Non-compliance to regulations hindering oil industry growth – NNPC GMD

Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), says non-compliance to regulations by operators in the oil and gas sector hinders growth in the industry. Baru made this known at the 2018 annual stakeholders meeting of the Department of Petroleum Resources (DPR) in Abuja on Thursday.

The meeting, with the theme “Regulatory Compliance as a veritable tool for safe and efficient operations in Nigeria’s oil and gas Industry,” could not be held last year as expected. Baru was represented by Mr Henry Ikem-Obih, the Chief Operating Officer, Downstream of the NNPC. He said that compliance with regulations would eliminate crisis in the industry and guarantee long-term viability of the industry.

According to him, if everybody plays their part in achieving and sustaining compliance, there will be a pain-free experience for the consumers. He added that operators as well would remain in long-term viable businesses. He further urged the DPR to ensure effective enforcement to achieve total compliance in the sector for growth and development.

Source: Vanguard

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