Independent Marketers Association of Nigeria | InsideOjodu https://www.insideojodu.com ...conecting the community Tue, 21 May 2024 09:28:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.10 http://www.insideojodu.com/wp-content/uploads/2018/12/favicon.ico Independent Marketers Association of Nigeria | InsideOjodu https://www.insideojodu.com 32 32 Port Harcourt refinery begins operation July https://www.insideojodu.com/port-harcourt-refinery-begins-operation-july/ https://www.insideojodu.com/port-harcourt-refinery-begins-operation-july/#respond Tue, 21 May 2024 09:28:31 +0000 https://www.insideojodu.com/?p=56079 The 210,000-barrel-per-day Port-Harcourt refinery may finally commence operations by the end of July after…

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The 210,000-barrel-per-day Port-Harcourt refinery may finally commence operations by the end of July after several postponements.

The new date was disclosed on Monday by the National Public Relations Officer, Independent Marketers Association of Nigeria, Chief Ukadike Chinedu.

He stated that the development would stimulate economic activities, reduce the price of petroleum products and ensure adequate supply.

Last year in December, the Minister of State for Petroleum Resources, Heineken Lokpobiri, announced the mechanical completion and flare start-off of the biggest crude refinery in Port Harcourt.

The refineries comprise two units, with the old plant having a refined capacity of 60,000 barrels per day and the new plant has 150,000 BPD.

The refinery shut down in March 2019 for the first phase of repair works after the government secured the service of a technical adviser of Itay’s Maire Tecnimont to handle the reviews of the refinery complex, with oil major Eni appointed technical adviser.

On March 15, 2024, it was reported that the Group Chief Executive Officer of NNPC Limited, Mele Kyari, stated that the Port Harcourt refinery would commence operations in about two weeks.

The NNPC boss disclosed this during a press briefing after he appeared before the Senate Ad hoc committee investigating the various turnaround maintenance projects of the country’s refineries.

He said, “We did a mechanical completion of the refinery that was what we said in December. We now have crude oil already stocked in the refinery. We are doing regulatory compliance tests that must happen in every refinery before you start it, and I assure you that this Port Harcourt refinery will start in two weeks.”

However, the machinery had yet to begin operations two months after he made the promise.

In an exclusive interview on Monday, the IPMAN official stated that the work done represented a complete turnaround, not just rehabilitation, emphasising that every effort would be made to meet the July deadline.

Ukadike said, “Yes when we visited the place, the MD told us that the refinery was almost ready and by the end of July, they would start producing. It has been turned into a new one they changed all the armoured cable to brand new and everything there is almost like a brand-new refinery.

“The turnaround on maintenance is very massive and the job is being done day and night. All hands are on deck to make sure that they meet that target. By ending of July the refinery should be ready.”

When reminded of several promises by the government to kick start the project, Ukadike replied, “Yes, there have been delays but they didn’t tell us any reason for the delay of the last deadline given in April.

They are not facing any challenges at all; I can say the refinery is 99 per cent ready.

“What we want is competition. I am very sure that with the two refineries, the price of petrol will be reduced. Dangote is coming soon and the Port Harcourt refinery is almost ready too and that is very good. We need that competition for the benefit of the nation.”

The new timeline coincides with a proposal by the Dangote Refinery to commence petrol production by ending of next month (June).

The Chairman of the Dangote Group, Aliko Dangote, while speaking at the Africa CEO forum annual summit in Kigali, assured Nigerians that following the laid-down plans of the Dangote Refinery, Nigeria would no longer need to import petrol starting next month.

According to him, the refinery can meet West Africa’s petrol and diesel needs, as well as the continent’s aviation fuel demand.

With an average monthly consumption of 1 billion litres, Nigeria currently spends approximately N520bn on the importation of PMS every month.

This means the government may cut approximately N6.2tn yearly import bill.

Commenting, the NNPCL Chief Corporate Communications Officer, Femi Soneye, said regulatory approvals from international bodies were the only impediment stalling the operational commencement of the refinery.

Soneye in an exclusive interview with our correspondent on Monday reiterated that mechanical completion had been achieved, and all pipes were operating flawlessly, transporting crude oil supplied by Shell.

He said, “We have said that the mechanical completion has been done and every other thing is done. There is crude oil and all the pipes are working; we are only waiting for regulatory approvals. Like I said, some of our materials and the things we use have to do with nuclear and we need the nuclear authorities to give us approval to use all those things at the site.

“And some of these approvals come from bodies outside of Nigeria. Until they give us those approvals, we can’t begin operations. We are ready to go but if something happens without it, which would be another issue. Everything has been completed in terms of our work, and once we get those approvals, it will start operations.”

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Petrol will be available in two weeks –IPMAN https://www.insideojodu.com/petrol-will-be-available-in-two-weeks-ipman/ https://www.insideojodu.com/petrol-will-be-available-in-two-weeks-ipman/#respond Wed, 01 Feb 2023 18:34:04 +0000 https://www.insideojodu.com/?p=38665 The Independent Marketers Association of Nigeria has disclosed that the Premium Motor Spirit, known…

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The Independent Marketers Association of Nigeria has disclosed that the Premium Motor Spirit, known better as petrol, will be available and affordable soon.

The IPMAN National Operations Controller, Mike Osatuyi, also said that marketers are putting measures in place to end the perennial fuel scarcity across the country.

Osatuyi, who gave the assurance during an interview on Arise TV’s Morning Show on Wednesday, said there would be the availability of fuel in two weeks’ time.

According to him, all stakeholders have agreed to sell fuel at affordable prices to reduce the burden on Nigerians.

He said the Nigerian National Petroleum Company Limited and all other stakeholders across the downstream petroleum value chain met on Tuesday in their bid to end the crisis.

“Yesterday, there was a meeting in Abuja and the president of IPMAN was there and he gave me feedback on the meeting. So, I can say the NNPC is ready to find a solution to the crisis. They’ve now agreed that they will open more depots for IPMAN to be loading products through their platform at official price and this is what we have been clamouring for for years.

“From what I gathered now, they are given 14 days to clean up the mess. By the next two weeks, we should be able to buy at a very reasonable price. We must all work in the interest of Nigerians and let Nigerians benefit from this subsidy,” he said.

On the issue of smuggling, which the Nigerian Midstream and Downstream Petroleum Regulatory Authority had earlier said was a major cause of the fuel crisis, Osatuyi said all hands must be on deck to put an end to it.

He said the Nigeria Union of Petroleum and Natural Gas Workers must direct its members not to transport fuel trucks to neighbouring countries.

“When it comes to all the challenges causing the fuel crisis, you can’t rule out the bad eggs across all strata of the system. But at the same time, it takes everyone to say drop this nonsense and let us be born again,” Osatuyi added.

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