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76
Trainings / AACE Certification information needed urgently
« on: August 12, 2015, 02:45:35 PM »
Dear All,

Please anyone with valuable information on how one can get certified by AACE as a Cost Engineer should please help a friend in need.

Valuable feedback will be appreciated.

77

Many analysts agree that agriculture is the best alternative to crude oil as the main revenue source in Nigeria. However, problems of greedy middlemen, poor storage, weather effects, subsistence level, poor access to markets, cheaper imported food substitutes, poorly executed policies, and lack of funding constitute barriers to maximum output in the sector. In the face of these obstacles, how can Nigeria leverage on her comparative advantages in agriculture to ensure food security, employment, huge foreign revenue earnings, and overall development?


By ABIMBOLA AKOSILE

* Since oil price is no longer fashionable for our wellbeing, agriculture should be next focus of resource drive for development and other sundry. We have vast lands for agriculture cultivation and also to provide employment for skilled and unskilled people.
- Mr. Gordon Chika Nnorom, Public commentator, Umukabia, Abia State

* It is bad that the leadership of Nigeria is beginning to realise the need to liberalise and diversify our economy; and why not, when we recycle those who led us 30 years ago, and those who are not in line with current world realities. Now, we must not also forget to look towards technology, depend less on certificate, manufacturing and tourism; all these will help to look beyond oil, but its return and gain will not be immediate. In all we must aside fighting corruption and returning stashed wealth, block the loopholes through which these crimes are committed. As we move into agriculture, we must have in mind that Nigeria has six geo-political zones.
- Mr. Okechukwu Ikonne, Ogbor Aboh-Mbaise LGA, Imo state 

* Employment, food availability and export revenues.
- Mr. Feyisetan Kareem, Ogwashi-Ukwu, Delta State

* It is unfortunate that this is a country that likes building from the roof top rather than the foundation. Most of the schools now are more concerned with academics without total development of children. How many schools have school farms? Many do not even have playing field. Regardless of your background in our days you must farm. The seed and love for farming will be planted in you that will germinate throughout your lifetime. The kids nowadays believe their hands are only specially designed to play games while the older ones believe white collar jobs is their stepping stone to greatness. Until we start catching them young and stop licensing one room or one-flat schools without school farms we might just be playing lip service to agriculture and the fire brigade approach will continue.
- Mr. Kunle Osungbesan, Banker, Lagos

* Any nation that does not give priority to agriculture, security and employment, that nation will remain in abject poverty. Tractors should be manufactured in the country with its components, not finished product. Employment for the youth, where offered and anomaly observed, should be investigated and culprits punished. Expectedly, government programme should be a continuous process.
- Mr. Dogo Stephen, Kaduna

* Agriculture is a vital source of food and needed agro-produce for essential economic and industrial gains. The well-being of citizens largely depend on the quality of nutrition and so the quality of society or people. Total neglect has relegated farming to the background in Nigeria today. NLC demanding for N90,000 minimum wage and austerity measures proposed by governors e.t.c. in the face of frightful free fall of the naira insinuating chain reactions and side effects of inflation. We cannot pretend to forget Idi Amin's wrong economic policies and laws that destroyed Uganda's economy. How many employers paid the N18,000 minimum wage that warrants increase? Honestly, we must go into intensive farming now.
- Miss Apeji Patience Eneyeme, Badagry, Lagos State

* Government needs to ensure that farmers don’t produce and then are unable to sell and at a profit. Silos, cold rooms and other preservation methods should be adopted to buy and store agricultural produce and then sold to the public at highly subsidised rates. This will not only encourage and enlarge local production but force cheap imports out of the market, by making the locally-made one to be a lot cheaper than any imported produce.
- Mr. Buga Dunj, Jos, Plateau State

* Agriculture is the mainstay or livewire of Nigeria's economy, and provides the basics of life in terms of food, clothing, shelter e.t.c. It is also a vital source of employment, foreign exchange, income e.t.c. Our untapped human and natural resources have left us in abject penury. As a consumer economy, Nigeria unfortunately imports even subsidised toothpicks. It is shocking that we cannot produce our own foods upon our vast arable lands, not even toothpicks. The giant of Africa is bleeding and needs surgery so to speak. Our apex, commercial banks and other financial houses must give the attention that agriculture deserves before it is too late. We must regulate the middlemen and curtail their excesses during the process of distribution chain. Let us try marketing boards to minimise wastage, while silos availability is inevitable.
- Ms Saiki Ometere Tina, Gboko, Benue State

* Agriculture is a long overdue alternative to the petroleum that is disappointing us now even as we are wrongly tying our hopes on this oil like one-way traffic. Utter neglect of agriculture escalates insecurity, inflation and system failure. We must reform our import and export policies and laws to favour local content or indigenous farming. Farming needs urgent and concerted attention now. Government needs to ensure easy access to soft loans specifically for small-scale farming. God bless Nigeria.
- Mr. Apeji Onesi, Lagos

* Agriculture can create about 5 million jobs, ensure food security and boost the economy of the country only if the present administration embarks on massive renewal of the sector.
- Mr. Kessim Putme, Abuja

* Agriculture can help save Nigeria in many ways. It will help reduce unemployment greatly. Majority of our youths roaming our streets will be gainfully employed. Secondly, hunger will be reduced. If mass agriculture is introduced, food would be available and cheap in our markets. They are hard to come by today because they are imported and only few have the money to buy. There would be love and unity between citizens. These are lacking today due to the hardship the people are passing through. You wake up in the morning with nothing to eat and there is no way for it; then how can there be peace? Government should handle agriculture and build all infrastructures necessary, as we have land and the environment.
- Hon Babale Maiungwa, U/Romi, Kaduna

* Now that oil price is not stable to sustain our needs for development, let us focus on agriculture for revenue drive and amenity update.
- Mrs. Ijeoma Nnorom, Lagos State

78
Oil & Gas Industry / Fresh oil spill hits Bayelsa communities
« on: July 28, 2015, 12:21:09 PM »
A fresh oil spill from the Nigerian Agip Oil Company, NAOC’s Ossiama-Ogboinbiri and Ogboinbiri-Tebidaba pipelines has impacted the environment of Keme-Ebiama,Okpotuwari and Ondewari communities in Southern Ijaw Local Government Area of Bayelsa State.

