The Energy Republic July Edition 2022

NOG FEATURES
In August 2021, President Buhari signed the Petroleum Industry Bill (PIB)
2021 into law. The PIB is now referred to as the Petroleum Industry Act
(PIA). The PIA, which was recently passed by the two houses of the
National Assembly, has been in the works since the early 2000s.
The enactment of PIA is Nigeria’s boldest attempt at revamping the
fortune of the Nigerian Petroleum sector. The PIA either repeals or
amends at least ten different legislations applicable to the Petroleum
Industry. This legislation is expected to bolster the government’s
revenue and create significant investment opportunities for local and
international investors.
Speaking at the NOG Conference & Exhibition 2021 edition, the Minister
of State for Petroleum Resources, Chief Timipre Silva commented,
“
“The PIA comes at a better time when the entire industry still grapples in
crisis due to the Covid-19 Pandemic which created uncertainties in the
industry.
"The credit goes to our dear President Muhammadu Buhari for his
steadfastness and support towards ensuring that the Nigerian oil and gas
industry moves in tandem with the current global realities.
“Congratulations will also go to the 9th National Assembly for their
patriotism to pass the Bill. They have written their names in the book.
“We are now on the right direction to witness enormous investment in
our oil and gas industry. This administration aims to drive infrastructural
development in the country to make life more meaningful for all.
“Natural gas ticks all the boxes to help the government achieve its
aspiration. That is why we declared 2021 – 2030 as the Decade of Gas.
“We are indeed committed to our vision. The Decade of Gas has become
an integral part of the Federal Government oil and gas roadmap.”
“The ministry of petroleum resources is on track regarding the National
Gas Expansion Programme. We will launch the various module of the
programme very soon including but not limited to Autogas-powered
vehicles, and virtual pipelines, among others.
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The NOG conference comes at a time
when Nigeria has succeeded as a nation
In passing the Petroleum Industry Act
(PIA) which has been in contention
for over 16 years.
Funding The Nigerian
NOG 2022 Strategic Conference Agenda:
Ø Implementation of the Nigerian Oil and Gas
Industry Content Development Compliance and
Enforcement Regulation.
Ø Exploring Opportunities for Indigenous
Companies Under the 7 Ministerial Regulations.
Ø Indigenous Capacity Development for Future
Energy Demands.
Ø Energy Transition: Making Nigeria the Preferred
Africa Energy Investment Hub.
Ø Harnessing Opportunities in the Nigerian Gas
Sector.
Ø Roadmap for Nigeria’s Energy Mix and
Decarbonization Policy.
Ø Opportunities for Development in Midstream
and Downstream Oil & Gas Sector.
Ø The Future of Nigeria’s Energy Sector in the
PIA Era.
Ø Developing the Power Sector Policy for an
Emerging Economy.
“
Nigeria is on track to grow its
economy with the energy sources
in the country. Currently, Gas
will play a major role in
achieving that.
.
In his words, the OPEC Secretary-General said, "The Nigeria
Oil and Gas Conference and Exhibition have risen to become
one of Nigeria’s and indeed Africa’s largest and most
prominent industry events.
"Its creation was the brainchild of two icons of our industry. I
am referring, of course, to the late Dr. Rilwanu Lukman of
Nigeria and the late Dr. Alirio Parra of Venezuela.
Mix For Sustainable Economic Growth
THE ENERGY REPUBLIC I SPECIAL EDITION