Nigeria oil workers insist on all-inclusive conference to discuss industry problems

Hamilton Nwosa
Writer
new-diplomat default image
new-diplomat default image

Ad

Alleged Christian Genocide: Shehu Sani accuses Nicki Minaj of stoking tensions to appease Trump

By Obinna Uballa Former Kaduna Central senator, Shehu Sani, has issued a stern rebuke to Grammy-winning rapper Nicki Minaj, accusing her of exploiting Nigeria’s security challenges to win favour with United States President Donald Trump. His criticism comes amid a deepening diplomatic rift between Abuja and Washington over allegations of a “Christian genocide” in Nigeria.…

Tinubu postpones G20, AU-EU trips amid outrage over Kebbi abductions, Kwara church attack

By Obinna Uballa President Bola Tinubu has postponed his planned trip to South Africa and Angola following fresh security breaches in Kebbi and Kwara States that have heightened national anxiety. The President was scheduled to depart Abuja today for the 20th G20 Summit in Johannesburg and later proceed to Luanda for the 7th AU-EU Summit…

Why Big Oil Is Still Gushing Profits Despite Low Oil Prices

Despite oil prices trading about $15/bbl below their 52-week highs, Big Oil firms—Exxon, Chevron, Shell, and TotalEnergies—collectively earned over $21 billion in Q3. Exxon’s breakeven has fallen to ~$40/bbl through automation and efficiency gains. Shell and TotalEnergies leveraged market volatility from new Russia sanctions, with trading profits soaring as Shell’s U.S. trading arm generated $1…

Ad

Despite suspending their strike, Nigerian oil workers insist on the convocation of an all-inclusive conference to discuss the problems facing the oil and gas industry in the country.

The nationwide strike suspended on Thursday was embarked upon to protest government’s decision to restructure the Nigerian National Petroleum Corporation, NNPC.

The oil workers, under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, said the problems facing the industry are too much for one individual, group or government to provide solutions to.

The President of PENGASSAN, Francis Johnson, revealed that the problems are so much that it would require the coming together of all interest groups in the industry to proffer solutions that would be lasting legacies for future generations.

Mr. Johnson identified some of the problems to include crude oil theft, pipeline vandalism, backlog of joint venture cash calls, poor state of refineries, corruption in the importation of petroleum products and subsidy payment to marketers, and abuse of Nigerian Content policy.

He said the problems also include the status of the Petroleum Products Pricing Regulatory Agency, PPPRA, Petroleum Equalization Fund, PEF, and interfering role of the NNPC in the performance of their mandates.

 

Ad

X whatsapp