Business
NNPC Ltd Reaffirms Progress on Port Harcourt Refinery and Addresses Misleading Claims
Published
1 week agoon
NNPC Ltd Reaffirms Progress on Port Harcourt Refinery and Addresses Misleading Claims
The Board and Management of the Nigerian National Petroleum Company Limited (NNPC Ltd) express heartfelt appreciation to Nigerians for their support and excitement over the safe and successful restart of the 60,000 barrels-per-day Old Port Harcourt Refinery. This achievement marks a significant step forward after years of operational challenges and underperformance.
We are, however, aware of unfounded claims by certain individuals suggesting that the refinery is not producing products. For clarity, the Old Port Harcourt Refinery is currently operating at 70% of its installed capacity, with plans to ramp up to 90%. The refinery is producing the following daily outputs:
Straight-Run Gasoline (Naphtha): Blended into 1.4 million liters of Premium Motor Spirit (PMS or petrol)
Kerosene: 900,000 liters
Automotive Gas Oil (AGO or Diesel): 1.5 million liters
Low Pour Fuel Oil (LPFO): 2.1 million liters
Liquefied Petroleum Gas (LPG): Additional volumes
It is worth noting that the refinery incorporates crack C5, a blending component from our sister company, Indorama Petrochemicals (formerly Eleme Petrochemicals), to produce gasoline that meets required specifications. Blending is a standard practice in refineries globally, as no single unit can produce gasoline that fully complies with any country’s standards without such processes.
Additionally, we have made substantial progress on the new Port Harcourt Refinery, which will begin operations soon without prior announcements.
We urge Nigerians to focus on the remarkable achievements being realized under the able and progressive leadership of President Bola Tinubu and to support efforts aimed at delivering more dividends to the nation. Malicious attacks on clear progress only undermine the significant strides made by NNPC Ltd and the country.
Let us move forward together in building a stronger and more self-sufficient energy sector.
Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd
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DISCLAIMER: HOUSE OF REPS PANEL ALLEGEDLY SHOCKED BY FEDERAL POLYTECHNIC UGEP’S EXPENDITURE
Published
49 seconds agoon
December 4, 2024DISCLAIMER: HOUSE OF REPS PANEL EXPRESSES SHOCK AS FEDERAL POLYTECHNIC UGEP WITH 142 STUDENTS SPENDS OVER N600M ON PERSONNEL, OVERHEAD.
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20-Day Christmas Festival Launches in Style at MMA2 with Optiva Capital and Partners
Published
19 hours agoon
December 3, 202420-Day Christmas Festival Launches in Style at MMA2 with Optiva Capital and Partners
The festive season officially arrived in grand style at the Murtala Muhammed Airport Terminal 2 (MMA2) as Optiva Capital Partners, Africa’s premier wealth management and retention firm, alongside MBR Signature and Bi-Courtney Aviation Services, lit up the terminal in a dazzling display of Christmas lights and decorations. The ribbon-cutting ceremony, which signified the kickoff of the highly anticipated 20-Day Christmas Festival, marked the beginning of an unforgettable holiday experience for travelers and visitors alike.
A Spectacle of Light and Joy
The event, aptly dubbed the Light-Up Show, transformed MMA2 into a radiant wonderland. From the moment the ribbon was cut, the terminal came alive with the warm glow of thousands of twinkling Christmas lights. Guests marveled as the once-familiar terminal was reimagined into a festive haven, complete with stunning ornaments, towering Christmas trees, and breathtaking installations that captured the magic of the season.
The lighting of MMA2 was complemented by enchanting Christmas carols, with a standout performance of “That’s Christmas to Me” a song originally performed by the Pentatonix Group. Adding to the festive cheer, Precious Emmanuel, a talented and rising musical sensation, delivered soulful renditions that beautifully aligned with the spirit of the season. Known for his rich, melodious voice and emotive performances, Precious captured the hearts of the audience with songs that evoked the warmth and joy of Christmas. Flash mobs thrilled audiences in the departure lounge, seamlessly blending into the excitement with spontaneous dance routines, while renowned comedian Kenny Black added a dose of laughter, rounding out a perfect evening that set the tone for the celebrations ahead.
Uniting Communities Through Celebration
The Christmas Festival, a first-of-its-kind event in Nigeria, is a collaboration that underscores the power of partnerships—an embodiment of the United Nations Sustainable Development Goal 17. It’s more than just a celebration; it’s a testament to how businesses can come together to create experiences that unite communities, foster economic growth, and enhance travel moments.
Speaking at the Light-Up Show, Dr. Jane Kimemia, CEO of Optiva Capital Partners, shared her excitement:
“This lighting ceremony is symbolic of what this festival represents—hope, joy, and connection. At Optiva Capital Partners, we believe in creating memorable experiences that go beyond wealth creation. Through this festival, we are giving back to the community where we operate bringing the magic and wonder of Christmas. and the richness of its culture, proving that the magic of Christmas can be experienced right here at home.”
Bringing Christmas Home
Dr. Kimemia further emphasized how the festival aligns with Optiva’s mission of creating global access and enriching lives.