The spill, the second in four months in the area, was reported on July 14, 2015 by the locals and is believed to have been caused by equipment failure.

It was gathered that the spill has spread to Gbaraun and Lobia communities in the council, aided by the terrain and the already rising flood levels in the environment.
Several incidences of spill had been recorded in the area, the last occurred on April 23, 2015.

A native of Ondewari and Project Officer, Ondewari Health, Education and Environmental Project, OHEEP, Tontiemote Yeiyei, said: “Incidentally, that spot was only the soft spot where the crude oil found its way to the surface; the main ruptured spot on the body of the oil bearing pipe was a little bit away from where the crude oil was gushing out on the ground.”

He said a team of Agip technicians had visited the spill site on July 21 to carry out clamping and repairs of the damaged point on the pipe promising to return the following day.

“Those of us present saw that even though the aqua-rap was still on the body of the pipe, the crude oil was escaping from the pipe,” he added.

But a fire outbreak was reported on Wednesday July 22 as “a familiar” thick column of dark smoke was rising from the current spill impacted environment.

It was, however, gathered that the identities of those who set the site ablaze could not be ascertained.

The group, Environmental Rights Action ERA, Fiends of the Earth Nigeria, FoEN, Bayelsa Field Coordinator, Alagoa Morris who was in the area called on Agip to promptly follow-up repairs with clean-up of the environment.

“Bayelsa State Government, through the state Ministry of Environment should take positive steps to protect the interest of all impacted communities,” he said.

- See more at: http://www.vanguardngr.com/2015/07/fresh-oil-spill-hits-bayelsa-communities/?#sthash.SlV9Xa4Y.dpuf

79
A former Managing Director of Nigeria Liquefied Natural Gas (NLNG), Mr. Chima Ibeneche has stated that the potential for major growth and direct impact on the economy is far greater for gas than for oil
Speaking at a recent meeting of the Nigerian Gas Association (NGA) in Lagos, Ibeneche however acknowledged that gas is certainly complementary to oil in driving Nigeria’s economy.

The theme of the meeting was “Harnessing and Monetisating the Potential of Stranded Gas Fields: A Key Enabler for Economic and National Growth.”
Ibeneche, who was also a former President of NGA, stated that stranded gas is an economic or commercial phrase.


“All natural gas is stranded in nature and normally requires investments to turn it into a useful resource by linking the gas in the reservoir to a consumer in a viable market. The requisite investments usually include policy changes that help create economic justification for gas exploitation; exploration investments to identify and quantify the gas reservoirs; gas field development investments for construction of production wells and for gas conditioning; distribution investments required to transport the gas from the well head, or gas gathering station to the consumer,” he explained.

He said the reality today was that the US which used to be a leading importer of Nigeria’s oil is now approaching self-sufficiency.

According to him, the consequence is that Nigeria has a decrease in the market demand for its sweet light crude.

“Couple with this is the global softening in oil prices with no immediate sign of recovery to the $100 per barrel world. As this reality sinks in, the relative importance of natural gas to the Nigerian economy has increased. The revenues from the export of gas have become more significant as receipts from oil have declined. The demand gap for gas created by the by the electricity generation sector should be good for stranded gas, though it will require stabilising the recent transformation and privatisation of the electricity sector. Additionally there are potential markets for gas in transportation and also in domestic heating and cooling. All these indicate a huge potential market for gas in Nigeria,” he added.

Also speaking, the President of NGA and Chief Executive Officer of Oando Gas and Power, Mr. Bolaji Osusanya stated that since 1999, the NGA had created and sustained necessary awareness about its programmes and activities within the local and global oil and gas community.

“We have also garnered the government’s support for businesses with respect to creating a more conducive business environment, as well as fostering the enactment of laws and policies that have enabled gas to be at par with oil as a natural resource geared towards value creation for the Nigerian economy.

Through our sustained approach and dialogue with key stakeholders, the gas business is now a key component of Nigeria’s energy sector, and can no longer be regarded as an afterthought as was the case prior to the NGA’s formation. Many have said that “Natural Gas is the future”. While that is true, it is also a big part of our present, as Natural gas is the cleanest and most efficient fossil fuel the world knows.

Environmentally-friendly and readily available, it can be pivotal to the development of other sources of renewable energy,” he explained.

Osusanya noted that Nigeria has prolific gas supply fields in the Niger Delta, but most of the gas markets remain underserved. The onus is on us to tweak the existing framework to mobilise all stranded reserves.

http://www.thisdaylive.com/articles/gas-has-greater-direct-impact-on-nigeria-s-economy-than-oil-says-ibeneche/215810/?

80
Eni SpA, Italy’s largest oil company, is considering selling part or all of its onshore Nigerian operations as it seeks to divest peripheral businesses amid a drop in oil prices, people familiar with the matter said.

