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The Independent Petroleum Producers Group (IPPG)also solicited Federal Government’s support in protecting oil and gas facilities from attack especially in the South-East area of the country.
Chairman of the group, Abdulrazaq Isa,who spoke when he led a delegation to Vice President Yemi Osinbajo,said the help was necessary in view of the escalating crisis in South East and the potential danger to oil facilities in the area.
He noted the incidence of crude theft are unprecedented and becoming unsustainable particularly on the eastern axis.
He congratulated the Federal Government over the passage of the Petroleum Industry Bill (PIB) into law last month,and expressed optimism that the birth of the PIA would mark the end of uncertainty issues and under-investment in the industry over the last few years .
He also commended the Vice President’s peace efforts in the Niger Delta in 2016,adding Prof. Osinbajo has been a great supporter of the group .
Soliciting the support of the Federal Government in securing investments in the sector, Isa disclosed the importance of gas in the emerging global energy landscape saying ‘’gas should be considered as a transition fuel with deliberate policies formulated to attract investment into the sector’’.
He reiterated the group’s commitment to partner with the Federal Government by saying ‘’IPPG remains committed to working collaboratively with Government in realising its aspiration for the sector,’’ Isa said.
The Vice President,in his remarks, assured the group of the Buhari administration’s commitment to the security of lives and property, noting that government is open to suggestions that would lead to permanent resolution of the issue.
He lauded the group and assured them of government’s readiness to support their growth and development as critical stakeholders in the industry.
He also advocated the need for collaboration between the Federal Government and other stakeholders in the oil and gas sector in advocating for a just and balanced energy transition agenda.
The delegation to the Vice President led by Abdulrazaq Isa, consisted of the immediate past Chairman of the Group, Ademola Adeyemi-Bero, Chief Executive Officer, FIRST Exploration and Petroleum Development Company Limited; Charles Odita, Director, Midwestern Oil and Gas Nigeria Limited; Roger Brown, Chief Executive Officer, Seplat Energy PLC and Oyeleke Banmeke, Executive Coordinator, IPPG Secretariat.
IPPG is an association of Nigerian indigenous upstream Exploration and Production companies that constructively engages government and other industry stakeholders on issues affecting the industry with a view to realising a sustainable petroleum industry and maximise its contribution to the socio-economic development of Nigeria.
790100cookie-checkProtect Oil Facilities In South East,Group Begs FG
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