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OMS Pipeline Protection Contract

Posted on December 10, 2018 by kalu Aja

The Federal Government of Nigeria through the NNPC has awarded a pipeline protection contract PPC to Ocean Marine Solutions (OMS) in December 2018. The actual amount is unstated…(for obvious reasons). Pipeline Protection Contracts PPC are not new, the PDP Government… Continue Reading →

Politics, The Economy NNPC, oms pipeline Protection
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Is Buhari Aware the Naira Has Been Devalued?

Posted on March 20, 2018 by kalu Aja

I got a serious letter from a serious person, a very formal letter. The person tried to explain the political and economic posture of the Buhari Administration…saying many simply hate the President who is under severe pressure to deliver so… Continue Reading →

Politics, The Economy CBN, Devaluation, Foreign Exchange Policies, Naira, NNPC, Refinaries
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Why Cant NNPC Modulate at $60?

Posted on December 20, 2017 by kalu Aja

1. You are celebrating Crude Oil has risen to $60 per barrel 2.You are celebrating CBN Foreign Reserves are approaching  $40b 3..You forgot Nigeria exports Crude Oil but imports Petrol….(like Venezuela) 4. Simple maths should tell you imported petrol will cost… Continue Reading →

Politics, The Economy NNPC, Petrol, Subsidy
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2017-2018 NNPC Crude Oil Term Contract Winners Anounced

Posted on January 3, 2017 by kalu Aja

Out of 224 bids. All bids are for 32,000 bpd except Duke Oil, A subsidiary of NNPC for 90,000 BPD. In the spirit of transparency, can we see the Memorandum of Articles of the Nigerian Companies. Also can the foreign… Continue Reading →

The Economy NNPC
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JV Cash Calls, What the real story?

Posted on December 15, 2016 by kalu Aja

THE Federal Government has finally announced the cancellation of joint cash call with oil companies operating in Nigeria. Cash calls is the counterpart funding which the Federal Government, represented by the Nigerian National Petroleum Corporation, NNPC, pays annually as its… Continue Reading →

Politics, The Economy DMO, IOC, NNPC

Dont Borrow, Sell NNPC, its a Liability, not an Asset

Posted on November 27, 2016 by kalu Aja

One measure of the health of any economy is the Gross Domestic Output or GDP. The GDP is simply the value of output the nation produces. For example, a bakery in Agege, makes 500 loaves of bread a day, and… Continue Reading →

Politics, The Economy China, JV Cash Calls, NNPC

Reducing the state in JVs

Posted on November 18, 2016 by kalu Aja

Its important we explain this JV thing well… 1. in the past NNPC owns 50% of the UJVs…so we get that share of the revenues less costs 2. if we reduce our stake in the JVs (which is what is… Continue Reading →

The Economy JV, NNPC

The Government can’t refine crude oil……

Posted on November 7, 2016 by kalu Aja

We have three refineries…none of them is performing at 20% capacity utilization. A. Kaduna Refinery 18.78% B. Warri Refinery 14.28% C. PortHarcourt Refinery 19.52% None What exactly is so hard in refining crude oil? Our oil is the best in… Continue Reading →

Politics, The Economy NNPC, PIB, Refineries

The Indian $15b offer….

Posted on October 26, 2016 by kalu Aja

I had written about the Chinese offer to Nigeria to buy a part of our reserves for $60b in cash….we did not take that offer. We seem keen on taking this $15b Indian offer, and we should, its a great… Continue Reading →

The Economy $15b, Indian Offer, NNPC

Sell the Assets …(and liabilities)

Posted on September 26, 2016 by kalu Aja

As regards my short article on selling the NNPC and the NLNG. It’s important I clarify my position so it’s clear. I do not support the selling of any State Owned Enterprise (SoE) to raise cash for the Government to… Continue Reading →

Politics, The Economy Asset Sale, Indorama, NLNG, NNPC

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