Eni has asked advisers to look at options for the assets, which include interests in oil and natural-gas fields in the West African country, the people said, asking not to be identified as the information is private. Depending on what Eni decides to sell, the transaction may raise from $2 billion to $5 billion, the people said. It could also decide to keep the operations, they said.

A representative for the company declined to comment. Shares in Eni were trading at 15.94 euros ($17.50) at 4:54 p.m. in Milan.

Oil companies, including Royal Dutch Shell Plc and Chevron Corp., are selling fields as they scale back Nigerian operations following unrest, violence and the theft of crude in the Niger delta. The country’s daily output of about 2 Mbbl of oil makes it Africa’s largest producer.

Eni CEO Claudio Descalzi has announced plans to sell assets worth 8 billion euros ($8.8 billion) in 2015-2018, including shares in subsidiaries Galp Energia SGPS and Snam SpA. He also proposed a 17% cut in investment over the same four years compared to previous plans to adjust to lower prices.

Eni’s wholly owned subsidiary in the country, Nigerian Agip Oil Co., operates under a joint-venture agreement with Nigeria’s state oil company NNPC and ConocoPhillips. NAOC also operates two onshore exploration licenses.

The company said in July that 12 people died and three were injured in an explosion during repair work at its crude oil pipeline in Nigeria.

http://www.worldoil.com/news/2015/7/23/eni-to-weigh-sale-of-nigeria-assets-amid-oil-price-drop

81
Analysts have been pretty pessimistic about oil prices in 2015, drawing comparisons to the some of the worst oil slumps of the past three decades. The current downturn could even rival the iconic price crash of 1986, analysts had warned—but definitely no worse.

This week, a revision: It could be much worse.

Until recently, confidence in a strong recovery for oil prices—and oil companies—had been pretty high, wrote analysts including Martijn Rats and Haythem Rashed, in a report to investors yesterday. That confidence was based on four premises, they said, and only three have proven true.

1. Demand will rise: Check.
In theory: The crash in prices that started a year ago should stimulate demand. Cheap oil means cheaper manufacturing, cheaper shipping, more summer road trips.

In practice: Despite a softening Chinese economy, global demand has indeed surged by about 1.6 MMbopd over last year's average, according to the report.

2. Spending on new oil will fall: Check.
In theory: Lower oil prices should force energy companies to cut spending on new oil supplies, and the cost of drilling and pumping should decline.

In practice: Sure enough, since October the number of rigs actively drilling for new oil around the world has declined by about 42%. More than 70,000 oil workers have lost their jobs globally, and in 2015 alone listed oil companies have cut about $129 billion in capital expenditures.

3. Stock prices remain low: Check.
In theory: While oil markets rebalance themselves, stock prices of oil companies should remain cheap, setting the stage for a strong rebound.

In practice: Yep. The oil majors are trading near 35-year lows, using two different methods of valuation.

4. Oil supply will Drop: Uh-oh.
In theory: With strong demand for oil and less money for drilling and exploration, the global oil glut should diminish. Let the recovery commence.

In practice: The opposite has happened. While U.S. production has leveled off since June, OPEC has taken up the role of market spoiler. OPEC Production Surges in 2015.

For now, analysts like Morgan Stanley is sticking with its original thesis that prices will improve, largely because OPEC doesn't have much more spare capacity to fill and because oil stocks have already been hammered.

But another possibility is that the supply of new oil coming from outside the U.S. may continue to increase as sanctions against Iran dissolve and if the situation in Libya improves, the Morgan Stanley analysts said. U.S. production could also rise again. A recovery is less certain than it once was, and the slump could last for three years or more—"far worse than in 1986."

"In that case," they wrote, "there would be little in analyzable history that could be a guide" for what's to come.

http://www.worldoil.com/news/2015/7/23/oil-warning-crash-could-be-worst-in-more-than-45-years

82

According to the latest data from the Department of Petroleum resources, Nigeria’s gas reserve life index stands at 79 years as of January 1, 2015, The Punch reports. Out of this figure, some volumes are said to stranded or not developed. The country is also said to have 188 trillion cubic feet in gas reserves as of January 1 this year.

The Deputy Director, Gas Monitoring and Regulation, Department of Petroleum Resources, Mr. Antigha Ekaluo, disclosed this in a presentation at the 16th Annual General Meeting/Natural Gas Business Forum 2015 of the Nigerian Gas Association held in Lagos on Wednesday.

According to him, capital and operating expenditures are stifling the growth of gas infrastructure, as well as immature/sub-commercial domestic market, disincentive fiscal terms (high risk, low return) and absence of robust legislative and commercial framework for gas.

The existing legal and regulatory framework, written primarily for oil, does not provide robust technical and commercial framework for gas, he argued, adding, “There is, therefore, the need to pass the Petroleum Industry Bill into law, which will underpin the ongoing sector reforms”.

On the strategy for monetising stranded gas, the Council Chairman, Society of Petroleum Engineers, Nigeria, Mr. Emeka Ene, said there was the need for the country to identify and secure its closest markets, develop an integrated flare-out model, recognise that associated gas was not non-associated gas, determine the size the process based on average throughput, and modularise the solution.

For accelerated stranded gas monetisation, he called for the fast-tracking of captive power, adoption of gas-powered public transportation, Liquefied Petroleum Gas substitution programme, and the implementation of pipeline network code.


83
Out of a total of 162.425 million barrels of crude oil allocated to the Nigerian National Petroleum Corporation, NNPC, for the country’s four refineries in 2014, the refineries only received 25.84 million barrels of crude oil leaving 135.85 million barrels of crude oil, valued at about N2.62 trillion appropriated for other uses not disclosed by the NNPC.

