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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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