‘Jonathan, key to Osinbajo’s fruitful tour of Niger Delta (Read full details)

http://ift.tt/2ltvIpQ

Goodluck Jonathan

The successful tour of some Niger Delta states by Acting President Yemi Osinbajo was achieved due to former president Goodluck Jonathan’s earlier visit to Gbaramatu kingdom.

A coalition of Niger Delta militant groups, the Joint Revolutionary Council (JRC) said this in a statement issued to newsmen yesterday.The JRC spokesperson, Cynthia Whyte said: “In the past few months, Osinbajo had said the right words and a good number of people in the Niger Delta have expressed satisfaction with his utterances. We will continue to watch with cautious optimism. We however, wonder: Where were all these intellect and wisdom when his principal was in the saddle?

“It is important that we commend former president Jonathan for watering the ground before the trip by VP/AP Osinbajo. It was Goodluck Jonathan who made Osinbajo’s trip a success.

The militants claimed that when Jonathan visited Gbaramatu kingdom, he acted like a true statesman by advocating tolerance and co-operation with other sections of Nigeria as a strategy for bringing about peace and development in the region.

His utterances, they claimed, created the right atmosphere for the warm reception Osinbajo got in the region.In December 2016, former President Goodluck Jonathan was in Gbaramatu for the presentation of staff to the new paramount ruler of Gbaramatu, Oboro Gbaraun II, Aketekpe Agadagba by Delta State Governor Ifeanyi Okowa.

While commending the tour of some Niger Delta states by the acting president, the JRC stated that Osinbajo had shown good intellect and a great measure of wisdom.

The JRC spokesperson, Cynthia Whyte said: “In the past few months, he had said the right words and a good number of people in the Niger Delta have expressed satisfaction with his utterances. We will continue to watch with cautious optimism. We however, wonder: Where were all these intellect and wisdom when his principal was in the saddle?

“It is important that we commend former president Jonathan for watering the ground before the trip by VP/AP Osinbajo. It was Goodluck Jonathan who made Osinbajo’s trip a success.

“It is truly difficult to understand why a Goodluck Jonathan, whose tenure had been so vilified, wants to work for the success of the same people who have continued to try so hard to denigrate him. The Niger Delta may be angry with Goodluck Jonathan, but that same zone may erupt in violence because of Jonathan,” Whyte said.

The JRC blamed Buhari government’s failure to put things right in the Niger Delta on “the antics of satanic elements within the rank and file of agitating groups in the Niger Delta.”

Vía Uzomedia http://ift.tt/2lo9VxX

Local oil firms execute $1.6b projects for IoCs (Read full details)

http://ift.tt/2mrvZN8

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu PHOTO: Ladidi Lucy Elukpo

Nigeria set to produce three million crude daily by 2020

Nigerian companies’ participation in oil and gas contracts has increased by 180 per cent from 15 Nigerian Content Compliance Certificates (NCCCs) worth $396,103,336.38 issued in 2015 to 42 NCCCs valued at $1,645,233,425.59.

The Minister of State for Petroleum, Dr. Ibe Kachikwu, who made this disclosure yesterday at the on-going Nigeria Oil and Gas (NOG) conference in Abuja, said this was only possible due to the success of the country’s local content law.

Kachikwu said daily crude oil production of Nigeria is projected to hit three million mark by 2020.He was however, quick to explain that hitting the target is dependent on getting the ‭required‬ ‭investments ‬flow ‭in ‭and ‭the planned ‭‭deep-water projects realised ‬‭to achieve an ‬incremental reserve of ‬at ‭least one‬ ‭billion ‭barrels ‬and half ‬‭a ‬‭million barrels‬ ‭in incremental production ‬capacity‬ ‭per‬ ‭day.

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, disclosed that daily crude oil production has hit three million, as against 1.5 barrels per day in July 2016, a development he linked to the ongoing negotiations with Niger Delta stakeholders.

The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammed Barkindo, commended Nigeria for exiting the Joint Venture Cash Call debt (JVC).

The Managing Director and Chief Executive of Exploration and Production of Total, Nicolas Terraz, said the company was set to add 200,000 barrels to national production when its well begins production in 2018.

He disclosed: “We are building two gas pipelines to supply the domestic market. We have started supply the power sector gas since October 2016.

Vía Uzomedia http://ift.tt/2lnG1tU