.pdf

Just40:
make it up, lunatic, as you go along

This is what you're good at, conjuring numbers out of your asshole 😂🤣

No wonder Kenyans are buying 5Kg sugar for 10 dollars.. 🤣😂

rvp20182:
Sugar consumption is one best indicator of wealth - the fact that Ghanian cannot afford to plant or consume shows how it it is.

You can almost draw a direct link btw rich and poor nations by looking at sugar consumption

https://www.indiansugar.com/PDFS/World_per_Capita_Consumption_of_Sugar.pdf

Lol..from the table u presented, do u now agree that Sudan is wealthier than Kenya. Since ‘Sugar consumption is one best indicator of wealth ’?

Nigeria's $2.8 Billion Trans Nigerian Gas Pipeline Project set for Completion.

https://www.youtube.com/watch?v=-txpTiU9Eaw