The NNPC, in its Annual Statistics Bulletin for 2014, stated that the refineries were only able to refine 23.36 million barrels of crude oil, meaning that Nigeria’s refining capacity in 2014 dropped to 14.4 per cent from 22 per cent in 2013.

The amount of crude oil processed by the refineries, according to the NNPC, translates to an average daily production capacity of 64,001 barrels per day.

Using OPEC’s Reference Basket which puts the average price of crude oil for 2014 at $96.29 per barrel and current exchange rate realities, the unaccounted 135.85 million barrels of crude oil by the NNPC, amounts to N2.616 trillion.

The amount is about half of the Federal Government budget for 2015, and is almost four times the N556.9 billion earmarked for capital expenditure in the budget and is slightly higher than the N2.607 trillion budgeted for recurrent expenditure.

The NNPC disclosed that the refineries received a total of 25.84 million barrels (3.5 million metric tonnes) of (dry) crude oil, condensate and slops in the year under review. This translates to 70,793 barrels of crude oil, condensates and slops per day.

The amount of crude oil supplied to the refineries on a daily basis was 374,207 barrels less than the 445,000 barrels per day of crude oil allocated to the NNPC for the refineries in the country. With the amount allocated to the NNPC, the refineries were supposed to receive 162.425 million in 2014.

The daily supply to the refineries represents 15.91 per cent of the total crude oil allocation of 445,000 barrels per day. The balance of 135.85 million barrels was, however, not accounted for by the NNPC.

This means that 135.85 million barrels of crude oil might have been appropriated for other unexplained reasons, or used for the controversial Offshore Processing Agreement (OPA) or for the Crude oil for product SWAP arrangements entered into by the NNPC.

The closest explanation given on the crude swap and offshore arrangements by the NNPC in the report was the fact that products valued at N6.76 billion were received by the Pipelines and Products Marketing Company, PPMC.

Specifically, the NNPC said, “PPMC evacuated 3.208 million metric tonnes of petroleum products from the refineries and it also imported 7.038 million metric tonnes of Premium Motor Spirit (PMS) and Household kerosene (HHK) for distribution valued at N6.76 billion on Offshore Processing Agreement (OPA) and Crude oil for product SWAP arrangements.”

Crude paid for, swapped, proceeds remitted — NNPC

However, responding to queries for explanation on the unaccounted barrels of crude oil, Mr. Ohi Alegbe, ‎Group General Manager, ‎Group Public Affairs Division‎, NNPC, told Vanguard that crude oil that are not utilised by the refineries is sent abroad for the product-for-Crude exchange programme (crude swap) and the offshore processing agreement scheme, while refined products from the scheme are brought back into the country, sold and proceeds remitted into the Federation Account.

He further allayed fears of any missing money, as he stated that the NNPC pays for the 445,000 barrels per day of crude at the prevailing international market price.

He said, ‎”The term `allocation’ of crude to NNPC does not arise as the Corporation is required to pay for this crude at prevailing international market price. This practice has been in place since 2003.

“‎Thus NNPC receives 445, 000 bpd of crude for domestic refining, but because of the state of the refineries (which as you know are receiving massive attention) the refineries are unable to utilize the entire volume of crude.

“‎Consequently, the balance of what is left unutilized by the refineries is sent abroad for the product-for-Crude exchange programme (crude swap) and the offshore processing agreement scheme.

“T‎he refined products from the above arrangements are brought into the country and sold towards meeting Nigeria’s petroleum product domestic consumption requirement. Proceeds are then remitted into the Federation Accounts.”

The NNPC has four refineries — two in Port Harcourt, one in Kaduna and another in Warri, with a combined installed capacity of 445,000 barrels per day. A network of pipelines and depots located throughout the country link these refineries.

Nigeria produces around two million barrels of crude oil a day, but has to export it due to a lack of working refineries. It then imports fuel back into the country at international market prices.

The NNPC had a couple of days ago, stated that the four refineries in Port Harcourt, Warri and Kaduna will resume production this July, after a successful turn-around-maintenance (overhaul) of their facilities. The turn-around-maintenance has been on for some time.

The NNPC had stated that the refineries will start production as soon as they have delivery of crude oil for refining.

Group Managing Director of the NNPC, Mr. Joseph Dawha, had few days ago, disclosed that the NNPC is carrying out a phased implementation of the rehabilitation of the refineries, stating that work at almost all the refineries would be completed soon, and they would soon start producing at between 80 and 100 per cent of their installed capacity.

He said: “We took a conscious decision that if the refineries are not in a good state to process crude for maximum gains, then there was no point in sending crude to the refineries. What we do is to try and fix it, so that by the time it starts processing the crude, then we get real value for the crude we have sent to the refineries.

“We are satisfied with the level of work carried out so far on the Port Harcourt refinery so that if we start processing crude now, we will get real value, and they will not be any value distortion that would have been the case if the refineries are not operating optimally.”

- See more at: http://www.vanguardngr.com/2015/07/crude-used-for-swap-proceeds-remitted-to-federation-account-nnpc/?#sthash.IxYhtsuw.dpuf

84

 A ban on 113 oil tankers by Nigerian state oil company Nigerian National Petroleum Corporation (NNPC) must be lifted immediately as no grounds have been given for the measure, the global oil tanker industry association said in a letter of protest.

