PENGASSAN strike: NNPC laments losses as union halts action
The PUNCH reports that both PENGASSAN and the management of the 650,000 refinery have been at loggerheads.
Where Truth Meets Purpose
The PUNCH reports that both PENGASSAN and the management of the 650,000 refinery have been at loggerheads.
According to him, two large-scale illegal operations were dismantled on July 22 and 23, in Biseni Community, Bayelsa, with over 450,000 litres of crude oil recovered.
He said: “As we speak today, we buy 9–10 million barrels of crude monthly from the US and other countries.
He specifically mentioned the Lomé Floating Storage Terminal, a vast offshore oil depot situated just off the coast of Togo, as a major threat to Africa’s refining ambitions.
Again, in January, Obasanjo said, “I was told not too long ago that since that time, more than $2bn have been squandered on the refineries and they still will not…