Latest News
Duport Refinery Places Order For 100,000 Barrels Of Crude From Oza Oil Field Amid Obaseki’s Transformational Reforms
Duport Refinery Places Order For 100,000 Barrels Of Crude From Oza Oil Field Amid Obaseki’s Transformational Reforms....KINDLY READ THE FULL STORY HERE▶
CEO Of Decklar Resources Inc. Highlights Robust Performance Of Edo State Modular Refineries Amid Petrochemical Transformation
Decklar Resources Inc.’s Chief Executive Officer, Sanmi Fumuyide, has emphasized the impressive resilience of the two modular refineries in Edo State, attributing their continued success to Governor Godwin Obaseki’s sweeping reforms aimed at converting the state into a petrochemical hub. Both refineries have secured substantial standing orders for 300,000 barrels of crude oil from the Oza oil field, according to a press release issued earlier today in Benin City, the capital of Edo State.
Fumuyide disclosed that Decklar Resources Inc. and its partner, Millenium Oil & Gas Company Limited, which manages the Oza oil field, have confirmed these orders. In addition to the 200,000 barrels ordered by the Edo Refinery and Petrochemical Company Limited, Duport Midstream Company Limited has also requested 100,000 barrels of crude from the same field.
The modular refineries in Edo State are currently producing a range of products, including diesel, low pour fuel, and naphtha.
Mr. Fumuyide went on to reveal that the transportation of crude oil from the Oza Oil Field to the Edo Refinery and Petrochemicals Company Limited (ERPC) facility in Edo State has reached a cumulative volume exceeding 55,000 barrels. This includes 10,000 barrels delivered in 2022 under the initial sale and purchase agreement and over 45,000 barrels already delivered in 2023.
Under the terms of the 200,000 barrel agreement, invoices and payments are processed upon the delivery and offloading of each 5,000-barrel batch at the Edo refinery.
Furthermore, deliveries of crude oil from the Oza Oil Field to the Duport Midstream Company Limited (DMCL) refinery are ongoing, with nearly 13,000 barrels delivered to date. DMCL has entered into an agreement to purchase up to 100,000 barrels over the next 12 months.
Despite some permit-related delays in transporting crude to ERPC and DMCL refineries, Fumuyide expressed optimism that newly implemented government regulatory systems will streamline the permit issuance process, ensuring greater efficiency and timeliness in the future.
Latest News
“We Might Lie, But Bishops Won’t”: Senator Kalu’s Audacious Claim About President Tinubu Shocks The Nation.
-
Candid Assessment: Senator Orji Uzor Kalu has suggested that political figures often present an inaccurate picture of Nigeria’s economic and security conditions to President Bola Tinubu.....KINDLY READ THE FULL STORY HERE▶
-
-
Role of Clerics: Praising the Catholic bishops as the national conscience, the lawmaker noted that their counsel remains vital because they deliver unvarnished truths that politicians may withhold.
-
National Hardships: While acknowledging the genuine difficulties currently faced by citizens, Kalu defended the administration’s trajectory and expressed strong support for the bishops’ engagement with the presidency.
-
Professor Segun Aina, a computer engineering scholar, has officially stepped into his role as the new Registrar for the Joint Admissions and Matriculation Board (JAMB).....KINDLY READ THE FULL STORY HERE▶
Taking over leadership at the JAMB headquarters in Bwari, Abuja, Aina succeeds Professor Ishaq Oloyede, whose 10-year, two-term tenure concluded on July 31, 2026. Initially approved by President Bola Tinubu on May 21 when Aina was 39, this appointment marks him as the youngest individual ever to lead the examination body.
When the appointment was first announced, Bayo Onanuga, the Special Adviser to the President on Information and Strategy, highlighted Aina’s deep background in digital infrastructure, public-sector reforms, and national examination systems, noting his historic milestone as one of Nigeria’s youngest computer engineering professors.
In his inaugural address, Aina acknowledged the foundation laid by his predecessor—who is widely credited with modernizing the Unified Tertiary Matriculation Examination (UTME)—and vowed to expand on those achievements. Emphasizing a strong stance against malpractice, he warned wrongdoers that their illicit activities have no place at JAMB, promising to ramp up modern technological investments and deepen partnerships with security agencies to safeguard the integrity of the admissions process.
Latest News
TERROR IN OYO: Governor Makinde Launches Full-Scale Investigation Into Shocking School Kidnapping!.
-
The Commission: Oyo State Governor Seyi Makinde established a Judicial Commission of Inquiry to probe the kidnapping of students and teachers from the Esinele and Yawota communities in the Oriire Local Government Area.....KINDLY READ THE FULL STORY HERE▶
-
-
Meeting at the Villa: President Bola Tinubu met with the Olubadan of Ibadan, Oba Rasheed Ladoja, at the Presidential Villa in Abuja to address the successful rescue of the Oriire captives.
-
No Ransom Policy: President Tinubu emphasized that the government declined to pay a ransom because security forces had mapped out the abductors’ forest stronghold.
-
Military Expansion: To improve response times against terrorism and banditry, the administration is expanding the military from 8 divisions to 12 and setting up additional formations.
-
-
latest11 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics3 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp