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FSUOGM                       NEWSBASE’S ROUNDUP GLOBAL (NRG)                                       FSUOGM





































       NRG: Steps being taken





       in several directions






       Oil producers are starting to return to exploration despite
       continued restrictions and concerns about new outbreaks.




        GLOBAL           WELCOME to the latest edition of NewsBase’s  that the deregulation of domestic fuel markets
                         Roundup Global (NRG), in which our team of  is attracting more private investors to the down-
                         international editors provide you with a snap-  stream sector. There are already seven modular
                         shot of some of the key issues affecting their  refineries under construction in Nigeria, and these
                         regional beats. Get the NRG Oil & Gas Editor’s  facilities will boost the country’s oil-processing
                         Picks to your inbox every week for free. Just sign  capacity by a total of 750,000 barrels per day (bpd),
                         up here.                             he said last week. The modular plants will also help
                           In this week’s NRG our editors highlight vari-  turn the country into a net exporter of petroleum
                         ous steps which are being considered or taken in  products by 2022, he added.
                         response to price or environmental pressures. Car-  Auwalu was speaking as AIPCC Energy, a joint
                         bon-neutral LNG and CNG (compressed natural  venture formed by Nigeria’s AFCOM and China’s
                         gas) may well be a sign of the future, although in  Peiyang Chemical Equipment Co. (PCC), said it
                         Japan’s case they compete with the restart of nuclear  intended to raise the capacity of its modular refin-
                         production. An overhaul to Russia’s oil tax regime  ery in Edo State from 6,000 bpd to 60,000 bpd by
                         will also be one to watch. Meanwhile, exploration  2025. The additional capacity will allow the plant to
                         moves in Alaska and the Middle East feature, as  cover a large portion of domestic demand for die-
                         does deal-making in the North Sea, the potential  sel fuel, said Segun Okeni, AIPCC Energy’s head of
                         of modular refineries in Nigeria and a twist in the  quality, health and safety and community relations.
                         situation in Venezuela.                The Edo refinery is due to begin operating in
                                                              the near future – as is another modular plant that
                         Modular refineries in Nigeria        Waltersmith, a Nigerian company, is building in
                         THE new issue of AfrOil takes note of Nigeria’s  Imo State. This 5,000 bpd facility is slated to come
                         rising interest in modular oil refinery projects.  on stream in mid-October, the Nigerian Content
                           Sarki Auwalu, the director of the country’s  Development and Monitoring Board (NCDMB)
                         Department of Petroleum Resources (DPR), notes  said last week. Waltersmith, like AIPCC Energy,



       Week 38   23•September•2020              www. NEWSBASE .com                                              P5
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