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NNPC Ltd Resolves Dispute, Restores 275,000bopd Production

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In a significant breakthrough, NNPC Ltd, through negotiations spearheaded by Mrs. Oritsemeyiwa Eyesan, Executive Vice President, Upstream, has successfully brokered a peace deal between Total Energies and the Petroleum and Natural Gas Senior Staff Association (PENGASSAN), along with the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG).

The consensus, reached on Sunday, brings an end to the lingering dispute and has led to the immediate restoration of 275,000 barrels of oil per day (bopd) production. This marks a crucial development for the Nigerian oil industry.

The communique issued at the conclusion of the extensive negotiation session outlines the commitment of all involved parties to address and resolve the issues at hand within a mutually agreed framework.

Signatories to the communique include Mr. Matthieu Bouyer, MD/CEO of Total Energies, Comrade Festus Osifo, President of PENGASSAN, and Comrade Williams Akporeha, President of NUPENG. The signing ceremony was witnessed by Mrs. Oritsemeyiwa Eyesan, EVP Upstream of NNPC Ltd, and Mr. Bala Wunti, Chief Upstream Investment Officer, NNPC Upstream Investment Management Services (NUIMS). Mr. Victor Bandele, Deputy Managing Director of Total Energies, was also present at the event.

The peace deal not only resolves the immediate industrial action but also establishes a framework for addressing broader issues, contributing to a more stable and cooperative environment in the Nigerian oil and gas sector.

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Olufemi O. Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja
11 November 2023

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Stampede at Catholic Church in Maitama Claims Ten Lives During Food Distribution

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Ten people have been confirmed dead in a stampede at the Holy Trinity Catholic Church, Maitama, on Saturday, 21st December 2024, during the distribution of food items to vulnerable and elderly individuals.

The unfortunate incident, which occurred around 6:30 am, resulted in the loss of ten lives, including four children, and left eight others injured with varying degrees of severity. Four of the injured have been treated and discharged, while the remaining victims are still receiving medical attention.

The FCT Police Command, in a statement issued by its spokesperson, SP Josephine Adeh, confirmed the tragedy, extended condolences to the families of the deceased, and wished the injured a swift recovery.

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Port-Harcourt Refinery Fully Operational- Says NNPC

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The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd) has been drawn to reports in a section of the media alleging that the Old Port Harcourt Refinery which was re-streamed two months ago has been shut down.

We wish to clarify that such reports are totally false as the refinery is fully operational as verified a few days ago by former Group Managing Directors of NNPC.

Preparation for the day’s loading operation is currently ongoing.

Members of the public are advised to discountenance such reports as they are the figments of the imagination of those who want to create artificial scarcity and rip-off Nigerians.

 

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Port Harcourt Refinery Halts Production Less Than a Month After Resumption

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Less than a month after the porthacourt  appeared to have resumed production, the facility has stopped working.

It was gathered that the lifting of petrol actually stopped last Friday, December 13, as the 18-arm loading bay of the new Port Harcourt refinery was empty.

While about 18 trucks littered the stretch of the busy road leading to the refinery itself, nine trucks were spotted inside the parking yard, while the loading bay was empty.

Journalists who visited the refinery on Thursday, December 19, 2024, observed that the lifting of Premium Motor Spirit (petrol) had stopped completely.

The depot, which is usually a beehive of activities where tankers scramble for space at the parking yard, was a shadow of itself with literally no vehicular or human activity relating to operations.

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This was after $1.5bn was approved in March 2021 and spent on the rehabilitation of the facility.

The inauguration of the 60,000 barrel per day production capacity plant by the Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday, November 26, 2024, was met with celebration and fanfare.

During the re-opening of the facility, there was lifting of petrol to the excitement of the cheering crowd.

However, less than 10 trucks of petrol were lifted that day as against widespread claims that about 200 trucks carried petrol out of the bay.

 

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