“For families who usually travel abroad for Christmas festivities, we’re bringing that wonder to Lagos. MMA2 is not just a transit hub during these 20 days—it’s a destination where families, friends, and communities can come together to make unforgettable memories.”
Rekindling the Spirit of the Holidays
Stanley Ezeani, Managing Director of MBR Signature and the visionary behind the festival, expressed his excitement as the Christmas Festival officially commenced. “The magic of Christmas is alive once more, and we’re thrilled to welcome members of the public to experience it firsthand. Through this festival, we’ve brought cherished traditions to life while creating new ones, ensuring everyone can enjoy the wonder and joy of the season. With MMA2 now lit up and brimming with activities, it’s the perfect destination to immerse yourself in the true essence of Christmas.”
Adding to the sentiments, Kola Bamigboye, Acting Chief Operating Officer of Bi-Courtney Aviation Services, celebrated the collaboration. “This partnership with Optiva Capital Partners and MBR Signature is proof of what we can achieve when we work together. The Light-Up Show and the activities to come will spread joy and unite our community during the most wonderful time of the year.”
What’s Ahead?
The 20-Day Christmas Festival at MMA2 is brimming with activities designed to captivate all ages. The festival features live music and comedy performances that promise to entertain visitors of all ages. Families can explore the enchanting Santa Claus Grotto, a magical space for children and parents to create joyful memories together. Guests will also enjoy festive treats and a free-to-play grand piano for skilled travelers who personally wish to give fellow travelers a melodious experience. Adding to the excitement are captivating performances by artists, ensuring a truly unforgettable experience.
With the lights now officially on and the festivities in full swing, travelers passing through MMA2 are in for a Christmas season like no other—one filled with warmth, joy, and the magic of shared experiences.
About Optiva Capital Partners
Optiva Capital Partners is a premier wealth management and retention firm offering bespoke solutions in four areas of specialization – investment immigration, investment advisory, insurance, and international real estate.
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PORT HARCOURT REFINERY AND THE TRUTH WE MUST KNOW* By Eguono King
Published
4 days agoon
November 30, 2024*PORT HARCOURT REFINERY AND THE TRUTH WE MUST KNOW*
By Eguono King
The story of the Port Harcourt Refinery’s alleged operation is one that stands out as a significant lesson in the developing tale of Nigeria’s petroleum industry. It is replete with deceit, laced with ineptitude, and a violation of public confidence. The Nigerian National Petroleum Company Limited’s (NNPCL) Group Chief Executive Officer (GCEO), Mele Kyari, has once again demonstrated that he is better at publicity stunts than at executing true leadership. His recent statements regarding the refinery are not only false, but they also represent a larger systemic breakdown that jeopardizes the future of Nigeria’s oil industry.
It would take just a little digging to unpack the layers of deception surrounding the Port Harcourt Refinery. Kyari’s role in perpetuating this fraud is now very clear to President Tinubu to see him for what he truly is: an inherited problem from the Buhari administration who must be pruned from his administration and held accountable for the grave injustice done to Nigerians. The oil sector is too critical to Nigeria’s economy and national security to be left in the hands of unaccountable individuals.
It would be important to understand that the Port Harcourt Refinery has long served as a representation of Nigeria’s faltering oil sector. Once a ray of hope for the country’s ability to produce its own refined petroleum products, it has been enmeshed in political mismanagement, corruption, and operational inefficiency for decades. Nigerians are now dependent on imported petroleum products since the refinery has not lived up to expectations despite billions of dollars in alleged “rehabilitation” works.
In this context, many knowledgeable observers already viewed Kyari’s statement of the refinery’s purported functionality with skepticism. And rightly so: further investigation has shown that the refinery has not actually started refining Premium Motor Spirit (PMS) as stated. Rather, the entire story seems to have been made up to score cheap political points and divert attention away from the NNPCL leadership’s persistent failure.
The scope of this fraud that NNPCL masterminded under Kyari’s direction is demonstrated by a two-phased reports.
Firstly, a quick observation of this charade highlights a stark similarity between the Port Harcourt Refinery and the doomed Nigeria Airways project. It can be recalled that the Nigerian Airways was a ponzi joke which lasted for a while, and was cunningly used to siphon public funds under the pretense of developing our aviation sector. These programs have come to reflect the level of incompetence and deceit going on in the government. The refinery’s touted functionality is nothing more than a flightless dream – an obvious mirage designed to manipulate and sway public perception.
Secondly, information from a whistleblowers within NNPCL have revealed the shocking reality: PMS is not being refined at all by the refinery. These insiders claim that NNPCL has resorted to blending imported products such as Naphtha and cracked petroleum resins, to provide the illusion of domestic refining. This deceitful behavior not only erodes public confidence but also calls into question the integrity of NNPCL’s leadership. The revelation that parts of the refinery capable of producing PMS are still non-functional further discredits Kyari’s claims. It is now evident that the trucking of petroleum products from the refinery was staged, with NNPCL relying on external purchases to mask the refinery’s continued dormancy.
