On crude oil theft, illegal refining and modular concept
Chijioke Nwaozuzu
May 9, 2022
BY CHIJIOKE NWAOZUZU The recent accident associated with an illegal refinery site in Egbema/Ohaji area, Imo State in the Niger Delta region has reopened the debate on how to resolve this thorny issue. High youth unemployment, and a desire to get rich quick, no matter how, could be responsible for these activities. Illegal oil refineries […]
On Nigerian PIB and balancing stakeholders’ interests
CHIJIOKE NWAOZUZUFebruary 8, 2021
There is a fundamental interdependence between host countries and the international oil companies (IOCs) in the development of natural resources. The interests of these two parties differ much but mainly converge on resource production-sharing. Two other major stakeholders are the National Oil Companies (NOC’s) and the host communities, and traditionally these two stakeholders’ interests have […]
Emerging Paradigm Shift in Fuels Markets and the Nigeran Economy
CHIJIOKE NWAOZUZUJanuary 13, 2020
For more than a century, fossil fuels have accounted for a larger proportion of global energy supply sources. However, with increasing global environmental challenges, arising from increasing concentration of greenhouse gases (GHGs) associated with fossil fuels combustion, there has been a renewed emphasis on low- carbon intensive and environmentally- friendly energy sources, e.g. natural gas, […]
Global energy transitions & implications for the Nigerian economy
CHIJIOKE NWAOZUZUJuly 22, 2019
By Prof chijioke Nwaozuzu For more than a century, fossil fuels have accounted for a larger proportion of global energy supply sources. However, with increasing global environmental challenges, arising from increasing concentration of greenhouse gases (GHGs) associated with fossil fuel combustion, there has been a renewed emphasis on low carbon intensive and environmentally- friendly […]
Emerging hydrogen energy world: Implications for oil exporting countries
CHIJIOKE NWAOZUZUNovember 12, 2018
Hydrogen has long been used across several industries, including the process for converting heavy petroleum extracts into lighter, exploitable forms of fuel. But the objective of turning hydrogen itself into a viable and clean energy source to power vehicles and heat houses is the potential game-changing solution that could lead the way toward a full […]
Transition from fossil fuel- powered vehicles to electric cars: Future outlook for opec member states
CHIJIOKE NWAOZUZUOctober 22, 2018
In 2009, Margaret Atwood wrote a piece titled ‘The Future without Oil’ for a German Newspaper, Die Zeit. In that famous article, she said “it’s not climate change, it’s everything change”. That piece which is as relevant today as ever, presents us a picture of a possible future of an earth when fossil fuel […]
Shale petroleum poses a threat to OPEC member states
Chijioke NwaozuzuOctober 9, 2018
Unconventional gas resources (shale gas reserves) have existed for several decades, but its production had been hampered by lack of technology, environmental and social issues, and low oil prices. As the price of crude oil started hovering around the $100 per barrel and above, from 2007 to 2014, this trend triggered the invention of the […]
Options for fixing PPMC supply, distribution infrastructure
Chijioke NwaozuzuOctober 2, 2018
NNPC’s network of pipelines, depots, pump stations, jetties, terminals etc are in a dilapidated state, owing to a combination of aging facilities, maintenance neglect and persistent vandalism. National refineries cannot operate effectively and efficiently where the supply and distribution (S/D) infrastructure in colossally compromised. According to PPMC’s figures in 2012, around $2.8 billion is required […]
The hurdles and solutions to crude oil refining in Africa
CHIJIOKE NWAOZUZUSeptember 24, 2018
Most refineries in Africa tend to be medium to large-scale refineries, perhaps because of the state of technology at the time they were built. This article is about presenting a cost- effective and timely option, as represented by the modular refining format. Reviewing crude oil refining in Africa There are a total of 42 refineries […]
Fixing refining business in Nigeria
CHIJIOKE NWAOZUZUSeptember 17, 2018
The issue of deregulation of petrol (PMS) price has been a contentious issue for over two decades, as well as the deregulation of the refining business in Nigeria. However, we need to be clear on what the challenges are and how we go about deregulating the entire downstream petroleum sector. Deregulating the price of petrol […]