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FG licenses 23 modular refineries

The validity of the licence to establish a refinery or plant shall be for a period of two years after which it shall lapse.The licensing of 18 private refineries by former President Olusegun Obasanjo in 2005 could not achieve any result as they eventually constituted themselves into the Association of Private Petroleum Refinery Owners of Nigeria.

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Managing Nigeria’s Petroleum assets at 55

As we marked Nigeria’s 55th Independence anniversary two days ago in what was low key, we examine with introspection our journey in nationhood and how patriotic or otherwise we have been or would have been in managing our petroleum resources and assets for the greatest good for the greatest number. It is time to acknowledge the fact that management bandwidths are determined by individual capabilities.

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PIB: Please invite Buhari

Nigeria has now become a Buhari that is very enigmatic when we discuss how and what Nigeria should be, and in which direction she should be headed. In all spheres of Nigeria’s bureaucracy today the mention of that name Buhari conjures the image of a spirit that is everywhereand watching everybody. People now go to work early;though some on their desks actually pretend to be busy doing nothing.

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Don’t foreclose Petroleum Products Subsidy discourse (1)

For some years now the discussion had been on whether petroleum products subsidy would remain or not in Nigeria. Knowledgeable persons in the industry have made useful contributions based on their understanding of the concept. Issues of subsidies could be viewed either from the producer or the consumer side. We may also examine subsidy in the context of what it is actually meant for and who benefits.

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Beyond the Niger Delta Amnesty

The Willink’s Commission of July 1958 was to enquire into the the fears of the minorities and the means of allaying them in the Nigerian Federation. A mixture of governments from General Yakubu Gowon in 1967,General Murtala in 1976, General Ibrahim Babangida in 1987 and 1991 to the late General Sani Abacha in 1996 created States. Before then the civilian government of Sir Abubakar Tafawa Balewa created the Mid-West Region in 1963.

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Oil glut rages, no market for Nigerian crude

With the Yom Kippur War of 1973, the United States banned the export of crude oil to any part of the globe except refined petroleum products. For memory sake the Yom Kippur War also known as the Arab –Israeli War elicited an embargo of oil by Arab members of the Organisation of Petroleum Exporting Countries (OPEC) on October 17, 1973 against the United States for its support of Israel during the war.

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NNPC: So Refineries Can Work?

Call it facing the realities of change that seemed impossible before now and you may not be wrong. Let us again remind the NNPC that refineries are national assets that should be guarded jealously. With potentials for up to 6000 investment opportunities when we refine a barrel of crude, our refineries are strategic for energy, technology, employment, skills, increased GDP and government revenue.

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As I join vanguard…

My good friend and colleague Onochie Anibeze, Editor of the Saturday Vanguard, last week, approached me that as a regular and incisive contributor, it would be nice for me to write a column on Oil and Gas. He said my contributions were rich and written in a simple language that communicated well.

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