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Marketers Will Pay Naira for Dangote Fuel -IPMAN

Aliko Dangote Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators had continued to register with the plant. It was further gathered that officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority were meeting with the management of the refinery to perfect the pricing template for products produced by the facility. On January 12, 2023, the Dangote Petroleum Refinery announced the commencement of production of Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel. The President, Dangote Group, Aliko Dangote, had in a statement issued by the firm, said, “We have started the production of diesel and aviation fuel, and the products will be in the market within this mon

NNPC, JV partners disburse $360m for Ogoni Clean-up





NNPC, JV partners disburse $360m for Ogoni Clean-up




The Nigerian National Petroleum Corporation (NNPC) and its Joint Venture Partners have disbursed 360 million dollars toward the Ogoniland Clean-Up project as recommended by the United Nations Environment Programme (UNEP).

The Joint Venture (JV) Partners are Shell Petroleum Development Company (SPDC), Total Exploration and Production of Nigeria (TEPNG) and Nigerian Agip Oil Company (NAOC).

The Group Managing Director of the Corporation, Malam Mele Kyari, disclosed this in a statement signed by its Acting spokesman, Mr Samson Makoji, in Abuja.

Kyari spoke during a presentation to the House of Representatives Committee on Environment and Habitat at the National Assembly.

Represented by the NNPC Chief Operating Officer, Upstream, Mr Roland Ewubare, he said that funding was not the challenge of the Ogoniland clean-up project.

He added that NNPC and its JV partners were up to date in their financial remittance to the clean-up project fund based on the United Nations Environment Programme (UNEP) framework.

“Ogoni clean-up is a massive issue and NNPC and its JV partners are ready to fund the project as prescribed by the UNEP Report.

” We have so far disbursed $360million out of the 900million dollars recommended.

“The disbursement was based on the standards set, which required that we release funds based on the implementation parameters of the clean-up exercise,” Kyari said.

He noted that though NNPC and its JV partners were not responsible for the implementation of the clean-up, all stakeholders must come together to ensure that the project was carried out successfully.

Kyari added that the implementation of the clean-up was very important as the exercise would enable the restoration of land, water and the economic well-being of the people in the area.

He decried the misinformation about the Ogoniland clean-up and urged the Hydrocarbon Pollution Remediation Project (HYPREP) to ensure that the narrative was corrected for the effective implementation of the project.

A member of the House Committee who was a former Minister of Environment, Hon. Aishatu Jibrin Dukku, applauded the NNPC and its JV partners for their commitment to the Ogoni clean-up project

She urged all other stakeholders to join hands with HYPREP to ensure the successful clean-up of the area.

Also, Chairman of the House of Representatives Committee on Environment and Habitat, Hon. Johnson Oghuma, expressed commitment of the current leadership to ensure full implementation of the UNEP Report on Ogoniland for the common good of the people of the area.

It would be recalled that the UNEP Report on Ogoniland clean-up had estimated an initial clean-up costs of over 1billion dollars for the first five years of a 25 to 30-year process.( NAN)

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