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October 25, 2024 Akwa Ibom Petroleum Monitoring Committee Begins Interface with Stakeholders

Akwa Ibom Petroleum Monitoring Committee Begins Interface with Stakeholders

In its avowed commitment to ensure availability of petroleum products in the State, the Petroleum Products Monitoring Committee (PPMC)has been engaging with various stakeholders in the sector.

In a recent familiarization tour, the committee met with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Eket and Virgin Forest Energy in Mbo to discuss potential collaborations.

The EKPO-led committee thanked NMDPRA for a warm reception and called for a partnership to address key challenges in the petroleum sector, including unavailability, diversion, adulteration, and under-dispensing

NMDPRA’s State Coordinator, IKECHUKWU ESEKA, welcomed the partnership and attributed product shortages to deliberate acts by Petroleum stakeholders.  He said the government initiative to establish petroleum depots in the state was laudable. He advised the committee to establish a standard laboratory to test the authenticity of petroleum derivatives.

Ekpo commended Virgin Forest Energy for building a tank farm in Mbo, which has added value to the community, and solicited partnerships to sell subsidized petroleum products to marketers.

 The Facility Manager VICTOR OMOTE appreciated the committee’s visit and highlighted challenges, including N2 billion spent on dredging due to low water capacity.

In a subsequent meeting with IPMAN, key stakeholders in the sector, EKPO sued for cooperation in curbing sector irregularities. He also reiterated the committee’s zero-tolerance policy for illegality, warning that lifting unauthorized products will not be tolerated.

In his remarks, IPMAN’s national ex-officio,Sir MICHAEL UDOFIA,praised the Governor for establishing the petroleum task force, which has significantly reduced harassment from security operatives and brought peace to the sector.

Addressing the harassment claims by marketers, ACP Kenneth Egbo, assured fair treatment and investigation of these claims.

October 22, 2024 Dangote Heads to Court to Court to Annul Import Licenses of NNPCL, Ors.

Dangote Heads to Court to Court to Annul Import Licenses of NNPCL, Ors.

Dangote Refinery has approached the Federal High Court in Abuja, seeking to annul the import licences granted to the Nigerian National Petroleum Company Limited, NNPCL, Matrix Petroleum Services Limited, and A. A. Rano.

Dangote, in the petition, informed the court that the NNPCL and the above-mentioned companies obtained the licence to import petroleum products despite the production of AGO and Jet-A1 that exceeds the current daily consumption of petroleum products in Nigeria by the Dangote Refinery.

Dangote Refinery’s case also seeks 100 Billion Naira in damages from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA.

Furthermore, Dangote Refinery alleged that the NMDPRA has been improperly granting import licences to the companies for the importation of petroleum products, including AGO and jet fuel, into Nigeria.

October 17, 2024 Governor Umo Eno To Launch Employment Portal, October 21

Governor Umo Eno To Launch Employment Portal, October 21

As part of fulfilling his promise to the Youths of Akwa Ibom State, Governor UMO ENO is set to launch the Arise Youth Employment Portal on Monday, October 21, 2024.

The portal, an online platform, is where unemployed and underemployed youths in the State can register to access employment opportunities and training support from both the Akwa Ibom State Governmentand the Organized Private Sector.

Speaking during the portal pre-launch media engagement at the Government House, Uyo, the Chief Press Secretary to the Governor, Mr. EKERETE UDOH, urged the Akwa Ibom Youth to key into the initiative, and register when it is launched.

Speaking more on the features of the Portal, the Senior Special assistant to Governor UMO ENO on Information and Communication Technology, ICT, Mr. FRANK EKPEYONG, stressed that the Employment Portal will provide the youths access to current job opportunities.

The portal when launched will be opened to applicants who must be indigenes of Akwa Ibom State and are currently unemployed or seeking employment.

It will serve as the official platform for the recruitment into the Akwa Ibom State Civil Service, the 5,000 youths across the 31 Local Government Areas for the 50,000 naira monthly empowerment, the Dakkada Skill Acquisition Training Programmes and recruitment into the Ibom Community Watch among others.

October 16, 2024 NNPCL Announces Sale of Petrol to IPMAN at N995/Litre

NNPCL Announces Sale of Petrol to IPMAN at N995/Litre

The Nigerian National Petroleum Company Limited – NNPCL has announced the sale of petrol to the Independent Petroleum Marketers Association of Nigeria – IPMAN at a price of 995 Naira per litre.

The decision followed the intervention of the Department of State Services (DSS) in the ongoing dispute between the two parties. The National Vice President of IPMAN, HAMMED FASHOLA, confirmed that the DSS’s involvement helped resolve several issues affecting marketers.

He stated that the Nigerian Midstream and Downstream Petroleum Regulatory Authority agreed to pay the association’s outstanding 10 billion naira and addressed concerns regarding the direct purchase of petrol from Dangote Refinery.

FASHOLA added that the new ex-depot price of 995 naira would allow IPMAN members to sell petrol at rates more competitive with major marketers, although transportation costs could still influence local prices.

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