Monday, 17 September 2012

PIB: PENGASSAN Condemns Multiple Regulatory Agencies

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has expressed concern about what it described as the creation of multiple regulatory agencies in the technical and commercial sectors of Nigeria’s oil and gas sector in the new Petroleum Industry Bill (PIB).
Outgoing President of PENGASSAN, Department of Petroleum Resources (DPR) Branch, Mr. Isah Ibrahim, stated at the third triennial branch delegates’ conference of the union in Abuja, that the new PIB, currently before the National Assembly for consideration and passage had got within it multiple regulatory agencies as against clamour in some quarters for a single functional regulatory agency. Ibrahim, stated that the union expected DPR, which formed the nucleus of the technical committee set up on the PIB by Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to have effected such change.
The PIB provides for the establishment of a Petroleum Technical Bureau, Upstream Petroleum Inspectorate, Downstream Petroleum Regulatory Agency, and National Petroleum Assets Management Corporation amongst others, a development, which Ibrahim vehemently condemned as multiplication of responsibilities in the sector.

No comments:

Post a Comment