RWANDA WARNS IT MAY WITHDRAW TROOPS FROM MOZAMBIQUE'S INSURGENCY-HIT CABO DELGADO. (PHOTO).

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 Rwanda warns it may withdraw troops from Mozambique's insurgency-hit Cabo Delgado Rwanda ​has warned that it was ready to withdraw its troops from Mozambique's Cabo Delgado province, ‌where they are helping to counter deadly insurgent attacks, if sufficient international funding for the mission is not assured. The deployment in the gas-rich region in 2021, at Mozambique's request, has helped to stabilise areas previously overrun by an Islamic-linked insurgency, Rwandan government spokesperson Yolande ​Makolo said in a post on X, Reuters reported. Bloomberg reported on Thursday that the European Union's support for the effort is due to expire in May with no plans for renewal. Makolo, referencing the Bloomberg report, said the sustainability of ​the deployment hinges on "adequate, predictable funding". "Should the RDF (Rwanda Defence Force) Command assess that the work being done by Rwandan ​Security Forces in Cabo Delgado is not appreciated, they would be...
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MULTI-BILLION NAIRA MODULAR REFINERIES CAN'T REFINE FUEL DUE TO PRICE REGULATION-NNPC.(PHOTO).

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Multi-billion Naira Modular Refineries Can’t Refine Fuel Due To Price Regulation – NNPC

The Nigerian National Petroleum Company Limited on Wednesday explained that one of the key reasons modular refineries in Nigeria were not producing Premium Motor Spirit, popularly called petrol, was because of the regulated pump price of PMS by government.

A modular refinery is a simplified refinery requiring significantly less capital investment than traditional full-scale refineries. They are crude oil processing facilities with capacities of up to 30,000 barrels per day.

Nigeria has a number of modular refineries in Edo, Delta, Imo and other states, while plans are on to increase the number through private sector investments.

Speaking on the reasons why modular refineries were not producing petrol, during a plenary session at the ongoing Nigeria International Energy Summit 2022 in Abuja, the Group Executive Director, Refining, NNPC, Mustapha Yakubu, said it was due to fuel pump price regulation.

He said, “Some modular refineries should take up to 50,000 barrels per day, but because of financing you can start with 10,000 barrels and then scale up gradually to 50,000 barrels.

“What do you need to do to produce PMS? It is to put additional investment that will put in the cracker required to produce the PMS. But in this period why they (modular refineries) cannot produce PMS is because we are under full regulation.

“So to me, if they produce PMS today, at what cost are they going to produce it and at what cost are they going to sell under this regulated environment?”


 

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