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Also speaking, the Executive Secretary of the $2bn monthly revenue to remain sustainable the first time.
Nigerian Content Development and Moni- as a nation. The Director, DPR, Sarki Auwalu, Some of the partnerships undertaken by the
toring Board (NCDMB), represented by the warned that without this monthly income, the Board include the 5,000 barrels per day (bpd)
General Manager, Project Authorisation and economy would be in doldrums as over 70% of Waltersmith Modular Refinery at Ibigwe, Imo
Certification, Paul Zuhumben, said: “We com- the $2bn is presently being realised through the State and NEDO Gas Processing Co. in Kwale,
mend the effort of Pacegate Energy Resource nation’s oil and gas sector. Auwalu stated this at a Delta State for the establishment of 80mn cubic
Limited for investing an installed capacity of DPR/ Nigerian Extractive Industries Transpar- feet (2.27mn cubic metres) per day gas process-
12.9 metric tonnes into the manufacturing of ency Initiative (NEITI) strategic engagement ing plant and a 300 mcf (8.5 mcm) per day Kwale
chemicals solutions aspects of the hydrocarbon session in Lagos. Gas Gathering hub.
value chain in Nigeria. At the beginning of local According to him, majority of the Foreign Other investments include the development
content implementation, the board had always Direct Investments (FDIs) into the country are of 5,000-tonne LPG Storage and loading ter-
emphasised that its focus will be on developing attracted by the nation’s competitive oil and gas minal facility by Triansel Gas Limited in Koko,
in-country capacity in manufacturing, fabrica- sector while stating the Department’s plans to Delta State and construction of Energy Park,
tion, engineering and other high-end services build more oil reserves in the country. inclusive of a modular refinery, power plant and
supporting the oil and gas industry. This project “In the upstream sector, we want to grow the 40 mcf (1.13 mcm) per day gas processing facil-
by Pacegate speaks effectively to this.” reserves to 40bn barrels and for gas, we want ity at Egbokor, Edo State by Duport Midstream.
PEARL, May 24 2021 to hit 230 trillion cubic feet [6.51 trillion cubic The Board also partnered Brass Fertiliser
metres]. We already have capacity of about 3mn for the development of a 10,000-tonne per day
barrels per day, but we are not producing at that Methanol Plant and 500 mcf (14.2 mcm) per
PERFORMANCE level. And for midstream, we want to monetise day gas processing plant at Odiama in Brass as
the gas and we want to eliminate gas flaring,” he well as with Rungas Group for the manufactur-
NOC makes declaration said. ing of 1.2mn composite LPG cylinders annually
in Bayelsa and Lagos States and with Butane
DPR, May 27 2021
of revenues in April 2021 Energy to deepen LPG utilisation in the North
with the roll-out of LPG bottling plants and
NOC declares that its net revenues in April LOCAL CONTENT depots in Kano, Kaduna, Katsina, Bauchi, Nas-
2021, obtained from the sales of crude oil, gas, sarawa, Zamfara, Niger, Plateau, Gombe, Jigawa
condensates and petrochemical by-products NCDMB seeks to attract states and Abuja.
have reached record levels, as crude oil sales The Executive Secretary confirmed that some
amounted to $1,246,925,644.12, followed by $3.7bn worth of investments of the Board’s partnerships would be completed
the gas and condensates sales which amounted and commissioned with the next two years, nota-
to $53,973,431.64, while the petrochemi- in commercial partnerships bly a modular refinery in Edo and Bayelsa State.
cal by-products sales revenues amounted to He added: “We shall complete and commission
$2,616,168.58 and €6,221,424.18. The total rev- The Nigerian Content Development and Moni- composite LPG cylinder manufacturing plants
enues from oil sales is $1,303,515,244.34 and toring Board (NCDMB) said on Tuesday that it with combined capacity of 1.2mn cylinders per
€6,221,424.18. had committed a total of $332million under its annum. We shall commission three other pro-
In this regard, NOC chairman Mustafa San- commercial ventures partnership programme jects dedicated to gas processing, LPG bottling,
alla stated that NOC is looking forward to oper- with a view to attracting project developments and production of base oil. We shall also com-
ating the polyethylene plant during the coming in-country valued at $3.7bn. Executive Secre- mission and commence operations from our
weeks, which adds a substantial value to our tary Simbi Kesiye Wabote revealed this at the industrial parks at Odukpani and Emeyal-1 and
national economy, as this operation will con- bi-annual Nigerian Oil & Gas Opportunity Fair we shall commercialise at least one R&D project
tribute in providing raw materials for the trans- (NOGOF) 2021, which is being held virtually for and close skills gaps in under-water welding and
formation industries which are currently being any other core skill required in the industry.”
imported from overseas markets, and this will Wabote hinted that the roll-out of new pol-
increase the revenues from polyethylene sales icies and enactment of laws open new vista of
which are priced at international prices. opportunities for discerning investors. Accord-
It should be noticed that the crude oil deliv- ing to him, the declaration of a Decade of Gas
eries to the Ubari Power Station are charged to by President Muhammadu Buhari, the impend-
the General Company of Electricity, which were ing passage of the Petroleum Industry Bill, the
estimated during April by $19,898,933.18. Melli- amendment of the NOGICD Act, the ratifica-
tah Oil Co. has also been supplied with crude oil tion of the AfCFTA agreement and the recently
for electricity generation purposes, which value approved and gazetted Ministerial Regulations
amounted to $1,276,933.50 to be settled later. are some of the policy and regulatory-driven
NOC continues to declare its oil revenues in opportunities in the coming years.
line with its principles of transparency and dec- In his goodwill message, the pioneer Exec-
laration which was consistently pursued since utive Secretary of NCDMB Ernest Nwapa
January 2018 until now. remarked that the oil and gas industry had
NOC, June 01 2021 experienced remarkable and sustainable growth
DPR: Nigeria needs $2bn monthly for fiscal in the last 15 years through local content and
sustainability as FG builds oil reserves no other sector in the Nigerian economy had
The Department of Petroleum Resources recorded comparable development.
(DPR) has stated that the country needs over NCDMB, May 26 2021

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