NewStats: 3,259,390 , 8,169,977 topics. Date: Saturday, 24 May 2025 at 08:33 PM 14376v

The Federal Executive Council announced the award of a $21m contract for the metering of 187 crude oil flow stations in Nigeria, to properly for the country’s production and exports.

It also disclosed that the council awarded another contract for the deployment of software that would enable the government to monitor the movement of Nigeria’s crude from the point of loading of every cargo in Nigeria up to the point of the cargo’s destination.

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who disclosed this at a press briefing in Abuja, stated that the initiatives would further give clarity on the volumes of crude produced in-country as well as the amount exported to other nations.

He said, “Two days ago, the Federal Executive Council meeting was held, presided over by Mr President, where we took some very bold steps to reorganise the oil and gas sector. One of the key approvals by the Federal Executive Council has to do with awarding a contract for the metering of our 187 flow stations across the Niger Delta region of Nigeria by the Nigerian Upstream Petroleum Regulatory Commission.

“NUPRC is the apex regulatory agency or commission for the Nigerian oil and gas upstream sector. As part of our steps to ensure that we have proper ability, the Federal Executive Council approved the metering of all our production. We have 187 flow stations in the country, and there was a contract awarded for us to meter all the flow stations so that we’ll be able to properly for what we produce and what we export.

“It is a major development that has never happened in this country. And this project is meant to be completed within six months, within 180 days. And it is important that Nigerians know some of the key steps that this government is taking to ensure that we maximise opportunities that other countries are getting by the availability of oil and gas in Nigeria.”

Lokpobiri pointed out that the approved cost for the deployment of the meters was $21m, adding that it would be complemented with advanced cargo tracking technology.

“The second key issue is what we call advanced cargo. As part of the steps towards ensuring that we for what we produce, and then Nigerians get the maximum value for what we produce, the second memo that was approved by the council has to do with what we call advanced cargo.

“This means we are awarding a contract to a company that will provide the technology within 180 days, the same period, to enable us to know from the point of loading of every cargo of crude oil that’s loaded in Nigeria up to the point of destination. That’s why I call it advanced cargo.

“So if from Forcados Terminal, where crude oil is loaded, I can stay in my office and know when it is taken off from Nigeria up to the final destination. You will agree with me that most of the time you talk about the issue of oil theft. Major steps haven’t been taken. But this is the time for us to take some major steps so that we know from the beginning what we produce to the point of loading from our terminals up to the point of destination,” Lokpobiri stated.

The minister said the main objectives of those decisions were for Nigeria to ramp up crude oil production and grow its revenue from oil sales.


“ that oil is still the fastest way we can raise the funding we need to be able to address our economic and social problems. And so one of the steps we are taking as a government is to ensure that there is proper ability.

“That is why this project was awarded and is to be delivered within 180 days so that we will know when a cargo is loaded, we will monitor it through digital technologies, up to when it is delivered at the final destination, and that will increase our federation revenue,” he added.

There have been concerns around crude oil production in Nigeria, as domestic refineries have repeatedly complained of being starved of crude by international oil companies.


Also, industry experts have complained about the lack of transparency in getting the actual crude oil volumes produced in the Niger Delta.

Modular refiners as well as officials of the Dangote Petroleum Refinery have repeatedly called for the provision of crude for their plants, while independent oil producers recently stated that Nigeria has to produce about two million barrels of crude daily to meet its local oil demand as well as that of export.

Nigeria currently produces less than 1.3 million barrels of crude oil daily and this is less than the 1.5 million barrels daily production quota approved for the country by the Organisation of Petroleum Exporting Countries.

But Lokpobiri stated on Friday that with the deployment of the software and metering of the 187 flow stations, the country hopes to get the actual volumes of crude produced in Nigeria, a development that would also help in the drive to ramp up crude oil production.

“The database and the control centre are dedicated to tracking our crude oil export from the point of loading to the final point of sales in any part of the world where our crude oil may be sold. Having said that, it’s also important to inform you that we’ve been able to bring back the confidence of the investing community.

