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Nigeria Can Build A New Refinery In 16 Days – PENGASSAN

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oil&gas

 

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has lamented the federal government’s attitude to the building of new refineries, describing as flimsy any excuses given on funding.

The umbrella body for oil workers in  the country stated that the federal government could have built new refineries if it wanted to as Nigeria’s crude output for 16 days can fund the building of a new refinery.

“To build a refinery today is about US$4 billion (N640 billion). We produce not less than 2.4 million barrel of crude oil on a daily basis and we sell at $108, which is the price all over the world. Going by that calculation, we are making about N41.2 billion daily,” Mr. Folorunsho Ogini, Chairman, PENGASSAN, Lagos Zone told Vanguard in an interview.

Ogini also decried the in the passage of the Petroleum Industry Bill, a bill he noted would address some of the challenges Nigeria’s oil and gas sector faces.

“The question is; why is the PIB not signed into law? Who is afraid of the PIB? These people know quite well that if PIB is signed into law, all these problems confronting the nation’s oil and gas sector have been addressed by the bill.

“These refineries we are talking about, they were built pre-1989 and those who built the refineries recently declared that the technologies used in those refineries had been phased out. What is stopping us from building more refineries?

“The next question you will ask is, where is this money going? When you look at our roads, it is nothing to write home about. In the issue of Education, you are living witnesses to when lecturers went on strike for over five months. Electricity; we do not have and infrastructure generally, in every ramification, you cannot equate us with ordinary Ghana.

“The question that is begging for an answer is, if you are making over N41 billion daily, why is poverty still ravaging the country? We have the capacity to produce more than 2.4 million barrels per day, but because of the ceiling by the Organisation of Petroleum Export Countries, OPEC, which we are a member,” said Ogini.

“Singapore is a country that does not have crude oil, they import, yet they have about 62 refineries. They buy the crude, refine and make huge profit. Why is that Nigeria, that has the crude and the manpower is wasting because we cannot build refineries.”

The PIB if passed, according to Ogini will also address the problems confronting the nation’s refineries and how to make the refineries work, with a Turn Around Maintenance, TAM already scheduled.

The contents of the PIB which portrays a great future for the country’s oil and gas sector informed PENGASSAN’s decision to kick against the sale of the refineries, according to Ogini.

“What many people do not know is that, the PIB has already taken into consideration all that is needed for our refineries to work and be a success story. Do you know what, we discovered that government wanted to rush the sale of the refineries because all the spare parts for the TAM are already in the ship coming to Nigeria and will arrive at any moment?

“That was why some people were pressuring government to sell the refineries as scraps so that when the spare parts come, they would take the spare parts to do the TAM and tell Nigerians that they have done the magic and that the refineries are now working.

“We have been talking about TAM for more than 10 years. Late General Sani Abacha awarded the contract twice for the TAM, but nobody did anything in spite the fact that the contract sum was paid. Till today, government has not apprehended anybody.

“We insisted that no, you cannot sell the refineries, you must wait for the spare parts to come, do the TAM and let us see what would happen next. Because they are people that want to rip off the nation from the sale, they were pressuring the government,” the Lagos PENGASSAN chairman said.

 

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2 Comments

2 Comments

  1. Aderemi

    February 4, 2014 at 10:02 pm

    Thats good, its what we need now that America has discovered oil
    check out my site on http://www.remspot.com.ng

  2. ukoba akhere

    February 5, 2014 at 12:22 pm

    Here will re Jonathan is fighting for second tenure wen der is a lot to do for d people is like let us try APC and let forget about PDP

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“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” – Brother Claims

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“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” - Brother Claims
Oke

Oke

Information Nigeria recalls a graphics designer identified as Oke, was killed hours after tweeting “Nigeria will not kill me” on Wednesday.

It was reported that the young man had passed away after he was hit by a stray bullet.

The deceased’s younger brother, Daniel has come out to clear the air regarding the circumstances leading to his death.

Daniel revealed his brother was stabbed on the neck by thugs who infiltrated and ransacked their home.

