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.
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