Browsing: Petroleum Resources

Gbajabiamila particularly called out the Minister of State, Petroleum Resources, Timipre Sylva; Minister of Finance, Budget and National Planning, Zainab Ahmed; Governor of the Central Bank of Nigeria, Godwin Emefiele; and the Chief Executive Officer of the Nigerian National Petroleum Company Limited (formerly Group Managing Director of the defunct Nigerian National Petroleum Corporation), Melee Kyari; as well as the Managing Director of Petroleum Pipeline Marketing Company, Isiaku Abdullahi, among others.

In his opening remarks at the stakeholders’ consultation on draft regulations on implementation of the Petroleum Industry Act Wednesday in Abuja, the Minister of Petroleum Resources, Timipre Sylva said that stakeholders in Nigeria’s oil and gas industry “must, in designing any regulation, put in focus how we can balance the energy base load for Nigeria so that we will not be left behind in the energy transition train while still harnessing our rich natural hydrocarbon reserves.”

Members of a 33-man delegation, led by Chief T.K Ogoriba, who paid a solidarity visit to the minister in Abuja, stated that the introduction of unprecedented massive reforms in the petroleum industry, especially the radical expansion of the gas sector, is reflective of current global standards.