Oil & Energy

FG Partners Coy To Sanitise, Drive Oil Sector

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will partner Oil Trading and Logistics (OTL) Africa Downstream to sanitise and drive the country’s oil and gas industry.
The Authority Chief Executive (ACE) of NMDPRA, Mr Farouk Ahmed, said this when a team of the Advisory Board of OTL visited him in Abuja recently.
“We align with your ideas on why we need to collaborate and have assured our willingness and interest to work with OTL.
“We want to collaborate and partner in all industry matters as we need to clean the mess in the industry created over the years.
“We need to work together and sanitise the industry; to do that, we need a capable, willing and bold regulator to make decisions.
“And, for your industry players to be humble enough to accept the decisions for the improvement and progress of the industry, and it is a win-win situation for us all”, Ahmed said.
On support to OTL, the NMDPRA boss said it was a support to the industry and would be looked into.
He said: “we will participate because we want to be part of those driving it so that we can get better seat. Otherwise, we will be left behind.
“By that, we are seen, our work is seen and felt our suggestions, input, and ideas can also be incorporated from the beginning, so we welcome that”.
Ahmed assured that the authority would work with the OTL team in its future events, adding that there would be an internal commitment by the workers of NMDPRA to drive the sector.
Earlier, the Chairman of OTL Advisory Board, Mr Tunji Oyebanji, appreciated the authority’s support, while pledging the commitment of OTL to take the industry to the next level.

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