San Leon Energy Share Discussion Threads

[linksdean2] 17/5/2017 20:01

" He told an interactive session with a delegation from the UK Royal College of Defence Studies on Tuesday that refining activities peaked at 10 million barrels of crude oil in the first quarter of 2017 alone."

" According to him, this is against eight million and 24 million barrels for the entire years of 2015 and 2016 respectively."


Dr Maikanti Baru, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), says Federal Government’s peace initiative in the Niger Delta has raised production of Nigeria’s three refineries.

He told an interactive session with a delegation from the UK Royal College of Defence Studies on Tuesday that refining activities peaked at 10 million barrels of crude oil in the first quarter of 2017 alone.

According to him, this is against eight million and 24 million barrels for the entire years of 2015 and 2016 respectively.

Baru’s position is contained in a statement released in Abuja by Mr Ndu Ughamadu, NNPC Group General Manager, Public Affairs Division.

Baru, who was represented at the event by the Chief Operating Officer, Gas and Power, Mr Saidu Mohammed, said apart from the upbeat in the refineries activities attributable to the peace initiative, which has lowered the rate of attacks on oil installations, the corporation has recorded an increase in crude oil production to two million barrels per day in recent time.

”As a nation, we have tried all available options, including military, to tackle the security challenge. We have discovered that guns are not as effective as the engagement option.

”The peace we are enjoying now is as a result of the engagement with stakeholders in the region led by the Acting President. We intend to build on that to achieve lasting peace”, Baru said.

He said with the respite in the region, the NNPC would do all it could to build on the gains of the Federal Government to deepen and sustain the peace.

[treenie] 17/5/2017 07:48

Chartrader (and all his aliases) 8 v 0 Linksdean (and all his aliases)

[goodgrief] 16/5/2017 21:23

11. Not forgetting Morocco now wanting their pound of flesh from San Leon
for failing to meet its drilling obligations.