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Libya oil firm closes major oil field
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Libya’s National Oil Corporation announced Sunday the closure of production at a major oil field in the country’s south, declaring a “force majeure”.
“On Saturday… the Al-Fil field was subjected to arbitrary closure attempts, due to the entry of a group of individuals and the prevention of the field’s workers from continuing production,” the NOC said on Facebook.
It added that the field was shut down on Sunday — marking the second closure in a matter of weeks — “making it impossible for the NOC to implement its contractual obligations”.
The firm said it “is obliged to declare a state of force majeure” and would no longer be able to provide crude to the Mellitah complex on the country’s northwestern coast.
Declaring force majeure is a legal move allowing parties to free themselves from contractual obligations when factors such as fighting or natural disasters make meeting them impossible.
According to Libya’s state news agency, the closure comes after a group of individuals declared that they were halting production “until a government appointed by parliament takes office in the capital”.
Libya has recently once again found itself with two rival governments after the eastern-based parliament in February appointed a new prime minister in a direct challenge to the UN-brokered government in Tripoli.
The move underlines the extent of divisions in the war-wracked country as observers fear a renewed descent into violence.
Al-Fil, some 750 kilometres southwest of Tripoli, is jointly managed by the NOC and Italian energy giant ENI and produces around 70,000 barrels of oil per day.
The field had already been forced to close temporarily in early March when an armed group shut down valves delivering crude.
Oil revenues are vital to the economy of Libya, a country sitting on Africa’s largest known reserves.
News
Delay in PMS Supply: Dangote Refinery Pushes Date to Mid-July
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Dangote Petroleum Refinery and Petrochemicals, located in Lagos State, has postponed the supply date for Premium Motor Spirit (PMS) from June to mid-July.
Aliko Dangote, the President and Chief Executive Officer of the refinery, cited a slight delay but assured the public that the commodity would be available in the market by the second to third week of July.
Dangote made these remarks during a visit by a Senate delegation led by Senate President Godswill Akpabio to the $20 billion facility in Lagos on Sunday.
Akpabio praised the refinery, calling it the “9th wonder of the world,” and commended Aliko Dangote for the project.
The refinery, owned by the billionaire businessman, began operations last December with a capacity of 350,000 barrels a day. It has already started supplying diesel and aviation fuel to marketers in the country.
Oil marketers are hopeful that the petrol prices from the Dangote Refinery will be significantly lower than the current retail prices of imported refined products, which range from N568 to N700 depending on the region.
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FG Declares June 12 as Democracy Day Public Holiday
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The Federal Government has announced Wednesday, June 12, 2024, as a public holiday to commemorate this year’s Democracy Day.
Minister of Interior, Olubunmi Tunji-Ojo, conveyed the declaration on Tuesday, extending congratulations to Nigerians on the occasion.
He emphasised the significance of reflecting on the contributions of the nation’s founding fathers, urging unity and commitment to Nigeria’s prosperity.
“As we mark another Democracy Day in the history of our dear country, let us all reflect on the efforts of our founding fathers and ensure that Nigeria remains a united, secured, peaceful, and indivisible entity,” Tunji-Ojo stated, underscoring the importance of democratic principles.
Also, Tunji-Ojo reaffirmed President Bola Tinubu’s dedication to implementing positive reforms aimed at revitalising the economy and bolstering security measures.
Encouraging citizens and friends of Nigeria to acknowledge the progress achieved, the minister expressed optimism for Nigeria’s democratic future, extending warm wishes for a joyful Democracy Day celebration.
Since the advent of the Fourth Republic 25 years ago, Nigeria has traditionally observed Democracy Day on May 29, commemorating its return to civilian rule from military dictatorship.
However, in 2018, President Muhammadu Buhari shifted the date to June 12 in honour of Chief M.K.O Abiola, a symbol of democracy.
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Oyo: I’ll fulfill all campaign promises – Oseni reassures
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Member representing Ibarapa East/Ido Federal Constituency of Oyo State in the House of Representatives, Engr. Aderemi Oseni has reiterated his commitment to fulfill all his campaign promises to his constituents.
The Chairman of the House of Representatives Committee on Federal Road Maintenance Agency (FERMA) made this assurance on Sunday while speaking at the PhD graduation thanksgiving service of Rev. Dr. Ebenezer Oluwaponmile Oderinde at Grace Baptists Church, Apete Ibadan.
According to a statement by his media aide, Idowu Ayodele, the lawmaker, who led the congregation in prayer and sermon, used the occasion to appreciate the constituents for reposing their confidence in him as expressed through their votes during the last election.
His words: “By the grace of God Almighty, I will ensure I fulfill my electoral campaign promises to all communities. I have already fulfilled some, and those who are yet to see theirs should not worry because it’s a promise, and I will fulfill it.”
He congratulated Rev Dr. Oderinde, the minister in charge of Grace Baptist Church, Awotan, on his attainment and prayed for Grace to use the new level to win more souls to God’s kingdom.
In his brief sermon, Oseni, who is also a Regional Overseer at Mountain of Fire and Miracles Ministries (MFM), counseled people to always reference God and be closer to Him to enjoy the full benefits of serving the Almighty.
“I am who I am by His grace, and I will continue to reference God as long as I live because I am a product of grace, and I believe with Him, everything is possible,” remarked the APC chieftain.
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