Modular Refineries Not a Solution to Oil Bunkering- Oil Chief

In News 2020-01-03 06:36:41
Modular Refineries Not a Solution to Oil Bunkering- Oil Chief
Modular Refineries Not a Solution to Oil Bunkering- Oil Chief

By Chioma Ezenwafor


Secretary of the Private Depot of Oil and Gas Marketers Association of Nigeria, Osondu Ilodigwe says modular refineries are not a solution to oil bunkering.


Ilodigwe told correspondent Chioma Ezenwafor that the process of oil bunkering is more profitable for those engaging in the illegal activity than regulated modular refining.


He said illegal refining can only be stopped with the constant clamp down and prosecution of offenders.


“I mean when they break the pipes in the water and get it free of charge, it’s always very cheaper for them to do and to sell, they don’t have anything to lose.”


“But when you talk of modular refineries, the product itself, government have to sell it to them so they have to incur money after which they must have to make profit.”


“So in that process, you cannot even say that modular refinery can cut those things, it can engage some people but those people will still like to do it because, in as much as they have access to breaking the pipeline, they can do it than getting the raw material free of charge”, said Ilodigwe.


While attributing the availability of petroleum products during the festive season to the clampdown on sharp practices in the oil and gas sector, Ilodigwe also revealed his association is working with security agencies to ensure that seized illegal petroleum products are sent to the Nigerian National Petroleum Corporation (NNPC) for proper refining and not burnt or destroyed.


“We are really tightening every loose end to make sure things are working well and making sure that marketers are happy buying products and that the importers themselves don’t play pranks”, said the Oil and Gas Chief.


Recall there was no petrol scarcity during the festive season. It is the second year that Christmas and New Year Days were celebrated in Nigeria without fuel scarcity. A feat that was commended especially by commercial drivers who are usually most hit by any petrol scarcity.