NNPC should not be allowed to formulate policies for oil, gas sector – experts

Industry experts have warned of the dangers of allowing the Nigerian National Petroleum Corporation (NNPC) to spearhead the formulation of policies for the oil and gas sector.   The state oil company has rather been asked to focus on making the newly created directorates profit centres, instead of massive cash-guzzling points.

 

The experts point to the pronouncement by the Ibe Kachikwu, group managing director (NNPC) calling for the removal of petroleum subsidy as a policy issue that would only distract the NNPC from the current reforms being embarked upon by the new helmsman.

 

Read more @ Businessday Online

ALISON-MADUEKE LOBBIES FOR NIGERIA AHEAD OF OPEC MEETING

Ahead of the Organisation of Petroleum Exporting Countries’ (OPEC) meeting billed for Thursday in Vienna, Austria, Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, at the weekend, met with some economic and financial experts on the OPEC’s Economic Commission Board (ECB).

The meeting, it was learnt, was to ensure that the decision to be taken by OPEC at the meeting favours the peculiar challenges facing Nigeria. 

Read more @ New telegraph

OIL INDUSTRY EXPERTS WARN OPERATORS ON FRAMING OF LEGAL AGREEMENTS

Experts in the oil and gas industry have advised Nigerian indigenous oil and gas firms wishing to go into partnerships, to be sure to employ the services of experienced lawyers and engineers to guide their transactions, in order to avoid conflicts and losses along the line

Read more @ Businessday