NNPC issued a letter on July 15, citing a directive from President Muhammadu Buhari, which said the vessels, mainly VLCC crude oil tankers, were banned from calling at Nigerian crude oil terminals and also from Nigerian waters with immediate effect.

Industry association INTERTANKO, whose independent members own the majority of the world’s tanker fleet, said in a letter to NNPC, dated July 22, that there were no “evidence or grounds” given for the ban.

“INTERTANKO protests in the strongest possible way that these bans should be lifted with immediate effect until grounds and evidence for the ban have been given to each vessel and vessel owner/operator, and the owner/operator has had an opportunity to respond,” General Counsel Michele White wrote in the letter.

Since taking office in May, Buhari has been working to fulfil a campaign promise to tackle corruption, particularly in the oil industry. He has dissolved the NNPC board and ordered an investigation into a scheme through which the country swaps crude for oil products such as gasoline.

White said separately the list of banned tankers was “not exhaustive and already further tankers are being added”.

“Our current understanding is that these ships may have been targeted due to a failure to provide official outturn figures at their last call and/or commercial differences between load and discharge figures for cargo and free water,” White said in a separate note to members.

“This may also however be part of a general crackdown by President Buhari on corruption in Nigeria’s maritime, oil and gas, financial services and security sectors, including illegal bunkering and fuel sales.”

White said after INTERTANKO had spoken with its members in some cases the ship had not called in Nigeria for several years, or at all.

“In others, the ship has changed ownership since her last call in Nigeria,” White said.

“Members have also advised that some oil majors are attempting to introduce charterparty clauses requiring the owner to warrant that the vessel is not subject to any Nigerian bans or restrictions due to failure to report any outturn figures for prior voyages.”
INTERTANKO said it had advised members to avoid such a provision.

http://www.pmnewsnigeria.com/2015/07/23/global-oil-tanker-association-orders-buhari-nnpc-to-lift-ban-on-113-oil-tankers/?

85
As part of efforts to ensure that only goods with acceptable quality are exported from Nigeria, the Central Bank of Nigeria (CBN) has appointed two additional Pre-shipment Inspection Agents (PIAs) for non-oil exports.

Director, Trade and Exchange Department, Olakanmi Gbadamosi, in a circular to dealers and operators in the non-oil sector, stated that the notice was given in furtherance of a circular issued by the CBN on November 8, 2004.

The banking sector regulator disclosed that in addition to Messrs Cobalt International Services Limited, Carmine Assayer Limited and Neroli Technologies Limited had been included as PIAs for non-oil exports.

The circular indicated that while Cobalt would cover Northern zone of the country, Carmine Assayer would be in charge of South West and Neroli takes care of South East and South-South zones.

In October 2004, there was the reintroduction of pre-shipment inspection of exports which was suspended in March 1999.

The re-introduction of the scheme was part of the Federal Government economic reform programme aimed at diversifying the export base of the country and a measure to ensure that only goods with acceptable quality were exported from Nigeria.

In January 2007, the Government enlarged the scope of the exports pre-shipment inspection scheme to include crude oil and gas. Since the scheme came into operation on October 2004, the company charged with the responsibility for exports Pre-shipment inspection has opened a number of offices across the country.

Under the Nigerian Export Supervision Scheme (NESS), all exports from Nigeria are subject to inspection by the Inspection Agents prior to their shipment; with the exception of certain items. The exempted items are personal effects, used motor vehicles, day old poultry, human parts for transplant purpose, human remains, vaccines, yeast, and periodicals / magazines.

Others are non-commercial exports, such as gifts, trade samples/printed business matter, machinery and equipment for repairs abroad and return to Nigeria, machinery and equipment for replacement, return of machinery and equipment after execution of a specific contract, re-exports and trans-shipments.

In order to avoid multiple examinations and minimise delays during inspections, all the relevant agencies (e.g. Nigeria Customs Service, National Agency for Food and Drugs Administration and Control, Standards Organisation of Nigeria, Nigerian Drug Law Enforcement Agency, Department of Petroleum Resources, Weights and Measures Department of Federal Ministry of Commerce, etc) are encouraged to simultaneously work with the Inspection Agent in order to ensure that the quantity, quality and prices of Nigerian exports conform to the International standard.

http://dailyindependentnig.com/2015/07/cbn-appoints-inspectors-ensure-export-quality-products/?

86
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr. Denzil Kentebe, has said the successful implementation of Nigerian Content is good to all stakeholders in the oil and gas industry, including the international oil companies (IOCs).

He spoke when the General Managers of Nigerian Content departments of IOCs paid him a courtesy visit at his office in Yenagoa, Bayelsa State capital.

He said the Nigerian Content Act was well implemented, adding that the Board and the operators see themselves as parttners in progress. The Board decided from its inception in 2010 to collaborate with the IOCs, other operators and stakeholders in the service industry, he said, adding that the model had proven very effective in stimulating compliance with the provisions of the Act.

According to NCDMB’s Media Relations Supervisor, Public Affairs Division, Obinna Ezeobi, the Content Board chief said the developmental role of the Board was critical and it involved collaboration with stakeholders to develop in-country’s capabilities, which make it possible to execute most industry projects hitherto taken abroad before the advent of the Act.

He praised the operating companies’ partnership with the Board over the years, and their support to the development of local capacity through various initiatives.

Kentebe charged the companies not to rest on their oars, considering that he is new on the job and needs their contributions.

He assured the General Managers that the Board would work with them to find solutions to the problems their various companies might have with the Nigerian Content.

The General Manager, Nigerian Content, Nigerian Agip Oil Company (NAOC), Mrs. Callista Azogu underscored the IOCs’ commitment to the Nigerian Content development, which she said began before the enactment of the Act in April 2010.

