₦airaland Forum

madridguy:
It is a pity Ojukwu is no longer around for him to apologize to his people for leading them to a point of no return, because of his selfish interest.

For many years, the story making the rounds was that it was Murtala Muhammed that ordered the soldiers to fire in Asaba. Who is this Ibrahim, again?? In fact it was said that Murtala Muhammed gave direct orders during the event. Read it all here: http://www.nigeriavillagesquare.com/articles/lawrence-chinedu-nwobu/remembering-murtala-muhammed-the-butcher-of-asaba.html

So when did the story change?

TOP OIL COMPANIES IN THE WORLD

British Petroleum (BP): BP (also referred to by its former name British Petroleum), is one of the world's six "supermajor" oil and gas companies. It is a British multinational company, headquartered in London, England, whose performance in 2012 made it the world's sixth-largest oil and gas company, the sixth-largest energy company by market capitalization, and the company with the world's fifth-largest revenue (turnover). https://en.wikipedia.org/wiki/BP

BP has a CEO Bob Dudley, who received a BS in chemical engineering from the University of Illinois, where he joined the fraternity Phi Kappa Psi and served as District 3 Archon. He then obtained an Master of International Management, MIM, degree from the Thunderbird School of Global Management and an MBA from Southern Methodist University.

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Statoil ASA, (OSE: STL), is a Norwegian multinational oil and gas company headquartered in Stavanger, Norway. It is a fully integrated petroleum company with operations in thirty-six countries. By revenue, Statoil is ranked by Forbes Magazine (2013) as the world's eleventh largest oil and gas company and the twenty-sixth largest company, regardless of industry, by profit in the world. http://www.statoil.com/en/About/Pages/default.aspx

CEO is Eldar Sætre, President and chief executive officer. He has an MA in business economics from the Norwegian School of Economics and Business Administration (NHH) in Bergen. http://www.statoil.com/en/NewsAndMedia/News/2015/Pages/04Feb_EldarSaetre_CEO.aspx

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Royal Dutch Shell Plc: One of the most respected oil companies in the world, it was created by the merger of Royal Dutch Petroleum and UK-based Shell Transport & Trading. It came second in the Fortune Global 500 2014 list, but it is now the fourth largest company in the world as of 2014, in terms of revenue. Although the company has registered a huge drop in profit by around 40% from the previous year, it is hopeful of improving its operational performance and project delivery. In fact, on April 7, 2015, the company proposed a merger with the British gas producer BG group for $69.7 billion cash and stock. It is interesting to note here that this is the first big acquisition of the oil and gas industry this year, and will make Shell the largest producer of liquefied natural gas in the world. Royal Dutch Shell revenue was equal to 84% of the Netherlands' $555.8 billion GDP at the time in 2013. https://en.wikipedia.org/wiki/Royal_Dutch_Shell

CEO is Ben van Beurden is the CEO of Royal Dutch Shell Plc. Van Beurden joined Shell in 1983, after graduating with a Master’s Degree in Chemical Engineering from Delft University of Technology in the Netherlands.

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Exxon is the second largest company in the US as far as revenues go. The world's 5th largest company by revenue, ExxonMobil is also the second largest publicly traded company by market capitalization. The company was ranked No. 6 globally in Forbes Global 2000 list in 2014. However, its revenues have dropped by more than 7 percent from the previous year along with decreased oil production and increasing exploration expenditures. As of 2013, the company had about 71.9 million barrels of natural gas and 13.2 million barrels of liquid proved reserves. Exxon has three divisions: Upstream, Downstream and Chemical with upstream being the biggest of them all. Exxon is also the biggest refiner in the world with a refining capacity of around 5.5 million barrels per day, with Royal Dutch Shell in second place with a refining capacity of around 4.1 million barrels per day. https://en.wikipedia.org/wiki/ExxonMobil; http://www.forbes.com/sites/christopherhelman/2015/03/19/the-worlds-biggest-oil-and-gas-companies/3/

CEO is Rex Tillerson, a native of Wichita Falls, Texas, Rex Tillerson earned a bachelor of science degree in civil engineering at the University of Texas at Austin before joining Exxon Company, U.S.A. in 1975 as a production engineer. In 1989, he became general manager of Exxon Company U.S.A.’s central production division, responsible for oil and gas production operations throughout a large portion of Texas, Oklahoma, Arkansas and Kansas. Tillerson was named senior vice president of Exxon Mobil Corporation in August 2001, and was elected president of the corporation and member of the board of directors on March 1, 2004. He assumed his current position on January 1, 2006.
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Petrochina: With around half a million employees, Petrochina, the listed arm of state owned China National Petroleum Corp. (CNPC) is easily one of the biggest oil and gas companies in the world. CNPC is the parent of PetroChina, the fourth largest company in the world in terms of revenue as of July 2014. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing and Natural Gas and pipeline. It engages in the exploration, development, production and sale of crude oil and natural gas. The company also involves in the refining of crude oil and petroleum products, production and marketing of primary petrochemical products, derivative chemical products and other chemical products; the marketing of refined products and trading business; and the transmission of natural gas, crude oil and refined oil products and the sale of natural gas. https://en.wikipedia.org/wiki/PetroChina

CEO is Wang Dongjin is the Vice Chairman and President of the Company and Deputy General Manager of CNPC. Mr. Wang is a professor-level senior engineer and holds a doctorate’s degree. Mr. Wang has nearly 30 years of working experience in China’s oil and gas industry.He was appointed as a Director of the Company in May 2011. he was appointed as the president of the Company in July 2013. Mr. Wang was appointed the Vice Chairman of the Company in May 2014.

