Featured Gas Oil

Insecurity Threat to Oil Sector, Economy, Say Petroleum Marketers

The new National President of the Independent Petroleum Marketers Association of Nigeria, (IPMAN), Mr Debo Ahmed, has said that insecurity throughout the country constitutes a serious threat to the oil and gas industry as well as to the Nigerian economy.

Speaking after he was sworn in at the association’s secretariat in Abuja, the IPMAN president expressed concern over the challenge, noting that it remains a matter of worry to the association.

Ahmed who succeeded the immediate past leader of the group, Sanusi Fari, while addressing the gathering of petroleum marketers, however acknowledged efforts by security agencies to surmount the challenge and guarantee security of lives and property.

The new IPMAN chief also called on the downstream oil sector operators to come to terms with the reality of full deregulation of the oil sector, driven by the Petroleum Industry Act (PIA).

He assured his members that his leadership would accord full priority to their welfare in the volatile oil sector

Related posts

Nigeria loses 14.94million oil barrels worth N703.96bn –Reports

Our Reporter

Reconstruction: Lagos commuters groan on Mile 2 Badagry road

Editor

Petroleum trust fund shortlists 8,800 applicants for overseas scholarships

Our Reporter

Sanwo-Olu flags off 18.75KM Eti-Osa-Lekki-Epe reconstruction, says project to revolutionise Lagos economy

Meletus EZE 

COVID-19: 637 Europeans evacuated from Nigeria, Benin

Our Reporter

IEF, IEA heads meet to review energy security and market stability

Emeka Ugwuanyi