The revelation that Nigeria’s National Petroleum Company Limited (NNPCL) lacks the funds to overhaul its crumbling pipeline infrastructure underscores the deep dysfunction within the country’s energy sector. At the 2024 Energy and Labour Summit, Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, offered a stark assessment: pipelines, many dating back to the 1960s and 1970s, have become a significant vulnerability in the nation’s energy security. https://lnkd.in/dkw2ZP4w
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Nigeria's oil refinery woes: a tale of internal and external sabotage? Learn more about the forces behind the crisis and what it means for the country's energy independence. https://lnkd.in/gf9EdbZf #NigeriaOilRefineries #CabalsExposed #OilRefinerySabotage #EnergyCrisis #CorruptionInNigeria #OilAndGas #NigeriaPolitics #EconomicSabotage #OilRefineryCrisis #EnergySecurity #NigeriaEconomy
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Nigeria's oil refinery woes: a tale of internal and external sabotage? Learn more about the forces behind the crisis and what it means for the country's energy independence. https://lnkd.in/daBE8fEM #NigeriaOilRefineries #CabalsExposed #OilRefinerySabotage #EnergyCrisis #CorruptionInNigeria #OilAndGas #NigeriaPolitics #EconomicSabotage #OilRefineryCrisis #EnergySecurity #NigeriaEconomy
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The Nigerian oil sector is experiencing significant growth, boasting a total of 246 operational fields, marking a notable 12 percent surge since 2019. This growth is attributed to the positive impact of the Petroleum Industry Act (PIA), which promotes governance, administrative efficiency, attractive fiscal regimes, and community provisions, fostering a peaceful investment climate. Read the full article here: https://lnkd.in/ewd_2AxP Additionally, active oil rigs increased from 15 to 16 in February. While a number of challenges remain, the industry requires an integrated approach covering infrastructure, transportation, and security, promoting stability, sustainability, and resilience in the energy sector. Collaboration among government agencies, security forces, industry stakeholders, and international partners will be crucial for implementing targeted initiatives. To be a part of the transformative conversations at NOG Energy Week 2024, visit https://lnkd.in/gSDnrQB8 #NOG2024 #NOGEnergyWeek2024 #NOGEnergyWeek #Nigeria #Energy #WestAfrica #dmgevents #dmgNigeriaevents
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Nigeria's oil refinery woes: a tale of internal and external sabotage? Learn more about the forces behind the crisis and what it means for the country's energy independence. https://lnkd.in/gRVZEiai #NigeriaOilRefineries #CabalsExposed #OilRefinerySabotage #EnergyCrisis #CorruptionInNigeria #OilAndGas #NigeriaPolitics #EconomicSabotage #OilRefineryCrisis #EnergySecurity #NigeriaEconomy
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Nigeria's oil refinery woes: a tale of internal and external sabotage? Learn more about the forces behind the crisis and what it means for the country's energy independence. https://lnkd.in/gRVZEiai #NigeriaOilRefineries #CabalsExposed #OilRefinerySabotage #EnergyCrisis #CorruptionInNigeria #OilAndGas #NigeriaPolitics #EconomicSabotage #OilRefineryCrisis #EnergySecurity #NigeriaEconomy
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"Nigerians were promised a brighter future, a future free from the chokehold of fuel subsidies but that future seems to be receding further into the distance with each missed deadline and regulatory misstep. The blame is squarely on the trio of NNPCL, NUPRC and NMDPRA – and their failure to leverage on the PIA 2021 to reduce inefficiencies, engender transparency and drive profitability in the sector." For President Tinubu, it may well be past time to confront this reality. The nation’s energy sector, the lifeblood of the economy, is in urgent need of a fresh start. It is time for President Tinubu to chart a fresh course for Nigeria’s energy sector out of the present darkness and into a brighter future. Read my opinion on the Mele Kyari-led NNPC Limited, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) (NMDPRA) here: https://lnkd.in/dpp3RKSb
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The government should set up a Thai-Cambodian joint technical committee to speed up talks on joint petroleum production in the overlapping claims area (OCA) between the two countries as gas production from existing blocks in the Gulf of Thailand is declining
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Why Africa needs Oil & Gas E&P for transition to new sources of energy. #RenewableEnergy #Oil&Gas #EnergyReality #Africa #GeoPolitics #OilProduction #Energy https://lnkd.in/dk_amkbU
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THE LAST PETROSTATE Guyana’s Oil Boom in the Global Energy Transition The energy transition presents a wide variety of challenges to different countries. As I have dug deeper into country case studies, I have noticed how varied the experience has been. We can learn a lot from global experiences, but each country faces a set of unique challenges. Guyana - the topic of my latest Substack - is an extreme case. A tiny country with a literal ocean of oil, at a time when oil demand is facing downward pressure. Will Guyana, the last petrostate, avoid problems that countries like Nigeria and Venezuela have faced? Time will tell. Read on to learn more about that fateful cup of coffee in the picture.
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#Nigeriaisopenforbusiness🚀 💰Nigeria Aims for 4 Million bpd Oil & 10 bcf Gas Production by 2030!💰 In an ambitious push for growth, Nigeria is targeting 4 million barrels per day (bpd) of oil and 10 billion cubic feet (bcf) of gas output by 2030. This goal comes on the heels of recent offshore oil and gas incentives announced by President Bola Tinubu. 📈💼🌍 . . . This may be the best time to Unlock Nigeria's Oil & Gas Potential with our Proven Expertise!🚀 We had the opportunity to review the National Gas Policy for the Federal Ministry of Petroleum Resources in Nigeria, receiving a commendation letter from the Ministry of Petroleum Resources for our contributions. During this review, we played a key role in developing the framework for domestic LNG usage in Nigeria! 🔑 Why should foreign investors act now? Largest market in Africa: With a population of over 200 million people.💰 With Nigeria’s energy market evolving rapidly, now is the time to seize this golden opportunity. The window to tap into the country's massive oil and gas potential won't be open forever. Don't miss out—invest now before the competition heats up! 🚀🔥 Strategic oil and gas projects accelerating growth: $20 Billion Dangote Refinery, $10 Billion NLNG Train 7 project, $2.5 billion AKK Gas pipeline project. 💰 Tap into unparalleled success with Olufola Wusu, a recognized market entry authority in Nigeria and with oil and gas experience in six other African nations. Specializing in empowering oil and gas firms, my team at Olufola Wusu strategically navigates complex regulations spotting value and helping to avoid risk throughout your market entry voyage. 💰 Our achievements include helping to shape the framework for domestic use of LNG in Nigeria's National Gas Policy. Expert Leadership: Recognized as a top market entry specialist in Nigeria, success in six African countries; Strategic Guidance: Navigate policies, regulations and local nuances seamlessly. 🌐 Opportunity Awaits: Collaborate with Olufola Wusu for streamlined market entry into Nigeria, the largest LNG producer and Africa's prime market with over 200 million people. Our goal is a clear plan for success. #marketentry #Nigeria #Lagos #lawyers #Nigeriaisopenforbusiness #RegulatoryImpact #oilandgas #LNG #Gas #NigeriaInvestment #GasInfrastructure #InvestmentOpportunities #OilandGas
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