The Petroleum and Natural Gas Senior Staff Association, PENGASSAN has called on lawmakers working on the Petroleum Industry Bill to take into consideration areas that would sustain the industry in the proposed bill.
He said: “We must pass a PIB that will meet three basic obligations: to ensure more funds come to the government; ensure that the employees in the oil and gas industry are protected and ensure that it attracts investment to the country. “In the past, it was Nigeria, Angola, Congo, Gabon and a few others, but today many countries are discovering oil on a daily basis and they are providing lots of incentives to ensure that investors come to their countries.
According to him, there was nothing wrong with one regulator which has over the years, aided growth of the oil and gas industry, warning that splitting the regulator into two would back roll successes made in the past
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