Page 17 - DMEA Week 27 2021

DMEA NEWS IN BRIEF DMEA

NDEP set to inaugurate on business operations in 2020, NDEP TERMINALS & SHIPPING
He said despite the effect of the pandemic
11,000bpd refinery -demonstrated its resilience by meeting all Fire in ship at Dubai’s Jebel
its obligations, attaining new milestones and
The Niger Delta Exploration & Production ended the year in profit albeit modestly with Ali port under control
Plc, an independent integrated energy staff strength intact.” Jadesimi said, “We rose
company, has said its refinery, with a to the challenges posed by COVID-19 and A fire on a ship at Dubai’s Jebel Ali Port,
processing capacity of 11,000 barrels per day, the prolonged lockdown. “The board and the Middle East’s largest transshipment
will be inaugurated soon. management carefully monitored industry hub, has been brought under control, the
The company also announced the developments and took steps to reposition government’s Dubai Media Office (DMO)
Department of Petroleum Resources’ approval NDEP and its subsidiaries while sustaining said on Wednesday. The fire was caused by
for the introduction of hydrocarbon to the efficiency and ensuring company survival.” an explosion from a “normal accident” in a
Train 3 of its Ogbele refinery. He said with a profit after tax of N1.6bn container holding flammable material, DMO
Niger Delta Petroleum Resources, a for the company and N16.8bn for the group, Director General Mona Al Marri told Saudi-
subsidiary of NDEP, had in 2010 inaugurated the NDEP entered 2021 -on a solid financial owned Al Arabiya television channel.
a 1,000bpd mini refinery for the extraction foundation. Earlier, DMO said in a statement that there
of diesel from crude oil produced from the He announced the appointments of Mr were no casualties. It posted footage of water
Ogbele field. Gbite Falade and Mr Adegbola Adesina as being pumped to douse flames and debris at
The Chairman of NDEP, Mr Ladi Jadesimi, the group managing director/chief executive the scene. Dubai in the United Arab Emirates
was quoted in a statement as saying that this and chief financial officer of the company, is the region’s trade, business and tourism hub.
would make the full-fledged refinery -the respectively and thanked the pioneer MD/ “A fire caused by an explosion within a
first of such privately owned and operated in CEO, DD Layi Fatona, for coming out container on board a ship at Jebel Ali Port
Nigeria. of retirement to hold fort until Falade’s has been brought under control; no casualties
The statement said the company’s appointment. have been reported,” DMO said on Twitter.
shareholders at its 26th Annual General Both appointments were ratified by the It said the ship, which was not identified,
Meeting on June 29, 2021, in Lagos, approved shareholders at the AGM, according to the was preparing to dock at one of the berths
a dividend per share of N7.00 for the 2020 statement. “away from the port’s main shipping line”.
financial year. Jadesimi said among the highlights of the Al Arabiya cited the Dubai government as
The company said it had consistently paid company’s operations for 2020 was the 15th saying the ship’s crew had been evacuated in
dividends to shareholders for 15 years. anniversary of first oil production from its time. DP World, which owns Jebel Ali Port,
Jadesimi said although the dividend of Ogbele marginal oilfield. had no immediate comment when contacted
N7.00 was significantly lower than the record He said the field had produced 20 million by Reuters. Witnesses had heard a blast. Two
N17 per share for the preceding year, it was a barrels of oil, 95 billion standard cubic feet of fire trucks and other emergency vehicles could
prudent approach based on the effects of the gas and over 160 million litres of diesel as at be seen heading south of Dubai, one Reuters
COVID-19 pandemic. the end of 2020. correspondent said. Port authorities are taking
He said it also reflected NDEP’s solid PUNCH the necessary measures to ensure normal
fundamentals and commitment to its growth movement of ships, the DMO said.
strategy and cash preservation. ZAWYA

Week 27 08•July•2021 www. NEWSBASE .com P17