FULL DOWNSTREAM DEREGULATION NECESSARY TO ATTRACT INVESTMENT

Deregulation will herald free market regime, where the forces of demand and supply will dictate price, and free government’s interference and price fixing. The stakeholders, which included the Minister of State for Petroleum Resources, Ibe Kachikwu; Chairman, Integrated Oil and Gas Limitd, Emmanuel Iheanacho; and former Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Reginald Stanley, at different fora in Lagos emphised the need for quick deregulation of the subsector.

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PIB, oil theft, poor gas infrastructure face new Petroleum Minister

Whoever takes on the office of minister of Petroleum in the  current dispensation would have to contend with a deluge of challenges including  the stagnant Petroleum Industry Bill, oil theft, finding solution to the nation’s poor gas infrastructure and cash call issues.

  Industry stakeholders say these and other challenges must be tackled head-on by the coming  Petroleum minister.

 

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