PENGASSAN leader Cautions On Dead Refinery Licenses, Others

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By Chibisi Ohakah, Abuja

President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Osifo Festus has called for revocation of unused licenses for private and modular refineries.

He said that it serves Nigeria no good to issue dead licenses whereas the country is in dare need for oil refinery alternatives. He condemned a situation where wealthy Nigerians bribed their way and collected the licenses only to make no use of them.

He also reiterated the Association’s call on the Government to increase local refining capacity and remove all observed encumbrances to the full rehabilitation of the three other refineries as a way to end the current debate on deregulation and fluctuating cost of petroleum products in the Country.

The PENGASSAN President who spoke at the 2021 Leadership Workshop organized by the Warri Zone of the Association held in Asaba, Delta State capital recently, also demanded federal government intervention in the ongoing gas price hike,

He pointed out that the life of the nation rests squarely on oil production, pricing and circulation, and that Nigerians are currently living on the brink, which means the flat vider headed.   


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