shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » PENGASSAN, Others Plan Private Refinery

PENGASSAN, Others Plan Private Refinery

by Joshua
October 4, 2009
in Uncategorized

As the federal government relaxes conditions for construction of refineries in the country, the president of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr Babatunde Ogun, has said that the association will bid for a refinery licence in the country.

Ogun told the News Agency of Nigeria (NAN) last week that the union would collaborate with other unions like NUPENG, Trade Union Congress, and other interest groups to achieve the target.
According to him, the decision was borne out of the recent announcement by the Federal Government that it had removed the mandatory $1 million deposit placed on investors wishing to establish private refineries in the country.

NAN recalls that last year the union had expressed interest in one of the nation’s refineries, but its effort was scuttled when the Federal Government stopped the sale of the refineries. Ogun said  the current effort of government had automatically paved the way for the unions to own a refinery with a view to solving the nation’s perennial shortage of petroleum products.

He said PENGASSAN, in collaboration with the other unions, would raise funds for the bid through the various union members.
He, however, urged the Federal Government to back its statement with action as the nation could not afford to be perpetually locked in energy crisis. Ogun said as a follow up to the removal of the $1 million deposit for potential private refinery owners, the government should fashion out laws that would make it a crime to import petroleum products into country, even as he added that the development would arrest the spate of importation as well as assure patronage for local refiners and marketers of petroleum products.

“The country currently imports over 90 per cent of petroleum products consumed due to the abysmal performance of Nigeria’s four refineries in recent time. “But the government says with effect from November this year deregulation of downstream sector would commence in full form, thereby giving room for the removal of petroleum subsidy, which government said had not been beneficial to all,’’ he said.  


Related Posts

Auto Draft

Railways Transport 693,224 Passengers On Lagos/Ibadan Standard Gauge

February 2, 2023
SHIPTALK: Basics About A Ship

SHIPTALK: Basics About A Ship

January 27, 2023
NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

January 27, 2023
ONE To Acquire Three U.S. West Coast Container Terminals

ONE To Acquire Three U.S. West Coast Container Terminals

December 29, 2022

Discussion about this post

Latest News

NIMASA Deep Blue Team Rescues 7 Distressed Seafarers On Board Vessel In Lagos

NIMASA Deep Blue Team Rescues 7 Distressed Seafarers On Board Vessel In Lagos

February 4, 2023

2023 Multinational Maritime Exercise Successful, Says CNS

NIMASA DG Seeks Private Sector Participation In Blue Economy

Apongbon Bridge To Reopen May—FG Assures

Customs Seize $6m Fake US Dollars, Arrest 4 Along Seme Border

Customs Officials Targets Of Terrorists And Armed Groups—WCO Sec Gen

Nigerdock Goes Solar, Shifts to Renewable Energy

Sambo Declares Funtua Inland Dry Port As Port Of Origin, Final Destination 

FG Plans Vehicles’ Transit Park, Dry Inland Port For Zamfara — Matawalle

USCG Cutter Makes First Drug Seizure of 2023 in Gulf of Oman

VESSELS EXPECTED AT LAGOS PORTS AS AT 3RD FEBRUARY, 2023

VESSELS EXPECTED AT LAGOS PORTS AS AT 2ND FEBRUARY, 2023

kindly like our Facebook page

Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says
Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says

December 19, 2022

The World Health Organisation has said that the number of people estimated to have died as a result of living...

Health Benefits And Side Effects Of Bitter Leaf

Health Benefits And Side Effects Of Bitter Leaf

December 12, 2022
More Women May Die During Childbirth In West Africa — Report

More Women May Die During Childbirth In West Africa — Report

December 12, 2022
The Many Wonderful Uses Of Onions

The Many Wonderful Uses Of Onions

December 5, 2022
Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

December 5, 2022
COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

December 5, 2022
Panic As Monkeypox Spreads To 32 States, Cases Now 604

Panic As Monkeypox Spreads To 32 States, Cases Now 604

November 28, 2022
Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

November 28, 2022
Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

November 28, 2022
Infertility Red Flags Men, Women Should Not Ignore – Experts

Infertility Red Flags Men, Women Should Not Ignore – Experts

November 28, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition