Buhari promises new policies to propel Oil and Gas sector

President Muhammadu Buhari on Tuesday pledged to introduce appropriate reforms and fresh policies in the oil and gas sector to boost the nation’s economy.
The President made this known at separate meetings in Abuja with delegates from Exxon-Mobil and the Nigeria Liquefied Natural Gas Company (NLNG). He said the administration would streamline activities of government agencies in the sector to remove current bureaucratic bottlenecks impeding operations of oil and gas companies.

According to him, the government will also give priority to the security of oil and gas installations as well as maritime security, to boost national earnings from the sector. “It is the responsibility of the Federal Government to secure the environment. “The vandalism of oil installations and pipelines, piracy, oil theft and the fall in the international price of oil have made our economic situation very disturbing. “This government will do all within its powers to secure the environment and encourage more investments in the oil sector,’’ he said.

Buhari promises new policies to propel Oil and Gas sector By Olawale Kadir on June 30, 2015 @ 5:52 pm@todayng BUHARI-OFFICIAL Click here for Nigeria's Largest Newspaper Directory President Muhammadu Buhari on Tuesday pledged to introduce appropriate reforms and fresh policies in the oil and gas sector to boost the nation’s economy. The President made this known at separate meetings in Abuja with delegates from Exxon-Mobil and the Nigeria Liquefied Natural Gas Company (NLNG). He said the administration would streamline activities of government agencies in the sector to remove current bureaucratic bottlenecks impeding operations of oil and gas companies. According to him, the government will also give priority to the security of oil and gas installations as well as maritime security, to boost national earnings from the sector. “It is the responsibility of the Federal Government to secure the environment. “The vandalism of oil installations and pipelines, piracy, oil theft and the fall in the international price of oil have made our economic situation very disturbing. “This government will do all within its powers to secure the environment and encourage more investments in the oil sector,’’ he said.

Read full story here: http://www.today.ng/news/buhari-promises-new-policies-to-propel-oil-and-gas-sector/

Buhari promises new policies to propel Oil and Gas sector By Olawale Kadir on June 30, 2015 @ 5:52 pm@todayng BUHARI-OFFICIAL Click here for Nigeria's Largest Newspaper Directory President Muhammadu Buhari on Tuesday pledged to introduce appropriate reforms and fresh policies in the oil and gas sector to boost the nation’s economy. The President made this known at separate meetings in Abuja with delegates from Exxon-Mobil and the Nigeria Liquefied Natural Gas Company (NLNG). He said the administration would streamline activities of government agencies in the sector to remove current bureaucratic bottlenecks impeding operations of oil and gas companies. According to him, the government will also give priority to the security of oil and gas installations as well as maritime security, to boost national earnings from the sector. “It is the responsibility of the Federal Government to secure the environment. “The vandalism of oil installations and pipelines, piracy, oil theft and the fall in the international price of oil have made our economic situation very disturbing. “This government will do all within its powers to secure the environment and encourage more investments in the oil sector,’’ he said.

Read full story here: http://www.today.ng/news/buhari-promises-new-policies-to-propel-oil-and-gas-sector/