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Sinopec : Top Chinese Oil company Sinopec Group also known as China Petroleum & Chemical Corporation, ranked No.3, on Fortune Magazine's published list of the global top 500 companies for 2014, with annual operating revenue of US$457.201 billion. Sinopec Group which owns Addax Petroleum, entered the top ten for the first time in 2010, ranking at No.7, and moved up to No.5 in 2011. Sinopec Group ranked at No.5 and No.4 in 2012 and 2013 respectively. It moved up a rank to replace Royal Dutch Shell as the world's second largest company in oil and gas. It is a Chinese oil and gas company based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York. Sinopec's business includes oil and gas exploration, refining, and marketing; production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil products, petrochemicals, and other chemicals. It made over 455 billion USD in 2014.

CEO is Fu Chengyu, is the current Chairman of China Petroleum and Chemical Corp (Sinopec), the largest Asian refiner. He previously worked at the China National Offshore Oil Corporation (CNOOC), which foresaw a five-fold increase in its profits during his presence. He was born in 1951, and is a Chinese citizen of Han ethnicity. He graduated from the Northeastern University (China), receiving a master's degree in petroleum engineering from the University of Southern California, and later studied at the Cheung Kong Graduate School of Business. In December 2014, Chengyu was named among the most influential people in the shipping industry according to Lloyds List. See more at: https://en.wikipedia.org/wiki/Fu_Chengyu____________________________________________________________________________________

Total S.A is a French multinational integrated oil and gas company and one of the six "Supermajor" oil companies in the world. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. Total is also a large-scale chemicals manufacturer. The company has its head office in the Tour Total in La Défense district in Courbevoie, west of Paris. It made over 212 billion US dollars in 2014.

CEO Patrick Pouyanné, Chief Executive Officer - President of the Executive Committee, Total SA: A graduate of École Polytechnique and an Engineer of the French Corps des Mines, Patrick Pouyanné held various positions in the French Industry Ministry and in ministerial offices from 1989 to 1996, including Environment and Industry Technical Advisor to the Prime Minister from 1993 to 1995 and Chief of Staff to the Information Technology and Space Minister from 1995 to 1996. In August 2002, he was named Senior Vice President, Finance, Economics and Information Systems in Exploration & Production. In January 2006, he became Senior Vice President, Strategy, Business Development and R& in Exploration & Production. In January 2012, Patrick Pouyanné was appointed President, Refining & Chemicals and member of the Executive Committee. On October 22, 2014, the board of Directors of Total appointed Patrick Pouyanné Chief Executive Officer and President of the Executive Committee.
- See more at: http://www.total.com/en/media/biographies/executive-committee#sthash.j7VtVlgO.dpuf

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Chevron Corporation (NYSE: CVX) is an American multinational energy corporation. One of the successor companies of Standard Oil, it is headquartered in San Ramon, California, and active in more than 180 countries. Chevron is engaged in every aspect of the oil, natural gas, and geothermal energy industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world's largest oil companies; as of 2014, it ranked third in the Fortune 500 list of the top US closely held and public corporations and sixteenth on the Fortune Global 500 list of the top 500 corporations worldwide. https://en.wikipedia.org/wiki/Chevron_Corporation

CEO is John S. Watson, Chairman of the Board and Chief Executive Officer. Watson joined Chevron in 1980 as a financial analyst. He earned a bachelor’s degree in agricultural economics from the University of California, Davis, in 1978 and a master’s degree in business administration from the University of Chicago in 1980.
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Petróleos de Venezuela, S.A. (PDVSA - Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil, as well as exploration and production of natural gas. Since 1st January 1976 with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, and is the world's fifth largest oil exporter. Oil reserves in Venezuela are the largest in the world, and the state-owned PDVSA provides the government of Venezuela with substantial funding resources. Venezuela has 77.5 billion barrels (1.232×1010 m3) of conventional oil reserves according to PDVSA figures, the largest in the Western Hemisphere and making up approximately half the total. This puts Venezuela as fifth in the world in proven reserves of conventional oil. By also including an estimated 235 billion barrels (3.74×1010 m3) of tar-like extra heavy crude oil in the Orinoco Belt region, Venezuela claims to hold the largest hydrocarbon reserves in the world. Venezuela also has 150 trillion cubic feet (4.2×1012 m3) of natural gas reserves. PDVSA made 128.44 billion US dollars in 2014. https://en.wikipedia.org/wiki/List_of_largest_oil_and_gas_companies_by_revenue

CEO is Rafael Darío Ramírez Carreño (born August 4, 1963, in Pampán, Venezuela) is a Venezuelan engineer and politician. He joined the board of Venezuelan state-owned petroleum company PDVSA in 2002 and served as company president from 2004 to 2014. He also served as Venezuela's Minister of Energy from 2002 to 2014. https://en.wikipedia.org/wiki/Rafael_Ram%C3%ADrez_(Venezuela)

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Saudi Aramco : Is officially the Saudi Arabian Oil Company, most popularly known just as Aramco (formerly Arabian-American Oil Company). It is the Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. Saudi Aramco's value has been estimated at anywhere between US$1.25 trillion and US$7 trillion, making it the world's most valuable company.

