• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Energy

Nigeria to become oil bunkering hub in Africa – DPR

Chike Olisah by Chike Olisah
July 12, 2021
in Energy
Nigeria to become oil bunkering hub in Africa – DPR
Share on FacebookShare on TwitterShare on Linkedin

The Department of Petroleum Resources (DPR) has said that Nigeria has moved to become the Marine Petroleum Products Retail Operations (MAPPRO) hub in Africa as it has improved the MAPPRO popularly referred to as “Bunkering”.

The initiative by the Federal Government follows the importance of the petroleum and maritime sectors to the Nigerian economy and the need to continuously synergize their operations.

This disclosure was made by DPR’s Director/Chief Executive Officer, Engr. Sarki Auwalu, while delivering the lead paper at the Fourth Valuechain Lecture and Awards on Monday in Abuja.

RelatedStories

NEITI says Nigeria lost $2.77 billion to oil theft in 2019

NNPC, FIRS, 2 others generated N28 trillion revenue for Nigeria in 3 years – NEITI

April 29, 2022
Timipre Sylva says he has directed NMDPRA to sanction those making profits from fuel crises

FG officially scraps DPR, PPPRA, PEF, for new agencies, sacks their CEOs

October 19, 2021

The lecture has as its title: ‘Enhancing Effective Synergy Between Oil and Gas and Maritime Sectors for a Greater Value Creation.’

READ: Insecurity: Gulf of Guinea remains world’s riskiest – Insurers

What the DPR Chief Executive is saying

Auwalu said, ”Significantly, the DPR has enhanced MAPPRO popularly known as “Bunkering”. This measure is to ensure that Nigeria becomes the principal MAPPRO hub in the region.

“To this end, an international Bunkering conference will be held in the coming weeks to showcase Nigeria’s capacity and capabilities in this respect as well as attract investments and partnerships from across the world.

“Engagements and collaborations with all relevant stakeholders in top gear to make this intentional conference a landmark event that puts Nigeria on the global map for marine products retail.”

He noted that not only does the maritime and oil and gas industry share collaboration, but they also face similar risks and threats in the foreseeable future which includes geopolitical tension, cyber-attacks, crude oil price, decarbonisation, climate-change adaptation, global economic crisis and piracy/theft.

READ: Southern Governors reject proposed 30% profit share for oil exploration in the North

The DPR boss said, “However, with effective synergy and collaboration, both industries can surmount these challenges and turn them to opportunities for our common good and the health of the national economy.’’

He said the recently commissioned Nigeria Oil and Gas Excellence Center (NOGEC) by President Muhammadu Buhari provides Search Rescue and Surveillance Coordination Centre for Oil and Gas Industry which the maritime industry could leverage.

Auwalu said the DPR has deployed the Crude Oil and LNG Tracking to Final Destination (COLT) platform, which complements the National Production Monitoring System (NPMS), to ensure that all petroleum cargoes from the nation’s shores are monitored and effectively tracked.

He said: “This Platform provides credible data for surveillance, security monitoring, product accounting and international trade relationships.

“The platform is also providing a lever for Advance Cargo Declaration ACD) programme and simplifies the obtainment of an Exit Summary Number (ESN) for any shipment.

”Furthermore, DPR shares vital intelligence with relevant agencies of government to ensure maritime safety and economic wellbeing.’’

Auwalu said the Federal Government was putting policies and programmes in place designed to position the Nigerian oil and gas sector regionally and in the global arena notably the Refinery Revolution and Decade of Gas initiative.

Auwalu said they are both geared towards increased in-country utilisation of petroleum to drive Industrialisation, job creation, poverty eradication and additional contribution to the nation’s Gross Domestic Product.

In case you missed it

The DPR had a few days ago announced that it will in the coming weeks, launch a collaborative strategy called Maximum Economic Recovery (MER), aimed at strengthening the oil and gas industry as well as ensure the sustainability of the sector.

The strategy is expected to articulate key delivery programmes to guarantee stability, growth, and development of the industry in line with the federal government’s aspirations.

This is as the oil and gas regulator also listed 5 ways to fortify the Nigerian oil and gas sector for economic stability and growth namely legal, institutional, financial, in-sector diversification and indigenous capacity.

Tags: DPRMAPPROMarine Petroleum Products Retail OperationsNOGEC
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

NEITI says Nigeria lost $2.77 billion to oil theft in 2019
Business

NNPC, FIRS, 2 others generated N28 trillion revenue for Nigeria in 3 years – NEITI

April 29, 2022
Timipre Sylva says he has directed NMDPRA to sanction those making profits from fuel crises
Business News

FG officially scraps DPR, PPPRA, PEF, for new agencies, sacks their CEOs

October 19, 2021
Nigeria to become oil bunkering hub in Africa – DPR
Energy

DPR targets revenue of N3.2 trillion by December 2021

September 16, 2021
Nigeria to become oil bunkering hub in Africa – DPR
Energy

DPR receives $500 million gas investment proposals within a year

August 11, 2021
FG targets increase of Nigeria’s oil reserve to 50 billion barrels
Energy

FG targets increase of Nigeria’s oil reserve to 50 billion barrels

August 10, 2021
Nigeria to become oil bunkering hub in Africa – DPR
Energy

Subsidy Removal: DPR says petrol price could rise to N1,000/litre

July 19, 2021
Next Post
Nigerian banking stocks

Stock market trends bearish amid surge in TRIPPLEG, REGALINS

Comments 1

  1. Habila Theck says:
    July 14, 2021 at 10:44 am

    Another beautiful talk, with the current DPR procedure and requirements for bunkering permits and operations,the idea is dead on arrival. A pronouncement like should had come with notable announcements on changes to the existing protocol. That aside we have the decorian naval approval regime that does not appreciate the dynamics of commercial shipping. Until this twin issues are well sorted we have not started. Bear in mind the security challenges in the region pose a different problem.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Employment Slot: Court dismisses case seeking 1% FCT Indigenes’ Recruitment into Nigeria’s MDAs 
  • NDLEA intercepts 53,520kg of illicit drugs worth over N777 million in first half of 2025 in Edo 
  • African Workforce Summit to tackle Nigeria’s skills and unemployment gap 

Follow us on social media:

Recent News

Industrial Court awards N20 million damages against Edo Govt, 4 others for unlawful sack of staff

Employment Slot: Court dismisses case seeking 1% FCT Indigenes’ Recruitment into Nigeria’s MDAs 

June 23, 2025
NDLEA

NDLEA intercepts 53,520kg of illicit drugs worth over N777 million in first half of 2025 in Edo 

June 23, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics