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NNPC Records $1 2bn Shortfall in Priority Projects Funding

Emmanuel Addeh in Abuja and Peter Uzoho in Lagos The Nigerian National Petroleum Corporation (NNPC) recorded a total shortfall of $1.2 billion in the financing of its priority projects between January and May 2021, latest data from the national oil company has shown. This is coming as the Senate’s decision to award three per cent to oil-bearing communities may not be the only controversial clause in the Petroleum Industry Bill (PIB). The Senate in the recently passed PIB, has also restricted the importation of all petroleum products into the country to only players that have local refining capacity. The NNPC document showed that the entire appropriation for ‘calendarised’ cost recovery and funding for priority projects was $6.43 billion, which was further segmented into $536 million monthly.

PIB: Senate limits fuel imports to Dangote, other refiners

PIB: Senate limits fuel imports to Dangote, other refiners The Punch Published 12 July 2021 If the new provision on fuel imports inserted by the Senate in the Petroleum Industry Bill is adopted by the House of Representatives and the President, only active refinery licence holders will be allowed to import petroleum products into the country when the bill becomes a law. Companies holding refining licences in the country include Dangote Oil Refinery Company, Waltersmith Refining & Petrochemical Company Limited, OPAC Refineries, Niger Delta Petroleum Resources, BUA Refinery & Petrochemicals as well as Edo Refinery and Petrochemical Company Limited. The PUNCH had exclusively reported on February 28 that Dangote Group had suggested for inclusion in the PIB a provision that the licence to import petroleum products should be assigned only to companies with active refining licences, saying this would encourage investment in local refining.

Según denuncia, EdeNorte adjudicaba materiales innecesarios a empresa de Maxy Montilla e ignoraba inventarios

Según denuncia, EdeNorte adjudicaba materiales innecesarios a empresa de Maxy Montilla e ignoraba inventarios
noticiassin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from noticiassin.com Daily Mail and Mail on Sunday newspapers.

Ceass compra algodón al Brasil y la industria farmacéutica denuncia que fue excluida

Ceass compra algodón al Brasil y la industria farmacéutica denuncia que fue excluida
laprensa.com.bo - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laprensa.com.bo Daily Mail and Mail on Sunday newspapers.

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