Page 12 - AfrOil Week 17 2021

AfrOil POLICY AfrOil

The first three waivers were worth NGN46bn Bodo-Bonny Island bridge, with the remaining
($120.72mn), FIRS representatives said at last 50% coming from Nigeria’s Federal Ministry of
week’s ceremony. Works and Housing.
Femi Oluwaniyi, the co-ordinating director NLNG is a consortium set up by Nigerian
of the agency’s tax operations group, said at the National Petroleum Corp. (NNPC), with 49%;
event that FIRS saw NLNG as a model taxpayer. Royal Dutch Shell (UK/Netherlands), with
He urged other companies active in Nigeria to 25.6%; Total (France), with 15%, and Eni (Italy),
take advantage of the tax breaks that the gov- with 10.4%. The partners own a gas liquefac-
ernment was offering for road construction and tion plant with six production trains on Bonny
other infrastructure projects and also praised Island. They brought the first train on stream
the consortium for paying its 2020 tax bill of in 1999 and made a final investment decision
NGN130bn ($341.16mn) three months ahead (FID) on the construction of a seventh train last
of the deadline. year.
Bayo Denrele, a representative of NLNG, The Train 7 project will bring NLNG’s total
thanked FIRS for processing the group’s request capacity up from 22.5mn tonnes per year to
for a road infrastructure credit certificate 30mn tpy. It envisions the construction of a sev-
quickly. enth train that will turn out 4.2mn tpy, as well as
He also noted that NLNG had provided the debottlenecking of existing trains, which will
50% of the funding for construction of the add another 3.4mn tpy of capacity. ™

Many of South Sudan’s fields have been affected by oil spills (Image: Nilepet)

South Sudan threatens to penalise firms

that violate environmental regulations

SOUTH SUDAN SOUTH Sudan is reportedly prepared to take heeded its instructions, she said during a cere-
action against oil and gas operators that do not mony marking the launch of the tender for an
follow regulations governing the disposal of environmental audit of the country’s oil and gas
drilling waste and other sources of pollution. sector.
Josephine Napwon Cosmas, the country’s Juba has not been able to accomplish much
Environment Minister, said last week that Juba on this front over the last 10 years, but it is now
had ordered companies involved in hydrocar- ready to start imposing penalties on compa-
bon development to stop dumping waste in nies that violate environmental regulations, she
ways that contaminated waterways and soil. The added. She indicated that the government might
South Sudanese government has been working sue operators or revoke the licences of compa-
to curb pollution, but some investors have not nies that did not dispose of waste properly.

P12 www. NEWSBASE .com Week 17 28•April•2021