A FLORIDA SEA TOW CAPTAIN SAVED A MAN FROM A BURNING SHIP ONLY TO BE SHOVED OVERBOARD AND HAVE HIS BOAT STOLEN.(PHOTO)

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 No good deed goes unpunished.  A Florida sea tow captain saved a man from a burning ship only to be shoved overboard and have his boat stolen. This shocking incident occurred near Marco Island on March 6th. On that date, a call went out regarding a burning boat. The captain of a sea tow boat heard the distress call and rushed to provide aid. He was able to quickly locate the burning boat and  discovered 40-year-old, Ryan Deiter, and his dog onboard the burning ship. Wasting no time, the captain of the sea tow boat was able to maneuver alongside the distressed boat and begin efforts to extricate Deiter and his dog from the doomed vessel.  Eventually, the sea tow captain was able to pull both Deiter and his dog onboard the tow boat. However, once Deiter was pulled to safety, he repaid a stranger's kindness with treachery.  Deiter shoved the captain from his own boat and fled the scene in the stolen boat, leaving the man who had just risked his own vessel and life...
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NNPC LTD NOT THE SOLE OFFTAKER; MARKET OPEN TO LOWER PRICES FROM ANY DOMESTIC REFINERY. (PHOTO). #PRESS RELEASE.

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 PRESS RELEASE


NNPC Ltd Not the Sole Offtaker; Market Open to Lower Prices from Any Domestic Refinery


The attention of the NNPC Ltd has been drawn to a press release by the Muslim Rights Concern, MURIC, which claims that the Dangote Refinery Limited (DRL) is being undermined by actions of the Nigerian National Petroleum Company Limited (NNPC Ltd). Specifically, MURIC asserts that recent changes to the pump price of Premium Motor Spirit (PMS) will prevent the Dangote Refinery from offering lower prices and that NNPC Ltd. has become the sole offtaker of all products from the refinery.


To set the records straight, NNPC Ltd. wishes to further state as follows:


1. The pricing of petroleum products from any refinery, including the Dangote Refinery Ltd. (DRL), is determined by global market forces. The recent changes in PMS prices have no impact on the DRL or any other domestic refinery's access to the Nigerian market. In fact, if current prices are perceived as high, it presents an ideal opportunity for the refinery to sell its products at lower prices in the Nigerian market.


2. Furthermore, we emphasize that there is no guarantee of lower prices associated with domestic refining compared to any global parity pricing framework, as confirmed by the DRL. The NNPC Ltd. will only fully offtake PMS from the DRL if the market prices of PMS are higher than the pump prices in Nigeria. The DRL and any other domestic refinery are free to sell directly to any marketer on a willing buyer, willing seller basis, which is the current practice for all fully deregulated products. NNPC Ltd. has no desire or intention to become the distributor for any entity in a free market environment, and therefore, the notion of becoming a sole offtaker does not arise.


3. The NNPC Ltd. cannot undermine a business in which it holds a billion-dollar stake.


4. As an advocacy group for fair and just treatment, MURIC should have verified the facts before making statements that are entirely flawed and has the potential to incite ordinary Nigerians against the NNPC Ltd.


Olufemi Soneye

Chief Corporate Communications Officer

NNPC Ltd.

Abuja


7th September, 2024

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