• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Sunday, March 8, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Don’t disrupt Aiteco’s oil production, Bayelsa state warns

Oil

The Matters Press by The Matters Press
December 26, 2023
Reading Time: 2 mins read
0
Don’t disrupt Aiteco’s oil production, Bayelsa state warns

Yenagoa, Dec. 25, 2023: The Bayelsa government, says it will not allow a protest planned for Dec. 26 to disrupt oil production at Oil Mining Lease (OML) 29, operated by Aiteo Eastern Exploration.

RELATED POSTS

$1.3bn landmark FG/AFC Alumnia deal, transformative economic booster–TMV

Injection of N98bn in 13,500 Centres will Boost Primary Healthcare Nationwide – Group

Progressivism: The Place of Ideology in Tinubu’s Management of Nigeria’s Economy

The Bayelsa government in a statement on Sunday by the Commissioner for Information, Orientation and Strategy, Chief Ayiba Duba warned the masterminds of the planned protest in Nembe Basambiri, that youths and chiefs’ council activities remained suspended in the area.

According to the state government, the security agencies have been alerted of the plot calculated to halt oil production at the OML 29 oil fields and deprive the state of the much needed oil derivation revenue.

The government said it would not want anyone under any guise to breach the prevailing peace in Nembe Basambiri and across Bayelsa.

“The attention of the Bayelsa government has been drawn to a planned protest on Dec. 26 by some individuals in Nembe Bassambiri in Nembe Local Government Area of the state, who have constituted themselves into youth and chiefs councils.

“The public should note that activities of these individuals are in violation of the subsisting suspension placed on all youth and chiefs’ councils’ activities in Bassambiri at the wake of a violent crisis traceable to the unwholesome conduct of the youth body and chiefs’ council in the area in August.

“The protest being planned by these individuals against Aiteo Eastern Exploration and Production Company will not only disrupt activities of the company but also breach the peace, undermine public order and safety as well as possible destruction of oil and gas infrastructure in the state,” it said.

The oil production at OML 29 had remained comatose for two years due to unsustainable levels of oil theft and vandalism on the 97 kilometre Nembe Creek Trunk Line (NCTL).

Aiteo, the indigenous oil firm that acquired the asset for 2.4 billion dollars, following divestment by Shell recently discarded the NCTL and resorted to direct export using a Floating Production Storage and Offloading Vessel.

The Bayelsa government explained that the planned protest was not only an affront on the authority of the state but also a sabotage of the Nigerian economy.

“Therefore, government wishes to warn those involved in this attempt to undermine the public peace in Nembe under the guise of protest against oil companies, to abort it immediately as there will be consequence for any unruly conduct.

“Meanwhile, all security agencies in the state have been put on red alert and will not hesitate to do everything within their means to prevent infraction in Nembe and indeed the entire state.

“To be forewarned is to be forearmed,” it added.

The management of the oil firm has yet to respond to request for response on the development.

Tags: Oil
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Tanzania, Australia firms sign $667m deal to mine rare earths
Economy/Technology

$1.3bn landmark FG/AFC Alumnia deal, transformative economic booster–TMV

March 7, 2026
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Injection of N98bn in 13,500 Centres will Boost Primary Healthcare Nationwide – Group

March 7, 2026
CAC, Pakistani investors on economic diversification
Economy/Technology

Progressivism: The Place of Ideology in Tinubu’s Management of Nigeria’s Economy

March 1, 2026
Tinubu floats social welfare scheme consumer credit, expanded student loan fund
Economy/Technology

How Tinubu deployed tools of economic progressivism to lift Nigeria out of years of decadent values, profligacy – IMPI

March 1, 2026
EU punctures Atiku’s server story
Economy/Technology

TMSG hails Tinubu’s swift assent to the 2026 Electoral Act

February 20, 2026
Tinubu signs amended electoral Act
Economy/Technology

Tinubu signs amended electoral Act

February 18, 2026
Next Post
Kano Local governments propose N229bn for 2022

UN gets $3.59bn budget for 2024

Importation of skilled labour contributes to unemployment

How we’ll reduce unemployment in 2024 — Firm

Recommended Stories

Nigeria mulls crude-for-product deal

Gas pipeline to be completed in 2019

February 8, 2019
Zungeru Hydropower project to engage skilled professionals

Plateau signs MoU with private firm on hydropower projects

July 25, 2023
Experts validate Nigeria’s implementation strategies for success under AfCFTA

Group demands N2trn compensation from CBN over Naira redesign:

July 31, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • $1.3bn landmark FG/AFC Alumnia deal, transformative economic booster–TMV
  • Injection of N98bn in 13,500 Centres will Boost Primary Healthcare Nationwide – Group
  • Progressivism: The Place of Ideology in Tinubu’s Management of Nigeria’s Economy

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
Call Us