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Nigerian airlines cancel more flights as jet fuel scarcity continues

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Nigerian airlines have continued to cancel flights as scarcity for aviation fuel in the West African country continues to cripple economic activities.

Airlines like Ibom Air could not fly most of their aircraft on Tuesday, March 8, due to fuel scarcity. The airline admitted to the situation and predicted the situation may extend to Wednesday.

 

Yesterday, six local carriers – Air Peace, Azman Air, United Nigeria Airline, Arik Air, Aero Contractors and Max Air – announced a ‘Spring Alliance’, to mutually support each other’s operations and surpass the expectations of the flying public.

“We have encountered a situation today where aviation fuel is scarce and therefore unavailable at almost all our flight destinations. This has significantly impacted our flight schedule today (Tuesday) and may do the same tomorrow (Wednesday).

“At this time, we have no indication when the issue will be resolved, however, we are working with our fellow airlines and fuel suppliers to find a solution.” the airline said.

Nigeria imports almost all its jet fuel, which has nearly doubled to as high as 625 naira ($1.50) per liter since December, Arik Air said.

Late last month, Air Peace informed passengers that most of their flights were delayed due to scarcity. The airline said their Lagos to Port Harcourt flight for 14:30 on February 15 was delayed due to lack of fuel and the Port Harcourt to Abuja flight for 16:25 and Abuja to Lagos for 16:25 were also affected.

Dana Air also found itself in the same situation last week where most of their flights were cancelled due to scarcity of fuel.

Despite being Africa’s largest oil producer, Nigeria imports almost all its jet fuel.

Motorists and residents have also been suffering from severe fuel shortages and hike in price at the pumps for weeks.

Following Russia’s invasion of Ukraine, global oil prices have hit a 14-year peak.

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Israel-based oil and gas firm, NewMed, signs exploration deal with Morocco’s energy ministry

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Israel-based oil and gas firm, NewMed has signed a deal with Morocco’s energy and mining ministry and Adarco Energy for offshore natural gas exploration and production in Morocco.

NewMed made the announcement on Tuesday adding that it will collaborate with Adarco, and each will have a 37.5% stake in the Boujdour Atlantique licence.

NewMed CEO Yossi Abu said, “for a long time now we have recognised a huge potential in Morocco for collaborations in both the natural gas and renewable energy sectors.”

According to the deal, the remainder of 25% is granted to Morocco’s National Office of Hydrocarbons and Mines, in accordance with the Hydrocarbon Law of Morocco.

NewMed is the main stakeholder in Israel’s huge Leviathan offshore gas field and is looking to merge with Capricorn Energy to create a gas producer focused on Israel and Egypt.

Statista reports that in 2020, approximately 23.3 billion Moroccan dirhams (MAD) of gas and fuel oils were imported into Morocco. This was equivalent to 2.6 billion U.S. dollars and represented a decrease from the previous year when roughly 38.8 billion MAD (4.3 billion U.S. dollars) of oils were imported into the country.

Overall, Spain was the main trade partner in Morocco in terms of gas and fuel oil imports.

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Nigeria’s oil company, NNPC, signs separate gas pipeline deals with Ghana, Guinea, others

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Nigeria’s oil company, the NNPC have signed separate deals with the national oil companies of Ghana, Gambia, Guinea, Guinea Bissau and Sierra Leone in furtherance of the planned Nigeria-Morocco Gas pipeline project.

The Group Chief Executive Officer of the NNPC, Mele Kyari; highlighted the roles played by the participating countries to make the planned commencement of the project to fruition.

“Today, we will be attaining another feat by signing five MoUs with the national oil companies and relevant entities from Gambia, Ghana, Guinea, Guinea Bissau and Sierra Leone.

“From inception of the project to this stage, concerted efforts have been made by the governments of Nigeria and the Kingdom of Morocco, which led to the very commendable achievements recorded thus far.

“As the strategic vision of our great leaders gains momentum, I would like to express our appreciation to His Royal Majesty, King Mohammed VI of Morocco and His Excellency, President Muhammadu Buhari of Nigeria for entrusting NNPC Limited with this strategic project,” he stated.

He added: “NNPC Limited will facilitate the continuous supply of gas and provide other enablers such as the required land for the first compressor station to be deployed in Nigeria, which is among the 13 stations earmarked along the pipeline route.”

The Nigeria-Morocco gas pipeline mega-project had been first discussed during the official visit of King Mohammed VI of Morocco in December 2016 to President Buhari in Abuja.

Nigeria and Morocco signed MoU for the gas pipeline in September which would link Nigeria to Morocco as well as supply West Africa and Europe.

The Nigeria-Morocco gas pipeline mega-project had been first discussed during the official visit of King Mohammed VI of Morocco in December 2016 to President Buhari in Abuja.

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