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FG Opens Discussions With Illegal Refineries For Recognition

The Federal Government has announced that it had commenced discussions with illegal refiners of crude oil in order to have them work as duly recognised modular refinery operators.

It also stated that it would ensure that militancy in the Niger Delta ended by the end of this year, adding that it would sustain its engagements with stakeholders in the region in that respect.

The Minister of State for Petroleum Resources, Doctor Ibe Kachikwu, disclosed this at the Tenth Nigerian Association for Energy Economics/International Association for Energy Economics Conference in Abuja.

The theme for this year’s conference was, ‘Energy, Economy and the Environment: The Interplay of Technology, Economics and Public Policy’.

Kachikwu, who was represented by the Executive Secretary of the Petroleum Technology Development Fund, Doctor Bello Gusau, said the Federal Government was working out how to involve illegal refiners in the new modular refinery scheme.

The minister explained that the ministry’s focus was on seven key initiatives and outlined them to include the introduction of new policies that would drive the growth of the oil and gas sector.

Kachikwu further stated that the first instalment for the payment of the cash call arrears by the Federal Government to international oil companies as agreed between both parties would be done by the end of this month.

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