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JUST IN:
#AKK Gas Pipeline Project Nears 70% Completion
Earlier today, Group CEO @MKKyari, on an inspection tour of one of the #AKKGasPipeline project sites in Ahoko,Kogi State said the project is almost at 70% completion,with over $1.1bn so far released to finance the project.
#AKK Gas Pipeline Project Nears 70% Completion
Earlier today, Group CEO @MKKyari, on an inspection tour of one of the #AKKGasPipeline project sites in Ahoko,Kogi State said the project is almost at 70% completion,with over $1.1bn so far released to finance the project.
GCEO @MKKyari:
"The #AKKGasPipeline is one massive project we are running as @nnpclimited. It has immense value for Nigeria & its socio-economic growth. The project has not stopped for one day. We have continued to fund it despite the absence of third-party financing."
"The #AKKGasPipeline is one massive project we are running as @nnpclimited. It has immense value for Nigeria & its socio-economic growth. The project has not stopped for one day. We have continued to fund it despite the absence of third-party financing."
GCEO @MKKyari:
“We have so far spent over $1.1bn on this project from our cashflow. We are a commercial company today. We have inter-company laws within our company now. This company can fund this project, so we do not need any support to deliver this project now."
“We have so far spent over $1.1bn on this project from our cashflow. We are a commercial company today. We have inter-company laws within our company now. This company can fund this project, so we do not need any support to deliver this project now."
PHOTO NEWS:
Historic scenes as President @MBuhari today flagged off the Kolmani Integrated Development Project at Barambu, a village straddling Bauchi & Gombe States.
#EnergyforToday #EnergyForTomorrow #KolmaniFlagoff #OilWell
Historic scenes as President @MBuhari today flagged off the Kolmani Integrated Development Project at Barambu, a village straddling Bauchi & Gombe States.
#EnergyforToday #EnergyForTomorrow #KolmaniFlagoff #OilWell
Being an integrated project, the 1st phase will entail an in-situ Oil Refinery of up to 120,000 bpd capacity, a Gas processing plant of up to 500 million standard cubic feet per day, a Power Plant of up to 300-megawatt capacity, and a Fertilizer Plant of 2,500 tons per day.
In another phase of the project, there'll be a Downstream Oil Terminal/depot for offtake and distribution of the white products coming out of the refinery & further development of the integrated project.
#EnergyforToday #EnergyForTomorrow #KolmaniFlagoff #OilWell #BiggerBarrels
#EnergyforToday #EnergyForTomorrow #KolmaniFlagoff #OilWell #BiggerBarrels
JUST IN:
1)Earlier today in Nouakchott,Mauritania, @nnpclimited, @OnHym of Morocco,PETROSEN of Senegal & SMH of Mauritania signed 4 MoUs,in furtherance of the implementation of the Nigeria-Morocco Gas Pipeline Project. #EnergyforToday #EnergyforTomorrow #NigeriaMoroccoGasProject
1)Earlier today in Nouakchott,Mauritania, @nnpclimited, @OnHym of Morocco,PETROSEN of Senegal & SMH of Mauritania signed 4 MoUs,in furtherance of the implementation of the Nigeria-Morocco Gas Pipeline Project. #EnergyforToday #EnergyforTomorrow #NigeriaMoroccoGasProject
2) Signing the legal documents were the GCEO @nnpclimited, @MKKyari; DG-ONHYM of Morocco, Ms Amina Benkhadra; GM PETROSEN Holdings of Senegal, Adama Djallo and DG SMH of Mauritania, Tourad Abdoul Baghi.
#EnergyforToday #EnergyforTomorrow #NigeriaMoroccoGasPipelineProject
#EnergyforToday #EnergyforTomorrow #NigeriaMoroccoGasPipelineProject
3) In his remarks,GCEO @MKKyari said integration of West African economies thru the NMGP is critical for the region's economic growth,adding that @nnpclimited was committed to converting the project into functional value for all transit nations.
#NigeriaMoroccoGasPipelineProject
#NigeriaMoroccoGasPipelineProject
JUST IN:
@nnpclimited Acquires @OVHEnergy Downstream Assets
#EnergyforToday #EnergyforTomorrow #NNPCAcquiresOVHDownstreamAssets
THREAD...
@nnpclimited Acquires @OVHEnergy Downstream Assets
#EnergyforToday #EnergyforTomorrow #NNPCAcquiresOVHDownstreamAssets
THREAD...
1) In order to strengthen its downstream business portfolio to enhance profitability & guarantee National Energy Security, @nnpclimited has completed the acquisition of @OVHEnergy Downstream assets.
#EnergyforToday #EnergyforTomorrow #NNPCAcquiresOVHDownstreamAssets
#EnergyforToday #EnergyforTomorrow #NNPCAcquiresOVHDownstreamAssets
2) These assets include a reception jetty (ASPM) with 240,000MT monthly capacity, 8 LPG Plants, 3 Lubes Blending Plants, 3 Aviation Depots and 12 warehouses.
#EnergyforToday #EnergyforTomorrow #NNPCAcquiresOVHDownstreamAssets
#EnergyforToday #EnergyforTomorrow #NNPCAcquiresOVHDownstreamAssets
“We will procure the products and we will sell to the state, and will be step on step with the country and literally, I’ve seen no indication at this point in time that the state is ready to change any price of petroleum products. It has nothing to do with our operations.
“We will procure the products and we will sell to the state, and will be step on step with the country and literally, I’ve seen no indication at this point in time that the state is ready to change any price of petroleum products. It has nothing to do with our operations.
“For us, what it really means is that this is business for us. We’ll charge them a fee and at any point, so that the company can make money on behalf of its shareholders,”