Azogu, also chairperson of the group, admitted that the operators had challenges complying with some provisions of the Nigerian Content Act, noting that such problems were resolved with the Board to the benefit of all stakeholders.

The General Manager, Nigerian Content Department, Chevron Nigeria Limited, Mr. Raymond Wilcox, said their group and the Board had the same objectives, which include drive to increase the participation of Nigerians and utilisation of indigenous assets and facilities in the oil and gas industry, retain a greater part of the industry spend in-country and transform the economy.

He said the Nigerian Content had taken root in the operating companies and members of their group were the vanguards of that philosophy in their organisations.

http://thenationonlineng.net/nigerian-content-good-for-iocs-others-says-ncdmb/?

87
Twelve people died and three were injured in an explosion during repair work at an Eni SpA crude oil pipeline in Nigeria.

The victims worked on a maintenance team for a local service company, Rome-based Eni said in a statement Friday. The Tebidaba-Clough Creek pipeline in the Niger delta was previously “damaged by acts of sabotage.” The company said it is still investigating the cause of Thursday’s blast.

Accidents are common in Nigeria, where pipelines are often breached in attempts to pilfer crude. The incidents interrupt oil and gas flows, affecting Nigeria’s energy exports and revenue for companies including Eni, Royal Dutch Shell Plc and Chevron Corp. Thursday’s incident was the worst since January 2012, when an explosion at Chevron’s Funiwa gas field killed two workers, according to a spokesman for a local environmental group.

“The dead were unidentifiable,” said Alagoa Morris of Environmental Rights Action, the Nigerian affiliate of Friends of the Earth. “Two people that were seriously wounded were rushed to Port Harcourt last night for medical attention. They were badly burnt but they were still alive.”

Eni had 13 incidents related to pipelines and oil wells in Nigeria in May including theft, pipelines being cut using a hacksaw and equipment failure, according to the company’s website. Seventeen were reported in April and 14 in March.

Hundreds have been killed in Nigerian pipeline accidents in the past decade. An explosion at a vandalized oil pipeline in Lagos, Nigeria’s largest city, started a fire that killed at least 200 people and burned many more in December 2006. In May that year, about 200 people were killed when another oil pipeline exploded near Lagos.

Nigeria, Africa’s biggest oil producer, loses an estimated 300,000 barrels a day to criminal gangs that tap crude from pipelines that criss-cross the southern, oil-rich delta for local refining or sale to tankers waiting offshore, according to state-owned Nigerian National Petroleum Corp.

http://www.bloomberg.com/news/articles/2015-07-10/eni-oil-pipeline-explosion-in-nigeria-kills-12-injures-3?

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The Nigerian Government may be considering the establishment within the next 30 days of an inter-ministerial energy committee that would undertake the regulatory functions of the Department of Petroleum Resources (DPR) and the Nigerian Electricity Regulatory Commission (NERC) in the gas/electricity value chain, to ensure uninterrupted supply of natural gas from the oil companies to the power plants in the country.

Under the National Gas Master Plan, the DPR is mandated to implement a Gas Pricing Regulation framework of 2007, which provides the legal basis for gas supply to domestic market, particularly the power sector, to provide the energy required to power productive activities in the economy.

On the other hand, NERC has the responsibilities under the Electric Power Sector Reform Act to undertake the technical and economic regulation of the tariff, approval of capacity expansion and business plans in the electricity industry value chain.

To guarantee the energy necessary to drive productive activities in the economy, the Finance and Economy sub-committee of the Ahmed Joda-led Transition Committee set up by the ruling All Progressives Congress to assist the smooth take off of the President Muhammadu Buhari administration, recommended that the creation of the committee that would merge and streamline decision making processes between the two agencies and increase regulatory certainty and investor confidence in the power sector.

Equally, the committee advised the Federal Government to consider the establishment of a uniform electricity pricing template for operators in the power sector, including the NERC, Transmission Company of Nigeria, Nigerian Bulk Electricity Trading Plc., Nigerian National Petroleum Corporation, and its Nigerian Gas Company subsidiary as well as the Niger Delta Power Holding Company.

The recommendations, contained in the over 800-page document submitted to the President shortly on assumption of office, a copy of which was exclusively obtained by PREMIUM TIMES, also proposed the adoption of a new technological solution for streamlining and auditing all energy industry transactions at the NNPC.

The committee expressed the conviction that if the proposal was accepted by the government, it would help manage risks in the above oil industry agencies and optimize operational and financial decisions in real time as well as report progress on activities, prepare balance sheet and project backlog on investment plans.

The new solution, the committee noted, would not only guide operators in monitoring key performance indicators by these agencies, it would also boost efforts to block leakages in the system, by providing real-time ability to capture and audit all oil and gas transactions, production, imports, tax obligations and payments to the Federal Government.

The committee said the new system, which the Presidency and the Ministry of Petroleum Resources must facilitate its introduction within the next 90 days, would facilitate the reduction of the industry exposure to sharp and unpredictable price changes by applying risk management strategies through hedges.

To provide a mechanism for real-time overview of the entire energy sector and allow for effective planning and project management, the Joda committee urged the Ministry of Power to work with the Ministry of Petroleum Resources to develop template within 90 days to guide the operation of the system.

To increase the volume of natural gas available to the power sector by at least 1,000MW within the next 18 months and free up government funds, the Joda sub-committee proposed the construction of more gas processing projects already funded by the NNPC/NPDC.

