Page 13 - DMEA Week 02 2020

DMEA
NEWS IN BRIEF
DMEA
TRANSPORT
Lebanese oil pipeline
contractor Zakhem suffers
financial blow in Kenya
Lebanese firm Zakhem Construction, which constructed the 450-km Mombasa-Nairobi oil pipeline suffered a financial blow, following a court order that has allowed consultancy Quality Inspectors to recover Sh170mn from its accounts held at Stanbic Bank.
Last month, Justice David Majanja allowed Quality Inspectors to recover the money, but court proceedings now show that Zakhem only had Sh393,000 in the two Stanbic Bank accounts identified for attachment.
This means that Quality Inspectors, which conducted pre-commissioning tests on the new pipeline, still has Zakhem on its radar in the event that the Lebanese firm receives funds from State claimed for delays in the project.
Quality Inspectors had asked the judge to allow it attach monies owed to Zakhem by Kenya Pipeline Company (KPC), but the judge declined after being informed that the amounts are already frozen through a separate court order.
On August 29, 2018, Justice Mary Kasango issued an order stopping KPC from releasing any of the money owed to Zakhem unless it is paid to Togolese lender Eco Bank, which says the Lebanese firm is trying to avoid payment of Sh5.2bn loan.
Daily Nation, January 14 2020
Adithya Rekha, Oil and Gas Analyst at GlobalData, comments: “A total 18 new-build pipelines are expected to start operations in Iran by 2023. Iranian Gas Trunk line–IGAT IX is the longest upcoming pipeline in the country with a length of 1,863km. It is a natural gas pipeline that is expected to start operations in 2022.
National Iranian Gas Co (NIGC) owns a 100% equity stake in the pipeline and will also be its operator.”
GlobalData, January 09 2020
PERFORMANCE
(NPA) to enhance and sustain the already irri- tated technological interventions to arrest the situation.
Dr Bawumia said the act of commissioning of a National Command Centre for Electronic Cargo Tracking System to monitor huge petro- leum tankers from loading points to delivery stations to prevent haulage theft and diversions, aims at improving standards and efficiency in the industry.
He said the government believed in the use of appropriate technology to improve product and service delivery, hence the introduction of the tracking system was very appropriate and timely, adding that the adoption of new tech- nologies has helped improve quality of life, work
Ghana loses over $200mn
TRANSPORT “Wehavemanyexampleswheretheapplica- in downstream petroleum and leisure.
Iran to contribute 43%
of new-build trunk pipeline
length additions in Middle
East by 2023
Iran is expected to lead the Middle East’s oil and gas new-build trunk/transmission pipe- line length additions, contributing around 43% of the region’s planned and announced pipe- line length additions between 2020 and 2023, says GlobalData, a leading data, and analytics company.
The company’s report, Global Planned Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Planned Pipelines reveals that Iran is expected to have new-build pipeline length of 7,496 km by 2023.
revenue annually – VP
The Vice President, Dr Mahamudu Bawumia, has said that the country loses over $200mn per annum in tax revenues due to illicit activities in the downstream petroleum sector.
He said the illicit activity, which comes in the form of illegal bunkering, smuggling of petro- leum products, and dumping of products meant for export on the local market, has become a source of great concern to the government.
“These activities constitute an emerging threat which impact negatively on our maritime security as well as the nation’s efforts in mobi- lising tax revenue from the sale of petroleum products,” he said.
Dr Mahamudu Bawumia said that the dynamics of the illicit activities in the petroleum downstream industry required a multi-pronged solution to ensure sanity in the industry and charged the National Petroleum Authority
tion of technology has also helped to improve productivity and allows an industry to remain competitive, provides better job security and cre- ates more employment,” he said.
Ghanaian Times, January 15 2020
Nigeria imported 19bn litres
of petroleum products in
2019 – PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) yesterday, stated that Nigeria imported 19.18bn litres of petroleum products in 2019, while the country’s refineries produced only 166.33mn litres of Premium Motor Spirit, PMS, also known as petrol, in 2019.
In a statement in Abuja, Executive Secretary of the PPPRA, Abdulkadir Saidu, noted that 18.62bn litres of PMS was supplied in Nigeria in 2019.
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