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

Home » PENGASSAN: Deregulation won’t affect DPR operations

PENGASSAN: Deregulation won’t affect DPR operations

by Joshua
July 11, 2009
in Uncategorized

There is an indication that the proposed deregulation of the downstream sector of the oil and gas industry is not likely to affect operations of Department of Petroleum Resources (DPR) This assurance was given last week in Abuja by the chairman, DPR branch of the Petroleum and Natural Gas Senior Staff Association of
Nigeria (PENGASSAN), Mr. Isah Ibrahim in a chat with the News Agency of Nigeria (NAN).
The PENGASSAN top man explained that DPR is responsible for the regulation of the activities of oil and gas companies and that the function cuts across private and government owned businesses.
"DPR is a regulatory body and does not look at whether a company is owned by government or the private sector. As long as you operate within the oil industry, you are bound to be regulated by it.
Deregulation of the oil and gas sector cannot change that," he stressed.
He disclosed father that a bill to make DPR independent had already passed the second reading at the National Assembly and would be passed into law before the end of the year.
"The bill will grant DPR the well deserved autonomy and independence to operate and be free of ministerial interference.
"We will also have the much needed funding and facilities that will be required to perform our duty and role effectively.
"We have been pursuing the issue of the PIB for a long time. I am glad that all hands are on deck to ensure that it comes into existence. It will surely move the oil industry forward," he said.
Ibrahim also declared that oil workers are not really opposed to deregulation, but added that: “It is just that government needs to put in place good roads and other infrastructure like electricity and security before the deregulation takes place”.
Gas Association Urges National Assembly on gas bill The Nigerian Gas Association (NGA) has urged the National Assembly to expedite action on the bill that will ensure adequate gas supply for domestic use.
NAN reports that the president of the association, Mr. Charles Osezua, said at the yearly general meeting of the association which held last week in Lagos that adequate policies would facilitate gas storage in the country.
Osezua said that until these policies were effected, the dream of having adequate gas supply for domestic use would remain a mirage.
According to him, the Petroleum Information Bill (PIB) and the Gas Master Plan will ensure that investors make profit on their investments and that these two policies should be on ground before the issue of commercialising the sector will be negotiated and agreed upon by all the stakeholders.
He said that until these policies were in place no reasonable investor would be willing to invest in the sector.
Osezua said that the association was concerned about gas flaring because of its economic waste and without an understanding of what is needed for the gas industry to develop, the full economic benefits of this amazing fuel will be a waste.
He said that efforts were on by the association to capture gas at the flaring and channel level for the domestic market.
"We hope that the various move being made by President Umaru Yar’Adua-led administration to reposition the Nigerian oil and gas industry will meet the yearnings of the stakeholders and the
economy.
"We are at a unique time in the evolution of the Nigerian oil and gas industry. It is an opportunity for Nigeria to diversify and maximise the benefits from its hydrocarbon resources, using its gas to launch the economic rebirth of our economy.
"It is also our hope that events like our business forum will offer an excellent opportunity for the shapers of government policies to meet and brainstorm on this very critical issue," Osazua said.

Related Posts

Despite ₦5.17trn Surplus, Dollar Dominates Nigeria-China Trade As Naira-Yuan Swap Struggles

Despite ₦5.17trn Surplus, Dollar Dominates Nigeria-China Trade As Naira-Yuan Swap Struggles

June 30, 2025
Meningitis: Death Toll In Kebbi Hits 56 – Govt 

Meningitis: Death Toll In Kebbi Hits 56 – Govt 

March 24, 2025
Navy Rescues 8 Police Officers,1 Civilian From Boat Accident In Bayelsa

Navy Rescues 8 Police Officers,1 Civilian From Boat Accident In Bayelsa

January 8, 2025
PHOTO NEWS: SIFAX Thanksgiving and Night of Praise 2.0

PHOTO NEWS: SIFAX Group Thanksgiving and Night of Praise 2.0

December 18, 2024

Discussion about this post

Latest News

NPA Bags NASS PAC Transparency Award

NPA Bags NASS PAC Transparency Award

July 12, 2025

Nigeria Customs Says Claim Of Form ‘M’ Migration Charges False

CRFFN Showcases Reform Milestones, Dismisses Court Ruling Misinterpretation

NCMDLCA Faction Distances Self from Amiwero’s Court Action, Backs CRFFN on POF Collection

Customs Intercepts ₦9.2bn Worth of Fake Bedroom Booster, Others

Customs, NAFDAC Inaugurate Implementation Committee for 2024 MoU

Nigeria Customs Intercepts Container with Over 10,000 Donkey Genitals

Senate Hails Adeniyi’s Election as WCO Council Chair, Says It’s  a Major Win for Nigeria’s Global Trade Leadership

Oyetola Launches Door-to-Door’ Diplomacy for Nigeria’s IMO Council Bid

FG Urged To Link Warri-Itakpe Rail To Inland Ports, Road Networks

Red Sea Operation Rescues 4 More From Cargo Ship Sunk By Houthis

Shippers’ Council Set to Establish Border Information Centre at Idiroko, Bolster Trade Efficiency

kindly like our Facebook page

Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert
Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025

Mrs Roseline Akinlabi, Adolescent and Youth Sexual Reproductive Health Desk Officer, Osun Primary Healthcare Board, says contraceptive pills cannot cause...

ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
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

© 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