The Presidency and the Ministry of Petroleum Resources, the committee said, should consider the need to facilitate the concession of non-funded government- owned and operated gas fields/projects to competent third party operators to significantly enhance reserves output and revenues, while creating major linkages with other key sectors of the country's economy.

Apart from restructuring the agreements in the gas industry, the committee also recommended that the Ministry of Petroleum Resources should within 90 days enter into fresh arrangements, including private public partnerships, to expand the country's gas grid, gas processing and gas pipelines.

The new arrangement, the committee noted, would help create more jobs, while raising revenue and allowing the private sector to drive development of the gas midstream and downstream sectors, which the government can ill-afford on its own.

The committee noted Nigeria's estimated loss of about 1.9 million barrels of crude oil, or about $66.46 billion (about N10.23 trillion) through crude oil theft and sabotage between 2010 and April 2015, and emphasized the need for the new government to upscale relevant security hardware and personnel to eliminate vandalism to critical pipeline infrastructure and unauthorized offshore vessel loading by unpatriotic elements.

The report advised the National Security Adviser to work with the authorities in the ministries of Defence, Interior & Petroleum Resources as well as the Nigerian Police Force and Nigerian Customs Service to ensure adequate security to the oil facilities with the next 90 days.

http://allafrica.com/stories/201507060053.html?viewall=1

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The Shell Petroleum Development Company of Nigeria Limited (SPDC) has kicked off the second phase of its grassroots campaign against crude oil theft and illegal oil refining activities in Ogoni land, Rivers State. The first phase of the campaign in 2014 reached over 7,000 community people from Eleme, Gokana, Khana, and Tai Local Government Areas.

“The 2015 campaign is targeted at Ogoni youths for whom we have designed some alternative empowerment programmes such as the ‘Ogoni LIVEwire’ which in January trained 105 Ogoni youths in different skills and offered them start-up funds and support,” the Managing Director of SPDC and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, said.

“We are therefore focusing on raising awareness among the youths on the environmental, socio-economic and health risks associated with crude oil theft and sabotage of pipelines,” Okunbor said, adding that the initiative was in collaboration with the state government and the National Oil Spill Detection and Response Agency (NOSDRA).

Speaking at the launch in Biara community, the Director, Inspectorate and Enforcement in the state Ministry of Environment, Charles George, commended the people for their efforts towards reducing pipeline vandalism. He reiterated that meaningful development can only take place in Ogoni land if crude oil theft activities end, and assured the people that government was working with relevant stakeholders to implement the recommendations of the United Nations Environment Programme (UNEP) report.

“Crude oil theft and artisanal refining are criminal acts that are not only against the law but capable of mortgaging the future of the community,” said. Melvin Ododo, a Principal Environmental Scientist who represented the Zonal Director of NOSDRA, of the state at the event.

An Ogoni monarch, King Barnabas B. Paago Bagia, said the campaign had the blessings of the council of elders in the area. King Paago Bagia, who was represented by Chief Pegior Raphael, added that the elders were doing all they could to educate the youths against crude oil theft activities that were causing the communities untold hardship.

SPDC’s Ogoni Restoration Project Manager, Augustine Igbuku, said the campaign is a key pillar of the implementation of the UNEP report which recommended, among others, that Ogoni communities take actions that will stop further environmental pollution resulting from crude oil theft and illegal oil refining. He said: “The response to the first phase last year has been very encouraging. We hope that the people will seize the opportunity to join the crusade against crude oil theft and artisanal refining in Ogoni land.”

The campaign against crude oil theft in Ogoni land will run for six months and will be delivered in 12 open-air sessions by Ogoni professionals and government agencies to reach a wide range of community stakeholders.

The messages are aimed at motivating the communities to take a more active stand against individuals who break into pipelines to steal crude oil. Creating more awareness would also foster an enabling environment in which the government and other stakeholders can effectively play their roles in the environmental restoration and socio-economic development of Ogoni land.

http://www.thisdaylive.com/articles/shell-kicks-off-grassroots-campaign-against-crude-oil-theft-in-ogoniland/214036/?

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Few months after Nigeria’s economy was rebased to emerge the largest in Africa, newly-elected President Muhammadu Buhari has revealed that the national treasury is virtually empty; with ripple effects on monthly federation allocations to the three tiers of government. As crude oil revenue dwindles and unemployment and backlog of unpaid salaries mount nationwide, what innovative methods can be applied generate needed revenue into the coffers of the federal, state and local governments? What comparative advantages can be employed to refill the treasury and put national development back on track in Nigeria?

* Current expenditure must be restructured, and the executive, legislature and possibly the judiciary have to adjust. Our governors who are used to flamboyant lifestyles must adjust, people should also pay their taxes. In all, if we block the loopholes of oil theft, concentrate less on government, reduce political hangers on, get our refineries working, with improved electricity system, we can take care of our needs.
- Mr. Okechukwu Ikonne, Ogbor, Aboh Mbaise LGA, Imo State

* Nigeria needs to diversify its economy, block all the means for corruption and particularly go back to serious agro-business by encouraging and making farming attractive. Wealthy Nigerians should also be compelled to invest in their country before even looking abroad and political position should also be made unattractive.
- Mr. Sunday Okobi, Lagos

* All recoverable funds should be spent judiciously and evenly spread with probity and accountability. President Buhari and his present administration should identify key projects that can cut across all spheres of Nigeria, and make corrupt politics less desirable. Once this is done, all other things will fall in place (unemployment, insecurity, robbery, kidnapping, etc will reduce drastically).
- Mr. Adeniran Arimoro, Education Officer, ConsBras, Victoria Island, Lagos

