ngrclimatereports July 27th, 2009
KEYNOTE ADDRESS BY THE
HONOURABLE MINISTER OF
PETROLEUM RESOURCES ON THE
PROPOSED PETROLEUM INDUSTRY
BILL (PIB)
BY
DR. RILWANU LUKMAN, CFR, KBE
HONOURABLE MINISIER OF PETROLEUM RESOURCES
ABUJA 16th JULY 2009
ADDRESS BY THE HONOURABLE MINISTER OF PETROLEUM
RESOURCES ON THE PROPOSED PETROLEUM INDUSTRY BILL
(PIB)
ngrclimatereports July 18th, 2009
| By Bassey Udo |
Rilwanu Lukman
Rilwanu Lukman, the Minister of Petroleum Resources, yesterday attended a forum to review the provisions of the bill currently before the National Assembly in Abuja, reports www.next234.com July 16, 2009.
Mr. Lukman said at the forum: “Confidentiality encourages corruption. The best way to fight corruption is to remove confidentiality for all procedures, contracts and payments. Every Nigerian, including all stakeholders, should have the right to know what is going on. The bill removes confidentiality on a scale not seen in the world before. Nigeria will move in one step from the most opaque petroleum nations in Africa to one of the most open and transparent in the world.” Continue Reading »
ngrclimatereports July 18th, 2009
The Global Environment Facility, (GEF), a global inter-government organisation, has approved the sum of $3 million (N435 million) for energy efficiency in Nigeria, the News Agency of Nigeria reports July 17, 2009. The fund is to be managed under a project titled “Energy Efficiency in Residential and Public Sector in Nigeria”.
The project to be implemented over the next 48 months, in collaboration with the United Nations Development Programme (UNDP), is designed to improve energy efficiency especially that of electrical equipment including refrigeration appliances, air conditioners, lighting, electric motors and fans. Continue Reading »
ngrclimatereports July 18th, 2009
By Onwuka Nzeshi, www.thisdayonline.com
Gas Flaring
British High Commission in Nigeria yesterday blamed the Federal Government for its inability to put necessary measures in place towards reducing gas flares by ultinational oil firms operating in the country, thisdayonline reported July 16, 2009 in Abuja.
Economic Officer, British High Commission in Nigeria, Mr Tom Adams, said this when he led officials of the High Commission on a visit to the Chairman, House Committee on Climate Change, Honourable Eziuche Ubani. Also on the delegation was Mr Richard Washington, Reader in Climate Change, University of Oxford, London.
Continue Reading »
ngrclimatereports July 12th, 2009
Nigerian oil and Gas policy
THE NATIONAL OIL AND GAS POLICY
The National Oil and Gas Policy was approved by the Federal Executive Council under the chairmanship of President Umaru Musa Yar’adua on the 5th of September, 2007. The singular objective of the policy was to make far reaching changes and ensure the fundamental transformation of Nigeria’s Oil and Gas industry, to bring it in line with 21stcenturyglobal industry
THE GENESIS OF THE POLICY
In the opening months of the new century, it became obvious that the legal and governance structures that had been designed since the 1970s cannot adequately cater for the requirements of a contemporary Nigerian Oil and Gas industry. For example, though amended in many instances along the way, the Petroleum Act (1969) remains a forty year old document that was designed for the industry at its infancy. Similarly, the NNPC Act (1977) despite the various amendments is an outdated piece of legislation that is out of tune with contemporary global business realities. In addition, the laws are contained in several pieces of legislation. This is coupled with the fact that the numerous amendments, policy statements and regulations are dispersed in several documents and are often difficultto locate.