“You recall that for the past 12 years, there has been no major investment in Nigeria. But since the inception of this istration, and since I was appointed as minister, we have been able to work very hard to rekindle the confidence of the investing community,” he declared.

The minister also disclosed that the Port Harcourt refinery would soon come on stream, but did not mention the date when the plant would start producing refined petroleum products.

https://punchng.com/fg-awards-21m-contract-to-meter-187-oil-stations/?utm_source=telegram&utm_medium=social

Alaye, FG don finally use meter take measure di oil stations? Dem don JAMB level be dat.

Very good, but i'm afraid the operators will be bribed to keep mum about where some of the loaded trucks would end up. More agencies like the EFCC should be created to monitor corruption specifically in that sector.

Great move to improve the oil sector and boost economic growth.

Na good tin, make dem continue to dey our oil stations.

Someone is somewhere thinking how to somehow by the metering.

Good morning to all nairalanders

This is like a case of putting the cart before the horse. This is a country without working institutions. Where any and everything goes. Someone will by the meters and nothing will happen. This is an exercise in futility unless the metering would be manned and monitored by a foreign company not d in any way to our politicians.

Nice move.

What in the name of fraud is this

Paraman:


https://punchng.com/fg-awards-21m-contract-to-meter-187-oil-stations/?utm_source=telegram&utm_medium=social

As far as he couldn't give clear date when Port Harcourt refinery would kick off, I started doubting everything he says, until I see it in reality

Hope it's not an inflated contract because even after installation they will tell masses different thing while the meter will record different thing too

Hope the meters are live transmiters of readings

But again should the oil companies not be the one doing this

Is this not part of production?

For decades I've been clamouring against unmetered oil exploration.
Right from the time the Dutch, Italian and British oil Giants set foot into Nigeria, they have been exploring our oil without any form of measurement.
All the politicians kept quiet because they all benefit from it. The governors of oil producing states knows about it but they prefer to keep quiet.

Arostar2023:
This is like a case of putting the cart before the horse. This is a country without working institutions. Where any and everything goes. Someone will by the meters and nothing will happen. This is an exercise in futility unless the metering would be manned and monitored by a foreign company not d in any way to our politicians.

Encourage government infrastructure not just criticism all the time. This minister is working hard minister

See how they believe so much in the reliability of this technology but will quickly tell you Nigeria is not ripe for electronic voting and result announcement.

Hmm you can imagine the volume of oil being stolen everyday

We are talking about upstream here. It to measure crude oil production

Remman:
Very good, but i'm afraid the operators will be bribed to keep mum about where some of the loaded trucks would end up. More agencies like the EFCC should be created to monitor corruption specifically in that sector.

64yrs too late
Do you what has been stolen in Nigeria crude oil over the decades?
It’s too bad

How long will it take? I need am badly for my daily bread.

Without metering how have we been measuring our oil export all these years? Reality is that no 3rd World oil producing country can be allowed to measure their oil cause it will disrupt global economy that depends on mostly free crude from developing countries. This attempt will be resisted by them using unconventional means.

meobizy:
How long will it take? I need am badly for my daily bread.

6 month

Abagworo:
Without metering how have we been measuring our oil export all these years? Reality is that no 3rd World oil producing country can be allowed to measure their oil cause it will disrupt global economy that depends on mostly free crude from developing countries. This attempt will be resisted by them using unconventional means.

some of you clowns eh

Remman:
Very good, but i'm afraid the operators will be bribed to keep mum about where some of the loaded trucks would end up. More agencies like the EFCC should be created to monitor corruption specifically in that sector.

The more agencies, the more corruption!

Corruption looting continues
$21million for just metering
Tinubu is well known thief
Nigeria is under complete state capture.

Paraman:
some of you clowns eh

Nigerians like reacting to what they know nothing about.

Will this bring down the cost of living or crash the dollar against the Naira?

Mtchewwwwwwwwwwwwwwwwww!!!!

Mtchewwwwwwwwwwwwwwwwww!!!!

Idiots, always focusing on nonsense.

Some people's business bursted