shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » DPR Boss Urges Africa To Harness Oil, Gas Reserves For Devt.

DPR Boss Urges Africa To Harness Oil, Gas Reserves For Devt.

by Joshua
May 24, 2021
in Oil and Gas

Mr Sarki Auwalu, director, Department of Petroleum Resources (DPR) has urged Africa to rise to the challenge of harnessing its oil and gas reserves for the development of the continent.

Auwalu spoke on Wednesday at the opening ceremony of the 5th Edition of the Sub-Saharan African International Petroleum Exhibition and Conference organised by the Petroleum Technology Association of Nigeria (PETAN).

The three-day virtual conference has as its theme: “Post COVID-19: From Global Crises to Global Opportunities.”

He said: “Indeed, for a better and secured future, Africa must rise to the challenge of harnessing its over 125 billion barrels of proven oil reserves and 625 trillion cubic feet of natural gas for the development of the continent.

“Africa must not be cowed to abandon its quest to grow its economies by the ‘doomsday’ narrative of ‘end of oil’ era and jettison the development of its resources.

Read Also: PIB: We Are Fully On Course – Sylva

“Africa’s resources must be used to fuel Africa’s development; the same
way other continents utilised dirtier fossil fuels to fuel their economic transformation.

“To achieve this, we must take our destinies in our hands and join hands across all spectrum – technical, economic, legal, commercial, operational, financial, and political – drive regional energy security and economic sustainability.”

According to him, Nigeria recognises the reality of energy transition and is committed to accelerated development of its petroleum resources through the emplacement of appropriate legal framework to support upstream asset acquisition, development, production and exports.

“However, we are putting increased emphasis on midstream investments and gas-focused infrastructural development for domestic value addition via the Refinery revolution and Decade-of-Gas Initiatives.

“The Decade-of-Gas Initiative will leverage Nigeria’s 203 TCF of natural gas reserves for domestic gas supply (Gas-To-Power), Alternative fuels (Gas-To-People) and Gas Based Industrialisation (Gas-
To-Derivatives) elements of the Gas-fired Industrial economy agenda within this decade.

“All these efforts will significantly increase the quantum of in-country value addition to drive the contribution of oil and gas to Gross Domestic Production, employment generation and poverty eradication,” he said.

Also, Mr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), said the coronavirus pandemic provided a sad realisation of the importance of local content in the oil and gas industry.

Wabote said the NCDMB would continue to deploy strategies to promote local content in Nigeria and within the African continent to provide jobs, support businesses and protect investments.

Earlier, Mr Nicolas Odinuwe, Chairman, PETAN, said the aim of the conference was to offer direct access to the primary stakeholders and key players across the entire Sub-Saharan African supply and value chain.

Odinuwe stressed the need for continued collaboration by African countries to foster development of the continent through the utilisation of its oil and gas resources.


Related Posts

Nigeria’s Daily Crude Oil Production Drops To 937,766 bpd In September

Nigeria’s Crude Oil Export Revenue Drops by 17% to $6.68 Billion in First Two Months of 2025

June 1, 2025
President Tinubu Signs 6 IMO Instruments Of Accession

FG Rallies Stakeholders to Accelerate Nigeria’s Gas Revolution, Signs Agreement with Ten Equity Partners

June 1, 2025
The Return of Standards Organisation of Nigeria to the ports

SON Raises Concern Over Influx Of Adulterated Lubricants, Engine Oil

June 1, 2025
Tensions Rise as Bayelsa Host Communities Threaten Shutdown Over Security Contracts

Tensions Rise as Bayelsa Host Communities Threaten Shutdown Over Security Contracts

June 1, 2025

Discussion about this post

Latest News

NPA Targets N1.28 Trillion Revenue In 2025

NPA Targets N1.28 Trillion Revenue In 2025

June 24, 2025

Customs Proposes N1.13 Trn For Its 2025 Operation

After Eno’s Defection, NYCN Urges Tinubu To Actualise Ibom Deep Seaport Project

Railway Police Arrest Alleged Vandals In Ilorin, Kano, Gombe

OMT Makes History as First LNG-Powered Container Ship Berths in West Africa

APFFLON Congratulates CG Adewale, Calls for Two-Year License Validity for Freight Forwarders

AfCFTA SHOCKER: Nigeria’s First Kenya-Bound AfCFTA Cargo Spends 50 Days To Destination 

ENL Debunks Ship Fire Report At Apapa Terminal     

Lekki Tanker Drivers Defy E-Call Up System, Abandon Seven Fully Equipped Parks Over Fee Dispute 

India, China, US Dominate Nigeria’s Foreign Trade In Q1 2025 As Trade Surplus Hits ₦5.17trn   

‘Freight Forwarders Deserve Share of CVFF’ — ANLCA Chieftain Makes Case As FG Targets August Disbursement     

FG Donates 1000 Life Jackets To Residents Of Kwara, Says Boat Mishap Avoidable     

kindly like our Facebook page

Health

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts
Health

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025

Association of Medical Laboratory Scientists of Nigeria, Lagos State chapter, has raised the alarm over the increasing number of men...

20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025
See Mental Illness Like Other Treatable Diseases – Says Suicide Survivor

Health Facts You Didn’t Know

May 19, 2025
Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

April 28, 2025
Water And Health: The Relationship That Helps Life

Water And Health: The Relationship That Helps Life

April 28, 2025
Some Truths and Myths About Agbo Herbal Concoction

Some Truths and Myths About Agbo Herbal Concoction

April 21, 2025
The Malaise Of Misuse of Antibiotics

The Malaise Of Misuse of Antibiotics

April 14, 2025
Urologist Debunks Breast-Cancer Prevention Myth

Urologist Debunks Breast-Cancer Prevention Myth

April 14, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition