Friday, August 31, 2007
Watch this space...
"Industry Players Differ On Scrapping of NNPC" - allAfrica.com
"Nigerians abroad plan mega firm to run refineries, power plants" - Guardian Newspaper
There seems to be a lot happening on the Oil & Gas scene in Nigeria this week...
Reactions yesterday greeted Thursday's approval by the Federal Government for the unbundling of the Nigerian National Petroleum Corporation (NNPC) into five new organizations as industry players differ on what will be the place of the corporation between now and six month's time when the new policy will take effect.
However, the President of Independent Petroleum Marketers Association of Nigeria (IPMAN) has described it as a welcome development, noting that it will make the oil companies autonomous and quickens decision making.
But his National Union of Petroleum and Natural Gas Workers (NUPENG) counterpart, Mr. Peter Akpattason, has called for further clarification on the whole issue in view of the fact that the law setting up the NNPC is yet to repealed.
He argued that it was controversial for the federal government to effect the changes based on a new law in place, when the old one has not been repealed.
Some believe this exercise will "take Nigeria nowhere because it will worsen the bureaucratic process in the industry" (former President, Nigerian Association of Petroleum Explorationists (NAPE), Mr. Austin Avuru). Others believe that "commercialization of NNPC's activities will translate into more investments, more innovations and more profit" (Dr. Levi Ajuonuma, Public Affairs Division of NNPC).
NIGERIAN professionals abroad have offered to work with the Federal Government to realize its goal of a viable oil and gas and energy sector.
For a start, they have proposed to float a public quoted company with global outreach to set up 24 refineries and generate 50,000 megawatts into the national grid.
The professionals, who operate under Nigerians for Super Energy based in Houston, United States (U.S.) said that the country needed about $29 billion to have a functioning energy sector.
They suggested that the government should provide $15 billion of the funds while Super Energy and its partners would source for the balance.
Apart from working with the government to realize the twin-goals, the experts are collaborating with the National Union of Petrol and Natural Gas Workers (NUPENG) to ensure that the local people fully participate in the project.
This seems like an extraordinary initiative these "Super Energy" folks are undertaking, an effective way for Nigerians in the Diaspora to make hands-on change in the oil industry. It would be nice to know a bit more about what they stand for and who exactly these individuals are, as we wouldn't want a situation where they end up simply being a front for the naija "big players" under the guise of being well-meaning Diasporans (i hate that term but couldn't think of anything else). Thoughts pls.