* Mechanised and commercial agriculture should be encouraged among our farmers and the looted funds by the past administrations (leaders) should be traced and recovered by the present administration so as to boost the treasury and national development.
- Mr. Kriskenny Ojogbede, Abuja

* The new government must be proactive on ways to recover stolen loots. Nigeria should drastically cut all administrative expenses as an objective response to fall in oil prices. Oil subsidy must be totally removed despite the untold hardship and the attendant economic pain in the short-run period. The national treasury was not emptied overnight; hence it will take some time and lots of discipline to get back on track.
- Mr. Dandy Izunwa Ama, Great Citizens Schools, Okokomaiko, Lagos

* If indeed the treasury is empty, how is Buhari getting money?
- Mrs. Pat Odigie, Canada

* When the refineries start working at full capacity, there is a whole new industry waiting to be exploited that has the capacity to generate employment opportunities and provide revenue for the federation. This can be achieved through the by-products and derivatives that the refining process produces. Over 6,000 items are made from petroleum byproducts, including fertiliser, linoleum, perfume, plastics, insecticide, petroleum jelly, soap, roofing, antiseptics, dyes, greases, motor oils, shoes, rubber, tires, rope, water pipes and vitamin capsules to mention a few.
- Mr. Buga Dunj, Jos, Plateau State

* Nigerian government should rally round her friendly countries to see how to repatriate stolen monies secretly kept abroad by few cabals, while millions of people are dying in abject insecurity, poverty, healthcare, unemployment, electricity e.t.c. Countries such as USA, UK, Germany, France, Switzerland, Denmark e.t.c. will be of great assistance at this difficult period.
- Mr. Dogo Stephen, Kaduna

* Over-dependence on federal allocation is fast becoming a deadly threat to our economy and national peace. Leaders who will not manage public funds frugally must be shown the exit door at all cost. Small scale farming and irrigation should be massively embarked upon across Nigeria without any further delay. An empty treasury suggests lawless financial recklessness. Offenders must be punished appropriately by applying the relevant laws strictly.
- Ms. Saiki Ometere Tina, Gboko, Benue State

* Nigeria’s empty treasury can simply be refilled by engaging on other sources of revenue generation such as agriculture and tourism other than over-dependence on oil sector. God bless Nigeria.
- Mr. Patrick Chukwudi Ogbuokiri, Port Harcourt, Rivers State

* Tax-based economy is our best option at this juncture. Revenue generation through taxation is very reliable especially at local government area level. The N2.5 billion daily from crude oil alone, monies from other sectors e.t.c. are boosters. The tax department needs complete overhaul and regular re-orientation. It is apt time to tap the agric and solid minerals sector too. God bless Nigeria.
- Mr. Apeji Onesi, Lagos

* Very simple. It is when we all see Nigeria as greater than our individuality, sectionalism, tribalism, religion e.t.c, which are the weapons that can’t allow our empty treasury to be refilled. I pray that all of us as citizens would see Nigeria as the Americans, Britons and other developed countries adore and talk good of their beloved countries.
- Hon. Babale Maiungwa, U/Romi, Kaduna

* We must urgently review our finances and financial policies, to sanitise our waning economy. The empty treasury during a global economic downturn like now means a total blockage of all the leakages and recklessness of our leaders. All seeming assets which are really liabilities must be sold off now. All the stolen public funds must be retrieved and liable leaders punished accordingly. The finance sector needs reforms urgently.
- Miss Apeji Patience Eneyeme, Badagry, Lagos State

* To earn foreign exchange, Nigeria should immediately begin to sell increased quantities of its liquified natural gases (LNG), some of which Nigeria foolishly flares at present. The demand in the world for natural gas is more expansive than petroleum crude oil. Nigeria should desist from using natural gas to generate electricity. At best, the gas-to-electricity plant should be at a minimum. Instead of natural gas, Nigeria should resort to wind to generate electricity and sell its natural gas. Nigeria will never run out wind, but will with natural gas.
- Prof. Oluchukwu Ekechukwu, Nuclear Production Engineer (rtd), South Carolina, USA

* To refill the treasury the federal revenue should be adequately secured from any diversion or stealing; anti corruption agencies should vigorously embark on recovering stolen money from past government officials; all companies should be forced to pay their taxes accordingly; reduce the number of ministers etc; review states allocation; control importation of goods into the country; invest largely on agriculture and mines; solicit for foreign support; and religiously follow due process and fiscal responsibility in all expenditure.
- Mr. Nura Attajiri CEO, Greenlight Youth Support Centre, Sokoto

* The most pressing evil bedeviling our country is unemployment. If you fight corruption, remember it is institutional, what about those that are outside the system? Fight insecurity through whatever means. Poverty is the worst because no country can efficiently eliminate or reduce poverty to its barest minimum holistically.
- Mr. Okadi Simeon Ngu, Lagos

* Nigerians should not stampede Buhari to appoint ministers and aides in a hurry, to avoid making the same mistakes others made. The three tiers of government should look inward to generate funds to pay salaries, since oil price is not stable. Governors coming to Abuja for allocation would not be acceptable because there are resources in their states to tap for development to pay workers' salaries.
- Mr. Gordon Chika Nnorom, Public Commentator, Umukabia, Abia State

* All these issues should be treated in their alphabetical order. Coincidentally, nature has made it so because when treated as such, 'A' will take care of 'B' which will in turn answer for 'C' and so on; i.e. an antidote for corruption will help in curing insecurity etc.
- Mr. A.M. Tampul, Abuja

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