Saudi Aramco has both the world's largest proven crude oil reserves, at more than 260 billion barrels (4.1×1010 m3),[4] and largest daily oil production. Saudi Aramco owns, operates and develops all energy resources based in Saudi Arabia. According to 2015 Forbes report, Aramco is said to be the world's largest oil and gas company. Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. Its 2013 crude oil production total was 3.4 billion barrels (540,000,000 m3), and it manages over 100 oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves. Aramco operates the Ghawar Field, the world's largest onshore oil field, and the Safaniya Field, the world's largest offshore oil field. See more at: https://en.wikipedia.org/wiki/Saudi_Aramco

CEO is Amin al-Nasser, Chief executive of Saudi Aramco with 33 years' experience at the world's largest energy company. Nasser – who before being named CEO was Aramco’s senior vice president for upstream operations – holds a bachelor's degree in petroleum engineering from King Fahd University of Petroleum and Minerals in Dhahran, Saudi Arabia. He started his career at Aramco in 1982, working as an engineer in the oil-production department, and later held posts in engineering, drilling and reservoir management.

Between March 1991 and May 1997, Nasser held a number of supervisory positions in the engineering and production departments. In 2006, Nasser was named vice president of petroleum engineering and development, before becoming the acting head of exploration and production in August 2007. In January 2008, Nasser was appointed senior vice president of exploration and production. Nasser is a longstanding member of the Society of Petroleum Engineers (SPE), and in early 2008 was named a senior member of SPE’s Advisory Board

See more at: http://english.alarabiya.net/en/perspective/profiles/2015/05/02/Amin-al-Nasser-incoming-CEO-of-oil-giant-Saudi-Aramco.html

As seen above, most of the top largest oil firms in the world with the highest revenues, have an engineer at the helm of affairs. The few that do not have an engineering background, often took over from an engineer who had probably laid the ground work for the growth of the oil firm.

ire700:
Dr Ibe Kachikwu's appointment: Major Conflict of Interest
This appointment clearly demonstrates that the Buhari administration is “actively” or even worse “unwittingly” serving American interests.
While many Nigerian Easterners may be happy that an “Igbo man” is appointed to a top position by Buhari, nobody realizes that Ibe Kachikwu’s nomination was demanded by the US as a condition for their “assistance” in locating Nigerian funds embezzled by the Jonathan administration.

The new NNPC bow is a Nigerian-American CIA operative, and an Exon Mobile board member.Does Buhari know what “conflict of interest” means? How can an agent of a foreign oil corporation be appointed managing director of the State oil Company? Such an appointment is treasonous and illegal!

According to a source close to Exon Mobile, Ibe Kachikwu‘s nomination is aimed at accelerating the privatization process of NNPC, that Exxon Mobile is actually interested in acquiring. https://www.nairaland.com/2502258/president-buhari-nnpc-md-kachikwu/3#36616726

Er... I think the correct term is 'treasonable', not 'treasonous'.

But your final comment gives a lot of food for thought. You mean ExxonMobil is interested in acquiring NNPC's assets, if the corporation is eventually broken up ??! Is this true?

You don't say!! This kind of comment is depressing, though. Most of the cases where state owned enterprises have been split or unbundled have never ended up being in the public interest. Just take a look at NEPA, which was unbundled into GENCOs, DISCOs, TCN, ECN, NERC, NBET etc. Too many bodies & too much confusion. You are unsure where each one's job begins and where such functions, end.

Has it made the power sector more efficient or has it increased the output of power? Last time I checked, power generation was still under 4,500MW.

The undertakers have truly arrived in NNPC. May God have mercy on us all.

What is the lifespan of the political office of an NNPC GMD?

Every correct answer gets 20 marks!

claycares:
Ask those in the oil and gas industry, they will tell you that Kachikwu is even more corrupt than the past Petroleum Minister. I have about 3 transactions we are working on where himself and his previous employer ExxonMobil have perpetuated fraudulent practices. Another wrong choice to head NNPC.

Talking about fraudulent practices that ExxonMobil Africa carried out in the past, please read this report;

ExxonMobil: Tiger or Turtle on Social Responsibility?

Exxon seems scared of releasing information about its operations and their environmental consequences: company publications and official statements on environmental issues are amazingly sparse in number considering the size and importance of the company. Exxon apparently wants to guard against making any commitments that it might not be able to keep or that could be misused by the company’s ‘enemies’. By promising little or nothing, the company can hardly be accused of not fulfilling its promises at a later stage. (Estrada, et al. 1997:108)

Angola has been wracked by civil war between the government and the National Union for the Total Independence of Angola (UNITA). The conflict was fuelled by the sale of diamonds by UNITA and oil by the government. Angola is known for poor governance, lack of press freedom, transparency, accountability, rule of law as well as protection of human rights. In 1998, when oil prices slumped, the government used about $870 million generated from signature bonus payments on oil exploration and offshore deepwater concessions to pay for its weapons purchases.

According to the Angolan foreign minister, these funds were earmarked ‘for the war effort’ (HRW,2001b). Exxon, BP Amoco and Elf were the main sources of such funds. These companies play a dominant role in relevant blocks and new rounds of bidding for offshore concession blocks are expected to attract record sums of cash down-payments from the multinational oil companies.

Human Rights Watch and Global Witness have argued that oil companies are not transparent about their payments to the Angolan government or the state-owned company Sonangol.

BP was the first company to recognise that its involvement in Angola could be problematic and from 1997 has commissioned an annual independent social assessment of its impact in Angola. In 2000, BP decided to publish key financial data on its Angola operations (Christiansen, 2002).

