Variston, Barcelona-Based Spyware Vendor, Enters Liquidation
Variston, a secretive spyware company, is being liquidated, a year after it began shutting down following a Google report exposing its existence.
Riley King
Nigeria's Port Harcourt refinery has successfully completed 180 days of uninterrupted operation, marking a crucial milestone in the country's efforts to revitalize its domestic refining capacity. This achievement comes after more than two decades of dormancy, and is expected to reduce Nigeria's reliance on imported petroleum products and enhance energy security.
The successful operation of the refinery is a significant step forward in Nigeria's broader efforts to revamp its refining industry and achieve self-sufficiency in petroleum product supply. The government has invested heavily in rehabilitating key refineries, including those in Port Harcourt, Warri, and Kaduna, which had been dormant for years.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the Federal Government and the Nigerian National Petroleum Company Limited (NNPC) for ensuring 180 days of continuous production at the refinery. Officials have lauded the refinery's performance, highlighting its potential to mitigate fuel shortages and stabilize local supply chains.
The sustained operation of the facility represents a step forward in Nigeria's push to reduce dependence on imported fuel and enhance energy security. The government's refinery overhaul plans have been in motion since the administration of former President Muhammadu Buhari, who aimed to restore the country's four state-owned refineries, with a combined capacity of 445,000 barrels per day (bpd).
This includes the 110,000 bpd Kaduna refinery, the 60,000 bpd Old Port Harcourt refinery, the 150,000 bpd New Port Harcourt refinery, and the Warri refinery. Progress is already visible, with the Port Harcourt refinery resuming operations and the Warri refinery following suit on December 30, 2024.
These government-led efforts are expected to complement private refineries, such as the Dangote refinery, in boosting Nigeria's domestic crude oil production. However, the success of this initiative depends on Nigeria's ability to meet crude oil supply targets, which remains a challenge due to pipeline vandalism, oil theft, and underinvestment in upstream operations.
Despite these obstacles, the refinery rehabilitation program remains a national priority, especially amid rising fuel costs and increasing pressure to achieve self-sufficiency in petroleum product supply. As Nigeria continues to make progress in revitalizing its refining capacity, the country is expected to reduce its reliance on imported fuel and enhance energy security.
The implications of this achievement are far-reaching, with potential benefits for the Nigerian economy and energy sector. As the country moves closer to achieving self-sufficiency in petroleum product supply, it is likely to reduce its dependence on imported fuel, stabilize local supply chains, and enhance energy security.
In conclusion, the successful operation of the Port Harcourt refinery marks a significant milestone in Nigeria's push to revitalize its domestic refining capacity. As the country continues to make progress in this area, it is likely to have a positive impact on the energy sector and the broader economy.
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