Skip to content
September 11, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Fuel Scarcity to Worsen as Oil Workers Threaten Shut Down over Sale of Oil Blocs
  • National News

Fuel Scarcity to Worsen as Oil Workers Threaten Shut Down over Sale of Oil Blocs

Admin May 19, 2015

PENGASSAN-NUPENG-300x250Employees of the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), have been directed to shutdown indefinitely their locations and all oil production facilities nationwide in a bid to force the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke and the federal government to reverse the transfer of operatorship of OMLs 42, 40 and 30.

The assets were previously operated by Shell.

The directive to shut down the facilities was issued Monday by the executive councils of the Petroleum and Gas Senior Staff Association (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG).

To this effect, all branch chairmen of the unions have been directed to fully implement the directive starting from Wednesday, May 20, 2015.

The unions are aggrieved that the sale of the assets did not follow due process and would affect the fortunes of the NPDC and its workers.

Mr. Emeka Offor’s Elcrest Exploration and Production Nigeria Limited, a joint venture company of Eland Oil & Gas Plc, was awarded the operatorship of OML 40, while Mr. Ernest Azudialu Obiejesi’s NECONDE is the operator of OML 42.

No fewer than three flow stations have already been shut down in the creeks of the Niger Delta ahead of Wednesday’s total shutdown.

Nigeria is the largest producer of crude oil in Africa and the sixth largest in the world but corruption has ensured that Nigerians do not get the best of the bounty from oil. Government after government has kept operations in the sector as opaque as possible to encourage a festering of corruption.

Already, there is fuel scarcity in some parts of the country with Lagos worst hit. Nigeria is the only member of OPEC with a perennial history of fuel crises. The latest action from the oil unions means more trouble for Nigerians as it will further impair any attempt to address the lingering fuel scarcity in some parts of the country.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar recommended

Post navigation

Previous Commentary: Regreening Our Habits
Next Court Orders GTBank to Refund Illegally Withdrawn N5.3bn from Customer’s Account

Related Stories

NCoS, traditional rulers strengthen partnership for reintegration of ex-inmates
  • National News

NCoS, traditional rulers strengthen partnership for reintegration of ex-inmates

September 11, 2026
Xenophobic attacks: NASS suspends official engagements to South Africa Senate passes Finance Bill
  • National News

Xenophobic attacks: NASS suspends official engagements to South Africa

September 11, 2026
Dangote refinery proves Africa can build at scale – Sanwo-Olu
  • National News

Dangote refinery proves Africa can build at scale – Sanwo-Olu

September 10, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Christian faith does not require abandoning good values, cultural heritage, Onwualu tells Anioma
  • Metro News

Christian faith does not require abandoning good values, cultural heritage, Onwualu tells Anioma

September 11, 2026
NCoS, traditional rulers strengthen partnership for reintegration of ex-inmates
  • National News

NCoS, traditional rulers strengthen partnership for reintegration of ex-inmates

September 11, 2026
Xenophobic attacks: NASS suspends official engagements to South Africa Senate passes Finance Bill
  • National News

Xenophobic attacks: NASS suspends official engagements to South Africa

September 11, 2026
Dangote refinery proves Africa can build at scale – Sanwo-Olu
  • National News

Dangote refinery proves Africa can build at scale – Sanwo-Olu

September 10, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.