By contrast, ExxonMobil has not spoken publicly about potential problematic aspects of its activities in Angola. According to Lee Raymond, head of ExxonMobil, the company has scrupulously observed its contract confidentiality agreement with the government, although he is ‘not sure’ the governance record of Angola’s leaders is satisfactory. He claims that disclosing a government’s revenue could be seen as influencing how it is spent, which would not be a proper role for private companies. ExxonMobil has also been criticised in connection with the ExxonMobil-led construction of a pipeline from Chad to Cameroon (see below). NGOs claim that the project will damage the environment and have negative social and economic consequences.

Shell had to take all the blame for the Brent Spar incident even though this was a joint 50/50 venture between Shell and Exxon. According to Grolin (1998:216), Exxon ‘ducked its head and left it to Shell to take the heat’ while the Brent Spar conflict lasted.

Finally, Mobil has been challenged over its role in Nigeria and Kazakhstan. In 1998, shareholders pressed the company to review its investments in Nigeria, in light of the human rights situation. Mobil finally undertook to raise two cases of detainment with the Nigerian government (HRW, 1999). http://www.fni.no/doc&pdf/FNI-R0703.pdf

ire700:
Dr Ibe Kachikwu's appointment: Major Conflict of Interest
This appointment clearly demonstrates that the Buhari administration is “actively” or even worse “unwittingly” serving American interests.
While many Nigerian Easterners may be happy that an “Igbo man” is appointed to a top position by Buhari, nobody realizes that Ibe Kachikwu’s nomination was demanded by the US as a condition for their “assistance” in locating Nigerian funds embezzled by the Jonathan administration.

The new NNPC bow is a Nigerian-American CIA operative, and an Exon Mobile board member.Does Buhari know what “conflict of interest” means? How can an agent of a foreign oil corporation be appointed managing director of the State oil Company? Such an appointment is treasonous and illegal!

According to a source close to Exon Mobile, Ibe Kachikwu‘s nomination is aimed at accelerating the privatization process of NNPC, that Exxon Mobile is actually interested in acquiring.

Er... I think the correct term is 'treasonable', not 'treasonous'.

But your final comment gives a lot of food for thought. You mean ExxonMobil is interested in acquiring NNPC's assets, if the corporation is eventually broken up ??! Is this true?

You don't say!! This kind of comment is depressing, though. Most of the cases where state owned enterprises have been split or unbundled have never ended up being in the public interest. Just take a look at NEPA, which was unbundled into GENCOs, DISCOs, TCN, ECN, NERC, NBET etc. Too many bodies & too much confusion. You are unsure where each one's job begins and where the other party's functions, end.

Has it made the power sector more efficient or has it increased the output of power? Last time I checked, power generation was still under 4,500MW.

The undertakers have truly arrived in NNPC. May God have mercy on us all.

luckypty:
Mini flat(room n parlour self contain) at paradise estate lekki for rent. Fenced compound,water and electricity,security etc. Rent: N350k. Interested? Pls contact. : 08035687824 or okhumudede_luck@yahoo.co.uk

Still waiting!

claycares:
I dey laugh, Dr Kachikwu of all people Dieziani is better of this corrupt man. A man who lured DPR to grant consent to an asset divestment to a ghost entity/company that dies not exist, Kenda Nigeria Limited? The case is even in court. The man oversabi the corruption work. In fact Esso/ExxonMobil is the most corrupt IOC in Nigeria. They don't give out contract without collecting bribe. I'm watching in 3D.
https://www.nairaland.com/2502258/president-buhari-nnpc-md-kachikwu/3

Guy, why are you doing this now? Why are you in such a hurry to let the cat out of the bag...??! This piece of info, was meant to be the final joker in the pack of cards! Haba! Take time, oh..

And how can you say that Mobil is the most corrupt IOC? What about Saipem and Eni Agip? The chaps with the 'creative accounting' system??

claycares:
I dey laugh, Dr Kachikwu of all people Dieziani is better of this corrupt man. A man who lured DPR to grant consent to an asset divestment to a ghost entity/company that dies not exist, Kenda Nigeria Limited? The case is even in court. The man oversabi the corruption work. In fact Esso/ExxonMobil is the most corrupt IOC in Nigeria. They don't give out contract without collecting bribe. I'm watching in 3D.

Guy, why are you doing this now? Why are you in such a hurry to let the cat out of the bag...??! This piece of info, was meant to be the final joker in the pack of cards! Haba! Take time, oh...

XBLadez:
Ngeneukwenu and Omenka, two fagg0ts with fake identities. Why would someone drop dead at mere picture? You jobless bunch don't even know what to say. To hell with the Daura Du.llard and his appointees. Even if my dad is appointed today, I'll still oppose B0ohari. Quote me wrongly and die before 9pm

Leave them! Haba! May God give you long life and good health. Ask yourself, what is the average life span of an NNPC GMD in that office?

It hovers between 8 months to 2.5 years. Dont worry, we will be having this conversation in another 18 - 24 months after he is made a scapegoat, and the executive decision to make him step aside is announced on radio and NTA Network news!!

UncleJudax:
Hahaha. You must have retrieved your senses from hibernation. Always try to think before talking poo.

Enjoy the schooling kid.

Sorry Grandpa, you just proved that your mental acuity has been on a steep decline since you entered your dotage.

NB: Applauding the fact that Kachikwu was Vice-Chair in Mobil means nothing, until you give us a breakdown of what the job description entails, and how his duties added value to the technical projects on the field. The scale of Mobil's operations in Nigeria are less than a tenth of what they handle worldwide. So being Vice Chair of Mobil or its African operations is not something that should make anyone trip. I have checked all Mobil's facilities in-country, and it does not include epileptic refineries, cross-country pipelines, LPG production plants (I stand to be corrected on this one), CNG processing plants/stations etc, which are comparable to assets that NNPC has nationwide;

It is like a nurse who has worked in a teaching hospital, being made the Head of the Neuro-Surgery Unit. She may have an idea of the medical terms and what the job entails, but can she take a scalpel and carry out delicate surgery on a patient? I think not.

Anyway, am done bandying words with you...! You have refused to learn

UncleJudax:
Your submission is flawed. The guy is/was the vice chair at ExxonMobil, not some legal representative.

Which means, he must have undertaken the necessary training and qualifying exams...

Bruh you have no case. Deactivate your account

And your case is warped beyond measure. Close your moniker and take a leap out of here....

Tell us exactly what the job of a Vice-Chair in Mobil entails, maybe then people would agree with your analogy. It is like a nurse who has been working in a teaching hospital being made the Head of the Surgery Unit. She may have an idea of the medical terms and what the job entails, but can she take a scapel and carry out delicate surgery on a patient? I think not.

UncleJudax:
You have a hat trick in dumbness. You talk as though Mr Ibe has not been in oil and for for ages.

And you sir, you have a hat trick in playing the ostrich, as if you don't know that job functions are specialised within the oil industry..!

Only pathetic minds like yours', take refuge in insults.

mapet:
My brother,

You dey mind dem? They are making lame arguments. The Current World Bank President comes from a Medical background. Our former minister of Agric, from Agric background is the current Head of Africa Development Bank.............

Jimoh Ibrahim is a Lawyer, Hakeem Bello-Osagie is a Lawyer, Subomi Balogun is a Lawyer..........

I hope you know that banking is NOT the same thing as oil and gas, oh! Please stop comparing oranges with apples!

mapet:
Bros,

You are using analogies that are not the same scenario with the context.
1. There is a difference between the Group Managing Director and an Asset Manager or an Operations Manager.
2. Your second argument is baseless. Kachikwu is there representing an entity and not himself, so saying he opposed the PIB, is ridiculous. Besides, he laid an argument which you failed to comment on, analyze or rebut.....

Bros, the analogies are in perfect tandem with the context, oh!

No one is comparing a GMD to an asset manager or an operations manager. We are comparing knowledge and technical expertise in specific situations.

Yes, Kachikwu is representing an entity... and my comment stating that he was opposed to PIB, was supported by a publication that quoted him verbatim, and the links to that online source was also given. So would his beliefs change overnight, now that he has suddenly been made GMD? Unlikely.

jaybee:
Let someone excuse me here!

..... FURTHERMORE NNPC IS NOT A REFINERY WHOSE BUSINESS IS TO REFINE CRUDE OIL FOR SALE. THAT IS THE WORK OF WARRI REINERY AND PETROCEMICAL COMPANY (WRPC), KADUNA REINERY AND PETROCEMICAL COMPANY (KRPC), PORTHARCOURT REFINERY, ETC. ALSO NNPC IS NOT A GAS COMPANY. WE HAVE THE NIGERIA GAS COMPANY (NGC), GASLINK ETC.

Like I said earlier, your ignorance is appalling.

You claim that: FURTHERMORE NNPC IS NOT A REFINERY WHOSE BUSINESS IS TO REFINE CRUDE OIL FOR SALE. THAT IS THE WORK OF WARRI REINERY AND PETROCEMICAL COMPANY (WRPC), KADUNA REINERY AND PETROCEMICAL COMPANY (KRPC), PORTHARCOURT REFINERY, ETC. ALSO NNPC IS NOT A GAS COMPANY. WE HAVE THE NIGERIA GAS COMPANY (NGC); Chai! You fall my hand with this assertion oh

Who is the largest shareholder of KRPC, WRPC, PHRC or NGC? Is it not the NNPC, who owns federal government stakes in each of these refineries??

Oya, come for tutorial so I can educate you. You won't be charged much! Read this article:

“The most critical player in the current petrol scarcity riddle that is undermining the economy is the Federal Government. Helped by a compromised National Assembly, the government has turned the NNPC into a goldmine for slush funds, bleeding the country of huge revenues. With an approval from the National Assembly, NNPC took a loan of $1.6 billion in 2012 for the TAM of the refineries, but the facilities remain comatose. There is nothing so far to show for the repairs, which the government had said would raise capacity utilisation to 90 per cent. Obviously, it is better to privatise the refineries but another question will be that, won’t they transfer ownership from public to themselves?” http://nationalmirroronline.net/new/beyond-refineries-privatisation/

Now why would NNPC take a loan of $6 billion to fix the ailing refineries if they are not part owners of such refineries? Are they a bank?

You can also read this part:

NNPC REFINERY PORT HARCOURT
! In 1978, Federal Government acquired the remaining 40% equity of Shell and BP in NPRC. Name changed to NNPC Refinery Port Harcourt.
! New Organizational structure established by NNPC ,Chief Executive Officer ‘s title changed to Managing Director and reported to GM Refineries, NNPC Corporate Headquarters.
! Major policy and operational strategy changes occurred to bring Refinery Management under NNPC Corporate Supervision.
! Bureaucratic style of Management was entrenched – Refinery became a cost centre for NNPC Operations, supplying all its products to PPMS for sales, marketing and distribution....

THE PROBLEMS OF NIGERIAN REFINERIES
The problems are presented as follows: Inadequate Funding and Autonomy

1. Managing Directors’ inability to secure adequate working capital from the NNPC Corporate Headquarters.
2. Managing Directors’ inability to exercise full autonomy to commit the required funds, as necessary to procure chemicals, and catalysts, equipment, spare parts, other plant consumables and contract out services from suppliers and experts. This is due to very low limits of financial authority from the NNPC Corporate Headquarters.
3. The bureaucratic process of approvals, which in some instances required as many as 27 signatures to get critical maintenance spend signed off. These problems originated from the centralisation of powers at the NNPC Corporate Headquarters in Lagos and later in Abuja , away from the refineries’ operations. These problems affect all activities of the refineries directly or indirectly in varying degree of severity.
! The approval processes do not have time limits. They may take a long (up to 6months) or relatively short time (within a few weeks).....
http://tandice-bsolutions.com/rokdownloads/Summit/RefinerySummitContributions.pdf

mapet:
Bros your argument is flatly wrong
1. There is a difference between technical capacity and Leadership capacity. Having both is a big plus, but having the former alone does not qualify you for leadership of a company not to talk of NNPC
2. Petroleum Engineering and Commercial aptitude are what you pick on your way up. If you're in a good organisation and you're identified as top talent and prepared for leadership, you would have been put to a packaged rotation program that will take you round the various aspects of the Oil and Gas value chain, from technical to commercial. This will give you the basic requirements needed to lead the business. The mistake many people make is that because it's Oil and Gas, an Engineer should lead. Truth is, those with the deeper knowledge and insight will properly define the business from the value perspective and tell you that the business is about creating value from crude sales, as such engineers are just a part of the critical requirements.
3. The former MD of Shell in Nigeria, Mutiu Sunmonu, had a first class in Computer Science.......... need I say more

I believe the wisdom in bringing Ibe-Kachikwu is to have a change in paradigm, someone from the private sector to reinvigorate and re-engineer NNPC; a clear departure from the politicians and career NNPC civil servants.......

Chai! I cannot believe you said this.... . Petroleum Engineering and Commercial aptitude are what you pick on your way up??!

ROFLMAO

I can understand how management expertise may be picked up, but petroleum engineering...! Ye gods! Please share how it is picked up oh!

jaybee:
Let someone excuse me here!

[b]YOUR SHALLOW POST BETRAYS YOUR IGNORANCE OF WHAT NNPC NEED AT THIS TIME. MAY BE YOU DON'T EVEN KNOW WHAT NNPC IS, IN THE FIRST PLACE.

NNPC IS NOT AN OIL PRODUCING COMPANY WHICH REQUIRES A PETROLEUM OR TO BE MORE SPECIFIC, A RESERVOIR ENGINEER TO MANAGE A DAMAGED COMPLEX AND DEPLETED RESERVOIR USING ENHANCED OIL RECOVERY TECHNIQUES WITH THE OBJECTIVE OF INCREASING ULTIMATE RECOVERY AND OPTIMIZE PRODUCTION VOLUMES. THAT IS THE TASK OF OPERATING COMPANIES LIKE NPDC, SHELL, TOTAL, EXXONMOBIL, CONOIL, CHEVRON, SEPLAT, LEKOIL AND MANY OTHERS.

FROM THE SKETCHY PROFILE OF THE NEW GMD, HE IS SIMPLY A ROUND PEG IN A ROUND HOLE. I MEAN A PERFECT APPOINTEE WHO HAS WHAT IT TAKES TO LEAD NNPC IN ITS TRANSITION TO A VIABLE ENTITY FIT TO PLAY A CENTRAL ROLE IN THE NIGERIAN ECONOMY.

MOST PROBLEMS OF NNPC ARE THOSE OF ADMINISTRATION, DISREGARD FOR EXTANT LAWS, CRIMINAL CONTRACTING, OPAQUE SYSTEM RESULTING TO OUTRIGHT THEFT OF GOVERNMENT REVENUES. THESE ARE FAR DISCONNECTED FROM OPERATIONAL OR ENGINEERING CHALLENGES.[/b]

Goodness! Your ignorance knows no bounds!! NNPC has upstream, midstream and downstream assets, joint ventures and production companies. Tell me how a lawyer would perform better than an experienced geologist or a versatile experienced petroleum engineer with technical expertise in these areas. Everything is not about grammar, oh! That part you spooled about reservoir engineer, sounds like you copied and pasted it from a source. For your info., NNPC has production companies in its kitty.

Ever heard of NPDC? or Nigerian Gas Company (NGC) ? Or the several flow stations and JV oil production facilities where it owns a stake? So you think the Shell, Mobil, Agip, Lekoil would NOT shaft you or give you the short end of the stick because you are in a partnership to develop an oil well? How sad! These are the same companies that cannot give a clear picture of what they produce at their terminals each month, but they are quick to shout about the millions of barrels lost to oil theft!

You think your compliance lawyer Kachikwu will stop the disregard for extant laws? Something he could NOT even do in ExxonMobil? Do you know how many regulations were broken by ExxonMobil over the past few years with your candidate at the helm? Even in NNPC, breaches of the laws are done with active connivance of the legal advisers and government people, oh. Some of the projects where government dashes out huge money, do you realise that such funds come directly from NNPC coffers and the GMDs cannot say no??!

Administration is not rocket science, I hope you know. There are several eminently qualified Igbo engineers that are good administrators.

Your reference to a so-called opaque system of contracting is baffling. Which opaque system? Most of the equipment in the oil and gas industry were obtained from Original Equipment Manufacturers (OEM), so some of the tenders cannot be thrown open to every Ajala, Emeka and Ibrahim as they would need to go back to the OEMs to get the replacement parts or units. Apart from that Nigerian tendering processes in the oil and gas industry went online about 5 years ago in order to boost transparency. Ever heard of NipeX?

