A 3-YEAR-OLD BOY WAS STRUCK BY GUNFIRE AS POLICE BURST INTO A BARRICADED ROOM, ENDING A FRIGHTENING HOSTAGE SITUATION.(PHOTO).

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 A Mother's Day Nightmare in Princeton, Illinois. A 3-year-old boy was struck by gunfire as police burst into a barricaded room, ending a frightening hostage situation. Multiple agencies responded to the Hummingbird Mobile Home Park in Princeton, Illinois, on Sunday, May 10th at 2:42 a.m. The initial call went out as a domestic disturbance but officers discovered much worse.  42-year-old, Anthony Rodriguez, had barricaded himself in a room armed with a knife. Anthony had taken several people as hostages, including Aurora Almanza and her 3-year-old son.  Multiple agencies were on the scene, including the Bureau County Sheriff's Office, Illinois State Police and  the Princeton Police Department.  Authorities attempted to negotiate but ultimately rushed the room when they heard screaming coming from inside.  Officials have reported that officers fired shots as they entered the room. Anthony Rodriguez was hit and was neutralized.  Sadly, Aurora Almanza's t...
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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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