PENGASSAN Reports Nigerian Government Commitment To Local Refinery Support

PENGASSAN Reports Nigerian Government Commitment To Local Refinery Support

Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources, has committed to collaborating with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENG ASSAM) to support local refineries…… CONTINUE READING

Lokpobiri made this commitment during the 2024 PENGASSAN Energy and Labour Summit in Abuja on Wednesday. This three-day event, the third annual summit organized by the association, is themed “The Future of Nigeria’s Oil and Gas Industry: Energy Mix, Energy Security, Artificial Intelligence, Divestment, and Crude Oil Theft.”

The Minister emphasized that this collaboration aims to boost oil production, foster healthy competition, and ensure fairness within the oil and gas sector. He noted that supporting local refineries will enhance domestic refining capacity, reduce reliance on imported refined products, and stimulate economic growth.

“The Federal Government is dedicated to creating a favorable environment for local refineries to succeed and for investors to thrive,” Lokpobiri stated. “Operational refineries in the country are vital for our economic development and energy security.”

According to NAN, Lokpobiri praised the summit’s theme as both strategic and timely, urging collective action to attract further investment in the industry and ensure energy security.

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