Changes in oil & gas bid tendering system:

In an analysis gleaned from Rigzone.com, it was gathered that changes to the oil and gas industry bids tendering processes actually changed on the 1st January 2010 when the pre-qualification stage was modified to require pre-registration in a re-worked online system for all suppliers prior to bid submission.

The online tendering site is expected to simplify supplier selection, as well as the contract approval process and the procurement process between multinational oil and gas exploration and production companies and the Nigerian National Petroleum Corporation (NNPC).
It would be recalled that the changes in the oil and gas bid tendering processes was initiated by the NNPC which created an online electronic center in 2005 to stream-line the contracting process in Nigeria.

The electronic centre metamorphosed into the Nigerian Petroleum Exchange (NipeX), a virtual community that links buyers and suppliers. The NipeX has increasingly played a role in the tender process and has become a hub of tendering in the oil and gas industry.
Last year, the NNPC issued a directive urging industry to take note that from the beginning of 2010, all tenders within the National Petroleum Investment and Management Services (NAPIMS) must be processed through the NipeX portal. Since then, all manual submissions of contracting documents for approval have not been entertained leaving very little room for under hand dealings.

At the moment, all contracting documents go through the NipeX portal, an indication that all suppliers of goods and services in the Nigerian oil and gas industry must register to be eligible to participate in new opportunities.
Checks revealed that the introduction of NipeX has updated the pre-qualification stage of the three-step tendering process with the online registration, application, and processing system; leaving the rest of the bidding process intact.

Only registered and pre-qualified companies can submit rigs or services for a job after paying a registration fee of $200, and a filling out a brief application. There is also a Joint Qualification System (JQS) in place which identifies pre-qualified suppliers in NipeX based on certain criteria.

To qualify, the NipeX Joint Qualification System (NJQS) team must first audit the company, in part to ensure Nigerian content. A prequalification audit conducted by NAPIMS and Achilles (NipeX) includes a mandatory visit to the supplier’s site or facility.
If the audit is successful, the company is qualified for up to two years. Suppliers cannot register and become qualified after the tender starts, thus it is important to register early to avoid missing out on future requirements.
- See more at: http://www.vanguardngr.com/2010/05/nigerias-oil-industry-tendering-process-goes-online/#sthash.gfqsaH0K.dpuf

So what are you hyperventilating about? Is it because you come from the same village?

fyneguy:
What are you on about? Is Wale Tinubu not a Lawyer? Is Oando not doing well? Have you ever been a member of a management team? Is Kachikwu going to be the only one managing NNPC? Don't you think other members with technical know-how will also be appointed? Is NNPC's operation markedly different from Mobil's?

Don't be funny. Is Oando the size of NNPC? Does Oando have as many ongoing projects as NNPC? Do you even know the brains behind Oando? You only see Wale Tinubu in front and you think everything flows from him?

Yes, Oando does not have 4 epileptic refineries and as many oil fields that NNPC has! Are you talking about shipping, bunkering, oil and gas pipeline networks, JVs etc? Do a comparison of NNPC's assets and Oando's assets before you come here to yarn...

...

TheImp:
SR is Bubu's mouthpiece, more believable then.

Provide proof, please!

philips70:
If you believed that woman performed poorly, do you think she did so because she is not well versed in the affairs of the sector and highly inexperienced or it's because she succumbed to personal interests and political pressures?

Both!!!

samofson:
A consigliere can never be the head of a family unless the family is in transition or on its way down.

I guess the New GMD will be some sort of reciever who will maximise the value of NNPC by restructuring and eventually spilting it as well as selling off or closing down unprofitable and moribund divisions. He will then be replaced by operations oreinted people who will run the day to day affairs of the split NNPC.

If that is PMB's plan for Kachikwu, than kudos to him. No better person to finally put the nail in NNPC's coffin than Kachikwu but if he is there to continue to run NNPC then we all are on a very long thing!.

Gbam!! Gbam!!! Gbam!!! Na you get am pass.

Now you see why I said the 'undertakers' had come, in my very first post on this thread?? Hehehehe....

Actually, there is no section of NNPC that is unprofitable. They have only had a number of bad managers in sensitive posts, and the rubbish started when people from outside the system were brought in as heads of dept in some subsidiaries. Those outsiders were political appointees that lacked expertise in the areas they had been posted to manage. So what do you expect would happen?

philips70:
A corporate lawyer with bias for oil and gas law, who have been a major player in top management level in the upstream sector and also with good character will do it perfectly well. If this news is true, Buhari is the man and will continue to shame naysayers.

Guy, have you worked in the upstream and downstream sectors of the oil industry before? If you have, you would not advocate such a view point. Have you forgotten Diezani's ineptitude?

Eluala:
My brother your head dey there. You know to the uninitiated, once you are in oil industry automatically you can occupy any position. This like deja vu. Exactly the sentiments some of us expressed when the immediate past minister was appointed on account of being a director of external affairs at Shell. An architect by training who never even got involved in managing any oil and gas delivery or related project or facility. Now Baba has brought a lawyer, whose broad based understanding of the industry is at best limited. What is wrong with these people really?

Is like appointing a lawyer, who had a long career working in health institution as Chief Medical Director of a hospital. No doubt he is a technocrat, but is he fit for the job....i seriously doubt. Too bad really.

Thank you, jare! People find it difficult to understand such basic issues. I remember once while supervising logistic operations at a gas field, at the discharge point we noticed that water was leaking from the gas turbine, where gas was being fed into the unit.

