Epunchng - Most read newspaper in Nigeria Thursday, December 7, 2017 - Page 32

energy 32 THURSDAY, DECEMBER 7, 2017 Dutch firm wants lawsuit against Shell over Nigeria deal ’Femi Asu and Theophilus Onojeghen •‘Shell hasn’t left Delta’ A former employee. A law firm specialising in human rights cases, Prakken d‘Oliveira, filed its request in September on behalf of Global Witness and other clients, asking the prosecutor to charge Shell, as well as its CEO, Ben van Beurden; a former CEO, Peter Voser, and a former Chief Financial Officer, Simon Henry. A lawyer at Prakken d‘Oliveira, Barbara van Straaten, said the request would push the Dutch prosecutor’s office to say if they intended to move forward with criminal charges. A watchdog group, Global Witness, has published several reports on the 2011 deal in which Shell and Eni secured Oil Prospecting Licence 245. At the time, Nigeria’s oil minister was Dan Etete. The group and others say much of the $1.3bn paid for the block did not go to the state but instead went to Etete, who has since been convicted of money laundering, and to Malabu Oil and Gas, a firm that previously held the rights. Shell said earlier this year it knew the Nigerian government would compensate Malabu using some of the money, but said the transaction was fully legal. An Italian judge is expected to decide on December 20 whether to try Eni and Shell for alleged corruption in the deal. Milan prosecutors have asked for the two firms, as well as some past and present managers from the companies, including the current Eni CEO, Claudio Descalzi, to be indicted. A Dutch anti-fraud team raided the Shell’s headquarters in The Hague in 2016 as part of its investigation. A Nigerian court ordered the oil block temporarily seized in January at the request of the Economic and Financial Crimes Commission, but the move was later overturned. The OPL 245, believed to be the largest in Africa, was said to have been fraudulently acquired from the Federal Government by Liquefied Petroleum Gas cylinders and a lubricant plant. “This legacy investment of over $330m to date, as audited by the PwC, will be the largest products’ storage tank farm in sub-Saharan Africa and will create at least 2,000 jobs,” Adebutu said during a tour of the facility in Ibefun, Ogun State on Tuesday. He said the construction of the refinery would cost about $3.5bn, with a lube plant estimated to cost $8.5m. According to him, the Petrolex mega oil city is conceptualised to enjoy the distinction of housing some of the most advanced oil and gas infrastructure in Africa. “This massive investment will make the company a one-stop energy provider not only in Nigeria but also in the sub-Sahara Africa,” the chairman said, adding that the company commenced the planning, design and development of the mega oil city about five years ago. He said the company had acquired over 13,000 acres of prime land and currently concluding the negotiation of another 12,000 acres to make the city Africa’s largest petroleum products’ hub. Adebutu said, “With a 300 million litre capacity facility, 30 loading gantries and a 4,000 truck capacity trailer park, the tank farm is connected to the Nigeria System 2B pipeline at Mosimi ensuring the supply and distribution of petroleum products all around the country. He said with an expansion plan to increase the storage capacity, the oil city would also be home to a power plant to maximise value. The chairman said, “Hopefully, by the time we’re done, local workers here will be at least 70/80 per cent indigenous. It has actually helped the economy of the town itself. It’s not just about direct employment; we’re setting up a city here. Petrolex has a unique sustainability model that includes comprehensive environment conservation and reforestation programme and a successful host community engagement framework.’’ Dutch law firm has asked the public prosecutor in the Netherlands to file a lawsuit against the Royal Dutch Shell, its chief executive officer and former executives over alleged criminal actions relating to a 2011 oilfield purchase in Nigeria. The Dutch authorities are already investigating the oilfield deal, alongside Italian prosecutors, who want to take Shell and Italy’s Eni to trial over alleged corruption on the same oilfield. Shell and Eni have denied any wrongdoing. Shell said on Tuesday it did not believe there was any basis to prosecute the company or any current or Petrolex invests $330m in Ogun oil city ’Femi Asu A N indigenous integrated energy group, Petrolex Oil and Gas Limited, says it has invested over $330m towards the achievement of a mega oil city located in Ogun State. The Chairman, Petrolex, Mr. Segun Adebutu, said the group had completed the first phase of the facility, comprising a tank farm of 300 million litre capacity, a residential quarters, army barracks, 30 loading gantries, and a 4,000 truck capacity trailer park with accommodation for drivers. He said the mega city would also feature a refinery with a capacity of 250,000 barrels per day, a gas processing plant to produce 50,000 Forte Oil diversifies into solar power business ’Femi Asu A major player in the nation’s downstream oil and gas sector, Forte Oil Plc, has unveiled its alternative solar energy initiative aimed at bridging the electricity gap in the country. The Group Chief Executive Officer, Forte Oil, Mr. Akin Akinfemiwa, said at the launch in La