THE 10th edition of the Oil Trading and Logistics (OTL) Africa Downstream Week scheduled to take place in a fortnight in Lagos is expectedto attract world leaders in the industry.In a statement made available by the event’s organisers, the milestone OTL Africa Downstream has received strong global interest because African market fundamentals remain strong relative to other global markets, while the dwindling fortunes of upstream interests have brightened the numbers, midstream and downstream.According to them, “followingthe crash in crude oil prices, the times are relatively good for many global downstream interests as the current environment offers attractive opportunities for revenue and profit growth.“While it is acknowledged that the opportunities will not last forever, today’s low oil prices are clearly advantageous and companies need to understand the dynamics of their particular markets if theyhope to fully benefit from the prospects that today’s low oil prices might afford”.Traversing a strong value-chain that includes refining, trading, shipping, storage, haulage, distribution, marketing, equipment manufacturing and supplies, regulation and associated professional services, the OTL Africa Downstream Expo2016 will offer over 3000 delegates, speakers, exhibitors, special guests andvisitors opportunities for high-level networking, business match-making and learning.This year’s event will be declared open by Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, whowill also deliver the Keynote address.
Ibadan— TWELVE persons, including a mother and her twin children, were feared killed in an accident that occurred, yesterday, at Oja-Oba Market area of the Ibadan South East Local Government Area of Oyo State. Some of the vehicles and tricycles crushed by the truck (inset) in Ibadan, yesterday. PHOTOS: Dare Fasube. Police put the casualty figure at four, but some eyewitnesses claimed the number of lives lost could not be less than 12. While the accident left several people injured, several commercial cars and property were crushed by an articulated vehicle. According to a source, the driver of the truck, which had just off loaded cement, lost control of his vehicle and crushed about 12 persons on the spot. While the remains of those killed were taken to the morgue at Adeoyo State Hospital, the injured were rushed to the University College Hospital, Ibadan. It was gathered that the truck, with number plates AGL883XQ, skidded off its lane to the other side of the road, crushed man...
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