Firm Lists Way Forward For Nigeria’s Oil Sector


Masters Oil and Gas Limited, an indigenous oil and gas company based in Rumuolumeni, near Port Harcourt in Rivers State, has projected how Nigeria’s oil and gas industry can be truly indigenous and devoid of foreign domination.

Speaking with The Tide in his office during an interview, the General Manager of the company, Mr. Collins Onyemelukwe said Nigeria cannot continue to play a peripheral role in an industry that generates 90 per cent of the country’s foreign exchange earnings.

For Nigerians to participate actively in the industry, he urged the government to establish more specialised institutions for effective manpower training and career development to enable Nigerians take control of the industry.

He frowned at the idea of using paper qualification to secure juicy jobs in the industry without the requisite technical skill and training, stating that such practice has made it difficult for Nigerians to participate actively in the industry, especially in the upstream sector.

He also called on the government to build more refineries and make the existing ones functional, to discourage importation of petroleum products.

Onyemelukwe, however, expressed optimism over the growing sense of participation of Nigerians, especially in the downstream sector, now with 100 per cent indigenous participation.

The general manager pledged the commitment of the company to excellence in service delivery and safety consciousness in its operation, stressing that the company, which began operation in 2006, has played a leading role in the downstream sector, even in the face of growing competition in the industry.

In line with the local content and indigenization policy, he said the staff composition of the company was 100 per cent Nigerian, and also enjoys excellent community relations with its host communities and related agencies.

The company specialises in the distribution of petroleum products, such as PMS, AGO, DPK, ATK, LPFO. 


Beemene Taneh