My boss who was a petroleum engineer immediately called up the head of field operations and barked: "which of your wells is producing water?!!" They couldn't tell stories to him, because he knew his onions. Sharp, sharp the guys on the field had to do something to address the situation. Can you imagine if my boss had been a lawyer?

Na plenty memo dem go dey still carry up and down, dey find cause of the problem until dem tire!

Meanwhile, this same Kachikwu is against the Petroleum Industry Bill (PIB). Read all about it here:

On the Petroleum Industry Bill pending before the National Assembly, Dr. Kachikwu said IOC’s do not have a problem with proposing a bill to guide the industry, but cautioned that the present fiscal terms of the bill are not workable for oil companies, due largely to the excessive powers given to the Minister of Petroleum Resources, the logistics challenges with the Nigerian Navy, the Ministry, militant activities, hostilities against expatriate and the MEND threats
http://scannewsnigeria.com/news/iocs-blame-fg-over-gas-flaring/

Kindly note that IOCs have been against the PIB for like forever o! Kindly note that he did not even provide solutions that could make it work.

SenseiX:
I nor fit argue this one abeg , he is eminently qualified, PMB try for this one

Bros, yes he is eminently qualified as a general counsel, not as the head of an organisation that requires technical expertise in addition to managerial ability, like NNPC.

There are several Igbo engineers excelling in various oil companies that have carried out great projects in the oil sector both at home and abroad. PMB should have looked in their direction.

It seems he did not learn from the mistakes of the past administration that appointed Diezani, from Shell.

SenseiX:
Confirmation from SaharaReporters lalasticlala. Front page
http://saharareporters.com/2015/08/04/president-buhari-appoints-exxonmobil-vice-chair-head-nigerias-petroleum-corporation
President Muhammadu Buhari has approved the appointment of the Executive Vice Chairman of ExxonMobil Africa, Emmanuel Ibe Kachikwu, to head Nigeria National Petroleum Corporation (NNPC). Kachiku is expected to take over from from Joseph Darwa at the NNPC headquarters in Abuja around 3:00 PM Nigerian time.

Emmanuel Kachikwu

Kachikwu, trained lawyer, was born and raised in Onicha Ugbo in Aniocha  North local government area of Delta State.

Bros, answer my questions, biko nu!

Sweetlemon:
Lol. Fashola is. Do you have any idea how much Akwa-Ibom collects from the FG? Compare that to the state population. Then compare it to Lagos population and ask yourself if you are being fair.

Nah, don't compare what is being collected from the federal govt. Please compare total revenue from both the federal govt and internally generated revenue (IGR).

Lagos earns far more than Akwa Ibom, when you look at it from that angle. With the number of ports, commercial establishments, ready sources of tax that Lagos has, Fashola should have done more but his greedy godfather took the lion share of the state's entitlements.

Ex-governor Lamido of Jigawa State is another good performer. Peter Obi of Anambra should also be commended.

Sweetlemon:
I don't care even if North has it all now. Wait till 90% is made before you can conclude! May I refresh your memory that Jonathan's key appointees were all SE and SS Why don't you see anything wrong with it?
You don't know jack about Akwa-Ibom politics. Oron people were strongly against Udom. Do you remember that some Akwa-Ibomites were shot dead for daring to oppose PDP on the election day?
I must say though that from Udom's CV, I am ok with him, I'd like to see what he can do first before I conclude about him and yes I agree the Akpabio is our best Governor ever.

Point of correction ... Akpabio is the best Nigerian governor, ever! If it was possible to rotate best-performing governors to other states, I'll rotate Akpabio to Rivers, Taraba, Kogi, Ogun, Benue etc. Let him go and work his magic, in each of those places!

Sai Akpabio!

hinwazaka:
A day after Mr Darrel Issa of the Republican party visited PMB with a promise to lift the ban on arms agreement and trade with Nigeria, this decision was made and you are all happy with it. Mr Ibe will serve only interests that are alien to that of the APC government . It is synonymous with Sanusi's role in the GEJ administration. This is a plus for the PDP not the APC

Tell dem!!!

They did not learn from their mistakes with Diezani who was brought in from Shell.

tola9ja:
Senator DINO MELAYE: "Kogi Is The Most Backward State In The Country Of Nigeria"

In another country, people would have removed their shoes and thrown it at this man!

SenseiX:
He specialises in energy law and has been the head of all ExxonMobil's operations in Africa, so he has the requisite experience, the energy sector is not limited to engineers alone and since Buhari plans wide institutional reforms in the NNPC, who better than an energy lawyer with experience in management to handle the field.
Buhari got it right on this one

Guy, study the history of past GMDs of NNPC. These are people with technical expertise and managerial ability, oh! How long did they last on their seats?

Come back in the next 2 years and repeat this same comment you typed up here...!

SenseiX:
He is the Executive Vice Chairman Africa For ExxonMobil so he's basically responsible for all their operations in different African nations, Nigeria included

Guy do you understand the meaning of what you just typed up here! What is the scope of this 'operations,' that you are talking about? What are the things that fall under this scope of 'operations'? Pray, do tell.

Did you even read my post at all? What technical expertise is the man bringing to the table apart from his knowledge of commercial law? His bio says "he oversees the compliance programs of the company and advices on issues related to adherence with compliance regulations." Is that what is needed to revamp NNPC? Will that keep the outdated refineries operating at 90% capacity?

Am not impressed with big titles, as they do not necessarily mean much. What is the job description of his Executive Vice Chairman role?

We are waiting...!