oil tanker

The Federal Government’s directive on expatriate quota set for the oil and gas industry has been described as a veritable move that deserves strict implementation, to enhance technology transfer and employment opportunities for Nigerians.

The Independent Petroleum Marketers Association of Nigeria (IPMAN), after its National Executive Committee (NEC) in Lagos recently, asserted that the Nigerian Content law is a commendable development that has played significant role in bulding capacity in-country.

National President of the Association, Abdul-Kadiri Aminu, said: “The maximum of four years period set for the international oil and gas operators to localise all expatriate positions would create opportunities for indigenous participation in the development of the nation’s petroleum industry”.

He said the industry has enjoyed relative stability in recent times, due to appointment of qualitative hands that were saddled with the duty of ensuring smooth distribution of petroleum products across the country.

Extending commendations to the ministry and the Pipeline and Product Marketing Company (PPMC) for constant stability of petroleum products supply to the system, IPMAN pledged to continue to work with PPMC in all its 21 depots across the country to ensure seamless product supply to the nooks and crannies of Nigeria.

IPMAN controls over 85 per cent of Nigeria petroleum product retailing, which makes the association a dominant player in the Nigeria downstream market.

The marketers however urged the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu and Executive Secretary of Petroleum Technology Development Fund, (PTDF), Oluwole Oluleye, to continue to show unwavering commitments to achieving national energy aspirations.

“There is evidence in both the upstream and downstream sub-sectors of the industry justifys the minister’s appointment and launch the country on the path of sustainable growth,” he stated.

Aminu also appreciated the fact that the minister had superintended the signing of a Gas Supply and Purchase Agreement (GSPA) between key industry operators and the Power Holding Company of Nigeria (PHCN) for the supply of gas as an incentive to guarantee adequate supply of electricity in the country.

The group however condemned the activities of the pipeline vandals and crude oil thieves which has been a great challenge for optical output from the nation’s refineries.

It therefore sought the full cooperation of Nigerians to bring to a halt the activities of the pipeline vandals and crude oil thieves.

The marketers welcomed the electronic tracking of oil vessels initiative, adding that it  has made round tripping, diversion impossible, and ensure accountability, probity and conserving hard earned Nigeria Foreign Exchange.


Information from The Guardian was used in this report.