These properties cut across energy, industries, communication and infrastructural sectors. The group has written to the National Assembly asking it to stop the president from selling off national properties â an act which it said would amount to a fundamental breach of constitutional and fiduciary duties. Most of the reduction in gross inputs (also known as refinery runs) was in the Gulf Coast region, which includes … She can be reached on Twitter @QueenExtha, if (screen && screen.width > 1024){var script=document.createElement('script'); script.src='//served-by.pixfuture.com/www/delivery/headerbid.js'; script.setAttribute("slotId","20018x300x600x3423x_ADSLOT9"); script.setAttribute("refreshInterval",30); script.setAttribute("refreshTime",5); document.getElementById("20018x300x600x3423x_ADSLOT9").appendChild(script);}. There are however, different sale strategies for the properties. MRS Oil Nigeria Plc is a Nigerian oil marketing company with headquarters in Lagos. To enable commenting and other interactive features, please switch to the more advanced . The document was submitted to the National Assembly by the Executive and titled âNCP Approved 2021 Work Plan.â It shows the names of the âprojectsâ (as described by the document), the sale strategy, the duration of the process as well as the cost of the properties. Nigeria also hopes that the increase in output from the four state-owned refineries, coupled with the startup of the privately-owned Dangote refinery, would help it end its reliance on fuel imports. Moves crude oil & petroleum products to Parkland Burnaby refinery & Suncor Burrard products terminal; moves crude oil to four refineries in Washington via connection at Sumas to Puget Sound Pipeline; moves crude oil to Asia and U.S. West coast via Westridge Marine Terminal in Burnaby. 4 days U.S. Oil Refineries Still Down And Out After Freeze 4 days U.S. Sells 10 Million Barrels Of Oil From Strategic Petroleum Reserve 4 days Oil … 24. var adx_adsvr_adspace_vAppRoot="https://ads.dochase.com/adx-dir-d/"; It later evolved into a complex conflict involving jihadists and foreign powers. 3. All these companies belong to the top 100 oil and gas companies, top 10 oil and gas companies in the world 2021, top oil companies in the world from oil and gas companies in UAE, Qatar, Dubai UAE. The two plants are the Gallup, New Mexico plant and the Martinez, California, plant. The company started marketing of petroleum products in Nigeria in 1913 under the Texaco brand name. Looking at the Canadian International Merchandise Trade Database, Canada imported approximately $18.9 billion of crude oil in 2019, down slightly from $19.2 billion in 2018 but up versus $17.1 billion in 2017. Missile strikes on makeshift oil refineries in northern Syria killed four people and injured more than 20 others, a war monitor said Saturday. Sorry, your blog cannot share posts by email. Related News. This is a list of oil refineries.The Oil & Gas Journal also publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. While some are âcore investor salesâ, a few others are for âshare salesâ. Enter your email address and receive notifications of news by email. FG Looks to Public-Private Partnerships in Tackling Infrastructure Deficit. The Nigerian government is proposing to sell or concession no fewer than 36 of its properties to raise funds, largely to finance the 2021 budget. The federal governmentâs decision to sell or concession these properties is to help fund the N13.58 trillion 2021 budget signed by President Muhammadu Buhari on December 31, 2020. Reps to probe ‘missing’ 5.2 million barrels of crude oil The 5.2 million barrels of crude oil were supplied to moribund Nigerian refineries in 2018. List of the top Oil and Gas Companies. Although documents presented to the Senate committee on privatisation by the BPE showed plans by the federal government to sell the Integrated Power Plants in Geregu, Omotosho, and Calabar at N434 billion in 2021, among others, the panel said it was not aware of the plan to sell or concession the properties. By continuing to use this website you are giving consent to cookies being used. Already, the process has begun for the concessioning of four properties; the Tafawa Balewa Square, Lagos International Trade Fair Complex, and the Calabar and Kano Special Economic Zones. For some countries, the refinery list is further categorized state-by-state The 36 projects have been categorised into five departments, according to the document; energy with nine projects, industries and communications department with eight projects and development institutions and natural resources with six projects. EXCLUSIVE: Nigeria to sell refineries, ICC, 34 others (FULL LIST) The government is to sell or concession 36 of its properties between January 2021 and November 2022. 2. var adx_nid="13"; All content is Copyrighted © 2020 The Premium Times, Nigeria, Our website uses cookies. Post was not sent - check your email addresses! var adx_custom=""; Marathon recently announced it will turn Martinez, California, oil refinery into a renewable diesel plant. Oil installations in Turkey-controlled parts of Aleppo have come under repeated attack in recent months although Moscow and the Syrian regime have not claimed responsibility. Northern neighbour Turkey has seized control of several regions inside Syria in military campaigns against the Islamic State group and Kurdish fighters since 2016. Rock salt is one of the highest in demand mineral resources in Nigeria. The post EXCLUSIVE: Nigeria to sell refineries, ICC, 34 others (FULL LIST) first appeared in Premium Times on February 18, 2021. It will surprise you to know that the 3 Top Oil Companies have their headquarters in the United States OF America. At least one Syrian rebel was among the dead, said Observatory head Rami Abdul Rahman. 