Metro

Dangote Refinery to roll out petrol in August

Published

5 months ago

July 15, 2024

The President and Chief Executive Officer of Dangote Industries Limited, Alhaji Aliko Dangote, has disclosed that the Dangote Refinery will roll out its Premium Motor Spirit, also known as petrol, in August after resolving lingering crude oil supply issues through the help of the Nigerian National Petroleum Company Limited (NNPCL), and the Federal Government.

The delay in the roll out of petrol by the refinery on its earlier scheduled date of July, according to Alhaji Dangote while addressing media executives during a tour of the Dangote Petroleum Refinery and Petrochemicals factory in Lagos on Sunday, was as a result of challenges in crude supply which affected the supply of petrol from the refinery.

According Dangote, the crisis over supply of crude from the International Oil Cooperations (IOCs) has now been resolved following the intervention of the NNPCL and the Nigerian government.

“We plan to list the refinery and petrochemical before the end of the first quarter of next year. The issue of crude has been settled last week. But we hope that the IOCs will respect it,” he stated.

“The Federal Government have only 7.2 per cent because it failed to pay for the balance for the 20 per cent stake The IOCs are deliberately and willfully frustrating our efforts to buy the local crude.

“It seems that the IOCs’ objective is to ensure that our petroleum refinery fails. It is either they are deliberately asking for a ridiculous and humongous premium or they simply state that crude is not available.

“We plan to list the refinery and petrochemical before the end of the first quarter of next year, ” he stated.

He noted that the issue the refinery was having with international oil companies regarding the supply of crude was resolved last week.

“The issue of crude has been settled last week. But we hope that the IOCs will respect it, ” he added.

Dangote also expressed hope that the authorities and stakeholders will abide by the provisions of the Petroleum Industry Act, PIA.
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According to Dangote, the refinery commenced full operations in 2024, starting with the refining of intermediate products such as polypropylene, naphtha, RCO, gasoline, diesel, and jet fuel.

He noted that the refinery steady state production phase commenced in March 2024 while also expecting the ramping up production to reach 500,000 barrels per day with 15 crude cargoes a month by next August, 550,000bpd by the end of the year, and 650,000bpd by the first quarter of 2025.

Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited, had last week accused international oil companies in the country of plotting to frustrate the survival of the new Dangote refinery.

Edwin, in a statement, said the IOCs were deliberately and willfully frustrating the refinery’s efforts to buy local crude by hiking the cost above the market price by $6, thereby forcing the refinery to import crude from countries as far as the US, with its attendant high costs.

“The IOCs are deliberately and willfully frustrating our efforts to buy the local crude.

“At some point, we paid $6 over and above the market price. This has forced us to reduce our output as well as import crude from countries as far as the US, increasing our cost of production.

“It appears that the objective of the IOCs is to ensure that Nigeria remains a country, which exports crude oil and imports refined petroleum products. They are keen on exporting the raw materials to their home countries, creating employment and wealth for their countries, adding to their Gross Domestic Product (GDP), and dumping the expensive refined products into Nigeria, thus making us dependent on imported products.”

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Metro

Zambia: FOX report highlights persistent media harassment, calls for reforms

Published

5 hours ago

December 18, 2024

Isaac Dachen

A new Freedom of Expression (FOX) report by the Media Institute for Southern Africa (MISA) Zambia, has raised concerns over what it describes as the continued harassment of media professionals in the country despite collective efforts to safeguard freedom of expression.

The FOX Report serves as a call to action for all stakeholders to create a safer and more enabling environment for the media to operate without fear or intimidation.

Chairperson of the MISA-Zambia Board, Lorraine Mwanza, who raised the concerns while launching the report on Tuesday at the Pamodzi Hotel in Lusaka, highlighted that journalists and media practitioners in the country still faced intimidation, censorship, and violence for fulfilling their role of informing the public.

“The harassment of media professionals is a stark reminder of the threats posed to democratic values and the fundamental rights to seek, receive, and impart information without fear or hindrance,” Mwanza said.

She expressed solidarity with those who are targets of attack, and reaffirmed MISA’s commitment to defending journalists’ rights and protecting the integrity of the profession.

Mwanza further called on the government to address barriers preventing journalists from accessing public officials, emphasizing that public officials were custodians of critical information necessary for informed decision-making.

“When citizens have access to government data, they can better understand policies, monitor public spending, and advocate for change in their communities,” Mwanza noted.

She also appealed for the review and repeal of laws that undermine democracy, stressing the importance of enacting legislation that guarantees media freedom, freedom of expression, and digital rights, and commended the government for responding to calls from civil society organizations to withdraw the controversial Cyber Bills from Parliament.

Ministry of Information and Media Permanent Secretary, Thabo Kawana, in a speech read by Ministry Director Mordern Mayembe, reaffirmed government’s commitment to upholding media freedom and freedom of expression in Zambia.

Metro

Nigeria: 614,937 killed, 2.2m abducted in 1 year— Report

Published

14 hours ago

December 18, 2024

Isaac Dachen

A new report released on Tuesday by the National Bureau of Statistics (NBS) has revealed that over 614,937 Nigerians were killed and 2,235,954 others kidnapped across the country in one year between May 2023 and April 2024.

The NBS report, titled, “The Crime Experienced and Security Perception Survey (CESPS) 2024”, says based on the surveys conducted between May 2023 and April 2024, the 2.2 million Nigerians who were kidnapped across the country paid a whopping N2.2 trillion as ransom, with an average amount of N2.7 million per incident.

The report also disclosed that murder rate was highest in rural areas with 335,827 incidents and 279,110 in urban areas.

A zone-by-zone analysis of the report showed that the North-West had the highest murder cases of 206,030, followed by the North-East which stood at 188,992, while the least was recorded in the South-West at 15,693.

The report also revealed about seven in 10 households reported murder cases to the police nationwide with 33 per cent of households responding that the killer was an unknown person, and 23.4 per cent confirmed that the murderer was a member of the household; while 1.0 per cent reported that the murderer was either a spouse or a lover.

The report said 1,668,104 persons were kidnapped in rural areas and 567,850 in urban areas with the North-West having the highest cases of kidnapping with 1,420,307 abducted, followed by the North-Central with 317,837 and the South-East at 110,432.

“Of the estimated amount of N2.2 trillion payments to free victims, the North-West reported the highest ransom paid with N1.2 trillion; while the South-East was the least with N85.4 billion.

“Disaggregated by zones, the North-Central reported the highest proportion of payment of ransom at 83.4 per cent, followed by North-East at 78.6 per cent.

“Households in urban areas paid an average of N3.7 million compared to N2.3 million in rural areas,” the report stated.

It added that about 91 per cent of kidnapping incidents were done for ransom in the form of money, goods or other benefits.

“While 2.4 per cent of cases were attributed to political, criminal, or terrorist objectives; 2.1 per cent were linked to personal or family disputes. Custody disputes accounted for 0.5 per cent of cases,” the report said.