Oil Sector Stakeholders Okay Industrial Park


Stakeholders in the oil
and gas sector have described the establishment of industrial park as a strategy that would enhance sustainability in the sector.
At the 3rd International, Down Stream Conference / Exhibition on Gas, Petroluem Refining, Petrochemicals and fertilisers, in Port Harcourt, Group co-ordinator, corporate planning and strategy of the  Nigerian National Petroleum Corporation, Dr Timothy Okon, said so much employment opportunities  abound in the sector of potentials were adequately enhanced.
He said industrial park provides needed social infrastructure as water, power, transport facilities for the oil firms noting that such amenities would reduce the cost of production incurred by individual companies in their operations.
In his own paper, Managing Director / Chief Executive Officer, Midwestern Oil and Gas Company, Nigeria, Mr Charles Odita, also lauded the idea of Industrial park as initiated by the Federal Ministry of Petroleum Resources  noting that it would reduce so much challenges faced by players in the sector.
According to him, it would help boost the economy, attract more local and foreign investors and engage thousands of unemployed graduates  in the country.
The conference was organized by the centre for Gas, Refining and Petrochemicals of the Institute of Petroleum studies, University of Port Harcourt.
The Director of the centre, Prof Godwin Igwe, said time has come for Nigeria to expand her benefits from the sector which he noted has a lot of potentials.
He stressed that one of the major issues confronting the country is the unemployment situation and urged oil firms to consider giving employment opportunities to the graduates of the centre to enable them contribute to the economy of Nigeria.
“Our refineries are still not producing enough of their installed capacities to meet the needs of the country, and our wealth is still flared up in smoke, creating environmental pollution havoc to our citizens, he said and called for standardisation in the style of operations in Nigeria.
He explained that the essence of the conference was to look at better ways of improving on standard, explore and expand potentials for Nigeria.
Managing consultant of PEJAD Nigeria Limited, Engr Tony Ogbuigwe described the theme of the conference, “Enhancing Employment and Development Opportunities through Gas, Petroleum Refining, petrochemicals and fertilizer Industries” as apt and a catalyst to development in the sector.
There are many opportunities for Nigeria to harness and maximize  in the petroleum value chain,” he said, stressing that if pursued, this will significantly improve the revenue streams from downstream sector as well as have multipher effects on the nation’s economy.


Chris Oluoh