• Privacy Policy
  • Terms
  • About us
  • Contact Us
Thursday, March 30, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Natural Resources

Ministry to set up oil, gas investment centre to spur foreign investments

Oil and Gas

The Matters Press by The Matters Press
July 8, 2022
Reading Time: 2 mins read
0
Edo unveils plans for investment desks

The Ministry of Petroleum Resources says it is setting up an Oil and Gas Investment centre which will act as a one-stop Oil and Gas Investment centre to spur Foreign Direct Investments (FDIs).

RELATED POSTS

U.S. hikes visa fee

DMO, Centre task incoming administration on revenue generation

NMDPRA to resume safety audit of petrol outlets, tankers operations

It said the centre would be reciprocated along all the MDAs to create an enabling business environment for would-be investors to attract all the available FDIs into the sector.

Mr Kamoru Busari, Director overseeing the office of the Permanent Secretary, Ministry of Petroleum Resources, made this known on Wednesday in Abuja at the ongoing Nigerian Oil and Gas (NOG) Conference.

ALSO READ  BIDEN LIKELY TO OPEN MORE OPPORTUNITIES FOR AFRICAN MIGRANTS – THINK THANK

Busari spoke at the industry regulators session of the 2022 NOG conference which had its theme as “Funding the Nigerian Energy Mix for Sustainable Economic Growth”.

He said the development was in fulfilment of its mandate as enshrined in Section three (e) of the PIA to: “Promote an enabling environment for Investment in Nigerian Petroleum Industry”.

He said it became necessary because of the need to begin to create business models that would reduce the export of crude oil while increasing export of value-added petroleum products.

He said deliberate regulations and policies that would encourage investments and enhance private businesses in these streams needed to be formulated.

ALSO READ  2,600 inmates regain freedom as frontline politicians get pardon

“The task before every one of us now is to breathe life to the flesh already built by the act to play our roles as regulator and opportunity enablers.

“This will be through direct collaboration with all relevant stakeholders in the operationalisation of the Petroleum Industry Act (PIA) to prevent impediments in operations and processes.

He said 2022 NOG was unique, being the first after the Nation succeeded to pass the age-long PIA which had been in contention for over two decades.

He urged all NOG participants to make contributions in line with the theme, to effectively transform the likely challenges or impediments from the new law to opportunities to grow Nigeria’s Oil and Gas sector.

ALSO READ  Air Peace begins flight operations to China
Tags: Oil and Gas
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Visa-on-arrival counters expanded
Economy/Technology

U.S. hikes visa fee

March 30, 2023
DMO raises N615bn Sukuk fund for roads
Economy/Technology

DMO, Centre task incoming administration on revenue generation

March 30, 2023
NMDPRA to release regulations on midstream, downstream operations
Economy/Technology

NMDPRA to resume safety audit of petrol outlets, tankers operations

March 30, 2023
Zenith Bank unveils N765.6bn gross earnings
Economy/Technology

Zenith Bank grows gross earnings to N945.5bn in 2022

March 29, 2023
Eswatini for $140m Afreximbank’s credit
Economy/Technology

Afreximbank releases $10m finance facility to Parallex Bank

March 29, 2023
New Naira notes unavailable even as CBN campaigns for acceptance
Economy/Technology

NLC, TUC concede two weeks to CBN to end cash crunch

March 29, 2023
Next Post
How NNPC is solving lingering petrol scarcity

Marketers blame PPMC as transporters hike fares

Blackout hits Nigeria as grid collapses again

Agency signs MoU with Fadama on electrification programme

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Kenya hits the globe for oil investment

Angola, Libya overtake Nigeria in Crude oil production, OPEC report

September 17, 2022
Kebbi displays rice, products of Anchor borrowers programme

Kebbi displays rice, products of Anchor borrowers programme

March 2, 2021
5G: MTN, MAFAB win provisional licences

5G vital for Africa growth, development – MTN Group

November 1, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • U.S. hikes visa fee
  • DMO, Centre task incoming administration on revenue generation
  • NMDPRA to resume safety audit of petrol outlets, tankers operations

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?