You should never have fear of failure when you are the bottom.
There’s no shame in hustling to meet your goals.
Whenever someone tells you can’t do it, do it better and faster.
PRESS RELEASE
At NOG Energy Week, NNPC, Partners Sign Landmark Gas Agreements
... Deals Set to Catalyse Industrial Growth, Enhance Nigeria’s Energy Security
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the signing of six strategic agreements with key partners, ranging from Memorandum of Understanding (MoU), Gas Supply Agreement (GSA), and other gas transportation deals, marking a significant milestone in Nigeria's journey towards industrial revitalisation and enhanced energy security.
The agreements, executed on the sidelines of the ongoing 25th NOG Energy Week, in Abuja on Tuesday, include: an MoU with Ajaokuta Steel Company Limited (ASCL); a Gas Sale Aggregation Agreement (GSAA) with Ajaokuta Steel Company Limited (ASCL); a GSA with UTM FLNG; a Network Entry Agreement with Chevron Nigeria Ltd; a Network Entry Agreement with AGPC; and a Network Entry Agreement with NNPC Exploration & Production Ltd (NEPL).
Read the full press release when you visit https://t.co/jeNNHdNf1g
Flying within Africa can cost more and take longer than flying from the continent to Europe. Despite decades of reform, it remains one of the world's most challenging places to travel by air. Read more: https://t.co/blZeRd7mR2
📷️: Getty Images
Shell 🇳🇬 partnered with nine 🇳🇬 banks to launch a $3 billion contract finance facility for local oil and gas contractors executing projects for the company
Fixing a refinery takes more than pipes and pumps. It takes the right partners.
That's the thinking behind the MoU recently signed for the Port Harcourt and Warri Refineries, now moving into a rigorous evaluation phase.
🔹 𝐀 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐬𝐡𝐢𝐟𝐭 𝐭𝐨𝐰𝐚𝐫𝐝 𝐥𝐚𝐬𝐭𝐢𝐧𝐠 𝐫𝐞𝐬𝐮𝐥𝐭𝐬 Introducing a performance-based business partnership model, built for profitable and self-sustaining refineries.
🔹 𝐄𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧, 𝐧𝐨𝐭 𝐜𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭
The MoU is an agreement to explore working together, not a binding contract.
🔹 𝐃𝐮𝐞 𝐝𝐢𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐟𝐮𝐧𝐝𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬 𝐭𝐡𝐞𝐦𝐬𝐞𝐥𝐯𝐞𝐬
Prospective partners are covering the full cost, which keeps the process data-driven.
🔹 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐭𝐨𝐰𝐚𝐫𝐝 𝐬𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐛𝐢𝐠𝐠𝐞𝐫
The vision includes expanding the petrochemicals value chain and investing in gas-based industries, including new methanol plants.
Real change isn't announced once. It's built through discipline applied consistently, at every stage, until it becomes how things are done.
#NNPCLtd #WarriRefinery #PortHarcourtRefinery #EnergySecurity
Walk with me:
If crude oil is procured weeks or months before it is processed, under commercial contracts linked primarily to monthly average pricing mechanisms, can they explain this:
US struck Iran on 28th February. By March 2nd, Dangote Refinery increased ex-depot price by ₦100 to ₦874/L.
11 days later (March 13), the ex-depot price was increased from ₦874/L to ₦1,175/L. An increase of N401/L in 11 days.
So, if crude oil is procured weeks or months ahead, and the ex-depot price reacted upward instantly to market shock, why is it not reacting downwards at the same rate after oil prices crashed?
🚨🚨| BREAKING: Uruguay's Football Association have 𝐂𝐀𝐍𝐂𝐄𝐋𝐋𝐄𝐃 the squad's private plane. ✈️❌
All players will return home on commercial flights after their World Cup exit.
[@MartinCharquero]