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The Syrian Observatory for … Rescue workers spent hours trying to extinguish the fire which spread to about 30 oil tankers, according to the war monitor. ** Marathon indefinitely idled two of its refineries due to falling demand for transportation fuels from coronavirus pandemic lockdowns. In recent times, Oil Companies In the US are on the list of Largest Oil Companies By Production because various oil and Gas Companies in America are contributing to this growth index. We have compiled below the list of the best and the top oil and gas companies in the world. President Buhari Approves Formation of N1 Trillion Naira Company to Address Infrastructure Deficit. The world’s Top Oil Companies that we stated earlier are Exxon, ConocoPhillips, And the … Based on the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report (WPSR), gross inputs of crude oil and other feedstock to U.S. refineries declined 2.7 million barrels per day (b/d) (18%) to 12.6 million b/d for the week ending February 19, 2021. Brent crude was up 35 cents, or 0.6%, at $63.65 a barrel at 0434 GMT, after rising to its highest since January 2020 in … They are expected to be sold or concessioned between January 2021 and November 2022. She is a 2018 Female Reporters Leadership Programme fellow of the Wole Soyinka Centre for Investigative Journalism. She has a degree in French. Aref TAMMAWI / AFP. Call Willie +2347088095401... QueenEsther Iroanusi covers the National Assembly for PREMIUM TIMES. Top among these properties are the Abuja Environmental Protection Board (AEPB), the Abuja International Conference Centre (ICC), some unnamed refineries, the Transmission Company of Nigeria (TCN), Abuja Water Board, Nigerian Film Corporation, among others. Similarly, a concession is a form of Public-Private Partnership (PPP) where a government-owned asset is being operated and maintained by a private investor for a period of time on terms contained in a concession agreement. Others are infrastructure and public private partnership with four projects and post transaction management department with nine projects. var adx_size="300x250"; She had said in addition to selling or concessioning some national properties, the government will also engage in foreign and domestic borrowings as additional source of finance for the yearâs budget. The Syrian Observatory for Human Rights said a series of strikes launched from Russian warships and by allied Syrian government forces hit the makeshift refineries in Aleppo province on Friday night, causing a massive blaze in the area controlled by Turkey and its Syrian rebel proxies. The core investor, according to the Bureau of Public Enterprise (BPE), may be individuals or firms, Nigerian or foreign, with the money required to buy and operate the company, and the technical and managerial capacity needed to ensure that the company is profitable. The rock salt is used in the production of caustic soda, table salt, chlorine, hydrogen peroxide, and many others. Oil prices rose on Tuesday as a cold front shut wells and refineries in Texas, the biggest crude producing state in the United States, the world's biggest oil producer. This is even as they kicked against the idea of borrowing as well. MRS Oil has three business units: sale of petroleum at retail outlets or to industries, sale of aviation fuel and blending of lubricants. Rather than sell national properties or borrow, SERAP proposed a cut in the cost of governance in areas like lawmakersâ salaries, constituency allowance, wardrobe allowance, recess allowance and entertainment allowance – to help generate revenue. The chairman of the committee, Theodore Orji, had said the panel was not aware of the planned transactions and complained that the Director General of BPE, Alex Okoh, ârefused to carry members of the panel along.â. The first hint of sale or concessioning of some properties came to the fore during the BPEâs budget defence session in November 2020. The federal government also made this confirmation when the finance minister, Zainab Ahmed, presented a breakdown and highlights of the budget to stakeholders weeks after. A fire rages after a reported bombardment from unknown sources of makeshift oil refining installations in the Tarhin area, near the Turkish-controlled city of al-Bab in the north of Syria’s Aleppo province, on March 5, 2021. The Observatory reported two such missile attacks last month. Many, both individuals and civic groups, have kicked against the governmentâs plan to sell off some national properties. The Britain-based monitor “documented the deaths of four people, while 24 others sustained various injuries and burns” in the attacks near the town of Jarablus. This is contained in a document exclusively obtained by PREMIUM TIMES. Currently, Dangote owns refineries and manufacturing plants in Nigeria and several parts of Africa. 1. A core investor sale is the transfer of at least 51 per cent ownership, accompanied by management control, in a company from government to new private owners. Visit our. var adx_adsvr_adspace_id="3985"; However, weeks later, the same panel confirmed that some properties will be sold or concessioned. Describing the sale plan as counter-productive, the organisation said the process would be vulnerable to corruption and mismanagement, undermine the social contract with Nigerians, leave the government worse off and hurt the country in the long run. Mrs Oil Nigeria Plc. Syria’s war has killed more than 387,000 people and displaced millions since starting in 2011 with a brutal repression of anti-government protests. It is neither necessary nor in the public interest. One of the latest opposition is the Socio-Economic Rights and Accountability Project (SERAP). The answer is shocking actually, considering that Canada has the third largest proven oil reserves in the world.. In January, unidentified drones also hit oil refineries in Turkish-held areas of Aleppo, causing a large fire, according to the Observatory. Nigeria has four (4) currently refineries which none are said to be functional. 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Just how much oil does Canada import every year? He is also leading the way by a building a major refinery in the country that will eliminate the country’s dependence on oil importation. Rising crude oil theft and illegal refineries in the Niger Delta creeks have been attributed to alleged complicity of Nigerian Navy personnel and criminals bent on sabotaging the nation’s economy. This was after the panel and the BPE âresolvedâ the matter. Some properties have been enlisted to be sold to a âwilling buyerâ. TEXT AD: To advertise here . Some are for âconcessioningâ and others for âfull or partial commercialisationâ.
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