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

Home » FG regrets foreign domination in oil and gas, raises hope on local content

FG regrets foreign domination in oil and gas, raises hope on local content

by Ade
February 8, 2009
in Uncategorized

Apparently worried by the domination of foreign interests in the nation’s oil and gas sector, the federal government has assured that on going review of the local content bill is to address the basic reasons why Nigerian companies can not participate in the oil and gas sector.
Commissioning an ultramodern indigenous drilling facility in Port Harcourt last week, the minister of State for Energy (Petroleum), Mr. Odein Ajumogobia declared that although Nigeria has been a major player in the global oil and gas sector for about 50 years, the industry is yet to impact positively on Nigerian companies.
He disclosed that the oil and gas sector would expend about $15Billion between now and 2010 and promised that government would intensify work on its local content policy to pave way for more Nigerian companies to take advantage.
The Minister noted that the Nigerian oil and gas industry would only be deemed to have come of age when indigenous businesses in the sector are part of the appreciable part of the intended $15 billion investment.
He appealed to Shell Petroleum Development Company, Elf, Mobile and several other multinationals to encourage the implementation of the local content policy because the indigenous companies have over the years proven their competency.


Related Posts

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 10, MAY 2022

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 10, MAY 2022

May 10, 2022
VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 29, APRIL 2022

VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 29, APRIL 2022

April 29, 2022

‘Why I Pay More Attention To Rail Than Maritime Sector’- Rotimi Amaechi

September 27, 2021
ANLCA President Calls For Emergency On Reconstruction Of Roads Leading Into Apapa

ANLCA President Calls For Emergency On Reconstruction Of Roads Leading Into Apapa

May 15, 2021

Discussion about this post

Latest News

Marine Pollution Prevention Our Focus, IOPC Fund Implementation On Track – NIMASA

Marine Pollution Prevention Our Focus, IOPC Fund Implementation On Track – NIMASA

May 25, 2022

Oil Marketers Seek Investments In New Trucks

MAN, NAGAFF, Others Say Nigeria Not Prepared For AFCFTA

NIWA Decries Increased Boats’ Mishaps, Threatens Punitive Measures

Ethiopia Earns Over $458m Mining Exports Revenue In 9 Months

6 Ships With Petrol, Other Items Waiting To Berth At Lagos Ports

NEPZA Trains 40 Personnel For Security Of Special Economic Zones

NNPC, Sahara Group Invest $300m In Two Gas Carriers

Women Will Be Given Equal Opportunities As Their Male Counterparts – Amaechi

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 24, MAY 2022

Frustrated Nigerian Exporters Adopt Ghana, Togo Origin, Labels To Ship Products To Europe, UK

Why It’s Difficult To Operate Koko, Sapele Ports Now – NPA MD

kindly like our Facebook page

Health

Stay Away From Bush Meat To Prevent Monkeypox, NCDC Urges Nigerians
Health

Stay Away From Bush Meat To Prevent Monkeypox, NCDC Urges Nigerians

May 23, 2022

The Director-General of the Nigerian Centre for Disease Control, Dr. Ifedayo Adetifa has urged Nigerians to avoid bush meat as...

Stop Consuming Suya Roasted With Open Flames, Physician Tells Nigerians

Stop Consuming Suya Roasted With Open Flames, Physician Tells Nigerians

May 23, 2022
COVID-19, 40 Other Outbreaks Top Regional Diseases In 2021 – WAHO

COVID-19, 40 Other Outbreaks Top Regional Diseases In 2021 – WAHO

May 16, 2022
EU Relaxes Anti-COVID Measures, Drops Wearing Of Masks On Planes

EU Relaxes Anti-COVID Measures, Drops Wearing Of Masks On Planes

May 16, 2022
What You Need To Know About Monkeypox

What You Need To Know About Monkeypox

May 16, 2022
Sleep Duration Of 7 Hours Optimal For Elderly – Study

Sleep Duration Of 7 Hours Optimal For Elderly – Study

May 16, 2022
COVID-19 On Increase In Americas, Africa – WHO

COVID-19 On Increase In Americas, Africa – WHO

May 9, 2022
‘65 Per Cent Of Africa’s Population Survived COVID-19’

‘65 Per Cent Of Africa’s Population Survived COVID-19’

May 9, 2022
Seven Hours Of Sleep Ideal For Middle-Aged Persons – Study

Seven Hours Of Sleep Ideal For Middle-Aged Persons – Study

May 9, 2022
Some Things That Are Actually Damaging The Kidneys (2)

Some Things That Are Actually Damaging The Kidneys (2)

May 9, 2022

The World Of Vaccines, Before And After COVID

April 29, 2022

© 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