Connect with us

Uncategorized

Masters Energy Floats 20,000bpd Refinery

Published

on

Kindly share this post

Masters Energy, an indigenous petroleum firm said that it will build a modular refinery with a designed capacity of 20,000 barrels per day (bpd) in Port Harcourt, Rivers State.
Mr. Sampson Uchechukwu Ogah, president of the company, said the refinery, which will be located within its multi-billion naira Energy City, is expected to process Escravos Light/Bonny Light crude to produce Premium Motor Spirit (PMS), Liquefied Petroleum Gas (LPG) Dual Purpose Kerosene (DPK), Automotive Gas Oil (AGO) and fuel oils when completed.
He said that "Based on the current market demand, it is anticipated that about 40 per cent of the finished products will be consumed locally, while arrangements are made through our technical partners to export the balance,"
According to him, Masters Energy City crude oil (feedstock) supply is expected to be sourced from the Federal Government’s allocation and from the Nigerian National Petroleum Corporation (NNPC).
Besides, he said the Federal Government’s assurance would be obtained with regards to the allocations once the milestone of the Erection Completion Contract (EPC) is achieved.
The company had recently commissioned its Energy City in Port Harcourt, with a fully completed tank firm of 150,000 metric tonnes capacity. Of the total capacity, PMS has storage opportunity of 60,000mt while AGO has 30,000mt, DPK can be accommodated with 20,000mt while ATK and LPFO have 10,000mt each, other chemicals, however, have a reserved 28,000mt capacity.
Ogah said the facility was strategically located in Port Harcourt with business initiatives to capture the Eastern, South-South and Northern markets of the Nigerian downstream sector.
Besides, he said the citing of the project in Port Harcourt was informed by the need to minimise the associated pressures often experienced by marketers in marketing and distribution of petroleum products especially from Lagos to other parts of the country.
He noted that the construction and building plans of the facility are of API 650 Standards and has received accolades from different stakeholders.
Ogah described the concept as a one-stop energy centre "where we can boast of having every contemporary energy facilities in one location; We have constructed a 158,000 metric towers storage facility now, so that we would not need to build another storage facility when we are putting up the refinery," he said.
Apart from the storage facility, he said the company is proposing a lubricant plant and a gas plant, which would be undertaken in the second phase.
"We are going to have a gas plant, because if you look at it now the main priority of the Nigerian petroleum industry is the gas sector, because most of the subsidies that are being given for petroleum products are now being transformed to the gas industry, so we are now moving into gas utilisation," he said.
Masters Energy intends to set up an integrated Liquefied Petroleum Gas (LPG) plant in its Energy City Logistics Centre. The plant will handle and receive LPG at its own Jetty, which allows about 30,000 tonnage tankers to discharge conveniently.
The decision to also build a bitumen plant, he said was due to the dearth of supply of the product to the Nigerian market and the need to reduce construction and production cost in the Nigerian economy. The plant is designed to accommodate 10,000mt of bitumen.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Comments

Uncategorized

NCC Arrests Man for Hacking into DSTV System

Published

on

Kindly share this post

Nigeria Copyright Commission (NCC), has arrested one Mr Aliu Olalekan, for allegedly hacking into DSTV system and watching the channels free without subscription.

NCC Arrests Man for Hacking into DSTV System

Mr Matthew Ojo, NCC Director in the Lagos Directorate Office said this while speaking with newsmen in Lagos, on Tuesday.

He said that the suspect used to watch DSTV channels free without subscription on his Android phone via an app which he downloaded on google play store.

“This suspect distributed the know-how to his telegram followers and on his blog with the aim of gaining more followers and viewership on his blog and makes more money through google ad-sense.

“The operation was based on surveillance which had earlier been carried out by the Multi-choice team and verified by a copyright inspector, ” he said.

He added that the arrest was made in collaboration with a team of copyright inspectors led by the Head of Enforcement Department, Mr Charles Amudipe.

Others included; a team from Multichoice Nigeria led by Mr Umar Ibrahim and policemen from Lagos Command Headquarters, Ikeja.

Ojo said that the joint team conducted an anti-piracy operation at the premises of the culprit in Amukoko, Lagos.

According to him, the suspect was contacted on phone by a member of the operation team on the disguise of patronising him. “The suspect came out to meet the caller and in the process of discussion, he was apprehended.

“The suspect took the team to his resident. The squad paraded his one-room apartment and recovered his laptop and phones used in perpetrating the ungodly act. “He was arrested and brought to the copyright commission office for further investigation, ” he said.

Ojo said that, on getting to the commission’s office, the statement of the suspect was taken and the inventory of items seized from him taken. He said that investigation on the matter was still ongoing and if found guilty the suspect will be charged to court.

 


Kindly share this post
Continue Reading

Uncategorized

NCC, Digital Encode Support NITRA Innovative Tech Forum On Post-COVID-19 Strategies

Published

on

Kindly share this post

The Nigerian Communications Commission (NCC), Nigeria’s telecommunications regulator and Digital Encode, Cybersecurity and Compliance advisory company, have indicated interest to partner with the Nigeria Information Technology Reporters Association (NITRA), the national umbrella body of ICT reporters, as it organizes a forum that will x-ray the industry’s future plans for ICT growth post pandemic era.

 

The event, slated to hold on October 15, 2020, will seek to discuss the needs for a fortified ICT sector after the COVID-19 era, and the level of preparedness of ICT stakeholders to embrace the challenge of being pivotal to the stability and growth of all other sectors.

 

A statement from NITRA National Secretariat in Lagos indicates that due to the pandemic and need to observe the COVID-19 protocol on social distancing, the event will be held via a Webinar.

 

This year’s theme, “Multi-stakeholder Approach To National Recovery Post-Pandemic”, is in line with the annual event’s generic theme, ‘NITRA Innovative Tech Forum’, a contribution by NITRA to the development of Information and Communication Technologies (ICTs) innovations and policies in Nigeria.

 

Prof. Umar Danbatta, executive vice chairman, NCC is expected to deliver the keynote speech at the event and will throw more light on Federal Government’s plans, programmes and policies on post-pandemic strategies using ICT.

 

Dr. Adewale Obadare and Dr. Seyi Akindeinde, founders of Digital Encode, while accepting to support the event expressed their readiness to offer their expertise in Cybersecurity for organisations to prepare against cyber- attacks with the new normal.

 

They will also highlight areas that are high risks that need fortification in terms of cybersecurity.

 

Speaking on the event, Mr. Chike Onwuegbuchi, national chairman, NITRA, noted that as the COVID-19 pandemic continues to leave its negative trails across the globe, economic reboot for countries will not only depend on how well they readapt to the new normal, but also more on their recovery plans.

 

According to him: “While the federal government has consistently expressed its willingness to set all policies in place to engender growth, and accelerated implementation of these policies, private sector firms have also shown great hunger for the task ahead in post-COVID-19 era.

 

However, the question that needs to be answered is whether all stakeholders are ready for the required task ahead.”

 

The event will also offer participating companies opportunities to publicize some of their individual efforts at contributing to reacting a soft landing or lifeline for SMEs and other ancillary companies as the pandemic threatens their survival.

 

Digital Encode is a multi-award winning and leading consulting and integration firm that specializes in the design, management, and security of business-critical networks, telecommunications environments and other Information Technology (IT) infrastructures.

 


Kindly share this post
Continue Reading

Uncategorized

NCC Threatens Illegal Users of GSM Boosters with Arrest, Prosecution

Published

on

Kindly share this post

Nigerian Communication Commission (NCC) has warned telecom consumers to desist from using illegal GSM boosters.

NCC Threatens Illegal Users of GSM Boosters with Arrest, Prosecution

The commission also said that anyone caught using a GSM booster without obtaining approval of a duly licensed network operator will face arrest and prosecution.

GSM boosters are devices that transmit and receive telecommunications signals and can therefore interfere with other radio frequency equipment.

Ikechukwu Adinde, director, public affairs, NCC, said in a notice published on NCC website, that only licensed network operators are allowed to use GSM boosters.

The booster, also known as amplifier or repeater is made up of three main elements – exterior antenna, amplifier, and interior antenna.

They form a wireless system to boost cellular reception

“Members of the public should note that, willful interference with any wireless telegraphy is an offence under Section 16 of the Telegraphy Act, 2004,”it said

The agency said it will not condone any flagrant breach of this law.

It has also enforced measures to prosecute offenders.

Accordingly, monitoring mechanisms have been put in place and anyone caught using a GSM booster without obtaining approval of a duly licensed network operator will face arrest and prosecution.

“Any member of the public with useful information regarding the illegal use of GSM Boosters should contact the Commission on 09-4617000/7351 or send an email to [email protected],” the notice said.

“Individuals desirous of using GSM Boosters should note that they can only do so in conjunction with licensed network operators,” it added.

 

 


Kindly share this post
Continue Reading
Advertisement

Social

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Trending