No single person or institution can owe and control more than 40 per cent of fuel supply and distribution” The Institute for Energy and Extractive Industry Law has declared that the Nigeria Midstream and Downstream Petroleum Authority (NMDPRA) has no power to encourage or guarantee a monoppoly of fuel supply and distribution in Nigeria. Platforms Africa reports that two resource persons from the institute; Dr. Taiwo Ogunleye and Henry Adigun, said this during separate presentations at a one-day roundtable on ‘The Midstream and Downstream Petroleum Industry in Nigeria:…
Read MoreTag: Henry Adigun
Nigerians demand ‘Drill or Drop’ sanction for oilfields’ licensees
“The country is under heavy borrowing to meet its developmental needs While some national assets that could help tremendpusly ate undeveloped for over 10 years.” With dwindling review into federation account and declining global relevance of fossil fuel as the world gradually transits to renewable energy, oil and gas industry experts in Nigeria have called for efficient use of mining assets by operators for the country to maximize its current potentials before fossil fuel loses its current value. While speaking on the diminishing status of oil and gas in…
Read More