ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Monday, April 19, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Port Harcourt Refinery

Port Harcourt Refinery

Reps to probe ‘missing’ 5.2 million barrels of crude oil

The 5.2 million barrels of crude oil were supplied to moribund Nigerian refineries in 2018.

byPremium Times
March 3, 2021
2 min read
ADVERTISEMENT

The House of Representatives has directed its committee on petroleum to investigate the alleged missing 5.2 million barrels of crude oil allocated to local refineries under the Direct Sales Direct Purchase (DSDP).

The decision to undertake the probe followed a motion of urgent public importance moved by Abubakar Makki from Jigawa state during plenary on Wednesday.

Direct Sales Direct Purchase Agreement (DSDP) replaced the Oil Processing Agreement (OPA) in 2016.

DSDP allows sales of crude oil to refiners, who will in turn supply the Nigerian National Petroleum Corporation (NNPC) with an equivalent worth of petroleum products.

The DSDP has allowed NNPC to be the sole importer of refined products.

Motion

Mr Makki, in his motion, said the House should investigate the 5.2 million barrels of crude oil allocated to the local refineries in 2018.

He also questioned the status of the local refineries who refine the products for the NNPC.

Citing NNPC report of 2019, Mr Makki said 5.2 million barrels of crude were unaccounted for in 2018.

He, therefore, called for the probe of DSDP allocation to local refineries from 2018 till date.

RelatedNews

PDP demands Pantami’s sack over past statements on Al-Qaeda, Taliban

12 confirmed dead in Benue tanker explosion

In Lagos, traffic robbers run amok in broad daylight

INVESTIGATION: Inside the deadly herders-farmers crises in Ogun, worsened by ‘compromised’ soldiers

“The House needs to investigate 5.2 million barrels supposedly allocated to comatose refineries that were unaccounted for by those in charge,” he said.

The committee has been mandated to investigate the “status of unused stock due to the inadequate capacity of the refineries.”

Also, the committee will investigate the rationale for allocating crude oil to the local refineries.

Dangote adbanner 728x90_2 (1)

Controversy

Local refineries in Kaduna, Warri and Port Harcourt have been subjects of investigation by the House, particularly the turn around maintenance of the refineries.

In November 2020, the House resolved to investigate $396.3 million allegedly spent in four years on the turn around maintenance of refineries.

Also, PREMIUM TIMES had reported how the executive is proposing to sell some of the refineries to fund the 2021 budget

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

9mobile, Cherie Blair Foundation partner to support Nigerian women entrepreneurs

Next Post

Nigerian printers lament 300% increase in cost of paper

Premium Times

Premium Times

More News

Nigerian journalists in an interview session[Photo: The Standard]

Panellists discuss need for collaboration between Nigerian media, state institutions

April 19, 2021
Isa Pantami, Minister of Communications and Digital Economy, during an interview with PREMIUM TIMES

PDP demands Pantami’s sack over past statements on Al-Qaeda, Taliban

April 19, 2021
Minister of Defence Bashir Salihi Magashi

Boko Haram: President Buhari happy with troops performance – Defence Minister

April 18, 2021
Chief of Army Staff, Ibrahim Attahiru (PHOTO CREDIT: twitter@HouseNGR)

Troops arrest Boko Haram informant, tighten security in Yobe – Official

April 18, 2021
The Edo State governor, Godwin Obaseki [PHOTO CREDIT: @godwinobasekiofficial]

APC governors disown Obaseki over allegation of currency printing

April 18, 2021
telecoms mast

How telecom mast is causing distress to Badagry family

April 18, 2021
Next Post
A paper mill used to illustrate story

Nigerian printers lament 300% increase in cost of paper

Chinna Okoroafor writes on toxic femininity

Emotional Intelligence: Why We Need More Women Leaders, Chinna Okoroafor

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


Explore Akwa Ibom Ad


Explore Akwa Ibom Ad


Access Bank Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,654,140 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
    • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.