Business
NEITI To Organise Forum On Adequate Crude Metering
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that it will organise a forum that will deliberate on how to tackle metering in the measurement of crude produced in Nigeria.
The forum is to dialogue on the installation of metering infrastructure to adequately measure the quantity of crude produced in Nigeria, and is expected to hold in the first quarter of 2014.
A statement issued by the Director of Communication of NEITI in Abuja, Dr Orji Ogbonnaya Orji, which was made available to newsmen, Thursday revealed that the debate on the crude product metering is to hold first quarter of 2014.
It said that the debate on the possibilities of embracing a metering system to accurately measure the quality of crude produced had remained a major issue in NEITI’s oil and gas industry report.
The statement added that the Civil Society Legislative Advocacy Centre (CISLAC), had proposed to collaborate with NEITI to organise the public dialogue.
It said that the proposed dialogue will assemble individuals and stakeholders knowledgeable on the issue of metering and what is obtainable in the country.
“The participants will appreciate the status quo, its challenges and cost to the nation, implication and constrain for remediation, and will recommend actionable strategies for implementing action,” it said.
The forum is to examine the NEITI oil and gas audit report, covering 1999 to 2011 and Nuhu Ribadu’s Petroleum report.