There has been a pattern of mismanagement, dishonesty, and a blatant disregard for accountability during Mele Kyari’s time as NNPCL’s GCEO. A number of his acts have undermined trust in NNPCL, its capacity to fulfill its purpose, and his handling of the Port Harcourt Refinery issue is just the most recent. The tenure of Kyari’s leadership has seen the oil industry devolved into a theater of unfulfilled promises. From botched refinery restoration initiatives to dubious financial dealings, Kyari has continuously and consistently prioritized short-term optics above long-term fixes. His leadership style has been defined by a lack of transparency and a reluctance to confront the systemic problems that the oil and gas industry Is facing. The question of concern remains, Why is President Bola Tinubu still working with such burden in his administration?
The Port Harcourt Refinery debacle exemplifies Kyari’s modus operandi: using elaborate publicity stunts to mask underlying failures. By falsely claiming that the refinery is operational, Kyari has not only misled Nigerians but also jeopardized the credibility of NNPCL at a critical time when the nation is grappling with economic challenges and rising energy costs.
The damage Inflicted by Mele Kyari on Nigeria’s oil and gas sector extends beyond immediate financial and operational losses, it has deeply undermined public trust in the industry and government. For decades, Nigerians have been promised a robust and self-sufficient refining sector, yet time and again, these promises have been betrayed. The Port Harcourt Refinery fiasco symbolizes the culmination of years of mismanagement and deceit, and the public’s patience is wearing thin. His actions are a stark betrayal of confidence imposed in him by his employer, the president. Without he himself realizing it, he has created a subconscious, deep-seated longing for the sort of invidiously stratified, poor regime that’s being strengthened with every bad Policy and public stunts he has ever adopted for a cover-up.
Kyari must be held accountable for his acts if Nigeria’s petroleum industry is to regain public confidence. President Tinubu needs to take firm action to stop the corruption in NNPCL and acknowledge Kyari as a liability that was passed down from the Buhari administration. The Port Harcourt Refinery allegations and other contentious choices taken during Kyari’s leadership should first be the subject of an impartial investigation. Finding the entire scope of the deceit and identifying the syndicates he employed in deceiving the public should be the goals of this investigation.
Secondly, NNPCL’s operations and leadership need to be completely overhauled, because it’s obvious that with the level of corruption going on there, nothing good will come from such leadership. A new generation of leaders dedicated to transparency and commitment must be introduced, and the culture of impunity that Kyari has fostered must be destroyed.
Lastly, real refinery restoration initiatives that are led by professionals and devoid of political interference must be given top priority by the government. Only by establishing a viable, self-sufficient refining industry will Nigeria’s reliance on imported petroleum products be lessened as a national security threat.
It is a fact that , “From error to error, one discovers the entire truth,” Sigmund Freud once said. In other words, errors in speech and in writing sometimes serve as lenses that help reveal an unconscious, suppressed, or subdued desire or internal thought. Nigerians have endured this multiple errors thrown at them, and now it’s time to embrace the truth. Kyari’s actions are intentional errors that were made to profit some few individuals at the expense of the livelihood of millions of individuals. Mr President error is in retaining a catastrophe like Kyari in his administration up till this present moment, and it will be a great disservice to the country if he doesn’t remove him from his position.
To tell Nigerians the truth, Mele Kyari’s tenure as GCEO of NNPCL has been a disaster for Nigeria’s oil and gas sector and for the future of millions of Nigerians dependent on it. His deceptive claims about the Port Harcourt Refinery are a proven stark reminder of the dangers of entrusting critical national assets to individuals who lack the vision and integrity to manage them effectively. One of the biggest enablers of corruption and inefficiency in Nigeria’s oil sector is the culture of impunity that allows officials like Kyari to operate without fear of accountability. This must change. A strong message needs to be sent that no one, regardless of position or influence, is above the law.
The Port Harcourt Refinery controversy is more than just a scandal to be debated upon, it is a reflection of the systemic dysfunction that has plagued Nigeria’s oil sector for decades. The final decision is in the hands of Mr President if he’s truly conscious of implementing his renewed hope agenda. President Tinubu has a unique opportunity to chart a new course for Nigeria’s petroleum sector. By confronting the failures of the past and taking bold steps to address the systemic issues within NNPCL, he can lay the foundation for a brighter, more sustainable future.
Kyari must be seen for what he is: a menace to the oil sector, a disappointment to the presidency, a liability, and a remnant of the failed policies of the Buhari administration that must be excised for the good of the nation. It is time for him to be pruned and convicted, and for NNPCL to undergo the radical transformation it so desperately needs. The truth about the Port Harcourt Refinery is just the tip of the iceberg—beneath it lies a deeper crisis that demands urgent attention and decisive action.
This is a crossroads moment for Nigeria. The decisions made in the coming months will determine whether the country continues to stumble under the weight of past failures or rises to meet the challenges of the future. Kyari must go, and the truth about the Port Harcourt Refinery must be a turning point, not just for the oil sector, but for the nation as a whole.
King wrote this piece from Port Harcourt.
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