In his words;

Good day, My name is Obi-Enadhuze Daniel younger brother of the now deceased Okechukwu Obi-Enadhuze @O_Okee . I, my brother and mother lived at makinde police barracks, mafoluku, Oshodi, Lagos State.

Today at about 11 o’clock in the morning the police station at makinde was attacked by thugs who wanted to destroy the station, I my mom and brother were holed up in our house.

 The attack went on for hours before the thugs eventually breached the police and proceeded to set the station on fire, after accomplishing this they set their sights to the barracks and began the assault, they proceeded to destroy every car in the barracks, my mom’s 2 cars where destroyed and set on fire and then they infiltrated our house by breaking the door they then proceeded to ransack the house and carted away with everything we own. 

 my brother on trying to get them to take everything but spare us was pushed to my mom’s room and stabbed on the neck, the attacker then proceeded to attack me but missed my neck but got my chin instead, after this my mom and I carried my brothers body to the entrance of the station soliciting for help from the thugs still ravaging the barracks, we were finally able to put him in a wheelbarrow and took him to a hospital where he was rejected because “he was already dead” unfazed we moved him to another hospital where he met the same treatment this was where he bled his last drops of blood and died, his body has now been moved to a morgue

we have lost every single thing we own, as our house was completely ransacked and set on fire the only thing left is my brothers phone and at about 8 o’clock this evening the barracks was still on fire but Okechukwu has paid with the ultimate price

I and my mother are homeless with nothing now but we’re safe for now, we thank everyone that has been able to reach out to us, and were able to share consoling words with us in these trying times, God bless you

While we were holed up in the house the three of us said these words together and we say it again ” THREE OF US ARE HERE, THREE OF US ARE TOGETHER, THREE OF US ARE SAFE”

Let it be known that my brother @O_Okee  was NOT killed by a police bullet but died a hero protecting my mother and I.

If you see this please retweet, let the world know how Okechukwu died. He was NOT killed by a police bullet but thugs in his home!”

Read Also: RIP Oke: Barely 3hours After Tweeting “Nigeria Will Not End Me” #EndSARS Protester Dies From Gunshot

See his post below:

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Youths Burn Down Sanwo-Olu’s Mother’s House In Lagos (VIDEO)

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Youths Burn Down Gov Sanwo-Olu’s Mother’s House In Lagos (VIDEO)

Youths Burn Down Gov Sanwo-Olu’s Mother’s House In Lagos (VIDEO)Lagos youths have set the family house of Governor Babajide Sanwo-Olu on fire.

This was after the Governor said that no nobody was killed during the shooting by soldiers at Lekki Toll Gate on Tuesday night.

Sanwo-Olu had debunked claims that the soldiers opened fire and killed some peaceful protesters.

Recall that men of the Nigerian Army reportedly opened fire on protesters following the declaration of 24 hours curfew by the Lagos State Governor, Babajide Sanwolu.

Bullets fired by security operatives hit some persons and at least two persons have been confirmed killed by the police and many injured

Voices in viral footage blamed the shootings on soldiers.

However, the angry youth attacked several important places such as Nigeria Port Authority, TVC News, and the family house of the Governor where his mother resides.

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#LekkiMassacre: Hoodlums Storm TVC Station In Lagos; Set Properties On Fire (Video)

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#LekkiMassacre: Hoodlums Storm TVC Station In Lagos; Set Properties On Fire (Video)
Properties in the conpound on fire

Properties in the compound on fire

Hoodlums have reportedly invaded the headquarters of popular news station, TVC, believed to be owned by National Leader of APC, Bola Tinubu.

According to reports, the staff of the news station are being trapped in the building located in Lagos.

Videos circulating online shows that properties in the compound have also been set ablaze.

The news station is currently off air and this comes hours after Nigerians accused the Lagos politician of having a hand in the #LekkiMassacre.

Information Nigeria recalls security agents had opened fire at peaceful #EndSARS protesters at Lekki Tollgate on Tuesday.

In a video circulating online, the anchors of one of the shows, ‘Your View’ were heard saying that there were hoodlums at their gate trying to break into the premises.

Read Also: #EndSARS: Nigerian Army Denies Shooting At Protesters In Lekki

Watch the video clips below:

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