News Oil & Gas

President Buhari Lauds PENGASSAN Over Commitment to Nigerian Oil Sector Growth

President Muhammadu Buhari has showered commendations on Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) for helping Nigeria attain a pride of place among the comity of oil and gas producing Nations.

The President said Nigeria now occupy 10th and 9th positions in the global oil and gas reserves respectively.

The President made the remark as Special Guest of Honour at the 6th Triennial National Delegates Conference of PENGASSEN held at Nigerian Air force (NAF) Conference Centre Abuja on 27/08/2020.

The president noted that the oil and gas industry is an enabler of national development and it is critical to the 9 strategic priorities of the government which include stimulating growth, creating well-paying jobs and taking millions of Nigerians out of poverty.

The President who was represented by the Hon. Minister of State for Petroleum Resources Chief Timipre Sylva explained that the Ministry of Petroleum Resources is paying special attention to gas by declaring the year 2020 as the year of gas.

The President disclosed that the efforts to fix our refineries is being given top priority while the private sector is also complimenting that effort by investing in major refineries such as the Dangote 650,000bpd capacity and other modular refineries that are springing up.

The President disclosed that the efforts to fix our refineries is being given top priority while the private sector is also complimenting that effort by investing in major refineries such as the Dangote 650,000bpd capacity and other modular refineries that are springing up.

The President concluded by saying that the covid-19 pandemic and its impact on the Nigerian and global economy has made it imperative to pursue other sources of revenue other than oil.

 

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