Nigeria’s Department of Petroleum Resources (DPR) says it has outlined four cardinal focus for downstream operations in its bid to create opportunities in the oil and gas sector.

The agency’s director, Mr Sarki Auwalu, made this known during a visit of members of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) to DPR in Lagos last Wednesday.

The four focus areas include quality for product assurance and customer satisfaction; quantity for transparency, value for money and consumer protection; safety for personnel and assets and public safety as well as integrity for investment protection and business continuity.

[Also Read] PIB Outlines Functions of New Agencies to Replace NNPC

He said that DPR would continue to partner with DAPPMAN to achieve national aspirations for the downstream sector, including price freedom, optimum petroleum products distribution network, petroleum products supply sufficiency and curbing of petroleum products cross border leakages.

He said that with the Ministerial declaration of 2020 as the” Year-of -Gas”, a new world of alternative fuels and investment opportunities has been created.

He encouraged DAPPMAN executives to avail themselves of these opportunities and partner with DPR to enable value creation for investors and government.

“DPR has developed a Gas Business Incentives and Support Programme (GBISP) to drive gas expansion and penetration.

[Also Read] Low Oil Price: Opportunities In The Midst Of Challenges

“This include key strategic initiatives such as implementation of the gas network code programme to encourage gas base industries (GBI’s) and support for duty waivers consideration for equipment, tools and materials for downstream gas facilities.

“It also include streamlining registration for Liquefied Petroleum Gas resellers and the ongoing gas commercialisation programme being put in place to achieve the GBISP,” he stated.

In her remarks, the Chairman of DAPPMAN, Mrs Winifred Akpani, commended the DPR for its robust regulatory initiatives and engagements with stakeholders in the oil and gas sector which had created the enabling environment for their businesses.

[Also Read]

DAPPMAN, she explained, would continue to provide support for government policies especially in its drive for price freedom in the downstream sector.

By Chibisi Ohakah, Abuja

Be the first to know when we publish an update

More News on Orient Energy Review.

Be the first to know when we publish an update

Leave a Reply