December 16, 2017

Nigeria’s Petroleum Marketers Acquires Land For $3bn Private Refineries

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VENTURES AFRICA The Independent Petroleum Marketers Association of Nigeria (IPMAN) said on Monday that it has acquired more than 1,000 hectares in the north-central state of Kogi and Bayelsa state in the Niger Delta for its proposed $3 billion (N495 billion) refineries. Expressing the commitment of IPMAN to provide leadership in establishing private refineries in the country, the Associations President Chinedu Okoronkwo said the refineries- to be completed in 24 months- would initially have a production capacity of about 200,000 barrels of petrol per day. IPMAN had in July concluded a business deal with some international investors to build two…

Tanzania: Nigeria to Share Gas, Oil Experiences With Dar

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All Africa / By Hilda Mhagama TANZANIA and Nigeria have vowed to cooperate in the oil and gas sector by sharing experiences and strengthening the countries’ ties in the industry. This was said in Dar es Salaam on Thursday by Nigerian High Commissioner to Tanzania, Dr Ishaya Majanbu, at the occasion of the 54th independence anniversary reception of the federal republic of Nigeria. Dr Majanbu said that currently they are focusing on harnessing the excellent relations to secure on areas that will be of direct social and economic benefit to their people. “There are plans between our two countries to…

Alison-Madueke Pledges aggressive implementation of Gas-to-Power Initiatives

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NPDC/Seplat JV Invest over $200m on Azura-Edo IPP Gas Infrastructure The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has committed to an aggressive and robust implementation of the various initiatives designed to accelerate the provision of adequate gas supply for power generation in line with the Federal Government’s aspiration for the power sector. The Minister who recently announced the N213bn inter-agency initiative to facilitate the liquidation of legacy gas debts in the power sector stated that the Nigerian National Petroleum Corporation alongside its Joint Venture Partners are determined to surpass its mandate of providing the required fuel gas as well…

Nigeria’s Growing Number of Female Oil Bosses

Catherine Uju Ifejika is one of Africa's few female oil industry bosses

Catherine Uju Ifejika is one of Africa’s few female oil industry bosses By Orin Gordon – BBC Business reporter The oil and gas industry is still overwhelmingly male, with surveys showing that the executive boardrooms of petroleum companies are mostly a boys’ club. In Nigeria, a number of well-financed businesswomen are aiming to change the picture there. The Petroleum Minister Diezani Alison-Madueke is a powerful figurehead for them. “The fact that two of the biggest cabinet positions in Nigeria, petroleum and finance, are held by women, show how far we have come,” she told a recent meeting in Vienna, referring…