Twenty seven companies including sacked Aviation Minister Stella Odual’s Rainoil have been issued juicy contracts for the importation of petroleum products for the third quarter of 2014.
Rainoil’s name featured prominently on the list of companies which fleeced Nigeria in the ill famous petroleum subsidy scandal investigated by the House of Representatives and two separate panels set up by minister of Finance, Ngozi Okonjo-Iweala before it mysteriously disappeared on the list.
Stella Odua promoted Neighbour to Neighbour, the major political advocacy group that campaigned for President Goodluck Jonathan in 2011 and since leaving government has launched Transformation Ambassadors of Nigeria (TAN) presently in vigorous media campaign for Jonathan’s re-election in 2015.
In addition, leading oil and gas company, Addax Petroleum, an international oil and gas exploration and production company with operations in Nigeria, has incurred the displeasure of government, sources within the Ministry of Petroleum Resources has hinted.
Addax is owned by SINOPEC in partnership with Emeka Offor, politician/business man with very cosy relationship with President Goodluck Jonathan in particular and it was not clear if this development is a sign of a strain in the relationship.
It was gathered that Addax applied about three months ago to develop the Ofrima, Atuma, Udele and Asa oil fields but ignored the parcel of gas deposit therein, subsequently incurring the wrath of the federal government which has always insisted that Associated gas be developed alongside oil. Nigeria has always frowned at international oil companies’ proclivity to develop their oil properties to the detriment of gas. Even though it has a very weak anti-gas flaring regulations.
Federal Government has in the past chastised companies like Shell, Chevron, ExxonMobil and NAOC but the companies prefer to pay penalties than reduce gas flaring since the former is a cheaper option.
According to the senior executives of the ministry, government has rejected Addax Petoleum’s development program for OML 137 in the Nigerdelta.
Also, MRS Oil Nigeria was absent from the list of companies licensed to import petrol in the third quarter of this year according to Reuters quoting Nigerian industry sources.
There has been a significant reduction in the number of companies licensed to import petrol in the third quarter from 40 in the second quarter to 27. Unlike returnees such as Oando, Total, Conoil, Folawiyo Oil and Gas, Forte Oil, Techno Oil, NIPCO and Masters Energy. MRS was conspicuously missing in a development not unrelated to displeasure from ‘high places’.
The 27 companies allocated fuel import rights by the nation’s downstream regulator- Petroleum Products Pricing Regulatory Authority (PPPRA), are expected to import around 1.7 million tonnes for the period, as against the previous quarter’s 1.85 million tonnes.
Some of them are: A-Z, Conoil, Oando, Cybernetics, Folawiyo, Forte Oil, Hyde, Integrated, Matrix, Mettle, NIPCO, Rainoil, and Sahara. Others are Shorelink, Total, TSL, Mobil, Ascon, Dee Jones, Techno, and Masters, among others, which are licensed to import petroleum products between July and September by PPPRA.
Mobil Nigeria PLC, ExxonMobil’s petroleum marketing arm was among those licensed to import larger volumes of between from 30,000 tonnes to 120,000 tonnes.

http://economicconfidential.com/2014/07/stella-odua-others-get-fuel-import-contract/

economicconfidential.com?

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so why did you single her company and name out as well as that of emeka ofor (both igbos) for further analysis

And the impunity continues.