Standards, second to none.
An Integrity Intercontinental Group Company.
"Setting the pace in the Nigerian and Global Crude Oil, Gas and
Petrochemicals industry for over 15 years by educating, teaching, revealing deep truths,
connecting and providing turnkey solutions for Crude Oil, Gas and the
Petrochemicals industry's users globally.
Delivering Genuine Global Crude Oil, Gas
& Petrochemicals Solutions & Transactions To Our World.
NIGERIAN CRUDE OIL AND GAS.
Nigeria and China negotiate over coal exploitation
The Federal government has begun negotiations with some Chinese
companies over the exploitation of Nigeria's abundant coal resources
estimated at over 1.5bn tons. The Managing Director of Nigerian Coal
Corporation, Dennis Okafor said approval has already been given to a
“Group of Chinese Companies” to build seven power stations across the
country using coal.
According to Okafor, "all over the world, coal has always been a major
contributor to the energy demands of any nation. Around the world, it is
the same everywhere. We cannot hide the fact that Nigeria is seriously
endowed with coal resources. In fact, studies done on Nigerian coal
deposits show that we have over 1.5bn tons of black coal in Nigeria.”
“But there is the other one too, lignite, which is the immature coal.
That one has not been fortified. It has a very large deposit at the same
time. Coal is a major source of energy. It is used in power generation,
firing the boilers of factories, in the cement and battery industries
coal remaining essentials. Even at the domestic front, instead of using
firewood to cook, we have what we call coal briquette or smokeless coal
which we can use for cooking. I am sure this will impact seriously on
Nigeria's energy demand if it is well exploited.”
"The present administration is seriously looking into the coal resources
of the country now -- first of all, as a major energy source for power
generation. Government is trying to look at a different direction --
from gas to coal now. There are programs that are going onto that
effect.”
Also, there are people from outside the country who want to come in and
use our coal for power generation. There are so many of them. With time,
the situation is going to change. The problem we had in the past was
that as soon oil was discovered, we started showing too much interest in
oil and forgot about other sectors. And now, the gas power plants are
not meeting the energy demands of the country -- just as it does not
meet the energy demands of any country too.”
“We have identified coal as a major alternative which has to be
exploited. So the government is doing something in that direction. In
addition to this, a number of foreign companies want to come in now to
generate power using coal. That is the situation of things now.”
"We were at the Presidential Villa the other day when a Chinese Group of
Companies came -- they want to build about nine power plants within the
country using coal. They have been given the go ahead order but they are
still working out their modalities.”
“Government used to be the only operator in the coal industry. But since
2001, government decided that enough is enough -- that it would no
longer be directly involved in the coal industry. To this end, the
government decided that anything that has to do with mining should be
given out to private companies to manage while it sits back as an
administrator or regulator.”
"That is why in the case of the Nigerian Coal Corporation, activities
are slowing down now because the company is being privatized. The first
step that has been taken in this direction is that all the areas of coal
deposits where the company was operating have now been blocked like oil
blocks.”
“There are nine of them which were advertised for bidding. The bidding
has been done and companies have won the blocks. In the meantime, they
are tidying their papers with the Bureau for Public Enterprises and
mobilizing to take over so that the government will just be the
regulator and not the operator."
