NIGER DELTA LEADERS MEET BUHARI, DEMAND OIL BLOCS

President Muhammadu Buhari and some prominent leaders and stakeholders in the Niger Delta yesterday began to find lasting solutions to the crises in the oil-rich region. As part of the move, President Buhari hosted the leaders at the Presidential Villa where they demanded that they will be considered in the allocation and ownership of oil wells. The Niger Delta leaders specifically outlined a 16-point agenda which they presented to Buhari towards halting militancy in their area.

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FG TO ESTABLISH SPECIALISED PETROLEUM FORCE TO TACKLE MILITANCY

As part of its 2017 target to ensure zero militancy and drastic reduction of violence in the Niger Delta, which affect Nigeria’s oil production, the federal government has indicated that it would set up a specialised petroleum force, comprising coastal patrol teams, Niger Delta subsidiary police, and other paramilitary set-ups.

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AGIP, ARCO GAS CONTRACT CRISIS DEEPENS OVER $77M PRICE VARIATION

The last may not have been heard about the controversies surrounding the multi-billion dollar contract for the maintenance of Nigerian Agip Oil Company, NAOC’s OBOB/Kwale/Ebocha gas plant.

Indeed, Agip and the indigenous oil service company, Arco Petrochemical Engineering Company Plc, among others, have continued to lock horns on the need to follow due process in the approval of the contract, while the cost of the project remains a bone of contention.

Read more @ The Guardian