Niger Delta
Bayelsa Wants FG To Correct Mistakes In Oil Industry
Byelsa State Government has urged the Federal Government and other critical stakeholders in the oil and gas industry against repeating the mistakes that are depriving host communities of their benefits.
The state Deputy Governor, Senator Lawrence Ewhrudjakpo, stated at the technical session of the ongoing 5th National Council on Hydrocarbons summit in Yenagoa,the state capital.
Making reference to Oloibiri, which he described as the cradle of oil wealth in Nigeria, the Deputy Governor lamented that the pitfalls in oil exploration activities have underdeveloped oil producing areas in the country.
A statement by his Senior Special Assistant on Media, Mr Doubara Atasi, quoted him challenging the delegates to the summit to come up with a policy document that will help in correcting the mistakes of the past as well as maximize the gas value chain for the mutual benefit of all stakeholders.
Ewhrudjakpo called on policy makers, particularly at the federal level, to ensure that while the country benefits from gas exploration and exports, the host communities should not be left to continually suffer the brunt of gas flaring and other related activities.
To this end, the deputy governor urged the federal government and oil companies to pay the desired attention to oil producing states and communities through effective planning and implementation of sustainable and standard hydrocarbon policies.
“Clearly, we have not gotten as much as we expected from the exploration of crude oil. So, the thinking now is that, we have to go into gas. But going into gas, how ready are we? Have we learnt the lessons associated with the over 60 years of oil exploration and exploitation?” He said.
“As you come here today for this academic gymnastics, we expect that at the end of the day, the policy document you will churn out will not only help us optimize the gas value chain but also ensure that all the mistakes that characterized our years of crude oil exploration do not come to bare”, he added.
In his address, the Permanent Secretary, Federal Ministry of Petroleum Resources, Mr Bitrus Nabasu, disclosed that the country currently has a gas reserve of over 200 trillion cubic feet, which the federal government has started harnessing through its gas commercialization policy.
The Permanent Secretary who was represented by the Director, Planning Research and Statistics in the Ministry, Mr Musa Talle Sa’eed, said the theme of the meeting, “The Gas Potentials of Nigeria: Optimizing the Gas Value Chain,” will task participants to formulate ideas to promote better utilization of the massive gas resources in the country.
By: Ariwera Ibibo-Howells, Yenagoa
Niger Delta
Ibom Air Reiterates Commitment To Healthcare Delivery
Niger Delta
Group Dismisses Call For NDDC MD’s Sack … Passes Confidence Vote.
Niger Delta
Obaseki Approves N70,000 Minimum Wage For Workers
-
News4 days ago
Gunmen Kidnap Four In Abuja
-
News4 days ago
You Failed Nigerians, Falana Slams Power Minister
-
Nation4 days ago
Ibom Developers Supports 160 Women with Skill Acquisition Training in Akwa Ibom
-
Niger Delta4 days ago
Fire razes 4 shops in Edo
-
News4 days ago
Reps Order NERC To Suspend Implementation Of New Electricity Tariff
-
Niger Delta4 days ago
Calabar Port Dormant In 25 years -Manager
-
News4 days ago
FG Flags Off PH-Aba Train Service
-
Featured4 days ago
Draw Up Futuristic Policies To Strengthen Governance, Fubara Tells NISS Team …Says Rivers’ll Deploy AI To Drive Dev, Tackle Political Crisis